XLRI: In demand

Jamshedpur, Nov. 11: The four-day summer internship programme of XLRI School of Business and Human Resources concluded on a successful note yesterday.

Premier companies vied with each other to select 180 first-year students, both from the business management and personnel management and industrial relations courses. The students would take up projects in the companies in April-June next year.

Two students from business management sealed deals with JPMorgan Chase, which offered the highest domestic stipend of Rs 2 lakh, followed by Yahoo! and Hay Group, offering Rs 90,000 each.

Six offers of overseas companies, including Novartis in Switzerland and Muscat Finance, were also accepted. Novartis offered a stipend of US$10,000.

Chairperson (placements), Uday Damodaran said: “Summer placements this year have reinforced XLRI’s image as one of the top B-schools across all domains.”

XLRI director Fr N. Casimir Raj said there was a significant rise in the domestic stipend this year as compared to last year. In 2005, the highest domestic stipend offered was Rs 40,000.

The banking, finance and insurance sectors saw a sharp increase in the number of first time recruiters such as American Express, Deutsche Bank, Goldman Sachs Equity Research, Lehman Brothers and Rabo Bank along with regular recruiters like Citi Bank, Edelweiss Capital, HSBC, ICICI Prudential, Standard Chartered and UTI Bank.

About 25 per cent of the students opted for internship in the finance sector.