XLRI Summer Internship Placements 2023: Average stipend stood at INR 2.35 LPM

XLRI achieved average and median stipends of INR 1.41 lakhs per month (LPM) and INR 1.5 LPM respectively. The highest stipend stood at INR 3.5 LPM from the BFSI sector.

XLRI Placements 2023: XLRI - Xavier School of Management has successfully achieved 100% placements for the batch of 2023-25 for its flagship two-year programmes - Postgraduate Diploma in Human Resource Management and Postgraduate Diploma in Business Management.

The largest batch in the Institute’s history, comprising 591 students across the Jamshedpur and Delhi-NCR campus participated, secured 604 offers during the process from 139 firms, including 63 new recruiters, across Consulting, Finance, Sales & Marketing, General Management, Product Management, Operations, Analytics and Human Resources, among other roles.

XLRI achieved average and median stipends of INR 1.41 lakhs per month (LPM) and INR 1.5 LPM respectively. The highest stipend stood at INR 3.5 LPM from the BFSI sector.

The average stipend for the top 5 percent, top 10 percent, top 25 percent & top 50 percent stood at INR 2.35 LPM, INR 2.27 LPM, INR 2.12 LPM & INR 1.86 LPM respectively. 84% of all the offers secured will draw a stipend of at least INR 1 LPM, with 52% drawing at least INR 1.5 LPM.

Key Highlights of XLRI Summer Placements 2023:

• The median stipend offered to the batch stood at INR 1.5 lakhs per month with the top 10th and 25th percentile average being INR 2.27 LPM and INR 2.12 LPM, respectively.
• The top domains based on the roles offered were FMCG, Management & Advisory Consulting and BFSI.
• Accenture Strategy, Amazon, Asian Paints, Bajaj Auto, Boston Consulting Group, HDFC Bank, HUL, ICICI Bank, Ola Cabs, Procter & Gamble and Tata Steel made the highest number of offers among the recruiters.
• Highest offer (domestic) at INR 3.5 lakhs per month by JPMC from the BFSI sector.
• of new recruiters: 63
• New recruiters to the SIP process included BMW, Castrol, CK Birla, Deutsche Bank, Diageo, Daimler, HDFC Bank, JM Financial, L'oreal, Myntra, NIIF, NK Securities, Ola Cabs, Pharmarack, Pine Labs, Redseer Consulting, Shell, Texas Instruments, Vector Consulting, Yes Bank and Zomato among others.

Fr. S George S.J, Director XLRI - Xavier School of Management, stated, "The summer placement season for our Platinum Jubilee year has been a resounding success, even in the face of challenging global economic conditions. The achievements this season, especially for the largest-ever batch across both campuses, reflect the unwavering commitment and talent of our students. We extend our heartfelt gratitude to all our esteemed recruiters for their continued faith in the XLRI institutional brand."

Professor A Kanagaraj, Chair of Placement Affairs XLRI, further emphasized, "This year's spectacular placements testify to the exceptional diversity and quality of talent within XLRI. An impressive number of first-time recruiters participated, delivering outstanding results. We are profoundly grateful to all our recruiting partners for their unwavering support and trust in XLRI and our students."

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