Higher Offers, Better Income For Iim Students This Summer

IIMs across the country are set to shine brighter this summer given the improving global economic scenario

. Students expect a 30% hike in stipends and more companies to choose from at summer placements.

Summer placements at IIMs start in October-November, where the first year students are given an opportunity to intern with domestic and international firms for two months in April-May. With summers bringing in cheer, IIMs expect final placements in February-March to fetch good offers for the second year students.

Students at IIM-Lucknow expect stipends to rise by 33% this year as compared to last year. About 125 companies are likely to participate in the placements this year as compared to 100 last year. "The number of companies participating would be higher by 25% this year," says Rahul Tom Joseph, recruitment coordinator, placement cell at IIM-L. For IIM-Kozhikode, the expected rise in average stipend is about 10-15%. "The highest stipend last year was Rs 1 lakh and we expect a rise of 15% this year. The highest number of offers are expected in marketing and sales," says G Sridhar, chairperson, placements at IIM-K.

IIM-Ahmedabad, which placed 310 students of its 2009-11 batch in record four days at summer placements, has chosen the cohort process, which happens over weekends starting November 12, giving more time for recruiterstudent interaction. "Participation is expected to be higher than last year," says Mansi Chitalia, member, student placement committee at IIM-A. Traditionally, IIM-Kolkata has been the preferred campus for investment banks and private equity firms .

"We should see all of them back on campus this year and hopefully some new names as well," says Hariharan Sriram, external relations secretary, IIM-C. For 374 students, IIM- Bangalore expects 130 companies to participate this year the institute has seen the highest number of offers from finance and consulting followed by marketing and IT this year. Likewise, IIM-Indore is witnessing an increase in the number of offers across financial services, FMCG, IT and consulting sectors.

by: admissioncorner

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