What is Industry Internship Program (IIP)?
The IIP is an award winning intervention in the curriculum and is a graded program. It implies that a student has to work not only for the prospects of the job but also curate a good CGPA along with the help of their faculty mentor.
The IIP is a four and a half month programme that is inculcated within the syllabus offered to the students. It is mandatory for every student after the successful completion of all the other courses, amounting to 90 credits. The IIP is a 20 credit program that applies to students who have completed 4 terms on campus. The entire 5th term is dedicated solely to this program.
The recruiters will have the advantage of on-boarding the selected students as interns with their company for a period of four and a half months and may absorb them immediately as final placement soon after the completion of this term, based on their performance. A Recruiter shall get a management graduate as full time intern reporting to them directly on a daily basis.
About IFIM IIP
IIP is integrated entirely into the curriculum and carries 20 credits. The entire 5th term is devoted to the IIP. Unlike other business schools that follow the conventional 6-8 weeks' summer internship program, IFIM has a unique internship model which spans over four and a half months.
Advantages of IIP
- Provides a transitioning bridge between theory and practice
- Enables on the job training for the students to experiment and 'learn by doing', in a real work environment
- Ensures greater access to the faculty who offers student mentorship and evaluation to make them industry-ready during the internship
- Building the 'currency of knowledge' through student engagement with the industry mentors
Scope of IIP
IIP has been very well-received by recruiters across industries for its unmatched exposure and valuable learning-on-the-job. Students over the years have benefited from the internship for its practical edge and industry experience.
The advantage for the recruiting companies is that students have already completed all coursework that is expected from a graduating student. IFIM students pursue their internships with leading companies which adds to their repertoire of achievements and accomplishments.
Why IIP was created?
In an effort to create industry ready management graduates, Institute of Finance and International Management (IFIM) Business School started the Industry Internship Program (IIP). IFIM Business School realized that the conventional summer internship model was not delivering the desired outcome and, has therefore, developed their own model.
Students at IFIM undergo their internships at varied industries such as financial services, marketing, manufacturing, FMCG, IT/ITES, Automobile and consultancy.
Testimonials on IFIM IIP
Sanjay Padode, Secretary CDE (IFIM Institutions)
"We feel that the IIP will prove to be more fruitful than the usual one month summer internship as the students are provided with more time to understand the trade and the functioning of the business. This will help them in the long run to achieve their goals."
Lekshmi Bhargavi, Assistant Vice President HR and Administration, Toyota Financial Services India Ltd
"TFSIN has had a good partnership with IFIM. We have found a high level of talent at IFIM, with the students proving to be highly motivated, culturally adaptable and intellectually curious. Both, during the internship and the subsequent PPO, the Institute has been both proactive and supportive. We will look forward to taking this mutually beneficial relationship to higher levels."
More than 50% of the students have received job offers after completion of their internship. The objective of the IIP is to bridge the gap between theory and practice for the students and to enhance the 'currency of knowledge'.
About IFIM Business School
IFIM Business School, located in Electronics City, Bangalore is one of the top business schools in India. The Business School was awarded the Best Institution for Promoting Industry- Academia Interface at the National Education Excellence Awards 2015, organized by ASSOCHAM India and the most promising B-School with Excellent Industry Interface in Karnataka at the Asia Education Summit this year.
IFIM offers three core programs that are AICTE approved and internationally accredited - PGDM, PGDM-Finance (recognized by CFA Institute) and PGDM-IB (International Business). IFIM Business School is accredited by South Asian Quality Assurance System (SAQS) and is also ISO 9001:2008 certified. The School is a member of AACSB, the top international accreditation agency that accredits top business schools in the world.
Differentiators that propel IFIM to a stratosphere far above its peers in India include a faculty with a perfect blend of industry and academic experience, international collaborations with top American and European top B-Schools for faculty and student exchange programs and its internationally recognized Bespoke Management Programmes.