FMS witnessed 52% rise in summer Stipend
Faculty of Management Studies (FMS) is one of the most prestigious institutes in the country. It has proved its worth all over again as it has witnessed unprecedented rise of 52% in the average summer internships package. It rose from Rs 65,000 last year to Rs 1, 29,000 this year for two months. 
However, the highest package offered remained the same as the previous year at Rs 2, 50,000 for two months. Avendus Capital is a leading investment bank, which has made the highest offers this year as well. Offers were made across the 15 sectors with the maximum number of students and 41% has opted for marketing functions.
Finance sector secured the second place with a percentage of 33%. But students have not opted for multinationals and investment firms alone. Union Bank of India, ONGC and GAIL also recruited students from FMS. The department of financial services (ministry of finance) also recruited interns for projects related to financial regulatory environment in India.
Several new recruiters participated this year like L'Oreal, Nivea, Flipkart, Castrol and Royal Dutch Shell and all these new recruiters have made offers for marketing and business development roles.
Recruitment Figures:
| Total number of students | 226 |
| Opt Out | 3 |
| Companies confirmed their presence | 163 |
| Companies made offers | 89 |
| Average Stipend offered | 1.29 Lakhs |
Most of the companies were unable to make offers because many students were placed before other companies could recruit them. Once students are placed in one firm, they are not allowed to apply for the other firm.
Source: Richha Bhatnagar (Shiksha Team)
