The summer internship season that would have ideally begun in April in most IIMs will now be held in the virtual world. Some internship offers have been deferred owing to the coronavirus lockdown.
“In a recent meeting attended by IIM professors and prominent recruiters, it has been agreed upon to let students take internships online. Also, as opposed to the 10 weeks that students are given to complete the internships, they will now be given 14 weeks considering the ongoing situation,” says Amit Karna, chair, placements at IIM Ahmedabad.
There have only been two instances where the internship offers were withdrawn and the students were asked to look for other opportunities, adds Karna.
Around a third of these summer internships lead to pre-placement offers (PPOs) at IIMs.
There are also growing concerns about the placements being disrupted even at premiere institutes. “The final placements are not time-sensitive as they are held around October-November and if needed, provisions will be made to conduct placements online,” he adds.
Most students are concerned if the current situation and the potential will affect the packages offered to pass outs from premiere institutes. “So far we have not seen any change in the packages being offered by the industry. The pass out students will join the marketplace next year and the packages will be determined by the economic situation then,” adds Karna.