What stipends do MBB and Microsoft typically offer in SIP?
MBB firms pay around ₹2 lakh per month for summer internships, while Microsoft offers ₹1.7-1.8 lakh per month for product management roles. At IIM Calcutta, where SIP placements are among the most competitive in India, these figures represent the ceiling most interns are chasing.
MBB Stipends at IIM Calcutta
McKinsey & Company, Boston Consulting Group, and Bain & Company all offer approximately ₹2 LPM, translating to roughly ₹4-4.5 lakh across a standard 8-10 week internship. This is consistent across Mumbai, Delhi, and Bangalore offices. The stipend doesn't vary by city or school tier within the MBB recruiting pool, which at IIM Calcutta is a genuine advantage, since all three firms recruit actively from the campus.
Conversion rates from SIP to PPO at MBB hover around 60-70%, making the internship itself effectively a final hiring round. Interns are staffed on live client projects in strategy, operations, or digital transformation, working alongside full-time consultants from day one.
This is not observational shadowing. You are expected to contribute from week two.
Microsoft and Tech Stipends
Microsoft pays ₹1.7-1.8 LPM for product management and PMM internships, slightly below MBB but well above the broader tech average. Google and Amazon typically fall in the ₹1.5-1.8 LPM range. High-growth startups like Razorpay, Swiggy, and PhonePe offer ₹1-1.5 LPM depending on role and funding stage.
| Firm / Type | Stipend (per month) | Primary Roles |
|---|---|---|
| McKinsey, BCG, Bain | ₹2.0 LPM | Strategy consulting |
| Microsoft | ₹1.7-1.8 LPM | PM, PMM, Strategy |
| Google, Amazon | ₹1.5-1.8 LPM | PM, Business, Analytics |
| Funded startups | ₹1.0-1.5 LPM | Product, Growth, Ops |
What Drives the Gap
The MBB premium reflects both brand and the nature of the work. Consulting firms compress a full project cycle into 8-10 weeks, which demands more from interns and justifies higher pay.
Tech firms like Microsoft offer structured rotations with mentorship, but the ramp-up period is longer. If you are purely optimizing for stipend, MBB wins.
If you want a PPO into a product role at a scaled tech company, Microsoft's offer is genuinely strong.
IIM Calcutta Context
IIM Calcutta's placement committee has historically placed a significant share of its batch with MBB and top tech firms. The campus also sees active recruitment from Goldman Sachs, Morgan Stanley, and HUL for finance and FMCG roles, where stipends range from ₹1.2-1.8 LPM. Finance firms are competitive with tech, though Goldman's structured finance roles tend to offer closer to the ₹1.5-1.6 LPM band.
One honest note: MBB slots are scarce even at IIM Calcutta. A batch of roughly 460 students competes for a combined 30-40 MBB spots across all three firms.
The math is unforgiving. Preparing for consulting without a parallel tech or finance track is a risk you should not take.
Pro Tip: Practice your MBB case interviews using IIM Calcutta's alumni network early, since second-year students who converted PPOs from McKinsey or BCG are often willing to do mock cases and can tell you exactly what the interviewers in your cohort year are prioritizing.