This year Management Development Institute (MDI) students have noticed a record hike in their summer placement session. 67 companies have participated so far and many more are expected to join and 200 first year students were placed in these companies. This year, students are getting better offers as compared to previous years. The highest stipend has been recorded as Rs. 1.5 lakh for two months with an average stipend reaching upto Rs. 60,000, which is 50% higher as compared to last year. Apart from the regular recruiters, MDI registered many new companies like Juniper Capital, Daimler, Religare Group, L&T Group, Idea, Aditya Birla Fashion & Lifestyle, Keane, etc. This year, students received offers in large number from Standard Chartered, Tata Sons, Goldman Sachs, JPMC, Asian Paints, RPG, Tata Motors, and Makemytrip etc
XLRI has successfully completed its summer placement process which lasted 5 days. XLRI students got 100% internship offers across all sectors. The session recorded a good placement session as 240 students received 307 offers. This time, 103 companies participated in the placement session and out of them 73 companies made offers to students. The average stipend recorded a 26% hike over last year, which was Rs. 1,12,000. The session saw participation of top investment banks like JP Morgan, Standard Chartered Bank, Citibank, Goldman Sachs, NM Rothschild, Development Bank of Singapore and Deutsche Bank that recruited for their Mumbai desks and international operations.
Three IIM-Calcutta students have got stipend of Rs. 12.5 lakh each for two-month internship with a Singapore investment bank, symbolizing revival in global corporate deal activity. They are hoping for a good final placement season in Indian Business Schools. Out of 289 IIM-C students, 60 interns got international offers in South-East Asia, US, UK and mainland Europe. Up to 42% of students interned in finance-related roles, while 37% opted for marketing, 13% for consulting and the remaining for general management roles.