IIM Calcutta Records 100% Placements in Summer Internship; Highest Stipend Crosses Rs. 3 Lakh

Indian Institute of Management Calcutta (IIM Calcutta) has successfully completed the placements in summer internship for the 2024 cycle of its prestigious MBA programme, achieving a remarkable 100 per cent placement rate for the 61st batch.

The summer internship placements were finalised on October 25, resulting in a total of 564 offers to 475 students. The average monthly stipend reached ₹1.89 lakh, with the median stipend being ₹2 lakh, which the institute proudly claims as a new record. The highest domestic stipend was recorded at ₹3.67 lakh per month, while the highest international stipend was ₹6.75 lakh per month. Notably, the top 5 per cent of students received a monthly stipend of ₹3 lakh.

The Indian Institute of Management, Calcutta conducted placement process in a hybrid mode where multiple cross functional roles were opened by 175 recruiters across a variety of sectors.

IIM Calcutta experienced participation from firms across all key sectors, including FMCG, Technology Manufacturing, Consulting, Finance, Analytics, Education and Pharmaceuticals, etc. The cluster-cohort placement process, which involved various strategies such as the “Dream Offer”, facilitated more effective alignment between recruiters and students, resulting in mutually beneficial outcomes for both parties.

Professor Ritu Mehta, Chairperson, Placement activities said, “The results of the Summer Internship have once again highlighted the preparedness of our students to succeed in a highly competitive environment. Globally, managerial jobs continue to be re-evaluated and job postings continue to decline, so we are extremely grateful to our recruiters for reposing their trust in our students and our academic processes.”

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