Interesting fact about MBA from IIMs

Do you know? (Interesting Fact about MBA from IIMs)

Summer Internship: A summer internship is an essential bridge between B-Schools and the corporate world. It allows students to apply classroom concepts to real business scenarios, providing valuable networking opportunities that can significantly impact their future careers. Summer internships are a mandatory part of the MBA program, typically lasting 8 to 10 weeks.

During this period, students test their first-year learnings by working closely with the industry. Their performance is closely monitored by mentors from both the corporate world and their B-School, strengthening the relationship between companies and institutions. Students are required to prepare and present a report on their internship, sharing key learnings with their institute.

Career Launcher CAT classes in Pune help aspiring MBA students secure admission to top B-schools, preparing them for the rigorous selection processes, including summer internships. These internships also help students decide on their specialization/electives for the final year.

Many IIM students receive stipends exceeding ₹1.5 lakh per month. From an industry perspective, internships help companies assess potential hires, and many firms implement recommendations made by interns. Internship opportunities are available in Banking & Financial Services, Sales & Marketing, Operations, IT & Consulting, and General Management. Interns also benefit from Pre-Placement Offers (PPOs), as several firms hire directly from their internship pool rather than campus placements.

The selection criteria for summer internships are stringent, similar to IIM admissions. Shortlisting is based on a student’s CV, followed by group discussions, interviews, and sometimes a written test. A strong CV highlighting academic achievements, extracurricular activities, leadership roles, prior work experience, and relevant certifications can significantly improve a student’s chances.

Career Launcher CAT classes in Pune equip students with the skills and strategies needed to excel in such competitive environments, helping them secure top MBA admissions and internships.

Summer Internship Statistics at IIM Calcutta:
For the Class of 2020, 120 companies participated in the summer placements, offering internships to 458 students.

• 26% of offers were in the BFSI domain, with firms like Citibank, Bank of America Merrill Lynch, Barclays, and Credit Suisse.
• 22% of offers were in consulting, with top recruiters including Boston Consulting Group, McKinsey & Co., and Bain & Co.
• FMCG giants like Hindustan Unilever, Procter & Gamble, ITC, Colgate-Palmolive, and Johnson & Johnson also made numerous offers.

Enrolling in Career Launcher CAT classes in Pune is the first step toward securing admission to prestigious IIMs and unlocking lucrative internship opportunities.