In a groundbreaking revelation, Internshala’s recent survey indicates a staggering 200 percent surge in internship opportunities for Indian students over the past 5 years. The comprehensive report sheds light on the evolving internship market and provides valuable insights into the expectations for internship seekers in 2024.
Key Observations from the Survey:
- Internship options in India have witnessed an impressive 200 percent growth over the last 5 years.
- The report delves into the internship market trends, offering a glimpse into the preferences of recruiters and students alike.
2023 Trends in Internship Offerings:
- Business development and management dominated with 44 percent of all internships, signaling a robust demand for profiles in sales, marketing, digital marketing, customer support, and operations.
- Engineering followed at 20 percent, focusing on technology-centric internships.
- Media sector contributed 18 percent, spanning creative writing, journalism, videography, photography, and PR.
- The average stipend in 2023 stood at 8,000 per month, with a maximum stipend reaching an impressive 1,35,000 rupees.
Geographical Distribution of Internship Opportunities:
- Delhi-NCR led with 34 percent of internship openings, followed by Mumbai at 16 percent, Bangalore at 10 percent, Pune at 5 percent, and Hyderabad and Jaipur at 3 percent each.
Hiring Preferences and Skill Requirements:
- 23 percent of internships offered pre-placement offers (PPOs) based on intern performance.
- Skills such as verbal/spoken English proficiency, MS Excel, Social Media Marketing, and Digital Marketing were key requirements.
Applicant Demographics:
- 33 percent of shortlisted applicants pursued a Bachelor’s in Technology (BTech).
- Recent graduates constituted 23 percent, third-year students 22 percent, and fourth-year students 19 percent.
Employer Offerings and Perks:
- Employers enhanced internship opportunities with perks like internship certificates, letters of recommendation, flexible working hours, a five-day work week, informal dress codes, and complimentary snacks and beverages.
Founder and CEO’s Perspective:
- Sarvesh Agrawal, Founder and CEO of Internshala, expressed pride in the 200 percent growth over the past 5 years, emphasizing the collaborative efforts of stakeholders, including students, recruiters, college faculties, parents, and platforms like Internshala.
Looking Ahead to 2024:
- The insights from the Annual Internship Hiring Trends 2024 pave the way for an exciting future for internship seekers, showcasing the dynamism and potential for growth in India’s internship landscape.
