A social media post by Mumbai-based entrepreneur Sakshi Jain has recently gone viral, reigniting discussions around high-paying internships at IIM and the long-standing debate about the real value of degrees from elite institutions.
In her post, Jain shared that her friend, an MBA student at IIM Calcutta, had landed a summer internship in Mumbai offering a staggering monthly stipend of ₹3.5 lakh. Over two months, the total payout amounts to ₹7 lakh—an amount that’s hard to ignore, especially for a student.
A Wake-Up Call in the “Degrees Don’t Matter” Era
Jain admitted that this news made her rethink the increasingly popular narrative that “degrees don’t matter.” She noted how opportunities like these prove that degrees from premier institutes like IIMs can still unlock exceptional doors that might remain closed otherwise.
Her post didn’t just gather likes—it sparked a larger conversation online, especially when compared to other internship stipends in India. For example, medical interns at AIIMS reportedly earn only ₹17,900 per month, highlighting a stark contrast in earnings across different fields.
Not the Norm, But Still Significant
While ₹3.5 lakh a month is not the standard for every IIM student, it’s certainly not unheard of either. Alumni and current students have pointed out that such high-paying internships at IIM usually go to top performers and those with specialized skills. Many companies do offer lower stipends, but the overall brand value and future career prospects of IIM students remain strong.
In fact, several IIMs and IITs are often considered harder to get into than Ivy League colleges. The selection process, academic pressure, and competitive peer environment all add to the weight of that degree.
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What Makes High-Paying Internships at IIM Possible?
There are multiple factors that influence how a student from an IIM can land such lucrative internships. It’s not just about being at the right place—it’s about being the right candidate too.
Brand Power of IIMs
The institutional reputation of IIMs plays a major role. Employers see these institutes as a goldmine for talent, making them willing to offer premium compensation for access to top students.
Previous Work Experience
Students who already have some professional experience, especially in finance, consulting, or tech, have an edge. Companies value this mix of real-world skills and academic learning.
Specialized Fields and Skillsets
Internships in areas like finance, private equity, strategy, and management consulting tend to come with higher pay packages. Students who specialize in these domains are more likely to receive top offers.
Academic Performance
Being at the top of the class really does matter. Companies often shortlist students based on CGPA and class rankings. Being in the top 100 or 150 students of the batch significantly boosts one’s chances.
Company Profiles and Industry Demand
Big players like Goldman Sachs, Morgan Stanley, McKinsey, and other multinational firms actively recruit from IIMs and offer high-paying internships to secure the best talent early.
Location and Role
Internships based in financial hubs like Mumbai, or even international roles, tend to come with a higher stipend. Positions in investment banking or consulting also demand a premium due to their intensity and impact.
Strong Networks
Having access to a strong alumni network can make a huge difference. Many top internships are shared or recommended through internal circles and personal referrals rather than public postings.
Diverse and Talented Batches
IIMs are known for bringing together students from various academic and professional backgrounds, which attracts recruiters looking for a blend of technical knowledge and soft skills.
Conclusion
This recent buzz about a ₹3.5 lakh/month internship offer is more than just a viral post—it’s a reminder of the kind of career opportunities that still exist through elite education. While such high-paying internships at IIM may not be the average case, they showcase the potential that comes with a top-tier MBA.
In a time where alternative career paths and online certifications are gaining attention, stories like these show that traditional degrees—especially from institutes like IIM—still hold immense value in the right context.
