19 Oct 2017 18:44 IST

XLRI summer internship’s highest stipend is ₹5 lakh

Around 90 companies participated in process that saw 364 students placed in two days

Xavier School of Management (XLRI) completed its summer internship placement process for its largest ever batch of 2017-19 comprising 364 students, in two days.

The median and average stipend of students increased by over 20 per cent, with a highest stipend of ₹5 lakh for two months, said a press statement issued by XLRI.

The internship placement process saw participation from 90 odd companies offering roles across domains including consulting, finance, sales and marketing, operations, business development, human resources and industrial relations.

“This year, multiple new companies were added to the recruiters’ list, apart from the traditional recruiters. The top recruiters this year include BCG, PWC, Coca-Cola and HCCB, Mondelez, HUL, ITC, P&G, Microsoft and Uber among others,” the release said.

Sector-wise offers

Nearly 27 per cent of the offers came from FMCG sector. The participation of technology firms like Uber also saw an increase with close to 20 per cent roles in business management being offered in technology sector.

Some of the other sectors, which participated in the internship process were, BFSI (13 per cent), consulting (11 per cent), conglomerates (16 per cent), and the remaining split between media, pharma, auto and telecom.

“There was also a significant increase in operations roles with firms like Reckitt Benckiser and Colgate-Palmolive opening their operations roles for students,” the release said.

The sales and marketing roles topped the charts with 25 per cent share in the recruitments, followed by finance with 20 per cent.

The internship offers were fairly diversified in nature, with 17 per cent coming from operations, 17 per cent from general management, and 11 per cent for consulting roles.

Social sector internship

Parivartan, the social sector internship programme of XLRI, was instituted in 2014, with the objective to provide relevant avenues for students looking to gain exposure by working on social projects.

Multiple students were recruited by firms such as Bill & Melinda Gates Foundation, Tata Trust, Dr Reddy’s Foundation, and E-Vidyaloka through Parivartan.

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