The Indian Institute of Management, Calcutta has concluded the 2024 Summer placements for the 61st batch of the Master of Business Administration (MBA) programme. The institute has secured 100 percent placement for its students on October 25, with 475 students securing 564 offers.
The placement was conducted in a hybrid mode where students were offered multiple cross functional roles by 175 recruiters across a variety of sectors.
The average monthly stipend offered to the students stood at Rs 1.89 lakhs per month while the median was Rs 2 lakhs per month, both of them new institute record. The highest domestic monthly stipend stood at Rs 3.67 Lakhs per month, whereas the highest international monthly stipend stood at Rs 6.75 Lakhs per month.
The top 5 percentile of the students secured a monthly stipend of 3 Lakhs per month.
“The outcome of the summer internship offers has yet again demonstrated the future readiness of our students in a highly competitive landscape. Globally, there is an on-going recalibration of managerial jobs and pullback of job postings, hence we are very grateful to our recruiters to repose their trust in our students and our academic processes,” said Prof Ritu Mehta, Chairperson of placement activities, IIM Calcutta.
The placement drive witnessed participation of firms from all major sectors like FMCG, Manufacturing, Finance, Consulting, Technology, Analytics, Pharmaceuticals, Education, among others.
The cluster-cohort placement process that involved various policies such as “dream offer” enabled recruiters to find a better student-recruiter fit, making the overall process a win-win for both recruiters and students.