Higher Education

20% Stipend Hike in IIM-C Summer Placements

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IIM_Calcutta_LogoFor the 2015 batch, summer placements at Indian Institute of Management, Calcutta (IIM-C)  have successfully concluded with 23 per cent of its batch getting placed in consulting sector. For PGDM courses at IIM Calcutta, the summer placement or internship is mandatory. This year, the placements witnessed a hike of 20 per cent in the stipend. The students were also given flexibility to hold an offer and appear for another placement.

According to a report, the highest number of offers were given by companies such as The Boston Consulting Group (20), Accenture Strategy (15) Bain and Co (13),  McKinsey (12), AT Kearney (8). Several companies visited the campus for the first time like Deloitte US S&O, Auctus and Arete Advisors.

The most sought after sector is the finance sector. More than 1/4th of the batch got offers from banking and financial services. The major banks that offered 20 front-end investment banking and market roles were Citi bank, Bank of America Merrill Lynch, JP Morgan Chase, UBS, Goldman Sachs, Avendus Capital, and Deutsche Bank.

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