Summer Placements Report - Archives
Summer Internships - The Concept
Summer Internship is an integral part of the PGP course at Indian Institute of Management Kozhikode. During their first year, students are trained in functional areas of Marketing, Finance, Consulting, Economics, Organizational Behaviour and Human Resource Management, Operations and Information Technology which orient them towards a business culture. The courses aim at molding their work ethic and developing skills highly valued by the contemporary industry.
At the completion of the first year in PGP course, students spend 8-10 weeks during the summer in the industry. Students are exposed to a real time business environment, and take up responsibilities and goals which aim at being mutually beneficial for both the student and the organization. It serves as a platform for applying the management theories learnt in the classroom and helps in providing clarity about the functional area that they desire to specialize in. Internships thus have a crucial influence on the career path and choice of organization by a student.
Why Should Companies Recruit Interns?
- Internships have a distinct edge over interview-based final recruitment as a method of evaluating potential employees.
- Deserving candidates often get Pre-Placement Offers, and students at IIM Kozhikode have enjoyed a particularly special relationship with their recruiters in this regard.
- Summer interns offer a fresh perspective to projects. They are in a unique position to provide an objective and unbiased point of view about the organization’s work processes.
- The students also act as brand ambassadors for the organization on campus, acting as spokespersons and spreading awareness about the company in general.
The average monthly stipend offered in 2014-15 was Rs.40,000/- while the highest was Rs. 95,000/- per month. In addition to this, to and fro air-fare or II A.C. rail-fare from the Institute/home town to the place of the training was provided by the organizations. Companies also bear any cost incurred related to traveling for the purpose of the project.
The recruitment process for summer internship commences from the first week of October. Companies can plan interaction with the students, either on any prior day or on the day they visit the campus for summer recruitment. Companies can choose any method suitable to them for selecting summer interns.
Companies are encouraged to send us their Job Description at least 15 days in advance. This will enable us to forward the resumes of interested candidates, and any other information that the organizations may require, before their visit to the campus.
Since students are obliged to accept the first summer job offered to them, companies are requested to select students well in advance.