JP Morgan Chase have offered a student of XLRI, Jamshedpur a paid summer internship with a stipend of ₹2.5 lakh per month . In a first, the firm had opened the global markets role for the students of XLRI.
This is the highest stipend offered for industry exposure to a student from the first-year batch of 360 students. The selected student will be trained for a global strategic role, XLRI told BusinessLine . Last year, the highest stipend offered for a summer internship form XLRI was ₹1.5 lakh per month.
This time, offers from 92 companies had a median stipend offer of ₹65,000 a month, XLRI said in a release. “All students received paid internship”, XLRI said.
Banking and Financial Services
Banking and financial services and the insurance sector attracted majority of the students for internship. Goldman Sachs offered roles in investment banking while Barclays and Edelweiss were new recruiters in the BFSI domain.
Among the other companies which picked up XLRI students for internship, was European hedge fund Carlyle. “Avendus Capital continued to open its doors for the students of XLRI for its front end PE syndication and M&A advisory roles”, XLRI added. Citibank was the largest taker of interns this year from XLRI in the BFSI segment. HSBC, Standard Chartered, BNP Paribas and DBS also opened up multiple roles including those for markets, corporate banking, retail and human resources. Axis Bank, ICICI and Yes Bank were also among internship providers.
Accenture picked up the highest number of interns at 13, followed by Microsoft (12), Hindustan Unilever (11), Flipkart (10), ABG (9), Citibank (9), Snapdeal (9), and Vodafone (9).
Other Sectors
Two students got internship with the Bill & Melinda Gates Foundation, Tata Trust and E-Vdiyaloka in the social sector.
Apart from BFSI, two other sectors FMCG and consulting also were among the top intern pickers. HUL, ABG and Godrej were among many, which opened international roles for the interns. Human Resources management students preferred FMCG. Companies, such as Coca Cola, GSK, Jhonson & Jhonson, Castrol, Britannia, Akzo Nobel Asian Paints, ITC,Nestle, Pepsico, Reckitt Benckiser and Kellogs in these sector also attracted students from marketing and supply chain management streams.