Summer Internships: How to Find?

Summer internships
Summer internships

Last month, I was counseling Mr.Vinay Joshi.

Vinay is doing his post-graduation (PG) from one of the top business schools in India.

He had got an opportunity to do internship with one of the nationalized banks in loan department.

During internship, he was supposed to work on start-up loans and SME (Small and Medium Enterprises) sector.

Everything sounds fine?

Yes…so far.

Vinay had something else in mind for internship. He wanted to do internship in investment bank, but was not sure how to go about it and wanted my advice in this matter.

I saw the projects he had done in first year of PG.

He had worked on group assignments like Equity Research, Ratio Analysis, Corporate Valuation, Company Profiling and Financial Modeling.

While discussing with him, I also realized that his communication skills were good too.

I asked him to follow the strategies which work in such cases.

Strategy 1: Networking

According to one study, up to 60% jobs are never advertised and consider the same percentage for internships too.

Let me tell you my own experience…

When I was pursuing PG, I wanted to do internship in financial analysis, equity research, report writing and industry analysis.

My institute offered me an internship with a web start-up.

The project was in market research.

I badly wanted to work for a start-up but since the project was not of my interest, I started looking for other companies.

Networking with my previous employers was the best option available at that time.

Since I had good relations with my previous employers, one of them happily invited me to work on a project where I researched on mid and small cap companies.

I submitted a project report where I clearly mentioned a list of best companies to invest into.

The CEO was very happy with the project and he even offered me a job there.

Networking with your friends, relatives, previous employers and people on social networking sites like LinkedIn can give an access to right people in the companies.

Strategy 2: Online listings of Internships

Second strategy is searching the internships online. You can google it and find internships online.

Summer Internships College Students:

If you are in India, visit these sites:

  1. http://10internship.in/
  2. http://www.india-interns.com/
  3. http://www.indianinternship.com/
  4. http://www.hellointern.com/

I will provide the list of websites for US and International market soon.

Strategy 3: Direct Contact

The third strategy is important one, especially when you have shortlisted a few companies where you want to go for prospecting.

Here, you contact the employers directly and ask them if they offer internships.

Meet the employers and convince them that you will contribute and add value to the project that you want to work on.

Paid Summer Internships?

In any case, do not bring in the subject of stipend in initial talks.

You should give preference to the profile and not stipend at this point.

These are the three strategies that I suggested to Mr.Vinay.

Now You Try It

Now it’s your turn to give these strategies a try.

But your job doesn’t stop there…

Please leave a comment about your experience (either positive and negative) below.

And if you find a new strategy, please share the love with the rest of us.

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Comments

  1. subodh sonawale says

    thanks a lot sir for the advice i will really keep in mind your advice n will search for the companies accordingly man while can you help me out with sum of the good companies in the finance fields whose name will increase my cv’s weightage.

      • subodh sonawale says

        Dear Sir,
        Thank you so very much for the reply. i have been looking out for company’s on a regular basis but just been posting my resume on every companies website and haven’t been replied yet and the companies i meant in the above mail was of mnc such has hsbc , merriyl lynch , jp morgan, edelweiss etc.wanna go for investment banking after pursuing my mba so please guide my on the right path accordingly.

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