BITSoM’s median summer internship stipend increases to Rs 2 lakhs, up by 33%

BITSoM, thenew-age business school in Powai, Mumbai announced summer internship placement outcomes for its secondbatch (MBA 2022-24). The school saw an increase in median stipend from INR1.50lakhs to INR2lakhs, with students bagging internship opportunities from leading companies across various industries.

The placement attracted prominent consulting companies like Bain & Co., BCG, Kearney, EY, Arthur D Little, and PwC. Many companies from the BFSI sector made offers, including ICICI Bank, Yes Bank, Cervin, Merisis Advisors, Steer Advisors, Eight Capital, Avista Advisory, ICICI Pru AMC andSicomoro Advisors. Other prominent organisations that made offers include Unilever, Pidilite, Bajaj Consumers, Nestle, Signify, Vodafone Idea, Redbull, Aditya Birla Group, More Retail, Optum Global,Media.net, TTEC, and Big Basket among others. The B-school also attracted new-age companies like Fan Play IOT and Tiger Analytics this year.Over the last two summer internship placements cycles, more than 60 companies have participated.

With the school nearing the completion of its summer internship process, 46 organisations have participated till date in the summer internship process for the class of 131 students. The school is working on placing a few students for niche roles. Students will join their respective organisations for internships from April to May 2022.

The median stipend increased by 33% from Rs 1.50 lakhs to Rs 2.00 lakhs. The average for the top thirty percent of the class increased from Rs 2.62 lakhs to Rs 3.12 lakhs (up by 19%). The top half of the class saw an increase in average stipend from Rs 2.29 lakhs to Rs 2.70 lakhs (up by 18%). The highest stipend offered is Rs 4.75 lakhs for the class of 2024 against Rs 3.2 lakhs for the class of 2023. The average for the students placed stands at Rs 2.02 lakhs.

Commenting on the placement process, Dr Ranjan Banerjee, Dean BITSoM said, “We congratulate our students on their performance. It is quite rare for a school in its second year to attract so many aspirational consulting, finance and consumer product companies. This early success is testament to the belief that our partners have in the quality of education that BITSoM is providing. The impressive growth in stipends suggests that BITSoM is on a strong upward trajectory. The good news is that we are just getting started.”

BITS School of Management, BITSoM is a new-age global business school under the aegis of BITS Pilani. Located in India’s business capital, Mumbai, BITSoM is inspired by the spirit of excellence and entrepreneurial culture that BITS Pilani has nurtured over five decades. Building on this legacy, BITSoM offers a new age MBA programme with a future-ready curriculum and a transformative experience that will prepare students to be lifelong learners and thrive in an ever-changing business landscape. With a faculty hand-picked from among the best business schools across the world, BITSoM is a school for business and life that aims to bring out the best in the next generation of leaders.