As per reports the 20 leading business schools of country are done with the Summer Internship Programmes (SIP) for the current batch and released the SIP reports (till 31st of March) despite the travel restrictions much before the lock down was announced.
According to many companies it would not be possible to on-board interns anytime soon due to obvious reasons arising out of the current situation. Many in academia too think the remote work or virtual SIPs do not serve the very objective of internships where students learn in a real professional atmosphere.
While the Covid-19 pandemic is forcing all of us around the world to think and work differently it may be soon more of a common thing where virtual workplace is considered real.
Incidentally, directive released by AICTE stated that no institute should allow SIPs which requires travel or go to work place. SIPs which let students to either work from home or campus can be considered by institutes.
The summer internship (SIPs) for the MBA/PGDM Batch 2019-21 reports were released by Indian Institute of Management Calcutta (IIM C), S. P. Jain Institute of Management and Research (SPJIMR) Mumbai, Management Development Institute (MDI), Gurgaon, Tata Institute of Social Sciences (TISS), Mumbai, JBIMS, SJMSOM IIT Bombay, IIM Shillong, IIM Ranchi, IIM V,IIM Shillong, Indian Institute of Management Kozhikode (IIM Kozhikode), IIM Indore among others.
Average stipend for 2 month at XLRI Jamshedpur is 2,40,000 MDI Gurgaon is INR 2,31,000; SIBM Pune is 2,00,000; TISS Mumbai 2,08,000; IIM Kozhikode 1,68,000. IIM C PGDBA average monthly stipend is 1,31,087.
Despite the COVID-19 threat, which has been spiralling for the past months, the placement season for the class of MBA 2018-20 went on well. More than 20 Business Schools have already released final placement report for the batch 2018-20.
Business School Summer Placement Report for the Batch 2019-21.
IIM C (PGDBA Program)
SJMSOM IIT B
MDI Gurgaon, TISS Mumbai, IIM Kozhikode (IIM K), IIM Indore, NITIE Mumbai witnessed rise in both average stipends and number of internships. E-commerce companies Grofers and Flipkart are leading the market for summer internships while automobile, banking and finance and telecom sectors are absorbing the interns. L’Oreal was found to be paying the highest at INR 320,000 at MDI Gurgaon, so far.
The average stipend for two-month summer internship was INR 2,08,000 (increased from INR 2,04,000) at TISS Mumbai and INR 1,68,000 at IIM, Kozhikode (last year INR 1,71,000).
The average monthly stipend at IIM Calcutta for Business Analytics (PGDBA) rose to INR 131,087, while the highest monthly stipend was recorded at INR 172,000.
Institute of Management (IIM) Indore with highest number of 589 students recorded average stipend of INR 1.68 Lac for two months and the highest stipend is INR 4 Lac.
Institute of Management Visakhapatnam (IIM V) placed 121 students in the batch and clocked INR 2 lac with average stipend of INR 51,726.
At Indian Institute of Management (IIM) Shillong the highest stipend offered was INR 3 Lac and average stipend offered is INR 1.31 Lac.
At NITIE Mumbai, 263 students from the PGDIM and 17 students from the PGDISEM clocked average Stipend INR 1, 85,796. The highest stipend stood at INR 3,40,000. * INR in Lac.