Summer placements sizzle at B-schools

www.naukrisearch.com

Management graduates are back at the toast of the talent market and B-schools are again celebrating the summer placement season, after a lull of three four years. These institutions, earlier worried about placing their increased batch in many cases managed to find summer internship opportunities for all their students in flat three days.

Besides, the average of salary packages offered has raised 15-20 percent from last year. The higest stipend offered at Management Development Institute (MDI), Gurgaon, has been a record INR 4.2 Lkh for two months. The average stipend for post-graduate programme in management (PGPM) was INR 1.16 lakh at MDI and between INR 1 lakh and 1.2 lakh at other institutes.

These offers to management students are for summer internships in May and June next year the stipend paid will be for their stint at the companies in these two months.

The Indian Institute of Management (IIM) Lucknow this year achieved 100 percent summer placement for its batch of 464 students in four-an-a half days, a day less than those taken last year.

For job search go to www.naukrisearch.com which is one of the leading portal site for service sector industry.

The recruitment drive saw participation of 164 domestic an international recruiters. “The highlight of this placement season was the presence of firms like JPMorgan, International mutual fund company Alvarez & Marsal and four Indian private equity players”. The institute did not disclose details of stipend offered.

MDI placed its batch of 240 in less than four days, “This is the first time since doubling of the batch size for PGPM to 240 that all PGPM and 61 students in the post-graduate programme in human resource management (PGPHRM) got placed in less than four days,” said chairperson of the placement cell at MDI.

The average stipend for the PGPHRM recruits stood at INR 1.07 lakh, against 95,900 last year. The highest figure at INR 1.6 lakh. A total of 109 companies participated in the hiring process at MDI. Among the companies that came for here hiring for the first time were Bostan Consulting Group, Bill & Melinda Gates Foundation, Danone, Motorola, Novartis and Snapdeal.

At the XLRI-Xavier School of Management, 105 companies together made 385 offers to 365 students. All students of the batch received paid internships in less than three days. The highest stipend offered was INR 1.5 lakh a month. And the median stipend for the entire batch was INR 55,000 a month.

This year, all of the 365 students in our largest-ever batch got summer placements. Last year, when a high point was the steep rise in finance internships, our batch size was 303. The year before, when FMCG majors were the top draw at XLRI, our batch strength was 240 said chairperson of the placement cell at XLRI.

Top recruiters on the campus in terms of the number of offers made were Altisource (12), Vodafone (10), HUL (9), ITC (9), Microsoft (9), ABG (8) and Wipro (8).

There has been s steep rise in international internship offers this year. Companies like M.H AlShaya, ABG, Altisource, HUL, Kellogg’s , Normura, Pepsi, Godrej and a European Hedge Fund have hired for multiple international roles said XLRI.

XlRI also saw participation from the likes of Pratham, Tata Trust, Azim Premji Foundation, Bandhan Microfinance, Ashoka Foundation and E-Vidyaloka for ‘Parivartan’ (to change), the institute’s parallel placement process for the social sector, completed before the conventional summer placement week.

World bank, Citibank, HSBC, Standard Charted, BNP Paribas, DBS hired at the institute for multiple roles, including the markets, corporate banking, retail and HR verticals. Consulting firms BCG, Capgemini, Cognizant, Deloitte, EY, KPMG and PwC made an average four offers each.

Mumbai based NMIMS said the trend was favourable this year and a higher number of companies would be participating in its summer placement process. The institute plans to host over 150 companies this time.