Most Indian B-Schools and departments of Management of Universities do not have the practice of admitting students with corporate experience for their MBA programs. Even at DAIMSR, by and large, the students admitted are fresh from their graduate colleges and lack exposure to companies. On the other hand, companies are looking forward for certain amount of corporate experience/exposure for recruiting the MBA students for placements. Some companies have a policy to employ certain percentage of MBA students through internships only. Internship as a mechanism for partnering between industry and educational institutions is here to stay and flourish. Summer Internships is treated as a compulsory subject in the MBA curriculum. This is done to ensure the internships are taken seriously by the students and companies derive value through internships. The companies, on their part, are offering paid internships to ensure student involvement, targeted outcomes and treat interns as on-the- job trainees providing real business experience. Internships thus facilitate business school students gain work experience demanded by employers.
At the end of second semester examination, every student of MBA undergoes on-the job practical training in an organization. The training is of 8 to 10 weeks duration. During the training, the student is expected to learn about the organization and analyze and suggest solutions of a live problem. During the course of training, the organization (where the student is undergoing training) assigns a problem/project to the student. The student, after the completion of training submits a report to the College/Institute, which forms part of third semester examination.
OBJECTIVES OF SIP