Management institute XLRI saw an average stipend of Rs 123,000 for its summer placements

BANGALORE: Management institute XLRI school of Business and Human Resources summer placements saw an average stipend of Rs 123,000 for the internship period and the median was Rs 100,000. Around 77 recruiters picked up the batch of 240 within four days. Microsoft, ITC, Standard Chartered, Aditya Birla Group and Tata Motors were some of the largest recruiters.

On the domestic front a private investment bank offered the highest stipend for Mumbai post and amongst international placements, a pharmaceutical firm gave Rs 500,000 for a leadership role in Switzerland.

International placements saw a rise with assignments to foreign desks offered by investment banks, FMCG firms and others like Novartis, Unilever Limited, Procter & Gamble, Kraft Cadbury, Pepsico and Wipro.

Maximum offers taken up were of companies in the FMCG sector closely followed by the BFSI and consulting industry. Asian Paints, Castrol, Coca Cola, Colgate Palmolive, Dabur, GSK Consumer Healthcare, Heinz, Johnson & Johnson Consumer Healthcare were some of the companies from the FMCG sector.