IIM Mumbai hits Rs5 lakh record in summer internship stipends

The Indian Institute of Management (IIM) Mumbai has wrapped up one of its strongest summer placement seasons yet, marked by impressive recruiter participation and record-breaking stipends. Over 100 top firms joined the process, with more than one-third of the 2026 batch securing pre-placement offers (PPOs) from their internship companies.

This year’s highest two-month internship stipend touched ₹5 lakh, while the top 10% of students bagged an average of ₹4.45 lakh. Consulting firms led the offers with 101 roles, closely followed by 92 from FMCG giants. The BFSI (Banking, Financial Services, and Insurance) sector accounted for over 25% of total offers, driving opportunities in investment banking, risk, and wealth management.

Legacy recruiters, including HUL, ITC, P&G, Godrej, Nestlé, Amazon, Accenture Strategy & Consulting, TAS, Reliance Industries, Asian Paints, and PwC US Advisory, continued their strong presence on campus. Adding fresh momentum, new recruiters such as Mahindra, Morgan Stanley, Barclays, Hinduja Group, Phillip Capital India, Coats, PhonePe, Michelin, CK Birla Group, and Rich Products & Solutions made their debut this year.

The season also saw the return of major players like Apple, Samsung, American Express, Nomura, RPG Group, and Pidilite Industries. Firms such as J.P. Morgan Chase, Citi, Glenmark Pharmaceuticals, Pernod Ricard, and AB InBev added further diversity, spanning sectors from consulting and finance to manufacturing and consumer goods.

Highlighting the achievement, IIM Mumbai Director, Professor Manoj Kumar Tiwari, said the results mirror growing industry confidence in the institute’s academic excellence. “We witnessed enthusiastic participation across sectors, particularly consulting and BFSI. The high-value roles in investment banking, risk management, and digital transformation reflect the industry’s faith in our students’ analytical and leadership capabilities,” he noted.