The process of summer placement at a business school in India has been high. He has seen an increase in the number of companies visiting the campus. According to reports, the average internship payment package across the full range of India’s best business schools has also increased.
On average, the number of companies visiting the campus increased by 15 percent and scholarships increased by 20 percent. Despite the current economic conditions in India and rumors that companies are abandoning their commitment to hire interns, the process of summer admission to a business school in India is showing green sprouts.
Summer internships are an internship process in which business school students participate in April-May next year. These internships are very important because with good practice there is a chance to get a job in the same company.
Indian Institutes of Management (IIMs), as well as other business schools in India, have seen a good increase in terms of summer accommodation.
About 70 firms participated in the IIM Ahmedabad during the first cluster of the summer placement process. Of the 23 proposals, The Boston Consulting Group was the best recruiter. Other well-known recruiters in the field of consulting included AT Kearney, Accenture Strategy, Alvarez & Marsal, Bain & Company, Deloitte USI, GEP Consulting, KPMG, McKinsey & Company, Roland Berger and Strategy.
Major recruiters in investment banking and markets 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 largest recruiter in investment banking and markets. In the second batch of summer placements IIM-Ahmedabad witnessed about 50 firms involved in the process. HUL was the best recruiter with 14 offers.
The best recruiter in the cohort of advertising and media was GroupM with four proposals. With seven offers Samsung Electronics was the top recruiter in the cohort of consumer electronics.
The consumer goods cohort included recruiters such as AB InBev, Coca-Cola, General Mills, HUL, ITC, Kimberly Clark, Mondelez, Nestle, P&G, Reckitt Benckiser, Saint Gobain and Wipro Consumer Care, among others.
Colgate Palmolive and Dabur became new recruiters. After HUL, Mondelez became the top consumer in the field of consumer goods with six proposals.
Recruiters such as Aditya Birla Group, CK Birla Group, Mahindra Group, Reliance India, RPG Group and TAS were actively involved in the overall management and leadership process. In the field of B2B and B2C Retail IIM-Ahemdabad visited companies such as Amazon, Cloudtail, Flipkart and Udaan.
Although with 9 offers Amazon was here the main recruiters. The third cluster will be held on November 7. Expected scholarships for a two-month internship typically range from Rs 1 lakh to Rs 6 lakh in Indian business schools.
For a group of 361 students, the XLRI-Xavier School of Management completed the summer internship placement (SIP) process in just two days.
Among the participants in the 2019 summer internship at XLRI were 86 recruiters, including 11 recruiters. There was also an increase in the average stipend to 1.20 lakhs per month from Rs. 1.07 lakhs per month in 2018. In tuff, the highest scholarship offered was Rs. 2.5 lakhs 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, big fish Amazon has made the most offers among 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 schools in India are in the process of completing their summer placement process. The rush for the final placement will begin as soon as the process is over.