The summer placement process across business school in India has been soaring high. It has seen an increase in the number of companies visiting the campus. The average pay package for the internship across the spectrum of top Business School in India has also propelled according to reports.
On average, there has been a 15 per cent rise in the number of companies visiting the campus while the stipends saw a 20 per cent increase. Despite current lukewarm economic conditions in India and rumours of companies rolling back on their commitment to hiring interns, the summer placement process in business school in India are showing green shoots.
Summer placements are the internship process that students of business school participate in April-May of the next year. These internships are very important because if performed well then there are chances of getting hired in the same company.
The Indian Institutes of Management (IIMs), as well as the other business school in India, have seen a nice up boost as far as the summer placements are concerned.
In IIM Ahmedabad during the first cluster of the summer placement process saw around 70 firms participating. With 23 offers, The Boston Consulting Group was the top recruiter. In the consulting domain, other prominent recruiters included A. T. Kearney, Accenture Strategy, Alvarez & Marsal, Bain & Company, Deloitte USI, GEP Consulting, KPMG, McKinsey & Company, Roland Berger and Strategy.
Major recruiters in the investment banking and markets space included Arpwood Capital, Avendus Capital, Bank of America Merrill Lynch (India and Hong-Kong), Citibank, Credit Suisse (Singapore and India), Goldman Sachs, JP Morgan, HSBC, Moelis, Morgan Stanley and Nomura Singapore.
With 8 offers HSBC was the biggest recruiter in investment banking and markets. In the second batch of the summer placements, IIM-Ahmedabad witnessed about 50 firms participating in the process. HUL was the top recruiter with 14 offers.
The top recruiter in the advertising and media cohort was GroupM with four offers. With seven offers Samsung Electronics was the highest recruiter in the consumer electronics cohort.
The Consumer goods cohort included recruiters like AB InBev, Coca-Cola, General Mills, HUL, ITC, Kimberly Clark, Mondelez, Nestle, P&G, Reckitt Benckiser, Saint Gobain and Wipro Consumer Care amongst others.
Colgate Palmolive and Dabur constituted as the new recruiters. After HUL, the recruiter with the highest offers in the consumer goods space was Mondelez with six offers.
The general management and leadership process saw great participation from recruiters like Aditya Birla Group, C K Birla Group, Mahindra Group, Reliance India, RPG Group and TAS. In the Retail B2B & B2C space, IIM-Ahemdabad was visited by firms like Amazon, Cloudtail, Flipkart and Udaan.
Although with 9 offers Amazon was the top recruiter here. The third cluster will be conducted on November 7. The expected stipends for the two-month internship generally range-in between Rs 1 lakh to as high as Rs 6 lakh across the business schools in India.
For the batch consisting of 361 students, at XLRI- Xavier School of Management, the summer internship placement process (SIP) was completed just within two days.
86 recruiters, including 11 first-time recruiters were among the participants in the 2019 summer internship process at XLRI. There was also an increase in the average stipend to 1.20 lakh per month from Rs. 1.07 lakh per month in 2018. In the tuff the highest stipend offered was Rs. 2.5 lakh per month in the BFSI sector.
Bain & Co., Amazon, NIIF, PhonePe, Udaan, Shell, Diageo, Ola, Adani, Rupeek were among some of the firms that participated for the first time
According to sources, the big fish Amazon has made the highest number of offers among the regular recruiters such as The Boston Consulting Group, Microsoft, P&G, Aditya Birla Group, ITC, Nestle, Hindustan Unilever, Mondelez, Mahindra & Mahindra, Citibank and others.
Many other business school in India are in the process of completing their summer placement process. The rush for the final placements will begin as soon as the process ends.