IIM Mumbai bags 400 offers from over 110 companies

Director of the institute Prof. Manoj K Tiwari said, “This year’s Summer Internship Placement season reflects the growing trust of industry in IIM Mumbai. We saw enthusiastic participation from a diverse pool of organizations, with a significant presence of new companies and new sectors joining our portfolio. Consulting and BFSI led the charge—offering roles in investment banking (IBD), risk, wealth management, and digital transformation.”

Prof. Tiwari highlighted that since the institute has gained the status of IIM, there is significant increase in interest from consulting and finance sector, in addition to enthusiastic response the institute continues to experience from FMCG and operations sectors since it was NITIE. For the top ten percent of the batch the average stipend this year is INR 4.8lakh which was INR 4.5lakh last year. Whereas for the top 50 percent of the batch the average stipend has increased to INR 3.8lakh this year from INR 3.6lakh last year.

“While nearly 85 percent of the batch is already placed for summer internship, over 20 more companies are likely to make offers,” said Prof. Tiwari.

According to information shared by the institute, while legacy recruiters such as HUL, ITC, P&G, Godrej Group, Nestlé, Amazon among others continued their long-standing engagement; New recruiters this year included Hinduja Group, Mahindra, Morgan Stanley, Barclays, Phillip Capital India, Coats, HSBC, PhonePe, Positive Moves Consulting, Valorant Consulting etc.

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