Downturn dries up MBA summer internships

Updated on: 10 April,2009 09:01 AM IST |
Debarati Palit |

Nearly 40 per cent of city B-school students are stranded without internship offers because companies have just no work. Debarati Palit reports

Nearly 40 per cent of city B-school students are stranded without internship offers because companies have just no work.u00a0Debarati Palit reports

While the internship season is still a week away most students in city B-schools have yet to land placements.

Ashay Khopade, a student in a leading management institute, and a member of the institute's placement cell, said, "Students, who have managed to land internships in fields like insurance, loans and credit card marketing, have used the influence of our faculty members or through personal contacts.

Students are willing to work for a pittance. The fact is, very few companies have job offers."

Pay to get jobs

Ankush (name changed), who works with the college placement cell, said, "Sixty per cent of students have landed internships.

The remaining 40 per cent are getting so desperate that they are paying consultants to land jobs."

Sanjay Sathe, director, Impetus Placement Consultants, said, "On an average, we get calls from at least five students for arranging summer internships."

Another business development executive working with a placement consultancy, said, "We get more than 15 calls a day from students who are willing to pay between Rs 2,000 to Rs 3,000 to get summer training.

Placing them is a problem as companies do not haveu00a0 worku00a0 these days."

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