XLRI – Xavier School of Management, amongst India’s premier B-Schools, announces the completion of its Summer Internship Placement Process (SIP) for its largest-ever class of 470 students (2021-23 batch) of the Business Management and Human Resource Management programs across both XLRI Jamshedpur and Delhi-NCR campuses. The top recruiters in terms of the number of offers made were Amazon, The Boston Consulting Group, Bain and Company, Accenture Strategy, Pricewaterhouse Coopers, Deloitte, Aditya Birla Group, and HUL.
The top segments based on roles offered were Consulting, Sales & Marketing, and BFSI. Consulting and Advisory firms extended offers to around 25% of the batch while IT and e-Commerce firms recruited 22% of the batch. FMCGs recruited 17% of the batch while BFSI recruited a select 10% of the batch for some of their most coveted roles.
Here are the key highlights:
- The highest stipend offered was INR 6.8 lakhs for two months in the BFSI Sector.
- The median stipend for the entire batch rise to INR 1.27 Lakhs per month, which is an increase of over 16% over the previous year.
- The average stipend offered was INR 1.28 Lakhs per month, which is an increase of over 5% over the previous year.
- The average monthly stipend for the top 10 percentile students was INR 1,82,000 per month.
- The average monthly stipend for the top 25 percentile students the stipend stood at INR 1,63,500 per month.
- The highest number of offers were in the consulting cohort – 127 offers from firms like BCG, Bain, Accenture Strategy amongst others
Sector-wise Turnouts
The top segments based on roles offered were Consulting and Advisory, Sales & Marketing, and Finance. Other roles included functions in Product Management, Business Development, Brand Management, Analytics, and Strategy. Organizations from a wide spectrum of sectors participated in the process, including FMCGs, Consulting, Pharma, IT and e-commerce, Government Agencies, and telecom.
Human Resources:
Top-tier firms such as P&G, HUL, Nestle, Colgate-Palmolive, Reckitt, Coca-Cola, Asian Paints, Mondelez, Johnson & Johnson, Citi, JPMC, Walmart, ITC, Mars, Aon, Vedanta, RPG, and Tata Group. Firms offered roles across a variety of HR functions like Learning and Development, Talent Acquisition, HR Consulting, and HR Analytics.
Analytics & Consulting:
The Boston Consulting Group, Bain & Co., Accenture Strategy made their highest number of offers ever in XLRI. This year’s process also witnessed participation from Alvarez and Marsal, Kearney, Aon, Everest Consulting, and FinIQ Consulting.
FMCG:
Top firms such as P&G, Hindustan Unilever, ITC, Colgate Palmolive, Reckitt, Nestle, Mondelez, Asian Paints, Samsung Electronics, Mars, amongst others, have participated in the process. Top firms in alcoholic beverages like AB InBev, Beam Suntory, and Pernod Ricard recruited in good numbers. Roles in Strategy, Sales & Marketing, Product Supply, Operations, IT, and Human Resources were offered.
BFSI:
Firms such as J.P Morgan Chase, Goldman Sachs, Standard Chartered, Citi Bank, Axis Capital, Axis Bank, Natwest Group, ICICI, Arga, and others participated in the placement process. The roles offered in this domain were Front-end Investment Banking, Markets, Corporate Banking, Wealth Management, Equity Research, and Retail Banking. Regular recruiters like Bajaj FinServ, Edelweiss Tokio Life Insurance participated in the process along with firms like Mastercard, Intellect Design Arena amongst others.
General Management:
General Management roles were offered by conglomerates like TAS, Mahindra, Reliance, Adani, Aditya Birla Group, RPG, Capgemini ELITE amongst others.
Manufacturing, Industry, and Automotive:
There was strong participation from the automotive sector such as Bajaj Auto along with strong participation from firms like Vedanta, JSW, and manufacturing firms like Tata Steel and Wonder Cement recruiting from XLRI.
Healthcare and Pharma:
We witnessed the most extensive participation from the Healthcare and Pharma sector ever in the process, with new recruiters like Sanofi, Novozymes offering roles on the campus. Regular recruiters like Johnson & Johnson, AstraZeneca, Dr. Reddy’s Laboratories, Cipla, Sun Pharma offered roles in Sales and Marketing, Supply Chain, Finance, IT, and HR.
IT/ITeS, E-commerce, and Startups:
There was great participation from e-Commerce firms with Amazon making the highest 43 offers on-campus across both Amazon and AWS across multiple roles, followed closely by Flipkart, Myntra, Udaan, and Meesho recruiting students from XLRI.
Product Management:
XLRI has proven to be the preferred campus by recruiters for Product Management roles, with IT giants like Microsoft, Google, Amazon, Media.net, Walmart Global Tech visiting XLRI with their prestigious Product Manager and Program Manager roles.
Prof.A.Kanagaraj, Chairperson, Placements at XLRI-Xavier School of Management commented, “We have had another astoundingly successful summer placement season at XLRI, which has shattered all its previous records. In the current phase of economic resurgence, XLRI has outshined as a beacon, with the Summer Internship Placements getting completed within 2 days – a testament to the quality of budding business leaders that XLRI has to offer to the industry at large. We are extremely grateful to all the reputed organizations for recruiting their next-generation of business leaders from XLRI, and to the faculty, staff, and students for their continued support in this eventful journey”