XLRI, Jamshedpur Concludes its Summer Internship Recruitments with 100% Internship Offers for its Students

XLRI, Jamshedpur Concludes its Summer Internship Recruitments with 100% Internship Offers for its Students

XLRI School of Business and Human Resources, Jamshedpur has successfully concluded its Summer Internship Recruitments with 100% of its students being offered internship offers across geographies and sectors.

Given the fact that we are coming out of recessionary scenario, the performance was exemplary if this year's numbers are anything to go by. The batch size this year had undergone an increase to 240 from 180 students in BM and PMIR programmes till the previous year. The recruiters responded with an unprecedented 273 offers made to 240 students, an increase of 27.6% over the previous year. The number of recruiters that participated in SIP 2010 also increased to 81 from 74 last year. The average stipend this year was Rs. 89,000, an increase of 4.7% over the last year. The highest domestic stipend has also been incidentally from another investment bank for its Mumbai desk. The number of international offers has undergone an increase as well with students being offered international assignments by Investment Banks, FMCG majors and the big-wigs of the industry. The highest international offer was made by an investment bank for its trading desk in Hong Kong which stood in excess of Rs. 5,00000/-.

The finance sector was the top draw at XLRI similar to last year with 40% of the students opting for roles in the finance domain. This year saw the participation of top investment banks like JP Morgan, Goldman Sachs, NM Rothschild and Nomura Holdings that recruited for their Mumbai desks and international operations. The Indian investment banking industry was in full force with Lazard, Edelweiss capital and SBI Capital making their presence felt on campus. The Carlyle Group - the largest private equity player in the world recruited from XLRI exclusively again this year. Citi Group also offered roles in the investment banking space. The commercial banking sphere was filled by the participation of international majors like Deutsche Bank, Citibank, HSBC, Standard Chartered, ICICI Bank and Axis bank who offered roles across treasury, commercial and consumer banking services. Hindustan Unilever again offered roles in its prestigious Commercial division. This year also saw the exclusive participation of commodity exchanges like NCDEX and MCX in addition to Clearing Corporation of India (CCIL) which yet again offered niche roles in bond evaluation and commodity futures trading.

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Contributed by -
Gayathri Krishnan,
Secretary, External Linkages,
XLRI School of Business and Human Resources, Jamshedpur.

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