In the past few months, the expert recruitment team of Growinfinance.com has completed several specialized career seminars in top business schools and universities.
During these sessions, the experts were sharing their knowledge and experience with students on what steps they would need to take to secure a position at the best companies around the world. One key factor that triggered interest was the topic of internships and the need to have such experience to be competitive in a highly-demanding employment reality.
Considering the complicated economic situation and the increasing of the education level of the population in the western world, it is only natural that companies would be looking for better, more experienced and highly qualified candidates. Thus, students need to make sure that they can distinguish themselves from the crowd and enter into the employment world as early as possible, most commonly through doing internships. Any work experience is a plus on your CV and thus, we would advise that you take on as many as you can even while you are studying. This will allow you to explore your interests and capabilities while gathering knowledge and experience and creating and building your network of future business contacts. It is highly likely, that an internship opportunity is transformed into a job proposal if you perform well, but even if it does not it would certainly help with other companies as employers are looking for candidates with internship experience.
Here are some of the FAQ that students were interested in when we visited them:
How does an internship make me more competitive?
It simply does. Having an internship experience signifies two sets of things to the recruiter: 1. You have some sort of a working experience and you are familiar with a working environment, where you would have completed tasks and taken responsibilities as an employee would be expected to along with the fact that you have received some initial training in the field and you would be more capable of facing some issues alone rather than needing constant guidance; and 2. You have been motivated and proactive enough to seek and find an employment opportunity to which you had willingly devoted your free time and energy; and moreover, that it is a field that you are truly interested in as you already have basic knowledge as to what the day to day tasks would be.
Paid of unpaid internships?
Whether or not your internship will be paid is entirely dependent on the corporate policy within the organization. Many big finance and banking institutions provide some sort of compensation, others provide additional training and other non-monetary bonuses, while there are also many which do not offer any sort of remuneration. Whichever the case is you need to be aware about the financial side of the job and make sure you would be able to afford to spend the time and effort required. If you absolutely need the money you might want to consider doing a part-time internship and part time job simultaneously or get an internship during the academic year. Nevertheless, do not miss an opportunity because it will be unpaid for the first 3-9 months (the typical duration of an internship). Rather look at it as an investment into your future success and career and try to take the best out of it. As we said more often than not, internships do convert into a job proposition.
Should I look for a big or for a small company?
We would certainly advise to do several internships during your college years and to try to make the best variety combination. In that sense, this would also include getting experience both from a small and from a big corporation. While the big corporation has its name and prestige going for it, in a small company you are much more likely to see different sides of the business, participate in a wide variety of problem solving situation and in many cases have a decision making power within the organization much faster. Bigger companies on the other hand, will help you understand the specifics of the job you are interested in as well as help with getting you to understand corporate structure, internal policies, responsibilities and team dynamics.
Where should I start to look?
You could either look for the internship by yourself using your personal resources, network and creativity or get some external help to land on your dream internship. There are numerous internships offered all around your community and all you would need to do is get organized and look for them. On the other hand, selection processes, especially in big organizations, might be tedious and complicated which is why a recruitment professional might be indispensable to finding you an internship.
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