How are the placements for engineers with no work experience at the IIMs, FMS Delhi and XLRI?

The two most important factors considered by recruiters during Placements at IIM ABC/FMS/XLRI are

1. Brand of UG College - SRCC/Old IITs/BITS/CA
2. High Academics - University RankHolders, City Toppers in Boards, or at least Department Rank Holders with 8.5+ in Engineering. 

MBA scores are of much importance during Final Placements but are Not available during summer placement.

If you have passed the above criteria, you are most likely to land any job. Still, I have segregated the roles that require work experience and the roles that do not.

Roles that require work experience 

• Operations/Supply chain/product management. 
• Any role will require work experience if your above 2 criteria are not up to the mark.

Roles that do not require work experience 

• Consulting
• Investment Banking
• PE/VC
• Marketing 
• Corporate Finance roles

So most of the jobs do not require work experience. Even if they do only non-engineering work experience is of value unless you want to go into Operations/Supply chain/product management.