Summer placements shine at B-schools

DREAM JOB: This year XLRI recorded its highest domestic stipend of Rs 5 lakh.

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Keywords: Manufacturing Firms, Consulting Firms

Mumbai: The good summer placement record this year has not just stopped with IIMs. Students at Xavier Labour Relations Institute (XLRI) have had more variety than ever to choose from.

Twenty seven per cent of its class took offers with investment banks; 21 per cent joined consulting firms and 37 per cent students have signed offers from FMCG and manufacturing firms.

At Faculty of Management Studies (FMS), international offers have increased 400 per cent over last year.

Companies such as Hindustan Unilever, Procter and Gamble and Coca-Cola have offered students finance profiles this year.

That's besides the sales and marketing profiles they already offer. So 29 per cent of the class opted for finance profiles with FMCG majors. Stipends are also on the rise.

This year XLRI recorded its highest domestic stipend of Rs 5 lakh being offered by Lehman Brothers.

At Jamnalal Bajaj Institute (JBIMS) the highest stipend has touched Rs one-lakh mark, that's a 67 per cent jump from last year.

JBIMS placement committee member Sanket Goyel says, “We have 10 per cent students taking up international offers for the first time. Jamnalal Bajaj, which has always had a finance stronghold have this year, received maximum offers from the FMCG Majors like HUL, Nestle, Colgate and others and 21 per cent of the batch have chosen these offers. “

It's not surprising that international offers have increased this year.

That's because investment banks such as Goldman Sachs, JP Morgan and Merrill Lynch set up shop in India a few years ago and the demand for manpower has increased.