World Bank selects three IIM-C students for summer placement programme

World Bank selects three IIM-C students for summer placement programmeThe World Bank has offered summer placement for students of Indian Institute of Management, Calcutta, (IIM-C) for the first time ever in India.

The World Bank selected three IIM-C students for internship, viz. Rishubh Jyrwah, Rohit Murthy and Jayant Kharote, who will spend two months either in the New York or Mumbai branch of the World Bank.

Each of the three selected IIM-C students will receive a stipend or payment of US$ 10,000 (roughly Rs 5.4 lakh).

Announcing the development, IIM-C said in a release, "World Bank visited the campus and offered three positions in their financial instruments and treasury departments."

This is the first time that the World Bank has recruited students from any IIM for internship or summer placement.

The summer placement process at IIM-C witnessed participation from several other renowned banks, including Bank of America, HSBC, Merrill Lynch, Credit Suisse, JP Morgan Chase and Royal Bank of Scotland; as well as companies such as Hindustan Unilever Ltd, ITC, Procter & Gamble, ITC, Nestle, Kraft Foods, Nokia and Johnson & Johnson.

In just two days of the placement process, more than 230 offers were made to students of IIM-C, with BCG extending the most number of offers (12) for their summer placement programme.