An IIM Udaipur student receives a summer job that pays ₹2.5 lakh

• Indian Institute of Management, Udaipur concluded its summer placements offering internship opportunities to 283 management students at an average stipend of ₹85,060 for two months.
  
• Nearly 31 students bagged international offers. While the highest stipend came from an FMCG company at ₹2.5 lakh.
  
• The highest number of offers were made for sales & marketing roles followed by finance, operations, analytics, and HR.

Indian Institute of Management Udaipur concluded its summer placements offering internship opportunities to 283 management students. The average stipend of ₹85,060 for two months is a 37% increase from last year.

This includes both domestic and international internships.

At IIM Udaipur, 31 students bagged international offers — a massive 138% increase compared to last year. The highest stipend came from an FMCG company, at ₹2.5 lakh.

“IIM Udaipur is committed to offering a transformational learning experience to our students. Our strong placement record is a demonstration of the trust that the corporates have placed in our high academic standards,” said Professor Janat Shah, director at IIM Udaipur.

As many as 77 companies — including 39 first time recruiters — visited the campus this year to hire interns. This includes multinationals such as Baker Hughes, Edelweiss, Ernst & Young, Gartner and the Royal Bank of Scotland. The students also bagged summer placements for investment banking roles at Goldman Sachs.

The increasing demand indicates how the recruiters are now banking on internships and training to assess potential candidates. The highest number of offers were made for sales and marketing roles followed by finance, operations, analytics, and HR.

Management graduates from top business schools such as Management Development Institute, Gurgaon, Tata Institute of Social Sciences (TISS), Mumbai, Indian Institute of Management (IIM), Kozhikode also saw a rise in the number of internships and average stipend as compared to last year.

Management Development Institute, Gurgaon saw a 10% rise in average stipend at ₹231,000 for two-months. The stipend at IIM Kozhikode however saw a sight dip to ₹168,000 compared to 171,000 last year at.

Overall, it has been a good year for India’s B-school pass outs. On domestic job roles, the highest offer extended was at ₹2.7 lakh.

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