07 January 2022 14:19:51 IST

BITSoM founding class achieves 100 per cent summer placements

50 recruiters participate; average stipend is ₹1.6 lakh for the two-month internship.

BITSoM Mumbai announced that its founding class has achieved 100 per cent summer placements.Many prominent recruiters made offers to students of BITSoM, including Bain & Co, Kearney, Arthur D Little, Deloitte, PwC, E, Korn Ferry (Hay Group), Hindustan Unilever, Tata Consumer, Beiersdorf (Nivea), Pidilite, Hershey, Aditya Birla Group, Cisco, Tata Capital, ICICI Bank, Axis Bank, Cervin Ventures (a Silicon Valley-based VC fund) and ICICI Prudential AMC among others.

In all, 50 organisations made offers in the summer internship process. The students will join their respective organisations for internships from April to May 2022. The average stipend amounts to ₹1,61,610 for the two-month internship. The top 10 per cent of the accepted offers have an average two-month stipend of ₹3,01,538, and the top 30 per cent have an average two-month stipend of ₹2,61,712. The top half of the class has an average two-month stipend of ₹2,29,280.

Dr Ranjan Banerjee, Dean BITSoM said, “We have made a strong start for an institute in its first year. Many top companies visited our campus, and we received positive feedback on the quality and energy of our founding class. We thank our corporate partners for their enthusiastic support. Many more recruiters whom we are in conversations with have committed to participate both in final placements and in next year’s internships. We are confident of an even stronger showing next year.”