MBA and PGDM Internship:  With modernity and advancement on the rise, the pursuit of a Master of Business Administration (MBA) or a Post Graduate Diploma in Management (PGDM) has become a gateway to lucrative career paths. However, the journey from the four walls of the classroom to the corner office does not rely only on academia, practical experience is equally important and such experiences can only be gained through internships. For every student transitioning from academic to the real professional world is not easy and that is where the role of internships comes into play. Every company wants to see some relevant experience before they offer an opportunity. In fact, employers rely a lot on resumes that showcase work history either through internships, volunteer work, or experience. 

Sunil Kala, the Chairman-Placements of FOSTIIMA Business School- Delhi, underscores the importance of internships in bridging the gap between academic learning and real-world application, particularly for MBA or PGDM students. He highlights why internships are essential for gaining practical experience, which is highly valued by employers in the competitive corporate arena.

In this pursuit, Sunil Kala, the Chairman-Placements of FOSTIIMA Business School shares his expertise, commenting, “Internships are the bridge between academia and the real world. Some recent data reports suggest that more than three-quarters (78.6%) of students participate in experiential learning opportunities throughout college. Before stepping into the professional world, there are certain skills that every company demands. And internships serve as an invaluable stepping stone which bridges the gap between theoretical knowledge and practical expertise. They are the cornerstone of securing lucrative MBA or PGDM placements which propel students towards success in the competitive corporate arena.”

First-Hand Experience to the Real World

Students who are or have pursued an MBA or PGDM are taught to have the knowledge, skills and mindset which are necessary to excel in the corporate world. While coursework forms the foundation of their learning, summer internships provide an opportunity for students to evaluate their academic excellence, concepts, and skills. Whether it's gaining hands-on experience in strategic decision-making, honing leadership skills, or steering through complex organizational structures, internships offer a comprehensive learning experience that cannot be replicated within the confines of a classroom.

Paid vs Unpaid Internships

Whether a student should go for a paid internship or an unpaid internship is a debate that has been going on for a long time. While some say internships are more about experience others believe getting a stipend too is important. According to NACE, paid interns are about twice as likely to land a job after post graduation compared to non-interns. Paid interns get an average of 1.61 job offers after post graduation, while non-interns get an average of 0.77.

In today’s fast-paced world, numerous business schools believe that internships without stipends neither add value to the corporate world nor offer any learning to students. Giving the deserved stipend to the intern creates a strong bond with the intern and the company takes the work seriously and gains the maximum amount of practical knowledge and experience. 

Pre-Placement Offers

Apart from students being able to showcase their academic knowledge and skills, it also serves as a pathway to secure pre-placement offers (PPOs), which can significantly enhance students' job prospects post-graduation. Pre-placement Offer (PPOs) is usually given to interns by their host organisations before the formal campus placement process begins. It is a testament to the intern's performance, potential, and fit within the organisation. Securing a PPO not only provides students with a sense of security but also validates their skills and capabilities in the eyes of potential employers. Some reports suggest that around 23% of internships offer pre-placement offers (PPOs) based on the performance of the interns. Additionally, PPOs often come with attractive compensation packages and expedite the job search process, allowing students to focus on other aspects of their career development.

Build Professional Networks

Internships don’t always turn into a full-time job opportunity. However, the networks and connections one builds during the internship play a crucial role. If a student plans to start something of their own, it is the strong network connections that result highly beneficial. By actively engaging with professionals in their field of interest, students not only expand their network and secure jobs but also open a door to a plethora of career opportunities. 

In short, internships play a vital role in shaping the career trajectories of MBA and PGDM students, providing them with the practical experiences, industry exposure, networking opportunities, and skill development necessary to secure lucrative placements in competitive job markets. As students embark on their journey towards professional success, internships serve as invaluable stepping stones, empowering them to translate classroom learning into real-world impact, and ultimately, to embark on fulfilling and rewarding careers.

Register for Free Mock Test: 

------------------------------------------------------------------------------------

Admission Guidance 2024: WhatsApp https://wa.me/917720025900

Get real-time alerts and all the news on your phone with the all-new VidyarthiMitra app. Download from Google Play

Aptitude Test | Career Counselling | Option From Filling | Admission Assistance | 

Call 77200 25900 or 77200 81400                   

11th Admissions (FYJC) & DTE Cut-off | Cutoffs 2024 |

We bring you the fastest and relevant notifications on Bank, Railways, and Govt Jobs. Stay Connected 
Join us on WhatsApp https://wa.me/917720025900

| Cutoffs & Opening Closing Ranks => CSAB 2024 | JoSSA 2024 | MHT-CET 2024 | MBA 2024 | Pharmacy 2024 | Polytechnic 2024

--------------------------------------------------------------------------------------------------------------------------------------------------------
 Get free Educational & jobs alert on WhatsApp OR Telegram(https://t.me/VidyarthiMitra) Save this mobile number (77200 25900) on your phone as VidyarthiMitra.org and send WHATSAPP message (Your Name, City & Interest)

--------------------------------------------------------------------------------------------------------------------------------------------------------
'विद्यार्थी मित्र' जॉईन करा आणि मिळवा न्यूज, नोकरी, शासकीय व निमशासकीय नोकऱ्यांच्या जाहिराती व माहिती अगदी विनामूल्य ते ही आपल्या व्हॉटस्अॅपवर किंवा* *टेलेग्राम (https://t.me/VidyarthiMitra) हा मोबाईल नं. सेव्ह करून आपले <नाव> <शहराचे नाव> <नोकरी> ७७२०० २५९०० मेसेज पाठवा.