MBA summer placement is a time that involves plenty of buzz and activity in all the top-rated business schools. However, there is a common tendency among the students to not take this activity very seriously. Here in this article we’ll acquaint you with some of the top reasons why MBA summer placement should be given plenty of importance.
Best opportunity to get some mid-level management exposure
Regardless of the fact that MBA summer placement happens after the first year, it’s something that provides every MBA student an excellent opportunity to get some mid-level management experience under his/her belt. The summer internships equip students with relevant industry exposure and some core knowledge that can hold them in good stead for the electives in the second year of the MBA program. Such exposure is all the more critical for freshers who have never had any industry exposure. Apart from that students are able to get a real feel of the specialisations they’ve been wanting to opt for, enabling them to assess if a specific specialisation is really something they would like to pursue going forward or not.
MBA summer placement also gives the business schools a direct feedback from the industry about what is expected from the current batch, and how they would like these students to shape up after the end of the program. Such feedback is very important for the placement teams as they can prepare the students well in advance before the final MBA placements.
Apart from that, many MBA institutes are now setting up their own curriculum advisory boards, involving people from the industry to make their programs more relevant for the industries’ requirements. All such feedback obtained from the industry is often incorporated into the curriculum upgrades.
Summer placement is a good indicator of the final placement
As there is only a few months’ gap between the summer placement of the junior batch and the final placement of the seniors, the former provides a good idea about the mood in the industry, and how well the latter would go. MBA summer placement also provides a fair idea about the upcoming sectors which will provide maximum job opportunities in the future.
Apart from that PPOs or pre-placement offers, which are usually a direct result of MBA summer placement, are also very good indicators of how the final placements will go. If an Institute manages a good number of PPOs for an MBA batch, the final placements automatically become much easier.
Holds a lot of strategic importance for the corporates
MBA summer placement saves the corporates the trouble of investing plenty of effort and time again when they have to permanently hire the candidates. In fact majority of these companies approach summer placements with PPOs in their mind. Anyone who fits well into the company during the internship period automatically becomes a better cultural fit for the organisation and gets an edge over the others. That’s also the reason why more and more companies spend a considerable amount of time hiring students for the MBA summer placement. They normally look for a long-term association than just a one-time short stint.
Has a lot of relevance considering the stiff competition amongst the business schools
With more and more number of reputed business schools opening in the country, including several new IIMs, there is a stiff competition between all of them when it comes to the job opportunities. This is all the more applicable to the private business schools whose next year admissions greatly depend on the placement figures of the present year.
In order to have more and more companies over for the campus recruitment, business schools need to develop a working relationship with them. The beginning of this relationship happens with the summer placements. Generally it has been seen that a corporate will make more number of offers to a specific business school if it had hired a good number of students from that institute during the MBA summer placement too.
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