Let’s understand, what is an internship.

An internship along with professional training also provides practical learning implications that help students gain experience and knowledge related to the field of study or career interest.

Now, what is SIP?

SIP is a Summer Internship Program with a duration of 14 weeks offered by all 9 campuses of ICFAI Business School. It starts in February and ends in May. It is mandatory for all the students as a part of their PGPM/MBA program. IBS provides an opportunity for interested students to apply for as many companies as they want to apply for their SIP and gives them a chance to choose among the various companies.

SIP is considered to be the most crucial decision for all students. It helps a student to gain exposure and ample knowledge about the industry and how corporate works. It also helps the students practically learn about the domain in which they want to pursue their careers.

Internships not only provide experience but are also a fruitful source of connections and acknowledgment regarding the working environment and people working there.

At IBS, since the start of the second-semester students are brushed up with all the requirements to get ready for SIP. 

How to appear for an interview? 

How to carry yourself? 

What to say and what to avoid in an interview? 

What type of questions could be asked in an interview? 

IBS provides its students with the best source of learning. Students are prepared for every step. With great enthusiasm and energy, every student with great excitement starts their preparation for the same.

Seniors become a great source for gaining knowledge from their experience, which eventually helps juniors gain insights about their SIPs. Many companies come for SIP to offer students with differential roles. These companies with their code of conduct, organize their selection process at various stages for interested students. 

A proper briefing is being given to all the students regarding the whole SIP process from the start till it ends.

This briefing is conducted by the Summer Internship Program Cell, wherein the students are briefed about the whole process by the Senior Director. During the SIP, every student is appointed one faculty guide and one company guide to acknowledge the work of the students performing under them. 

Students are prepared with the required skills like:

1. Communication Skills

It is one of the most important and required skill sets in each domain. Great communication power brings along a lot of excellence in the area of accuracy and timely delivery of information in the best possible manner. The ability to communicate effectively is certainly one of the most important skills one should possess to make the flow of information 

effectively.

2. Organizational Skills

Organizing is a technique of scheduling things in a straight line in the order of priority. With this skill, it becomes easy to process things on time and deliver the highest quality output. 

3. Initiative

The one who initiates gets the opportunity first. This trait helps an individual become independent in the decision-making process and also helps in the right implication at right time.

4. Adaptability and Flexibility

With different working environments provided by different organizations, adaptability has become one of the major factors one should indulge in. This helps in smooth working for an individual. This also develops flexibility.

5. Problem-solving and Decision-Making Ability

With appropriate leadership skills come problem-solving skills. Initially, the identification of the problem is the biggest task followed by the solution to be incorporated. The efficient implication of the solution is done only with effective decision-making ability. Not only in corporate but at every stage, it is important to have a strong hand in problem-solving and decision-making ability.

6. Interpersonal Skills

It includes soft skills, teamwork, good communication skills, collaborative working ability, leadership skills, and many more. These help in upscaling oneself.

7. Inquisitiveness

Curiosity helps in taking initiative at every possible stage. This helps in building a sense of interest in accomplishing the desired goals increasing the efficiency of an individual. 

8. Planning and Prioritising Skills

Better planning and proper prioritizing of important things increase productivity, efficiency, impact, and organization.

Better planning comes with proper time management. It avoids stress management and helps in achieving success.

When given conflicting situations or several tasks all with a high priority and less time, proper prioritizing plays an important role.

9. Critical Thinking

In an organization, critical thinking often differs from the working environment of different organizations. Critical thinking goes hand in hand with making good decisions and being well-informed about all the possibilities. It prepares you to answer difficult questions, equips you to back up your reasoning with adequate proof, and your ability to view issues from all perspectives.

10. Integrity

Not just honesty is a part of integrity, but ethical working and a sense of accountability also fall under it. Committing mistakes is still OK, but hiding them is not. As humans we tend to make mistakes and accepting them is the best inherent integral value one should possess.

At IBS, it is such a good environment provided to students that they can freely ask their queries related to anything which helps them make better decisions, build a strong base for communication eventually inculcate leadership qualities that help in planning more efficiently, and work more effectively, making the most out of it.

In the end, we can say that this becomes the start of students’ corporate journey and the exposure that student gets at their SIP stays with them forever like remarkable learning.

