IIM Calcutta Sees Huge Surge in Scholarships for Student Exchange Program

IIM Calcutta Sees Huge Surge in Scholarships for Student Exchange Program

This September, a third of the second year students at IIM Calcutta will head off to various exotic locations all across the world from Singapore to USA, but not on vacation. The 80 participating students will have the fantastic opportunity to understand the culture abroad and gain an international perspective to management, essential in the current age of globalization.

The wider participation of students has been enabled by the scholarships available to them which have increased from 12 last year to 46 scholarships this year.

These students are in great demand all over, with several universities and foreign embassies offering scholarships to attract them. The French Embassy and DAAD (German Academic Exchange Program) have already offered 32 scholarships to IIM-C students, each worth $ 3000. The US universities are also not behind with CBS, University of Colorado and City University of New York (CUNY) also providing scholarships to participating students.

The biggest attraction is the exclusive "Diamond Scholarship", awarded by Diamond Management & Consultancy Group to Prabhat Chandra, the only student in India to get this prestigious scholarship worth $ 3000. Such corporate participation in STEP itself speaks volumes about its relevance and importance in today's context.

Besides these, the institute itself supplements the exchange program with contributions from its coffers, special efforts were made to ensure that no students misses out on this opportunity due to lack of funds, and financial assistance was arranged for all of them. In all, scholarships in excess of INR 6 Million are on offer to the students this year. "IIMC helps its students in all possible ways - bulk airfare discounts, visa assistance, travel insurance and even French and German classes were arranged for them. In addition, representatives from Thomas Cook, ICICI Lombard and STIC specially visited the campus to make arrangements for the exchange program participants at discounted rates," said Gaurav Goyal, the STEP representative.

IIM Calcutta's partner universities include Simmons School (Boston), Instituto de Empresa (Madrid), UCLA Andersen School of Management (Los Angeles), Universitá Commerciale Luigi Bocconi (Milano), NUS (Singapore), ESCP-EAP (Paris) and 31 other world-renowned institutes, spreading across 5 continents and 17 countries. Gaurav said, "With the biggest geographical reach, ranging from developing countries like Brazil to France, Spain, Italy and USA, we have the tie-ups with the best universities across the globe. This helps recognize IIM-C at the international arena and is also reflected in the placements."

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Contributed by -
Vijay Anand Menon,
External Relations Secretary,
IIM Calcutta.

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