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IIM internships soar in season of turnaround
If summer internships at top companies are any indication, India seems to have put the economic slowdown behind it. Finance and banking firms are lapping up students from premier business schools.
If summer internships at top companies are any indication, India seems to have put the economic slowdown behind it.
Finance and banking firms are lapping up students from premier business schools.
The Indian Institute of Management, Bangalore (IIM-B) bagged 180 ‘slot zero’ (first two days) offers for its batch of 348 first-year students.
The country’s leading B-school, IIM-Ahmedabad, had earlier said all its students were placed in just four days.
At IIM-B, the entire batch of 348 students was recruited within five days.
IIM-Calcutta placed all its 407 students in six days. IIM-Kozhikode, with more than 309 students, finished its summer placements in four days. At IIM-Lucknow, half the recruiters were from the financial sector, a 25 per cent rise from last
year, in the first phase of placements.
Summer placements are significant as many firms have a ‘pre-placement policy’. They often make final offers after evaluating an intern’s work for around two months.
High-profile recruiters included Goldman Sachs, Citigroup, The Royal Bank of Scotland and Standard Chartered.
(inputs from state bureaus)
