INSUBCONTINENT EXCLUSIVE:
Seen as a precursor to final placements, summer internship placements at top business schools (B-schools) in India this year have
witnessed a healthy rise in stipends being offered to students.
With over 140 firms participating in the summer internship placement
process at the Indian Institute of Management (IIM)-Indore, the B-school witnessed a 50 per cent increase over the highest stipend amount
secured by its students last year, to Rs 6 lakh for two months
stipend offered stood at Rs 6.47 lakh, while the mean stipend was Rs 2.5 lakh at the conclusion of its summer internship recruitment drive
recorded the highest ever average stipend at Rs 3.02 lakh for two months for the batch of 2022-24; the highest stipend was Rs 4.4
lakh.
Summer placements for the 2022-24 batch of PGP and PGP-ABM at IIM Lucknow, too, were good, with the highest-ever average and median
stipends of Rs 1.41 lakh per month and Rs 1.50 lakh per month respectively
The best offering was Rs 3.50 lakh a month
The institute secured 100 per cent placement for the largest batch in its 38-year history, securing 570 offers for 566 students
We ensure that pre-placement offers are given out to the most deserving ones
We are increasingly taking this approach of making such offers to the best among interns."
Sector-wise, consulting continued to rule the
roost, followed by financial services, IT, and sales - marketing.
At FMS Delhi, consulting - strategy domains of major recruiters like
Accenture Strategy, Bain - Co., BCG, Ernst - Young, Kearney, KPMG, McKinsey - Company, PricewaterhouseCoopers, Redseer Consulting, and
Synergy Consulting roped in 29 per cent of students, followed by sales - marketing (26 per cent), product management - analytics (17 per
cent), BFSI (15 per cent), and general management (13 per cent).
Prominent firms offered consulting roles at IIM Indore, accounting for 25
These companies included Accenture Strategy - Consulting, Bain - Company, Boston Consulting Group, Deloitte India, EY India, KPMG, McKinsey
- Company, PwC India, PwC US Advisory, Redseer Consulting, and Synergy Consulting.
At IIM Indore, recruiters in the sales - marketing
domain, making 23 per cent of total offers, included AB InBev India, Aditya Birla Fashion - Retail Limited, Disney Star, Dr
Reddy's Laboratories, Google, Hindustan Unilever, ITC, PepsiCo, Procter - Gamble, Puma, Sony Pictures Networks, Tata Consumer Products, and
Finance came in at third -- 16 per cent of internship offers at the campus, led by recruiters like Citigroup, Credit Suisse, CRISIL, The D.E
Shaw Group, Deutsche Bank, HSBC, ICICI Bank, JPMorgan Chase - Co, Morgan Stanley, and YES Bank.
Commenting on summer internship
IIM-Indore looks forward to strengthening our industry engagement and delivering impact through socially conscious leaders, managers, and
The first cluster comprises five cohorts -- investment banking - markets, management consulting, niche consulting, cards and financial
advisory, and private equity, venture capital - asset management
From a pool of 60 firms participating in the first cluster, The Boston Consulting Group (BCG) was the top recruiter with 28 offers, followed
by Bain and Company with 23 offers at IIM Ahmedabad.
The summer internship placement season at IIM Kozhikode attracted participation from
122 recruiters offering internships to 541 students across many roles in consulting, finance, general management, IT - analytics, sales -
marketing, and operations - retail e-commerce with top recruiters from across the globe
Around 26 per cent of the offers were rolled out by the consulting cluster this season at IIM-Kozhikode, including those from Accenture
Strategy, Bain - Company, BCG, Deloitte, Everest Group, EY, EY-Parthenon, GEP, KPMG, PwC, and Synergy Consulting.
Sales - marketing
witnessed 24 per cent offers with an increase of 39 per cent in the average stipend from major recruiters, such as Asian Paints,
Astrazeneca, Bajaj Auto, Bajaj Consumer Care, BP Castrol, Coca Cola, Cipla, Dr
Tata Play, and Tata Steel.
This was followed by IT - analytics (13 per cent of total offers), and general management - operations (12 per
equity and fund management firms
pursuing excellence in all fields of engagement."
Private equity and fund management firms British International Investments, GEF Capital
Partners, Piramal Alternative, and The Rohatyn Group were among those that participated in the process
Other major highlights include the participation of leading companies like Disney Hotstar, Mercedes-Benz, and Sony Pictures Network India
for multiple roles in strategy, product management, and marketing.
The summer internship placement drive at IIM-Lucknow was successful
with more than 185 recruiters participating in the process "despite the current state of the economy", said Prem Prakash Dewani, chairman,
student affairs and placement, PGP at the B-school.
