Are you hesitant about applying for an internship while completing your MBA degree? Statistics suggest you shouldn’t be, so why not take the plunge? Here is an overview of recent trends in MBA internships, gathered by The Economist.
Helpful for: MBA Students
Read Time: 6 minutes
- Internships are becoming essential to secure a job at a well-recognized firm.
- 90% of companies surveyed by GMAC in 2017 reported offering internships to students.
- In a large pool of successful MBAs, sometimes a strong CV is not enough for a company to hire a student for a full-time position, so instead it opts to test the waters out first.
- Budget cuts are one reason firms are increasing the number of internships offered to MBA students.
- Michael Schade of IBM estimates that one in four interns in his company has a postgraduate degree. He adds:
Seeing MBA students in a business environment also helps the company to decide whom to employ in the future. We’ve found the idea of ‘try before you buy’ quite successful in a very competitive market. A very high percentage of MBA interns are offered a job at the end of their program—probably more than 75%. They arrive in every arm of IBM’s business.
- Companies view internships as a way to avoid making a hiring mistake. Once you are accepted as an intern, try your best to perform well, stay motivated and your position might become a permanent job.
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Source: The Economist