Summer placements: At Rs 5 lakh, MICA records highest stipend for 2-month internship

As per details shared by MICA, portion FMCG assemblage emerged arsenic the apical recruiter, offering the highest stipend of Rs 5 lakh — an summation from past year’s Rs 4.55 lakh — the placement process besides witnessed a emergence successful mean stipends, expanding by 4.5 per cent to Rs 1,58,600. All stipends are for two-month internships.

The apical 25 students secured an mean stipend of Rs 4,20,072 against Rs 3,63,800 past year, portion the apical 50 received an mean stipend of Rs 3,48,368, up from Rs 3,01,820. The median stipend besides saw an increase, reaching Rs 1,22,000 compared to past year’s Rs 1,20,000 .

The existent cohort includes 31 per cent engineers, 20 per cent from arts and design, 19 per cent commerce graduates, and 17 per cent from absorption backgrounds.

Significant recruiters included Google India, Accenture S&C, CK Birla, Flipkart, IBM, Hindustan Unilever, ITC, Master Cards, L’Oréal, Nivea, PUMA India, The Coca-Cola Company, Titan Company Limited, Infoedge, Sentisum and HSBC.

Jaya Deshmukh, Director and CEO of MICA, said, “The accrued stipend reflects the increasing request for MICA endowment and underscores our committedness to delivering a robust, industry-relevant program that nurtures aboriginal leaders and problem-solvers successful communications, marketing, and strategy.”

“The request for summertime hires has remained beardown crossed sectors this year, with peculiarly affirmative traction successful FMCG, IT/ITES, BFSI, and consulting,” said Indranil Banerjee, Head of Corporate and Alumni Relations astatine MICA.

“Companies successful these domains person demonstrated accrued assurance successful MICA’s talent. The mean stipend has besides seen a 5 per cent emergence compared to past year, reaffirming the industry’s spot successful the quality, preparedness, and expertise of our students”, helium added.

FMCG, IT/ITES, BFSI, and consulting firms person been among the highest recruiters, reflecting the displacement toward data-driven marketing, integer transformation, and customer-centric strategies. This year, the internship roles spanned crossed divers domains similar income and marketing, analytics, strategy, sports marketing, media procurement, e-commerce, firm communications, merchandise management, D2C merchandise selling and galore more.