XLRIs summer placement: the beat is back again in campus

Jamshedpur | Updated: Nov 29 2004, 05:30am hrs
If summer placements are any indication, it is the FMCG sector which is eagerly looking for candidates from B-schools at this point of time. The brisk summer placement of XLRIs batch of 2006 (189 students) for the two-month summer internship ahead (2005) also indicated that not only was the economy doing well but almost all sectors, including the IT/IT-enabled sector, banking & financial sector, the core sector, consulting firms etc, were vying for B-school candidates. Many corporates offer final placements at the end of the term to candidates who undergo summer internships with them.

According to XLRI director Fr N Casimir Raj, as many as 50 students of the its 2005 batch of 180 students (who underwent summer internships in 2004) have already received pre-placement offers from companies, with HLL offering pre-placements to all the six candidates who spent last summer with it.

At the recently-concluded summer placement programme at XLRI, companies in the FMCG sector ranging from Asian Paints, Cadbury, Coke, Castrol, Colgate-Palmolive, Gillette, Godrej, HLL, ICI, ITC, Pepsi, Reckitt Benckiser, Seagrams and Titan together picked up as many as 54 students, constituting 30% of XLRIs 189 students for summer internship.

While HLL picked up 11 students, ITC and Gillette took seven and six, respectively. Company-wise, IBM was the biggest recruiter picking up 13 candidates, followed closely by HLL and ICICI Bank with whom 11 candidates each signed up to spend two summer months of 2005; BPCL came a close third with nine students.

IT/IT-enabled services sector accounted for 22% of the batch, with 37 accepting offers from companies like Cognizant Technology Solutions, EXL Services, IBM, NSE-IT, TCS, Texas Instruments, WeP and Wipro. Core sector companies like the Murugappa Group, TAS, Aditya Birla Group, Shree Cements and Tata Motors followed the IT sector closely by picking up as many as 36 students, with the first three picking up 13 among themselves.

Consulting firms including Accenture, Ernst & Young, Hay Group, Hewitt, Mercer and PwC too showed an impressive intake, registering a rise of 67% compared to last year.

Going by the purse, however, it was the first-time participant, international consulting Hay Group which offered a stipend of Rs 32,000 per month for the two months while the average stipend on the campus ranged between Rs 15,000 and Rs 20,000 per month. As much as 19% of the batch was picked up by banks and financial institutions (FIs) which included ICICI Bank, GE, Citibank, ABN Amro, AIG, SBI, UTI Bank and Standard Chartered, among others.

Completing summer placements with 45 companies for all its 126 business management and 63 personnel management & industrial relations students of its batch of 2006, XLRI, according to placement co-ordinator Sabyasachi Sengupta, has been the only B-school to have been so successful till now this year.