Placement at MICA achieves record-breaking ₹5 lakh stipend for two-month internship

MICA, an institute for Strategic Marketing and Communication in Ahmedabad achieved highest stipend of ₹5,00,000 for a two-month internship. The institute successfully placed 100% of the 31st batch of PGDM-C and PGDM programs. 

The FMCG sector emerged was the top recruiter, offering the highest stipend of ₹5,00,000 – an  increase from last year’s ₹4,55,000.

The placement process also witnessed a rise in average stipends, increasing by 4.5% to ₹1,58,600. Notably, the top 25 students secured an average stipend of ₹4,20,072 compared to ₹3,63,800 last year, while the top 50 students received an  average stipend of ₹3,48,368, up from ₹3,01,820. The median stipend also saw a steady  increase, reaching ₹1,22,000 compared to ₹1,20,000 last year.

MICA’s student batch included 31% engineers, 20% from Arts and Design, 19% commerce  graduates, and 17% from management backgrounds, among others.

Significant recruiters included Google India, Accenture S&C, CK Birla, Flipkart, IBM, Hindustan  Unilever, ITC, Master Cards, L'Oréal, Nivea, PUMA India, The Coca-Cola Company, Titan  Company Limited, Infoedge, Sentisum & HSBC, among others, according to the institute.