mumbai new delhi more than 50 companies have lined up to offer jobs but theres no one left in line thats the predicament kanwal kapil found himself in last weekend just twoanda half days after summer placements began at gurgaons management development institute companies have been so upbeat on hiring that this was waiting to happen said kapil in charge of placements at the business school by noon on the third day all our students had been placed for the human resource programme it was over on the first day itself we had to send back the companies slotted over the next couple of days a similar scenario is playing out at other leading business schools these include the indian institute of management iim kozhikode xlri jamshedpur and the indian institute of foreign trade iift in delhi as recruiters bullish about business prospects have rushed to snap up the best interns leading the rush are investment banks ecommerce companies and consumer goods makers pointing to strong optimism about the chances of a growth revival with india seen maintaining its position as the worlds fastestgrowing major economy with the surge in offers placements have closed in record time between three and seven days along with this stipends have also soared by 2050 at the top end jp morgan chase is paying as much as rs 5 lakh at xlri jamshedpur for a twomonth internship boston consulting group and reckitt benckiser are paying rs 3 lakh each at iimkozhikode and mdi gurgaon respectively morgan stanley is paying rs 4 lakh at faculty of management studies fms delhi at iift average stipends are up 30 from last year most companies across sectors have hiked stipends said rajul mangal placement committee member at iimkozhikode goldman sachs and american express have both increased stipends to rs 2 lakh from rs 15 lakh for two months sources said hindustan cocacola beverages has raised it to rs 15 lakh from rs 75000 and tata steel to rs 1 lakh fromrs 50000 loreal is paying rs 16 lakh up from rs 12 lakh and arvind lifestyle is paying rs 1 lakh versusrs 70000 last year companies are also making more offers than last year microsoft rpg american express jp morgan chase and deutsche bank have all made 60100 more offers at iimkozhikode accenture strategy hired 12 interns at fms delhi the highest ever asian paints has hired three times last years numbers and hindustan unilever twoandahalf times last year as our organisation scales up rapidly and campus hiring grows in sync summer placements are increasingly becoming our preferred hiring route its a winwin situation for both the student and the company as they can gauge each other we will be making at least 30 more offers this time said suresh subudhi partner and director bcg india the top consulting firm has reached out to newer campuses such as mdi this year last year about 80 of summer interns were offered preplacement offers by the firm