The Summer Placements held during the Summer Internship Program at ICFAI Business School is a key part of their curriculum. It helps students learn about the corporate world and improve their skills for better job placements by working in various fields and real-life situations. Students also get to improve important soft skills like time management, cooperative spirit, networking, and presentations.
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It is a great chance to build stronger connections with the industry. During their internships, students can keep up with new business trends. This keeps them informed about current events in the industry.
To find out more about IBS's Summer Internship Program (SIP), keep reading. Discover here the top features of summer placements, their advantages, and the reasons that shouldn't be overlooked by any MBA/PGPM student.
Structure of the Summer Internship Program (SIP)
The SIP at IBS spans for 10 - 14 weeks, typically conducted in the 2nd year of the MBA/PGPM program, between 3rd and 4th semester
Students can thoroughly immerse themselves in the corporate environment throughout this extensive time, working on actual initiatives that have a big impact on the organizations they intern with.
The program's careful design ensures that students can apply theoretical principles to real-world business difficulties by bridging the gap between academic learning and practical application. Thanks to Career Management Centres located at IBS campuses for guiding students on placement matters during these crucial 14 weeks.
The IBS corporate relations team assists and organizes the application process for internships. This team collaborates broadly with a range of sectors to find projects that fit the student's interests and goals for their careers.
Moreover, IBS uses rubrics to evaluate soft skills and summer internships. Rubrics are measurement tools that define the levels of each learning component in a measurable way, helping both students and faculty assess outcomes clearly.
Guidance from Faculty and Industry Mentors
One of the best parts of the SIP at IBS is the strong mentorship from both faculty guides and industry mentors. Faculty guides are essential in offering continuous support throughout the internships.
They help set goals, structure the project, and create the Summer Internship report. They also assess students' performance in collaboration with industry mentors to provide a thorough evaluation of their progress.
Industry mentors, on the other hand, guide students through the complexity of the corporate world by offering supervision and practical insights. Students and faculty members gain from this dual mentorship model, which not only improves the educational experience but also fortifies the ties between industry and academia.
Why You Shouldn’t Miss Summer Placements at IBS?
Application for Classroom Learning
Summer placements let students take what they've learned in class and apply it to real business situations. This hands-on experience helps solidify their understanding and prepares them for future career challenges.
Learning Corporate Culture
Working in a corporate setting exposes students to different organizational cultures, work ethics, and professional standards. This experience is invaluable as it helps students quickly adapt when they start their full-time jobs.
Networking Opportunities
The Summer Internship Program (SIP) blends academic learning with practical training, providing industry-related, hands-on experience in various careers. It also helps students build future employment contacts by networking with potential employers. Many students even secure pre-placement offers (PPOs) based on their performance during these placements.
Impact of SIP on Career Prospects
Better Job Options
The experience IBS students gain during summer placements makes them very attractive to employers. Companies appreciate the hands-on knowledge and skills students pick up. Many students even get pre-placement offers (PPOs) from their internship companies, which greatly enhances their career opportunities. Students can make more informed decisions regarding their future careers as a result of this exploration.
Opportunities in Various Sectors
IBS students get placed in a wide range of sectors, including banking, finance, IT, marketing, and human resources. This variety allows students to explore different fields and find careers that match their interests and goals. For instance, during the 2025 placement season, students secured positions at top companies like Wipro, Zomato, Deloitte, Oracle, KPMG, and EY.
Good Compensation
The stipends IBS students receive during summer placements are quite competitive. This financial support helps during the internship and sets a standard for their future salaries. The average stipend varies across sectors. However, top-performing students often get very attractive offers.
Conclusion
IBS's Summer Placement Program (SIP) gives students a golden opportunity to gain practical industry experience that they shouldn’t miss. Your chances of getting employment significantly increase by enrolling in this program. Since the advantages are obvious, every MBA and PGPM student ought to seize this chance.
There are benefits beyond work experience for those who take part in IBS's summer placement program. It's about building a network to assist in your professional development and directing your career path. So, don't pass up this opportunity to develop, learn, and succeed.
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