The Bill & Melinda Gates Foundation (BMGF) is paying around INR 4.8 lakh each to two MBA students for a 10-week internship. These two highest paid summer interns are – Simarpreet Singh from Gurgaon’s Management Development Institute and Akhil Khanna of Indian Institute of Foreign Trade in Delhi.
During the Internship, students will gain insights into the local strategy development process, get rich experience by working on live projects and will exchange learning with their peer interns from our other foundation offices.
BMGF which is the largest private foundation in the world, has never offered internship programs outside the US before this.
The foundation has focused on Delhi and NCR in the first year but has plans to cover more business schools next year.
At IIFT-Delhi, as many as 162 students – more than half the batch – applied for this prestigious internship.
Microsoft co-founder Bill Gates and wife Melinda founded BMGF. It is one of the top names in global philanthropy: as of end-November, BMGF had an endowment of $42.3 billion.
“India has a great potential talent pool and we would like to play a catalytic role in shaping this talent for the social and development sector,” Girindre Beeharry, director of India country office at BMGF, said in an email, responding to ET’s request for comment.
Simarpreet Singh of MDI-Gurgaon has earlier been a consultant at Deloitte and has also worked with a couple of not-for-profit organizations. He is currently working on a project that focuses on mapping how the grants received have impacted various areas. “It’s a wonderful opportunity,” he says.