Founded in 1984, ICFAI is one of the prominent names among top B-schools dedicated to providing top-notch education to future leaders of the business landscape. With students reaching across the nations, the ICFAI Business School’s placements are now categorized among the best.
It’s all due to the significant contribution of ICFAI in encouraging students to participate in various activities that help shape their overall personalities. One of the key pillars of this approach is summer placements, playing a pivotal role in shaping the future of its students.
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Numerous leading companies go to IBS campuses each year to offer exciting summer internships. On this walk-through of the IBS Summer Placements season, many fascinating insights are unveiled for the students. In this article, we attempt to unwrap and share these experiences!
Why Not to Skip the Summer Internship Season?
The IBS campus becomes both exciting and intense as summer approaches. The season marks the beginning of internship opportunities. But the thrill begins well in advance during pre-placement preparation.
To ensure students not only make a lasting impression but also secure the most desired job offers, the campus employs a multifaceted approach. Here’s how it all goes:
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Curriculum Keeps You Updated:
IBS ensures that you are well-versed in the latest company demands and knowledge by offering a curriculum that is market-oriented and contemporary. This means that before you appear for the summer internships, you are equipped with the most recent and relevant skills and information.
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Networking Opportunities:
IBS Internships provide a platform to connect with professionals in your field, paving the way for lasting connections. These connections may lead to future job opportunities or even lifelong friendships as you will be working closely with industry insiders.
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Resume Building:
Whether paid or unpaid, the experience gained during this summer season contributes to your skill set. Aligning your internship with your field of study enhances your chances of landing a job post-graduation, potentially with the same company you interned for.
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Improved Job Prospects:
Pursuing an internship related to your major can significantly enhance your job prospects after higher studies. Employers often prefer candidates with industry experience, appreciating the practical knowledge gained during internships.
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Exploring Preferences:
One of the best parts is that internships serve as a trial period to discover your likes and dislikes within a specific career field. If you find yourself not enjoying certain aspects of the job, it's a cue to explore alternative career paths.
Summer Placement Program
ICFAI Business School (IBS) takes a distinctive approach to practical training through its Summer Internship Program (SIP). This program typically begins in late May or early June, lasting 14 weeks.
The summer internship program also works as a short-term work placement program. To most students, it is like a break between the first and second years of their MBA, but to others, it is a life-changing occasion, aiming to provide students with hands-on corporate exposure. Whereas most students bag the highest job offer.
Purpose of SIP:
Recognizing that many students entering the management program lack work experience, IBS believes that a more extended exposure to the corporate environment is crucial. The Summer Internship Program aims to equip students with practical skills, preparing them to face real-world business challenges upon graduation.
SIP at IBS:
Unlike many other business schools, SIP is not just an optional add-on at IBS; it's an integral part of the curriculum. Faculty members closely supervise the program, making it a significant and structured process. The goal is to offer students a platform to engage in real-life projects, fostering a deeper understanding of the corporate landscape.
Duration and Structure:
The 14-week format provides ample time for students to immerse themselves in their projects, ensuring a comprehensive learning experience. This extended duration allows students to take on and complete meaningful, value-added projects for the companies they are associated with during the program.
Faculty Involvement:
One standout feature of SIP at IBS is the rigorous faculty monitoring system. This ensures that students are actively engaged in their projects and that the work meets the satisfaction of senior management within the company.
Prominent recruiters featured during the IBS summer internship
The IBS Summer Placements Season reveals an exciting landscape of opportunities all across its nine IBS campuses, scattered across different states and cities. Let's look at the prominent recruiters who have made a mark during the IBS Summer Internship at its campus individually.
IBS Hyderabad:
At IBS Hyderabad, the summer internship program boasts an impressive line-up of recruiters, including Aditya Birla, Bajaj Allianz Life Insurance, and other top-notch companies.
IBS Mumbai:
Institutions like ICICI Bank, PWC SDC, Kotak Mahindra Bank, EY GDS, and Deloitte Consulting can be seen during summer internships at the IBS Mumbai campus.
IBS Ahmedabad:
The IBS Ahmedabad summer internship witnessed the involvement of renowned recruiters such as Amul, Apollo Munich, HDFC, Hinduja Group, and ICICI Bank.
IBS Gurgaon:
In Gurgaon, the summer internship scene is dominated by Black Rock Services, Ernst & Young, and HCL Technologies.
IBS Dehradun:
Dehradun's IBS campus has also attracted recruiters like Deloitte, ICICI Securities, and Vodafone.
IBS Kolkata:
Kolkata's IBS campus 2023 line-up, featuring Google, TCS, and PWC, demonstrates the campus's environment during summer placements.
IBS Pune:
Pune's IBS campus also welcomed HDFC Bank and ICICI Bank, along with HCL Technologies and UpGrad.
IBS Jaipur:
In Jaipur, the 2024 summer internship recruiting class included names like HDFC Bank, ICICI Bank, and Lloyds Ventures.
IBS Bangalore:
Bangalore's IBS campus also shakes hands with industry leaders such as TCS, KPMG, L&T, PhonePe, and REDBUS.
The placement details including average CTC and highest CTC of the recent batch have been disclosed in the table above.
IBS Final Placements
The placement rate across IBS campuses ranges from 90% to 99%. The sector-wise distribution reveals that the banking, consulting, and financial services sectors often bring the majority of the job offers to the IBS campus. The final placement typically starts in the middle of the fourth semester and can last until the end of the academic year.
For the final placements, you need to register with the institute's placement cell. It's usually a straightforward online process. Once you're registered, you can put your best foot forward. Start by crafting a resume that showcases your skills and achievements. Luckily, the IBS faculty helps you with that.
Conclusion
The IBS Summer Placements season is a life-changing experience. Through the summer placement program, the campus aims to provide its students with practical exposure to corporate life. The efforts put into SIP have not only provided students with valuable experiences but have also paved the way for pre-placement offers. This, in turn, solidifies IBS's relationship with various industries, making it a win-win scenario for both the students and the companies involved.
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