Summer internships at IIM Ahmedabad, IIM Bangalore, and IIM Calcutta happen in April-May after the first year, with on-campus recruitment starting in October-November of year one. Internship stipends at IIM ABC range from Rs 1.5-4 lakh per month, with averages at Rs 2.5-3 lakh per month. Top internships at McKinsey, BCG, Bain, Goldman Sachs, JP Morgan IB, and senior tech PM roles pay Rs 3.5-4.5 lakh per month for the 8-10 week internship duration, totaling Rs 6-10 lakh as a student.
The SIP process is tiered by recruiter category. Day 0 companies (MBB consulting, top banks, top tech product) conduct recruitment first, with the top 30-40% of the batch securing these offers based on CV shortlists, case interviews, and HR rounds. Day 1-2 brings Tier 2 consulting, Tier 1 banking, FMCG marketing, and product management roles. Day 3-5 covers generalist corporate, analytics, and operations roles. By Day 5-7, the entire batch of 400-500 students is typically placed.
PPO (pre-placement offer) conversion is crucial. Roughly 60-75% of interns at top firms convert to full-time offers, which lets students skip final placements. This is why internship performance effectively determines the full-time outcome. Students who fumble their internship work harder during final placements and often get lower-paying offers.
For aspirants, the SIP stipend data is often more useful than full-time placement data because it's granular and recent. A Rs 3.5 lakh/month internship stipend signals a likely Rs 30-40 LPA full-time offer.
SIPs also function as career discovery — students test consulting, banking, or tech functions they'd never experienced before and decide year-two elective tracks accordingly. Check your eligibility at collvera.com/eligibility