Xavier School of Management, which completed summer internship placement process for its largest-ever class of 470 students (2021-23), saw a 16 per cent rise in median stipend offered to the batch. The median stipend for the batch rose to ₹1.27 lakh a month while average stipend offered increased by five per cent y-o-y to ₹1.28 lakh a month.
The batch comprised of students from business management and human resource management programs across both XLRI Jamshedpur and Delhi-NCR campuses. The highest stipend offered was ₹6.8 lakh for two months in the BFSI sector, said a press statement issued by XLRI.
Some of the top recruiters in terms of the number of offers made were Amazon, The Boston Consulting Group, Bain and Company, Accenture Strategy, Deloitte and HUL among others. The average monthly stipend for the top 10 percentile students was ₹1,82,000 per month, while for top 25 percentile students the stipend stood at ₹1,63,500 a month.
Top roles and domanins
The top segments based on roles offered were consulting, sales and marketing and BFSI. Consulting and advisory firms extended offers to around 25 per cent of the batch while IT and e-commerce firms recruited 22 per cent of the batch. FMCGs accounted for 17 per cent of recruitment while BFSI recruited a select 10 per cent of the batch for some of their most coveted roles.
Some other roles included functions in product management, business development, brand management, analytics and strategy. Some of the top firms which recruited for HR roles include P&G, HUL, Nestlé, Coca-Cola, ITC and Asian Paints among others.
According to A Kanagaraj, chairperson, placements, XLRI, the successful summer placements this year 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 two days,” Kanagaraj said in the statement.