MBA Internship update from campus
There have been mixed reactions from the management institutions. Companies that used to go to a number of campuses have restricted themselves to fewer institutes this year. For example, retail companies recruited in large numbers last year. This year, not too many of them were seen at the campuses.
Management Development Institute (MDI) Gurgaon: The summer placement process has been slow this year vis-À-vis previous years. The institute invited almost double the number of companies that it did last year to avoid any fall outs. Public sector companies such as IOCL were recruiting in large numbers this year as compared to previous years.
IIM Bangalore: 110 companies recruited, out of which there were 56 new companies.
Indian Institute of Foreign Trade (IIFT) Delhi: Did not see a decline in the number of companies participating in the summer recruitment. 17 of the students are yet to take up projects, the rest have got decent internship programmes combined with industry-standard emoluments. The institute saw a rise in the average stipend from Rs 28,000 last year to Rs 35,000 this year.
Institute of Management & Technology (IMT) Ghaziabad: There has not been much change in the pattern this year except that there is a drop in the number of banking and insurance companies participating, but all our students have got very good internship projects and have been placed extremely well.
IIM Ahmedabad: 100 per cent placements. Close to 300 students of the post-graduate management programme got placed for summer internship programmes. Surprisingly, for a batch of 21 students of the two-year agri-business programme, there were 28 offers made by the participating companies. A lot of students declined overseas offers to take up domestic internships. The Planning Commission was also present at the campus and made four offers.
IIM Kozhikode: 100 per cent placements. Saw an increase in the number of firms to 102 from last year’s 66 participating in the process. Companies such as HSBC, Standard Chartered Bank, Coca-Cola and Nestle were seen recruiting for summer internships at the Kozhikode campus.
Faculty of Management Studies (FMS) Delhi: 100 per cent placements
IIM-Lucknow: Summer placements results did not witness any change in the trend except that a lot of students opted to intern with start-ups.
XLRI Jamshedpur: Over 200 Internship Offers were made for a batch of 180 students
Bottom line:
Contrary to claims of many of the IIMs, insiders revealed that at some of these premium institutes, professors have given internal projects to students to achieve the 100 per cent mark. And, that the situation does remain a bit gloomy at these premier institutes as well.