110 IIMB students get foreign internships

For the first time, Indian Institute of Management Bangalore (IIMB) will have 110 students interning aboard.

Of the 249 students who got internship offers, 68% accounted for investment banking followed by 17% for management consulting firms.

The summer internship is considered an indicator of the hiring trends at most of the IIMs during the final placement. Most students manage to get pre-placement offers (PPOs) in companies where they intern. Of the 253 students in IIMB who did their summer internships during 2006-07, about 90 students have been given PPOs by the respective companies.

"Usually over 40% of the students in any batch do not have any work experience. The summer internship programme provides them an opportunity to work in a business environment and to hone their skills for the final placement. In the present batch (2007-08), about 80-100 students are sitting on PPOs based on their performance during the summer internship programme," said Professor Sourav Mukherji, placement chairperson, IIMB.

In 2006-07, 101 students did their internships abroad. Over 100 companies flocked to IIMB campus this year to select candidates. Prominent among those were Lehman Brothers, J P Morgan, Barclays Capital, Goldman Sachs, Boston Consulting Goup, Morgan Stanley, Bain & Co. and McKinsey.