Summer Internship Process
The Summer Internship Program is meant to bridge the gap between the real-life business and academic institutions. It is a simulation of the business environment and enables students to experience the rigors of a business organization.
The objectives of Summer Internship include:
- To provide students with opportunities to apply the concepts learnt in the class-room to real-life situations
- To sensitize students to the nuances of a work place by assigning time-bound projects in a company
- To provide students a platform to network which will be useful to further their career prospects
The Summer Internship Program emphasizes the evaluation of the student’s work at the work center with active involvement of the senior management. These efforts have strengthened the close industry relationship at academic centers and have also paved the way for pre-placement offers to the students
As a course requirement, every MBA student of IIM Calcutta is expected to complete an 8-week industry internship in the summer between the first and second year of the course. The summer placement process is held to facilitate these internships for the students. Most firms offer students full-time positions based on the internships (pre-placement offers). The summer internship process gains importance as many firms (especially investment banks) hire on a strict PPO policy – they hire interns and after evaluating their work for the two months, make them a pre-placement offer (PPO). Most of these firms then do not hire from campuses during final placements.