Internship: A Boon
Experience is turning into a critical aspect for employers when deciding who gets their foot in the door. It is strongly counseled that students and graduates take internship opportunities to complete a short-term work experience, which will ensure them a competitive advantage over their peers; and that is where an internship can make all the difference.
So, what is an internship?
An internship is an opportunity offered by an employer to potential employees, to work at a firm for a fixed period of time. Interns are usually undergraduates or students, and most internships last between a month and twelve months. Internships are usually part-time if offered during a university semester. However, these can be full-time if offered during the vacation periods.
An internship is a short-term work experience, which gives students and graduates some entry-level exposure to a particular industry or field. During this ‘on-the-job’ experience, students and graduates invest their time working on relevant projects, learning about the industry, making connections, and developing both technical and soft skills required in a given industry or field. Internships sometimes even lead to full-time job offers.
What do you get out of the internship?
An internship gives you a real insight into the world of work. It is an opportunity to speak directly to people who have experience in the role you aspire to; and explore your career options and gain an insight into an organisation or career path. It allows you to build on the theory you learned at university and helps you gain practical skills, which will help strengthen your CV and make you more employable.
In short, internships can help you figure out what you want to do with your career and then make it easier to land your first full-time job in that industry or field.
More valuable learning experience
Internship establishes a path for students and graduates to validate the university’s curriculum in a working environment. It results in –
- More competitive and employable graduates
- Increased program credibility
- Industry connections
Paid and unpaid internships
Internships can be either paid or unpaid. The trend is increasing towards the former, as unpaid or voluntary internships are often cited as exploitative. Internships that pay well are usually the most competitive.
Not all internships guarantee employment
While it is true that companies use internships as talent pipelines to fill their own full-time positions; at the same time, the employers do not guarantee employment upon successful completion of the internship.
Banking internships prepares students and graduates for a career in investment banking, retail and commercial banking, consumer finance, accounting, or financial services in general. It provides practical experience and helps to absorb protocol, methods, and standards for departmental duties while aligning with business values and policies.
Bank interns have an opportunity to work with some of the most respected institutions in the country and network with established, senior management professionals.
There are few universities that provide a structured paid internship opportunity to students and graduates to explore banking and financial services career aspects.
Click here to grab one such opportunity and make an exhaustive use of it to achieve a bright career path in banking and financial services. It is high time you put yourself through the industry experiences while earning your postgraduate degree.