Thursday, November 11, 2010

Summer Placements 2010-12 a huge success at XLRI

From The XLRI Blog

Tuesday, November 02, 2010

SIP 2010-12 a huge success!

The Summer Internship Placement Process for the batch of 2010-12 was a huge success this year, with all students of both batches getting placed in just 4.5 days. A total of 103 companies confirmed participation in the process (up by 27% compared to last year), with 76 companies making 307 offers for the batch of 240 students. The average stipend, also up by 26%, stood at INR 1,12,000, while the median stipend was INR 85,000.

The highest international offer was made by an Investment Bank for its trading desk in Singapore, with a stipend in excess of 5,00,000, while the highest domestic stipend was offered by another Investment Bank for its Mumbai desk. This year, numerous companies offered international roles to XLRI students, including Novartis, JP Morgan, Hay Group, Hindustan Unilever Limited, Proctor and Gamble, Cadbury, PepsiCo, Aditya Birla Group, Standard Chartered Bank and Wipro.

The Aditya Birla Group and Goldman Sachs were the largest recruiters, taking no less than 10 students each.

XLRI continued to maintain its student-friendly preference-based process, which ensures that students get placed in a company and sector of their preference.

Prof Rajiv Misra, chairperson of Placements said, “This year not only we saw the participation of new companies but also the emergence of new sectors. We are very optimistic, and these are definitely positive upwards signals for the coming few quarters as well. The improvement in the general economy is well reflected in the way the recruitment has happened over the past week.”

Venkatesh Kommineni, secretary of Placement Committee, said, "We got unanimous feedback from first time recruiters and in this recruitment process not only student quality met but surpassed their expectations."


Some links from the media:

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