The average stipends for the interns of Indian Institute of Management Tiruchirappalli (IIM-T) have risen during the summer placement for the 2013-15 batch compared to previous years. Around 45 companies came in this year offering a maximum stipend of Rs 1.40 lakh, while last year there were 39 companies offering the highest of Rs 1 lakh.
Summer internship is usually for eight weeks during the April-May for the all first year students pursuing the post graduate programmes in IIMs. Many startup companies also joined the summer placement this year for the internship programme. Ten out of 94 students from IIM-T joined startups and 13 students opted out of summer internship process this year. World Bank participated in the process for the first time and offered roles in their financial instruments department.