IIMs lag behind on summer placement stipends

According to an Economic Times report, well-known business schools across the country have outperformed or kept pace with some premier Indian Institutes of Management (IIMs) during this year's summer placements. The highest and average stipends at B-schools such as XLRI, FMS, SPJIMR and JBIMS for the entire duration of placements have crossed the comparative figures offered to students at established IIMs at Kozhikode, Indore and Shillong this year. The report says that banking and consulting companies picked up a huge chunk of interns from these campuses; the fact that they are better paymasters might be a reason behind this.

Read the complete report here