Get Instant Loan up to ₹10 Lakh!
IIM Bangalore’s 490 MBA students bag summer internships, rest still in process
- In 2022, all 529 students at IIM Bangalore that took the interviews bagged internships. In 2023, 490 students secured internship placements, that took place between 6-11 November. The institute says the remaining 110 students are still in the process of bagging placements
An 80%, or 490, of MBA students at Indian Institute of Management Bangalore have already grabbed summer internship placements so far, the remaining 110 are in the process and are expected to soon get a placement.
"Summer internships are in April-May. For the convenience and to avoid clashes with the academic schedule, we try to complete the summer internship selection process within a designated week well in advance. This year within the designated week a little over 80% of the batch got summer internship offers.
Due to some factors outside our control (tight job market, proximity to Diwali, etc.) we had to extend the summer selection process beyond the designated week. Also please note that our intake went up by 75 students this year.
Summer internship is an academic requirement. The process to get a summer internship for the remaining students is progressing well and we expect to complete it soon," Indian Institute of Management Bangalore told Mint.
The institute said it took record numbers of students - 600 - for their MBA course in 2023.
According to the course requirements, students enrolled in a two-year MBA programme need to undergo an eight-week summer internship at the end of the first year to be promoted to the second year.
Those with over 34 months of past work experience can only opt out of the internship, however, those students too seek internships as the opportunity involves some remuneration, boosts their CV, and helps their training.
For a two-year MBA programme in IIM Bangalore, a student has to pay ₹24.5 lakh as fees.
In 2022, all 529 students at IIM Bangalore that took the interviews bagged internships, while in 2023, 490 students secured internship placements, that took place between 6-11 November.
IIM Bangalore' reply:
Commenting on the situation, the head of communications at the institute Kavitha Kumar replied, “This reflects the confidence and faith of industry which prefers our students in the market with repressed global sentiment. Nonetheless, it is important to note that a couple of sectors like IT, ITeS, which do volume hiring have stayed away from campuses, this year.”
Her reply also indicated that the institute would help those who had missed out during the interviews. “We are committed to placing all our students and we have received a positive response from all our industry partners…” Kumar wrote.
Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business NewsNewsIndiaIIM Bangalore’s 490 MBA students bag summer internships, rest still in process
First Published:23 Nov 2023, 06:22 PM IST
- Top Gainers
- Top Losers
- 52 Week High