Stay ahead with the internship!

Ishita Jain

Batch 2022-24

For management students, a summer internship is a fantastic learning opportunity. It gives you the chance to put what you’ve learned into practice, test your theories, and hone your professional and interpersonal abilities in a practical situation. You’ll be able to stand out from other applicants using this. A terrific professional and social experience can be had through an internship. There is no other method to learn how to effectively lead others and collaborate with a team. A summer internship is crucial for an MBA for this fundamental reason. A summer internship program is a perfect opportunity to explore career options and grow personally while immersing yourself in new experiences and exploring new places with friends.

The importance of Summer Internship Programs is listed below:

1. Networking: Internships are a great way to network with people in your industry. If you’re living and working with people in your field, you’re bound to make lasting connections that can help you in the future. That connection could be your next job or even a lifelong friend! Whether you’re working directly with an executive in your industry or with someone who works for them, you’ll have an insider view of the industry that no one else will have. This insider view can give you an edge when it comes time to apply for jobs because you have connections that others don’t have. Even if you don’t meet the CEO, you’ll still be working with people in your industry who can help you get jobs in the future and make lasting connections.
2. Builds your resume: A summer internship can be a great way to build your resume. Depending on the company or industry you choose to intern with, you may be able to add that experience to your resume and get hired by your mentor company after graduation. Depending on the internship, you may be able to add it to your resume as paid or unpaid experience. It’s helpful to find an internship that is related to your field of study so that you can use your experience to help in landing a job after your higher studies. Remember to keep track of all the skills you develop throughout your internship. It doesn’t matter whether your internship is paid or unpaid, this phase in a management student’s career is considered the learning phase, during which he/she can apply the theoretical concepts in real life scenarios.
3. Better job prospects: If you’re pursuing a summer internship program that is related to your major, you may be able to use your internship to help you find a job after your higher studies. For example, if you’re pursuing a degree in journalism, you could intern at a newspaper or magazine. If you’re pursuing an internship in the field you plan to go into, it can be much easier to find a job after your higher studies. Employers are often inclined to hire people who have worked in their industry because they can bring their knowledge from the internship into the company.
4. Discover your likes and dislikes: A great thing about internships is that it can help you discover what you like and don’t like about a certain career field. For example, if you intern with a magazine and realize that you don’t enjoy writing for magazines as much as you thought you did, you can explore other career paths. If you don’t enjoy what you’re doing, there’s no point in pursuing a career in that field. It’s a good idea to pursue a summer internship program in a field that you’re interested in so that you can discover whether or not it’s right for you.
5. An opportunity to work with smart and talented people: You may find working at a company where employees are eager to arrive every day invigorating and enjoyable if you are able to thrive off of ambient energy. You’ll likely have a more enjoyable experience and be more likely to seek out a similar workplace culture in the future if you seek out an internship at a firm where people are enthusiastic about what they do.
6. Access to mentors: While choosing a profession, it’s critical to have mentors who can guide you through the professional environment. Seek out workplaces that offer an infrastructure for interns to meet senior executives. Not only will this increase your exposure inside the firm, but you will also learn from people who have been working in the business or industry with expert-level knowledge.
7. Validating theoretical knowledge: By putting what you’ve learned to the test, you can confirm your interest in the sector you’ve chosen. Consider whether you could see yourself doing this for the long term and seize the chance to investigate various career options within your field of expertise. The chance to experience a potential professional path without having to commit to it long-term is provided by internships. Use this opportunity to better grasp what you enjoy doing.
8. A kick start to earning: Money shouldn’t be the sole consideration while selecting an internship, but it should be kept in mind, especially if you depend on it for support during the academic year or the summer.

ICFAI Business School is one of the fastest growing B-Schools in the country and offers an elaborative 14-week Summer Internship Program that assists the students in developing skills that the recruiters look for in a candidate. Furthermore, a 14-week long period also makes a student habitual of the industry dynamics.

Gaining experience in the workforce before entering the corporate world after graduation is crucial, but you also want to be sure that the internship you select will be advantageous to you in multiple ways. You’ll locate the ideal internship by using these suggestions.

All the best!

Shreya Sahni

Batch 2022-24