India’s top b-school graduates are being paid over ₹2 lakh for summer internships

• Recruiters across sectors — automobile, banking and finance, and telecom — are banking on internships to assess potential candidates.
  
• Management has been the hottest sector to enroll in, for internships, at nearly 47%, according to online training and internship platform Internshala.
  
• Top business schools such as Management Development Institute, Gurgaon, Tata Institute of Social Sciences (TISS), Mumbai, Indian Institute of Management (IIM), Kozhikode have seen a rise in the number of internships and average stipend.
  
• Only 60% of students of a total of 360,000 who enroll in post-graduate courses land a management job, according to the All India Management Association (AIMA).

Recruiters across sectors — automobile, banking and finance, and telecom — are depending on internships to assess potential candidates, to hire for full-time roles later on. E-commerce startups such as Grofers and Flipkart are leading the market for summer internships.

Management has been the hottest sector to enroll for internships, at nearly 47%. This is more relevant than ever as companies seek people with real-time experience, according to online training and internship platform Internshala.

Management graduates from top business schools such as Management Development Institute, Gurgaon, Tata Institute of Social Sciences (TISS), Mumbai, Indian Institute of Management (IIM), Kozhikode saw a rise in the number of internships and average stipend as compared to last year.

Management Development Institute, Gurgaon saw a 10% rise in average stipend at ₹231,000 for two-months.

“Summers are important opportunities to spot future talent, so companies don’t risk missing out even if the overall sentiment is sluggish,” Kanwal Kapil, dean of placements at MDI Gurgaon told ET.

According to the ET report, the average stipend for two-month summer internship increased from ₹204,000 to ₹208,000 at TISS, Mumbai while it decreased to ₹168,000 compared to 171,000 last year at IIM, Kozikhode.

Highest paymasters

FMCG (Fast Moving Consumer Goods) and e-commerce companies are the top paying sectors for internships. While L’Oreal was the highest paying employer at ₹ 320,000 at MDI, e-commerce companies like Amazon, Flipkart, and Grofers rolled out the maximum internship offers across these management schools.

“The focus is to bring the best talent. We see any softening of hiring by our traditional on-campus competitors as an opportunity to further strengthen our talent pool,” said Rahul Guha, Managing Director of the Boston Consulting Group, which plans to hire over 100 interns across locations in India.

According to the All India Management Association (AIMA), only 60% of students of a total of 360,000 who enroll in post-graduate courses land a management job.

See also:
Warning! Do not apply to B-schools that don't offer access to internships

The top Indian colleges and organisations for internships, awarded by AICTE

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