ISB&M Pune: Benefits of an MBA Internship

Despite the growing trend of MBA students taking advantage of the summer break to start up businesses, most students still choose to apply for internships.

Internships are key to adding experience to your MBA resume, they can also help you jumpstart your career in a number of ways. If you are still mulling over an internship for this summer, consider the following:

Internships give you an edge.

Internships are a great way for you to gain relevant experience, skills, and knowledge in a specific industry or field. An internship is also a win for employers since they get the chance to see you in action and assess your fit with the company’s culture and working standards. Many companies look to their own interns as the best potential candidates for full-time positions. An MBA internship will not guarantee you a full time position but, if you performed well, there’s a good chance the company will extend you a job offer once you graduate.

Internships have a positive impact on graduate salary.

Even if you land an unpaid internship, consider its impact on your future salary. According to The Graduate Management Admission Council®(GMAC®), Class of 2012 graduates who received a job offer through an internship got a better salary than those without an internship.  Graduates with an internship got a salary increase over pre-degree earnings of 84% compared with an increase of 70% for those who received a new job offer at graduation without an internship.

Internships help you connect.

Being an intern exposes you to excellent professional connections in and outside the company. During your day to day you may interact with professionals at financial institutions, service providers or consulting firms the company works with. Make sure you invite people you meet on the job to join you on LinkedIn and that you ask for references where appropriate. Don’t make connections only because they can help you land a job, also look for contacts that can act as mentors or coaches throughout your career.

Internships help you choose a career path.

If you are still not sure about the industry or field you would like to pursue a career in, an internship is an excellent way of finding out if you feel comfortable in a given position within a specific business context. Make sure you gather all the information you need to make up your mind during your internship, talk to peers and supervisors and ask all the questions you need to properly evaluate the pros and cons of your decision.

Lets take a glance at the Internship scenario of ISB&M Batch 2016-18

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