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The Average Summer Internship Stipend at BITSoM Rises 33% to Rs 2 lakh

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The average summer internship stipend at BITSoM rises 33% to Rs 2 lakh
The average summer internship stipend at BITSoM rises 33% to Rs 2 lakh

BITS School of Management (BITSoM)

The results of the summer internship placement process for the second batch of MBA 2022–24 have been released by BITS School of Management (BITSoM). According to a formal statement, students received internship offers from businesses across several industries worth between Rs 1.50 lakh and Rs 2 lakh.

The statement states that the median stipend increased by 33%. The average for the top 30% of the class went from Rs 2.62 lakh to Rs 3.12 lakh, an increase of 19%. The average stipend increased by 18%, from Rs 2.29 lakh to Rs 2.70 lakh. The highest stipend awarded for the class of 2024 was Rs. 4.75 lakh, compared to Rs. 3.2 lakh for the 2023 class. The placement average for the students was Rs. 2.02 lakh.

More than 60 organisations are alleged to have taken part in the hiring over the past two placement cycles. A number of consulting firms, including Bain & Co., BCG, Arthur D. Little, PwC, Kearney, and EY. Numerous BFSI firms, including ICICI Bank, Yes Bank, Cervin, Merisis Advisors, Steer Advisors, Eight Capital, and Avista, made offers.

Sicomoro Advisors, ICICI Pru AMC, and advisory. Unilever, Pidilite, Bajaj Consumers, Nestle, Signify, Vodafone Idea, Redbull, and Aditya Birla are further companies that made offers. This year, the business school also attracted cutting-edge businesses like Fan Play IOT and Tiger Analytics.

In addition, the press release note that 46 organisations had taken part in the school’s summer internship programme, which is almost over. The institution is attempting to place a few people in specialised positions. From April to May 2022, students will join their respective organisations for internships.

It’s unusual for a school to draw so many aspirational consulting, financial, and consumer goods startups in its second year. This early accomplishment confirms our conviction that our partners believe in the calibre of the education that BITSOM offers. Ranjan Banerjee, dean of BITSOM, stated that the increase in stipends “suggests that BITSOM is on a strong upward trend.”

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