The First, Second and Third Rank Holders get the IIMC Calcutta Chapter Alumni Gold Medal, the IIMC MBA for Executives Programme First Batch Alumni Silver Medal and the IIMC MBA for Executives Programme Fourth Batch Alumni Silver medal respectively. They also receive Institute Book Prizes and Book Prizes sponsored by Taylor & Francis Group. And their names appear in the Director’s merit list. Other rank holders receive Book Prizes of the Institute and Book Prizes sponsored by Taylor & Francis Group.

The Sixth Batch MBA for Executives Programme alumni sponsor a silver medal for “Greatest Contribution to Campus Life” by a MBA for Executives Programme student. 
The Arvind Kumar Memorial Award has been started from 2016-17 with contributions from MBA for Executives Programme alumni and the Institute. This is in memory of Arvind Kumar, a MBA for Executives Programme Batch 2 alumnus and is given to the MBA for Executives Programme student who displays “exceptional entrepreneurial spirit and leadership qualities”.