Seems like Financial Services companies and Consulting companies are laying out the red carpet for the batch that'll be graduating 10 years after ours :-)
Seeing the summer internship stipends they are being paid one wishes that one could do five such internships in a year ;-)) as a consulting assignment. Life would be so uncomplicated then !
On a serious note, it shows how organizations are taking the battle from the final recruitment process to the summer internship process.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers.
Look at it this way, think about the internship process as a two month long interview process during which the organization and the prospective employee evaluate each other.
The money being paid is just the cost to cut through the clutter.
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