Top News
Next Story

Number of internship positions crossed 1 million mark in 2019: Report

Send Push
The Economic Times
14th January, 2020 13:26 IST

BENGALURU: There has been a steep rise in the number of internship positions over the past six years, says a study by Internship and training platform Internshala.

The platform’s annual intern hiring trends report for 2020 shows that this number crossed the 1 million mark in 2019 - a key indicator of the growing opportunities for Indian students to gain practical exposure and build their skill-set via internships.

The report also finds that the field of management offered the maximum number of internships to students - 49% of the total internship positions. These comprise of profiles in marketing, business development, finance, operations, human resources, digital marketing, and sales. Management is closely followed by the fields of media and engineering, making up 22% and 17% of the internship positions.

According to the report, interns received an average stipend of Rs. 7,000 per month while the highest stipend given was Rs. 90,000 per month. In addition to this, 49% of the internships posted on Internshala offered a performance-based pre-placement offer (PPO) after successful completion of the internship. The average CTC offered after internship conversion was Rs. 3 lakhs per annum and the maximum offered CTC was Rs. 11 lakhs per annum.

Metro cities including Delhi-NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata respectively stood out as the top cities that offered the highest number of internships last year.

“Employers have widely adopted the practice of hiring full-time employees through internship programmes. The reason behind this is that internships allow them to test the interns’ competencies as well to check whether they are the right fit for their company. Intern hiring is especially popular among startups; in fact, 85% of the employers hiring interns through Internshala are startups and SMEs,” Sarvesh Agrawal, founder and CEO of Internshala, told ET.

“This huge upsurge poses great possibilities for internship seekers in India. With the increased demand for internships among students from all educational backgrounds, the industry is also coming through with exciting learning and interning opportunities. Prospects look good for students in 2020 as the trends suggest a continuous increase in internship numbers in this decade,” he added.

Explore more on Newspoint
Loving Newspoint? Download the app now