How many times have you heard the
buzzword ‘Internship’? It’s been told to most of the graduates that internships
are great if you want to experience the taste of a corporate life before
getting into a full-time job. But has anyone ever answered a basic question
“Why is it really important to get into internship programs and how does it
affect the professional life of a fresher? Won’t I be able to get a job without
such experience?”
First thing first, what are Internships actually?
According to Wikipedia “An internship is job training for white-collar
and professional careers.”
However, Internships are more
than just a training programs, it is an experience which shape up the entire
professional life of a fresher. It’s also an opportunity to land a full-time
job with your dream company. Numerous companies’ uses internships as a platform
to select the best candidate for a job profile and that very candidate is
offered a full-time job as a fresher with the firm, after completing his/her
studies. An internship is offered by the employers to the skilled candidates
(known as Interns), for a fixed, limited time interval. These many be part-time
or full-time training programs.
Types of Internships
Mainly internship or the
industrial placement or the industrial training programs are of two types:
1. Short Term: These are mainly the summer, autumn and winter
internships offered by numerous business houses. It’s a cost-effective method
to hire and utilize their talents to retain maximum profit for the firm.
2. Long Term: Employers use
this method to advertise their business and fresher job schemes among students.
According to the market survey, it has been proved that almost 20% of the firms
hire their ex-intern for a full-time position in their firm, once their studies
are over. This, on the other hand, helps an employer lower the hiring cost.
Salary Structure
Next important question is “How an Intern is paid by the employer?”
There are three types of internships on the basis of ‘how an intern is
getting paid’.
1. Unpaid Internships: Numerous employer offers unpaid work
experience to the interns before enrolling them for a paid one. The pay is
either minimal or the intern has to bear his all costs while working in the
company.
2. Paid Work: One of the most common forms of industrial training
program being offered in almost every market segment is ‘Paid Internships’. You
can earn your pocket money along with a ‘work experience’.
3. Research Internships:
Research Internships are best suitable for final year graduate in which
a student gets associated with a research firm to increase his/her abilities of
market analysis and trends. Research work being done by the students at the
firm also helps them with their final paper in the university. This kind of
internship program is offered by the colleges and universities itself.
But, Why Should I Spend My Summer Vacation over Internships? Is It
Really That Important?
Summer vacation is full of fun.
No one wants to waste this golden period over some part-time/full-time training
program.
Now, think of a situation where you and your friend are getting
interviewed for the same job position in the same firm. You have everything
that it takes to score well in the selection process and your friend, on the
other hand, has scored lower marks in his academics. But, despite being good
with everything you are the one who was not selected for that particular job
position. Now you may wonder what you friend did to impress the interviewers.
When you ask him, he says that they were impressed by his internship degree.
Internships provide a student the ability to stand out in this
competitive job market.
- Gives you an exposure to the corporate life and work style.
- Allow you to explore your interests and career options.
- Gives you first-hand experience and take you closer to the entry level job positions.
- Saves your time while job hunting.
- Gives you a lifetime experience.
Final Words
Internships are great to enhance
your skills, experience and exposure while completing your studies. With the
constant increase in the number of fresher jobs, it has become extremely important to stand out in the competitive job
market and internships provide that extra edge to a college grad. You earn
handsome pocket money as well.
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