200% Rise in internship opportunities in past five years: Internshala report

financialexpress.com:

Internshala, the leading career-tech platform, unveils critical insights for internship seekers, showcasing a substantial 200% increase in internship opportunities for Indian students over the past five years. The report highlights some key observations regarding the current internship market and what internship seeking students could expect from internship recruiters in the year 2024.

In 2023, business development and management took the lead, offering a significant 44% of all internships. This reflects a strong demand for profiles in sales, marketing, digital marketing, business development, customer support and operations. Engineering followed at 20%, providing technology-focused internships in programming, AutoCAD, Civil, Web and App development. 

While the media sector contributed 18%, offering diverse profiles such as creative writing, journalism, videography, photography and PR. Design presented five per cent of internship opportunities, while education and volunteering each held three per cent. Finance and Data Science made valuable contributions at two per cent and one per cent, respectively.

A pivotal learning from the report is that 23% of internships offered pre-placement offers (PPOs) based on intern performance. Virtual internships accounted for a substantial 48%, offering work-from-home flexibility, while 42% remained in-office internships.

The average stipend in 2023 was 8,000 per month, with an impressive maximum stipend reaching 1,35,000 rupees per month. Internships varied in duration, ranging from one week to six months, averaging at 3.66 months.

Geographically, Delhi-NCR held the lion’s share at 34% internship openings, followed by Mumbai  at 16%, Bangalore at 10%, Pune at five per cent, Hyderabad