IIM Calcutta Students Hit the Jackpot with Rs 1.65 Lakh Average Stipend for Summer Internships

In a remarkable achievement, first-year MBA students at the Indian Institute of Management (IIM) Calcutta have secured an average monthly stipend of Rs 1.65 lakh for their summer internships. This comes despite the challenging economic conditions, highlighting the students' exceptional talent and dedication.

Breaking Down the Numbers

IIM Calcutta concluded its summer internship placement cycle on October 18, securing a total of 513 offers for its 466 students enrolled in the two-year MBA program. The average stipend reached a record-breaking Rs 1.65 lakh per month, with the median stipend even higher at Rs 1.7 lakh per month.

The Cream of the Crop

The top 25 percentile of the batch received an average stipend of Rs 2.31 lakh per month. The highest domestic stipend recorded was an impressive Rs 3.75 lakh per month.

Commitment to Inclusivity

IIM Calcutta has shown an unwavering commitment to its ethos of "leaving no one behind." The institute guaranteed placements for all candidates who participated in the placement process, as stated in their official announcement.

The students of IIM Calcutta have set a new benchmark in the realm of summer internships, proving that talent and dedication can overcome even the most challenging market conditions. These stipends not only reflect the students' capabilities but also the high regard in which the institute is held in the corporate landscape.