IIM Calcutta's MBA Students Secure 564 Offers Amidst Competitive Job Market

Record-Breaking Stipends at IIM Calcutta: Average Monthly Stipend Hits ₹1.89 Lakh

IIM Calcutta completed its summer placements for the 61st batch of the flagship MBA program with 100 percent placements on October 25, securing a total of 564 offers for 475 students. Along with this achievement, the average monthly stipend reached ₹1.89 lakh, with the median stipend at ₹2 lakh, which the institute claims is a new record. The highest domestic monthly stipend was ₹3.67 lakh, while the highest international monthly stipend stood at ₹6.75 lakh. Additionally, the top 5 percentile of students received a monthly stipend of ₹3 lakh.

IIM Calcutta conducted the placement process in a hybrid mode, with 175 recruiters offering various cross-functional roles across multiple sectors. The cluster-cohort placement process, which included policies like the "dream offer," allowed recruiters to identify candidates that were a better fit for their needs. This approach created a win-win situation for both recruiters and students, enhancing the overall placement experience.

IIM Calcutta observed participation from firms across all major sectors, including FMCG, manufacturing, finance, consulting, technology, analytics, pharmaceuticals, and education, among others. Professor Ritu Mehta, Chairperson of placement activities, expressed that the summer internship offers reflect the future readiness of their students in a highly competitive landscape. Globally there is an ongoing recalibration of managerial jobs and a pullback in job postings. In this situation, recruiters placed their trust in the university’s students and the academic processes making individuals at IIM Calcutta highly grateful to them.

Editor's Note:

IIM Calcutta's impressive achievement in securing 100 percent placements for its 61st MBA batch underscores the efforts of the university in academic excellence and preparing students for this competitive job market. The hybrid placement process, supported by a diverse range of recruiters from multiple sectors, has not only enhanced the student experience but also fostered meaningful connections between students and industry leaders. This success is a testament to the university’s strong academic framework and the trust that recruiters place in its graduates.

Skoobuzz expects that IIM Calcutta will continue to lead in the rapidly changing job market by equipping students to tackle future challenges. The institute sets a benchmark for other universities by adopting innovative approaches to prepare students for the demands of the job market.