IIT-JEE Admissions 2020-21

IIT-JEE Admissions 2020-21

Highest stipend for IIT-B's interns up 40% this summer

PUBLISH DATE 17th March 2017

The highest stipend for summer placement at IITBombay's Shailesh J Mehta School of Management witnessed a 40% jump compared to last year and the average stipend saw a 27% rise. On an average, the batch received Rs1.19 lakh and the top stipend received was Rs 2.80 lakh.

Around 40 companies participated and about 29% of students were hired by companies from the FMCG sector, including Asian Paints, Colgate-Pal molive, Johnson & Johnson, P&G, etc. The consultinginformation technology sector, which hired gave offers to 22% of the batch. Manufacturing and the banking, financial services and insurance (BFSI) sector stood third and fourth respectively followed by healthcare and other sectors.

ConsultingIT majors like Accenture, Capgemini, Tata Motors and Wipro offered roles in procurement consulting and technology consulting. Profiles in operations and marketing were offered by manufacturing firms like Whirlpool, Tata Motors. Firms in BFSI -Goldman Sachs, ICICI, YES Bank -offered roles in investment management, relationship banking, risk management. New firms visiting the school -Boehringer Ingelheim, Ocwen Financial Services, Pidilite, United Health Group and Whirlpool offered roles in general management, sales & marketing.