IIM Calcutta students bag average monthly stipend of Rs 1.89 lakh per annum in summer placement

Indian Institute of Management (IIM) Calcutta students have bagged a monthly stipend of Rs 1.89 lakh per month on average in the summer placement. The median is Rs 2 lakh per month, the institute said in a statement, adding that both are “a new institute record”.

The highest domestic monthly stipend stood at Rs 3.67 lakh per month, whereas the highest overseas monthly stipend stood at Rs 6.75 lakh per month. The top five percentile of the students secured a monthly stipend of Rs 3 lakh per month.

IIM Calcutta concluded its summer placements for the 61st batch of its flagship MBA programme and secured 100%placements. The institute completed its summer internship placements on October 25, securing 564 offers for 475 students, said the statement. The placement week was conducted in a hybrid mode where multiple cross-functional roles were opened by 175 recruiters across a variety of sectors.

“The outcome of the summer internship offers has yet again demonstrated the future readiness of our students in a highly competitive landscape. Globally, there is an ongoing recalibration of managerial jobs and pullback of job postings, hence we are very grateful to our recruiters to repose their trust in our students and our academic processes,” said professor Ritu Mehta, chairperson of placement activities.

Firms from all major sectors such as fast-moving consumer goods, manufacturing, finance, consulting, technology, analytics, pharmaceuticals and education participated. "The cluster-cohort placement process that involved various policies such as ‘dream offer’ enabled recruiters to find a better student-recruiter fit, making the overall process a win-win for both recruiters and students,” said IIM Calcutta.