IIM-C announces doubling of stipend for PhD students

KOLKATA: IIM Calcutta (IIM-C) has announced an over 100% increase in the stipend for its PhD programme students, following a decision taken in the board of governors��� meeting held on Tuesday.

This move comes at a time when leading institutes like the Indian Institute of Managements (IIMs) are grappling with a faculty crunch coupled with a serious problem in attracting quality faculty. These institutes look at PhD students as a pool for potential faculty.

IIM-C has a doctoral fellowship programme leading to the title of ���Fellow of IIM-C��� in various management and related disciplines such as marketing, finance, strategy, economics, behavioural sciences, information systems, sociology, regional development and operations management.

The new stipend policy will provide Rs 20,000-24,000 per month and a Rs 20,000 annual contingency grant. The students are also provided a one-time grant for field study, laptop grant and a fully-supported international conference attendance anywhere in the world. Till this decision, the students were entitled between Rs 10,000 and Rs 11,000 per month and a Rs 10,000 annual contingency grant.