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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

Indian Institute of Management-Calcutta, Wikimedia

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.

Next Story

Raja Chari: Indian American Astronaut chosen by NASA

Raja Chari, an American of Indian descent, has been chosen by NASA as one of the 12 astronauts for a new space mission.

Raja Chari. Twitter.
  • Raja Chari is an American of Indian descent chosen by NASA for the new batch of astronauts
  • Currently, he is a Lieutenant Colonel in the US Air Force
  • Chari will have to go through two years of astronaut training which begins in August

June 06, 2017: NASA has chosen 12 astronauts out of a record-breaking 18,300 applications for upcoming space missions. An American of Indian descent, Raja Chari, has successfully earned his spot in the top 12.

The astronauts were selected on the basis of expertise, education, and physical tests. This batch of 12 astronauts is the largest group selected by NASA since two decades. The group consisting of 7 men and 5 women surpassed the minimum requirements of NASA.

Born in Waterloo, Iowa, Chari graduated from Air Force Academy in 1999 with a bachelor’s degree in Astronautical Engineering and Engineering Science. He went on to complete his master’s in Aeronautics and Astronautics from Massachusetts Institute of Technology. The astronaut is also a graduate of US Naval Test Pilot School.

Currently, Raja Chari is a Lieutenant Colonel in the US Air Force. He is the commander of 461st Flight Test Squadron and director of the F-35 Integrated Test Force at Edwards Air Force Base in California.

After Late Kalpana Chawla, Lt. Col. Raja Chari is the second Indian American astronaut chosen by NASA.

The 12 astronauts will have to go through two years of training. Upon completion, they will be assigned their missions ranging from research at the International Space Station, launching from American soil on spacecraft by private companies, to flying on deep space missions on NASA’s Orion Spacecraft.

The US Vice-President Mike Pence visited the Johnson Space Centre in Houston to announce and congratulate the new batch. Pence also said that President Trump is “fully committed” to NASA’s missions in space.

by Saksham Narula of NewsGram. Twitter: @Saksham2393