IIM Calcutta completed its summer internship placement week for the 60th batch on 18th October by securing 513 offers for 466 students.
Despite the challenging market conditions, IIM Calcutta closed the summer placement cycle for the first-year students of the flagship 2-year MBA program. The placement drive supported a hybrid process for over 240 roles opened by over 165 recruiters from all sectors of the industry. The enhanced design of the process involving Hold & Wait and Dreams enabled recruiters to find a better recruiter-student fit and allowing the process to be student and recruiter friendly.
The students received an average stipend of 1.65 lakhs per month and the median stipend went as high as 1.7 lakhs per month, both being an institute record despite the macroeconomic conditions. The highest domestic stipend was recorded at 3.75 lakhs per month with the top 25 percentile of the batch receiving an average stipend of 2.31 lakhs per month.
This resounding success was attributed to the entire “Joka Community” as the alumni from over the years and the current batches came together to pull off this feat. IIM Calcutta showed great character in upholding its culture of “leaving no one behind” as it ensured placements for all the candidates who opted in for the placement process.
Rishabh Agarwal, an incoming BCG intern, said “The idea of securing stellar internships, which once seemed distant, has now surely materialized. Considering the difficult market conditions this year the efforts by the placement team and the entire senior batch far supersedes the expectations. Their hard work not only reduced our workload but also drew in new recruiters, effectively bridging the gap left by the firm's reduced intern intake compared to the previous year.” Amisha Gupta who is set to join P&G in summer 2024 said, “We are immensely proud that even in the face of a challenging market environment, our collective courage, determination and immense support for each other has helped us excel all together. We extend our heartfelt gratitude to IIM Calcutta and its placement team for fostering our growth and providing us with the opportunity to shine.”
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