Amid clear signs of a market slowdown, the average stipend for the internship period at Delhi University’s Faculty of Management Studies (FMS) witnessed an impressive increase of 52% over the last year to R1.29 lakh.
The MBA batch of 2013, which had a strength of 226, saw 89 companies coming for summer internships. Sector-wise, almost 27% each of the offers came from the BFSI and consumer goods sectors, while function-wise, 41% of the students got offers in marketing and 33% in finance.
?Almost one-third of the batch showed preference for the finance profile across various roles. Front-end investment banking, private equity, venture capital, treasury and markets roles were some of the most preferred ones in the financial domain,? said Gajendra Mohan of the FMS’ placement committee.
The summer placement process began in mid-October and lasted six days.
Consulting domain attracted about one-sixth of the current batch for the summer internship. Accenture Management Consulting, Deloitte Consulting (Strategy and Operations), KPMG, TAS, Mahindra and Mahindra, Capgemini, Corporate Executive Board and TCS were some of the major firms that recruited students for general management and strategy consulting roles.
Olam International recruited from FMS for its international role. Companies like Aircel, Godrej and Wipro also recruited students for roles in strategy consulting.
First-time recruiters included NM Rothschild, L?Oreal, Nivea, Flipkart, Castrol and Royal Dutch.
?Amid concerns about recession and increase in the current MBA batch size, FMS has been successful in attracting larger number of companies across all verticals for summer placements this year, in comparison to the past years,? said Mala Sinha, placement advisor, FMS, Delhi.