IIM-Tiruchy student gets Rs 1.20 lakh summer placement offer

Indian Institute of Management, Tiruchirappalli, has concluded its first summer placement for the batch of 2011–13. The average stipend offered for the internship period was Rs 53,000, excluding travel, accommodation and other benefits, and the highest domestic offer was Rs 1.20 lakh for eight weeks placement.

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The season had 40 companies recruiting 83 students for internships in various domains such as marketing, finance, operations, HR, consulting and strategy. The placement followed a rolling process, and was conducted in two stages separated by a term break, said Godwin Tennyson, chairperson, placement and external relations, IIM-Tiruchirappali, which is just six months old.

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The major contributor was human resource, which took 36 per cent of the students, while marketing was 36 per cent and operations 12 per cent.

Some of the companies include HUL, P&G International, Pfizer, Rediff.com, Amul and Berger Paints.