The entire batch of 44 students secured a fully paid summer internship in its first year of operations at IIM Ranchi. The 8th in the IIM pool, received a total of 51 offers which were made by 24 companies. Job profiles included financial consulting, strategy, hospitality management, IT consulting, statistics, economic research apart from the regular profiles such as sales & marketing, corporate banking, operations and HR.
Sales & Marketing was the most preferred area on campus with 31.82% offers while finance roles were second with 29.54% offers. And 11.36% and 13.64% offers were made in operations and consulting respectively.
A multi-national market research company offered international summer internships to two students in Singapore and Malaysia. The highest stipend offered was Rs. 160,000. The average stipend offered to the batch of 44 students was close to Rs. 55,000 for two months. There were some niche profiles too. The role of financial markets analyst by CNBC Group was offered solely at IIM Ranchi. A market leader in its segment offered a strategy role at the Marketing Directors desk of the company. IIM Ranchi was among the few IIMs to have interns working in the marketing division of Nokia.
Sector wise break-up of companies:
Banking & Finance: HSBC, Standard Chartered Bank, CNBC Group, ICICI Bank, Yes Bank, L&T; Finance, Clearing Corporation of India
Consulting: Ernst & Young, Pricewaterhouse Coopers, Wipro Consulting, Index Advisory, Asclepius Consulting
Sales & Marketing: Nokia, Vodafone, Wrigley, Dabur, HT Media, Hindustan Pencils, Exide.
Others: Boston Scientific, Oberoi Group, Logica Worldwide, Maruti