XLRI Summer Placements 2011: Recession bubble seems to be blowing as 1.28 offers made per student

Last Updated: Mon, Nov 15, 2010 08:00 hrs

Author:  CoolAvenues Newswire Author Details:  Do not show Side Ad:  300x250 banner Document Summary:    Callout:   General Management once again was one of the preferred sectors on campus with industry behemoths like Tata Administrative Servies, Aditya Birla Group offering a larger chunk of offers in the GM area XLRI School of Business & Human Resources has successfully concluded its Summer Internship Process 2011 within 5 days by executing a preference based slotted process, with 100% of its students being offered internship offers across geographies and sectors. The recruiters participated with an unprecedented 307 offers made to a batch of 240 students. Total number of recruiters that participated in SIP 2011 also increased by 27% over last year. 103 companies confirmed participation this year in summer placement process and 76 companies made offers. The average stipend for the internship period this year was ` 112,000, an increase of 26% over last year.   The median stipend for the internship period this year was ` 85,000. At 10 offers, Aditya Birla Group and Goldman Sachs were the largest summer recruiters.   The highest domestic stipend was offered by a private investment bank for its Mumbai desk. The number of international offers has undergone an increase as well with students being offered international assignments by Investment Banks, FMCG majors and the other big-wigs of the industry. The highest international offer was made by an investment bank for its trading desk in Singapore which stood in excess of ` 500,000. This year numerous companies offered international roles to XLRI students, including Novartis, JP Morgan, Hay Group, Hindustan Unilever Limited, Proctor & Gamble, Cadbury, PepsiCo, Aditya Birla Group, Standard Chartered Bank and Wipro.   The finance sector was the top draw at XLRI, same as previous years, with 26% of the students opting for roles in the finance domain. This year saw the participation of top investment banks like JP Morgan, Standard Chartered Bank, Citibank, Goldman Sachs, NM Rothschild, Development Bank of Singapore and Deutsche Bank that recruited for their Mumbai desks and international operations. The Carlyle Group - the largest private equity player in the world, recruited from XLRI exclusively again this year. The Indian investment banking industry was in full force with Edelweiss capital and SBI Capital Markets. Corporate Finance offers were also on the upswing with many bigwigs like Hindustan Unilever Limited, Cadbury, Airtel, Medtronic, Wipro and Larsen & Toubro offering their prestigious corporate finance roles. This year also saw the participation of insurance companies like Aviva Life Insurance and Metlife in the Summer Internship Process.   The FMCG majors were back in full force on B-school circuits thanks to the upside being felt in the market. International roles were offered by Hindustan Unilever Limited, Proctor & Gamble, Cadbury and PepsiCo in Sales & Marketing, branding and operations profiles across geographies like South East Asia, Middle East and Europe. Johnson & Johnson Consumer Healthcare, Asian Paints, Nokia, Nestle, Colgate Palmolive, Coca Cola, Marico, GSK Consumer Healthcare, Heinz, Reckitt Benckiser, Kimberly Clark, Perfetti, Castrol, Reebok among others offered roles in Sales and Marketing functions. This year saw the strong inclination towards Medical and Pharma industry which were mainly represented by Novartis, Johnson & Johnson Medical, GSK Pharma and Medtronic. XLRI has again reestablished its strength as a marketing destination with 26% of the students taking up roles in the marketing domain.   General Management once again was one of the preferred sectors on campus with industry behemoths like Tata Administrative Servies, Aditya Birla Group offering a larger chunk of offers in the GM area. Indian industry was present in full force with Reliance Industries Limited, Reliance ADAG, Mahindra & Mahindra, RPG Group, Larsen & Toubro, Bharti Group among others making their presence felt on campus. This reinforces the transition of home grown Indian firms into dynamic and challenging workplaces to intern in.   The consulting domain saw the participation of industry bigwigs such as Hay Group, Accenture Business Consulting, KPMG, Ernst & Young, Mercer, Deloitte, PwC, Capgemini, Wipro Consulting, Cognizant Business Consulting along with Reach Potential, Right Management and Vyaktitva Consulting among the niche consults that reposed their faith in the quality of talent available at XLRI.   XLRI struck strategic partnerships with a number of first time recruiters in the areas of financial services, insurance, pharmaceuticals, telecom, aviation, IT, Technology, media and manufacturing such as Reliance Industries Limited, Amazon, Reliance Power, Medtronic, Aviva Life Insurance, Metlife, Aircel, Airbus, Lenovo, HP, Siemens, GE, Philips, and Titan who recruited for several Internship Roles in their respective organizations. These recruiters had an outstanding experience and they are now a part of XLRI’s valued traditional recruiters. For the PMIR batch, Novartis again offered its prestigious leadership role to students at XLRI. They would be interning at their global headquarters in Basel, Switzerland.                                 Sector wise offers chart for XLRI Summer Internship Process 2011     Display order:  3530

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