IIM Calcutta Summer Placements 2024

The average monthly stipend had stood at 1.89 lakh per month whereas the median had been at 2 lakh per month, which IIM Calcutta claims is a new institute record. The highest domestic monthly stipend was at 3.67 lakh per month, and the highest international monthly stipend was at 6.75 lakh per month. The top 5 percentile of the students had secured a monthly stipend of 3 lakh per month.

The Indian Institute of Management, Calcutta conducted the placement process in a hybrid mode wherein various cross-functional roles were offered by 175 recruiters cutting across different sectors.

All sectors participation from IIM Calcutta FMCG, manufacturing, finance, consulting, technology, analytics, etc. pharmaceutical, education Cluster-cohort placement process as well, this was policies of “dream offer, and hence made the recruiter meet the student requirement, because this would prove to be a win-win for recruiter and student as well.

The summer internship offer results have once again vindicated our students’ preparedness for the future in such a competitive scenario. The recalculation of managerial jobs and pullback of postings continues to be an ongoing exercise across the globe, and we, therefore, feel highly privileged that our recruiters have regained confidence in our students and our academic processes, too,” said Professor Ritu Mehta, Chairperson of placement activities.

Conclusion

IIM Calcutta’s 2024 summer placements underscore the institute’s commitment to fostering industry-ready professionals. Achieving a 100% placement rate with record-breaking stipends, the institute highlights its robust academic foundation and strong recruiter relationships. This success speaks to the adaptability and readiness of its students to excel in an evolving global job market, securing a bright outlook for their future careers.

This study highlights how entrepreneurs driven by sustainability navigate the complexities of aligning economic objectives with broader societal and environmental goals, even under the pressure to prioritize profit alone, say sources from IIM Lucknow.

Values

The research emphasises how sustainability-oriented values in founders drive Sustainable Business Model Innovation (SBMI), say sources from IIM Lucknow.

This ripple effect fosters a larger ecosystem of sustainable businesses, redefining success to include positive contributions to environmental and social well-being alongside profitability.

Research

Prof. Krishna Chandra Balodi, Strategic Management, IIM Lucknow spoke about the research.

Our research illustrates the transformative influence of founders’ sustainability values on business models that address pressing global challenges, said Prof Krishna of IIM Lucknow.

These entrepreneurs redefine success by integrating their principles into their ventures, striking a balance between profit and meaningful environmental and social impact, he said.

Suscom

The research centers on “Suscom,” a startup renowned for its sustainable practices. By delving deeply into Suscom’s operations, the study revealed that the founders’ values permeate every facet of the business—from product innovation to strategic partnerships.

These values are rooted in a blend of influences, such as family upbringing, sustainability-focused education, and early career experiences with non-profits advocating for environmental and social causes, say sources from IIM Lucknow.

Attention

The research also brings attention to the unique challenges faced by sustainable startups, such as:

Recruiting employees with a sustainability mindset: Building a workforce aligned with the company’s goals.

Eco-friendly sourcing: Procuring sustainable raw materials.

Green logistics: Finding partners who offer environmentally friendly logistics solutions.

Collaborative partnerships: Working with like-minded stakeholders.

Innovative strategies: Developing creative, low-tech production methods that minimise energy consumption and environmental impact.

Standout findings

One of the standout findings is Suscom’s use of traditional and indigenous techniques to reduce energy consumption.

These methods not only align with global decarbonisation efforts but also present an eco-friendly alternative to high-energy industrial processes, say sources from IIM Lucknow.

Significance

As businesses worldwide face mounting pressure to address sustainability and climate change, this research underscores the significance of value-driven leadership, say sources from IIM Lucknow.

It serves as a beacon for entrepreneurs to adopt sustainable practices that not only ensure financial viability but also contribute meaningfully to societal and environmental progress, say sources from IIM Lucknow.

Personal values

By offering valuable insights into how personal values can catalyse sustainable innovation, the study reinforces the need for business leaders to think beyond profits and prioritise long-term, equitable growth.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing. The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.

It is also consistently ranked amongst top business schools in the NIRF Rankings. IIM Lucknow was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back. It also has a long-standing full-time MBA program in Agri Business Management.

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