SIBM Pune wraps its summer placement with the highest stipend of INR 3 Lakh!

SIBM Pune has marked the successful completion of its summer placement - the Summer Internship Recruitment Programme 2020 for the MBA Flagship and MBA Leadership & Strategy batch 2020-22. The institute's strong student-driven culture, structured academic rigor, and firm corporate engagement model have ensured the continued patron of recruiters. 

The Summer Internship Recruitment Programme this year witnessed 200+ offers with a paycheck of above 1.5 lakh for 130+ offers and above 2 lakh for 80+ offers. Major highlights of the SIBM Pune summer placement 2020:

• The highest stipend for the two-month internship period: INR 3 lakh
• The average stipend for the two-month internship period: INR 1.97 lakh
• Median stipend for the two-month internship period: INR 1.91 lakh
• Increase in number of companies: 49%
• The average stipend for females: 2.08 lakh
• The average stipend for males: 1.92 lakh

Prominent recruiters 

The stellar performance is a testimony to the high-quality talent pool reinforcing the trust of the corporates towards brand SIBM Pune. Over 100 organizations across the Automobile & Manufacturing, BFSI, Consulting, FMCG/FMCD, Healthcare & Pharmaceuticals, Information Technology, Retail, and Telecom sectors participated in the process. 

Many legacy recruiters including Abbott India, Godrej Industries Limited and Associate Companies, Asian Paints, Aviva Life Insurance Company, GlaxoSmithKline Consumer Healthcare, ICICI Bank, Bajaj Auto, Cisco Systems, JPMorgan Chase & Co., Mahindra & Mahindra,  Dabur, ITC, Marico, Procter & Gamble, Tata Consumer Products Limited, Nestlé, Pidilite Industries, and Tata Steel continued to show their faith in the students of SIBM Pune. 

Not only this, a bevy of new recruiters like General Mills, FieldFresh Foods, Lubrizol India, McKinsey & Company, OYO, Puma, Reserve Bank of India, Natures Basket, Optum - UnitedHealth Group, and UltraTech Cement, among others initiated new associations by acknowledging the potential of the students.

To gain insights into the placement reports of other prestigious B-Schools, read:

• MDI Gurgaon placements concluded for the class of 2021, top salary package stood at INR 44 lakhs!I
• IIM Calcutta placements 2021 conclude with 520 offers for 467 students
• IM Udaipur completes summer placements 2021; highest stipend increases by 20%
• FMS final placements 2021 recorded the highest package of INR 58.8 lakh!
• Average CTC exceeds 20 LPA at IIM Kozhikode final placement 2021