Indore, Nov 3 (PTI) The students of Indian Institute of Management, Indore, (IIM-I) have hit a jackpot as the employers have shelled out the highest Rs 6 lakh stipend offer to some for summer internship, an institute official said.

This is for the first time that such a huge stipend has been doled out to the students of 26-year-old IIM-I, he said, adding that the summer placements saw a participation of 606 students from two-year postgraduate programme (PGP) and the 5-year integrated programme in management (IPM).

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He said the employers have offered Rs 2.74 lakh median stipends to the students for two months.

This batch of 600 students was the highest in number among the IIMs in the country whose courses are scheduled to end in 2024, the official said, adding that 140 foreign and Indian firms rolled out internship offers at IIM-I.

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He said that the consulting sector witnessed the highest number of offers at 25 per cent.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)