IIM Calcutta has announced a significant increase in the stipend for its PhD programme students. This decision was taken in the Board of Governor’s meeting held on December 23, 2008.

The institute has a doctoral fellowship programme leading to the title of Fellow of IIMC 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 provides Rs. 20,000 to Rs. 24,000 per month and a Rs. 20,000 annual contingency grant.  Students are also provided a one-time grant for field study, laptop grant and a fully supported international conference attendance anywhere in the world.  
The institute has also revised various rules and policies related to the Fellowship Programme in order to ensure a more enriching academic experience.  This includes Teaching Assistantships with exposure to designing courses and taking classes, which will fetch upto Rs. 11,000 per month for the students in addition to the monthly stipend. 

Professor Bhaskar Chakrabarti, Chairperson of the Fellowship Programme, said the increase in stipend will attract more students especially those with industry work experience to get into an academic career.