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IIM-Calcutta Post-Graduate Student gets Rs 4.5 Lakh Stipend Offer for Summer Internship

Out of over 460 summer internship offers made on the campus, the consulting sector had the highest share of 24 per cent, followed by BFSI at 23 percent

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Kolkata, Nov 14, 2016: A whopping Rs 4.5 lakh monthly stipend has been offered to a first-year student of post-graduate diploma in management at the IIM-Calcutta in the latest summer internship placement, the institute said in a statement on Monday.

Consulting firms came up with the highest percentage of offers while BFSI (Banking, Financial services and Insurance) sector proposed the highest stipend for the students at the Indian Institute of Management-Calcutta.

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Out of over 460 summer internship offers made on the campus, the consulting sector had the highest share of 24 per cent, followed by BFSI at 23 per cent. BFSI also offered the highest stipend for the season at Rs 4.5 lakh per month.

Major recruiters in consulting were Mckinsey and Co, Bain & Co., the Boston Consulting Group, A.T. Kearney and Accenture Strategy, the latter being the largest recruiter in the consulting domain.

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The BFSI sector witnessed a surge in the number of banking sector firms and private recruiters participating in the placement process, with Goldman Sachs emerging the top recruiter in the category.

FMCG and consumer product firms of the likes of HUL, P&G, ITC and L’Oreal hired in large numbers.

Food and Beverages companies like PepsiCo, Coca-Cola, Mondelez and Nestle hired 19 per cent of the batch in sales and marketing roles as the summer placements for the class of 2018 successfully concluded last week.

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“A total of 14 per cent of the batch was hired for leadership roles in conglomerates like Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra and others. Aditya Birla Group stayed on top as the largest and most consistent recruiter in this domain with the highest number of offers,” the IIM said in a statement. (IANS)

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  • Ruchika Kumari

    Really….4.5 lac stipend….Congratulations buddy

  • Aniruddha Kadvekar

    The picture posted is that of Indian Institute of Mass Communication. If the IIMC in the picture is confusing, right next to it you have “Bhartiya Jan Sanchar Sansthan”. It doesn’t take a Hindi scholar to figure out that doesn’t mean Indian Institute of Management.

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Aadhaar Helpline Mystery: French Security Expert Tweets of doing a Full Disclosure Tomorrow about Code of the Google SetUP Wizard App

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Pichai met with senior Republicans on Friday to discuss their concerns, House Majority Leader Kevin McCarthy said. Wikimedia Commons

Google’s admission that it had in 2014 inadvertently coded the 112 distress number and the UIDAI helpline number into its setup wizard for Android devices triggered another controversy on Saturday as India’s telecom regulator had only recommended the use of 112 as an emergency number in April 2015.

After a large section of smartphone users in India saw a toll-free helpline number of UIDAI saved in their phone-books by default, Google issued a statement, saying its “internal review revealed that in 2014, the then UIDAI helpline number and the 112 distress helpline number were inadvertently coded into the SetUp wizard of the Android release given to OEMs for use in India and has remained there since”.

Aadhaar Helpline Number Mystery: French security expert tweets of doing a full disclosure tomorrow about Code of the Google SetUP Wizard App, Image: Wikimedia Commons.

However, the Telecom Regulatory Authority of India (TRAI) recommended only in April 2015 that the number 112 be adopted as the single emergency number for the country.

According to Google, “since the numbers get listed on a user’s contact list, these get  transferred accordingly to the contacts on any new device”.

Google was yet to comment on the new development.

Meanwhile, French security expert that goes by the name of Elliot Alderson and has been at the core of the entire Aadhaar controversy, tweeted on Saturday: “I just found something interesting. I will probably do full disclosure tomorrow”.

“I’m digging into the code of the @Google SetupWizard app and I found that”.

“As far as I can see this object is not used in the current code, so there is no implications. This is just a poor coding practice in term of security,” he further tweeted.

On Friday, both the Unique Identification Authority of India (UIDAI) as well as the telecom operators washed their hand of the issue.

While the telecom industry denied any role in the strange incident, the UIDAI said that he strange incident, the UIDAI said that some vested interests were trying to create “unwarranted confusion” in the public and clarified that it had not asked any manufacturer or telecom service provider to provide any such facility.

Twitter was abuzz with the new development after a huge uproar due to Telecom Regulatory Authority of India (TRAI) Chairman R.S. Sharma’s open Aadhaar challenge to critics and hackers.

Ethical hackers exposed at least 14 personal details of the TRAI Chairman, including mobile numbers, home address, date of birth, PAN number and voter ID among others. (IANS)

Also Read: Why India Is Still Nowhere Near Securing Its Citizens’ Data?