Interesting Facts about MBA from IIMs
Greetings Aspirants!
Do you know? (Interesting fact about MBA from IIMs) Summer Internship: Summer Internship is necessarily a mean to bridge the gap between B- Schools and Corporate world. It helps the students to apply concepts learnt in class to actual business situations. Internships also provide a great platform for students to network which eventually has deep impact on their future career. Summer internship is a mandatory part of MBA programme. Usually internship is for duration of 08 to 10 months. It is of great significance as it allows students to test all that they have learnt in 1st year of MBA by associating with the industry during this period.
They also need to share their learning with the Institute. Internship also gives the student a better understanding in terms of specialization/ electives that will take place in the final year. Quite a few students from IIMs have commanded a stipend of over 1.5 lacs per month. From Industry’s perspective, Internship helps the Companies in assessing the potential of a student. Many a time interns bring in innovative ideas. Many a time findings/ recommendations that are at the end of the project are for implementation by the Companies. Internship opportunities are available in Banking & Financial Services, Sales & Marketing, Operations, IT & Consulting and General Management domain. Students have advantage not only by the experience but also the Pre placement Offers (PPO).
Key point to note is that quite a number of firms (usually investment banks) have stringent policy for pre-placement-offer. PPO in these Companies are open to offers after hiring interns and evaluating their work during the internship. These Companies, usually, do not hire from Campuses during the final placements. Selection criteria for Summer Internships are quite stringent and are very similar to the one for getting an admission in IIMs. The only thing extra required being foundation of the field. Prospective students are shortlisted on the basis of their CV. This is followed by GD and interview. Few companies may also have a written assessment during this stage. A good CV acts as the starting point and should highlight academic achievements and extra-curricular activities.
Why Pursue an MBA from IIM?
Pursuing an MBA from a reputed institute sets a great start to advance in your career. Listed below are some reasons why MBA from IIM is so special.
1. Education from Top Faculty
As IIM is one of the top institutes in the country, it boasts of having the best teaching faculty. Students get to learn from the most renowned names in the field while working. Most IIM professors are also consultants demonstrating how highly skilled they are in their individual fields of expertise.
IIM faculty have decades of industry experience in private, government, and non-profit jobs and are renowned in their fields of specialization.
2. Better Job Prospects
Students at IIMs have been exposed to such high-quality education that top companies are always on the lookout to hire them. Education from an IIM in the CV definitely pushes your application to the top of the pile. Some of the top companies recruiting IIM graduates are.
- JP Morgan Chase
- Morgan Stanley
- Goldman Sachs
- Deloitte
- Barclays
- Accenture
- WIPRO
- ICICI Bank
3. Higher Compensation
Students develop great skills while learning at IIM, which in turn helps them get higher pay than others. Top IIM students have received CTC between 70 Lakhs to 1 crore, while the average package for an IIM graduate can range between 10 to 20 Lakhs per annum. Students who move abroad after graduation from IIM can also expect very good payments.
4. Opportunity for Entrepreneurship
IIM graduates have various opportunities for entrepreneurship and can move back to full-time jobs and their CVs will still hold high value in spite of the gap. So, this is another benefit of why an MBA from IIM is so special that not many other students of other institutes can avail of.
IIM students get the opportunity to connect with people in a variety of jobs and fields and gain valuable contacts to build their professional network.
5. Interaction with the Sharpest Minds in the Country
Only the best students in the country get admission into IIMS due to its high quality of education and stringent admission procedures. Another reason why MBA from IIM is so special is that students get to work with some of the best and brightest minds in the country.
IIMs are home to highly committed and qualified faculty members who are great mentors in addition to being meticulous researchers in their chosen fields of expertise.
6. Campus Events
IIMs are known to have some of the best events and competitions on campus some of which include ITC Interrobang, GSK Stratedge, HUL Lime, and more. Students get to participate in these events which is a learning experience in itself.
Conclusion
For an MBA aspirant, getting into any of the IIMs is of foremost importance. The IIMs are amongst the few institutes that shape the overall personality of the students. MBA aspirants need to go through the IIM list to know more about the different IIMs and their related details. The plethora of things that you will learn at an IIM in comparison to any other B-school cannot be possibly put into words. Overall, the two years the an aspirant will spend at an IIM will improve and enhance their skills more than any other educational field.