First-year MBA summer recruitment is rebounding across institutes like IIM Calcutta, IIM Lucknow, IIM Kozhikode, and SPJIMR due to stronger corporate demand. Recruiter engagement is fueling notable jumps in compensation, with IIM Calcutta seeing its peak monthly stipend jump to ₹9.5 lakh alongside the arrival of 51 first-time recruiters. Across campuses, institutions are also witnessing a healthier distribution of pay, higher student coverage, and improved project quality. Because these summer roles heavily feed corporate pre-placement offers, the current momentum positions students favorably for final placements.
Key points
Summer internships remain an essential channel for major corporations to extend pre-place…: Summer internships remain an essential channel for major corporations to extend pre-placement offers before final-year hiring begins.
High median stipends at campuses like IIM Lucknow indicate compensation gains are widely…: High median stipends at campuses like IIM Lucknow indicate compensation gains are widely spread rather than limited to top earners.
Placement teams are reporting qualitative improvements, including better alignment betwee…: Placement teams are reporting qualitative improvements, including better alignment between academic preparation and student project assignments.
Sources checked by our analysis pipeline: 1
Placement officials at IIM Calcutta, IIM Lucknow, IIM Kozhikode and SPJIMR told ET that internship hiring has strengthened this year, with greater recruiter participation.
The summer internship process takes place in the first year of the MBA course while PPOs are offered in the second year, right before the final placements at B-schools.
"Many recruiters view summer internships as their primary channel for full-time hiring," said Prem Prakash Dewani, chairperson, placement, at IIM Lucknow.
The institute's students have attracted an average monthly stipend of ₹1.72 lakh against ₹1.67 lakh last year, while the median rose to ₹1.75 lakh from ₹1.72 lakh.
"What stands out is that the median is higher than the average, indicating that strong stipends were distributed across the batch rather than concentrated among a few top offers," Dewani said.
IIM Kozhikode reported an increase in PPO conversions. "We have one of the highest conversion rates from summer internships to PPOs," said Ankur Jain, chairperson of the institute's CARE (corporate access, readiness and engagement) platform.
While the summer internship placement process is still underway and final year-on-year comparisons…
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