BENGALURU, India, November 5, 2018 /PRNewswire/ --
Interns rate InStep highly for opportunities to work on interesting projects, diversity and work culture
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that its global internship program, InStep, has been ranked number 1 in the best overall internship category by Vault.com's latest survey on Top Internships for 2019. InStep, also earned the first position in the best consulting internship category, second position in the compensation and benefits category, seventh position in the quality of life and employment prospects categories and tenth position in the career development category.
A fully paid international internship program, InStep annually selects around 140 students from the top 100 universities globally to work on projects across business units and business enabling functions. Interns with technical backgrounds are offered opportunities to work on real-time STEM projects in digital technologies such as artificial intelligence (AI), machine learning, big data, cloud computing, data security and Internet of things (IoT) among others.
For the ratings, Vault surveyed more than 13,000 interns, past and present, from over 120 internship programs about their internship experiences. Respondents were asked to rate their experiences in terms of quality of life, full-time employment prospects, compensation and benefits, career development, and diversity. These ratings were averaged to determine an overall score for each program.
"Coinciding with the 20th anniversary of InStep, this recognition validates our continuous effort to nurture an ecosystem that encourages and guides young talent to realize their dreams," said Pravin Rao, Chief Operating Officer, Infosys. "Innovation is at the heart of all we do at Infosys and InStep is one of the foremost initiatives that champions this endeavor. The program aims to provide an unparalleled internship experience to students from across geographies and allows them to collaborate with experts from the industry on cutting-edge research projects."
The Editors at Vault said, "Vault's internship rankings are based on the ratings of actual interns and help students identify the best internship programs. This year, above all other internship programs, Infosys InStep ranked as the best overall internship. Its interns rated the firm's internship program higher, on average, than all other participating internship programs in categories such as career development, employment prospects, and quality of life."
Vault is the most comprehensive resource for employer, university, and internship program rankings, ratings and insight. Vault's influential rankings and reviews are sourced from directed surveys of professionals and students, and evaluate companies, schools, and internships in terms of prestige, best place to work, diversity, quality of life, compensation, and other categories. Vault provides users with in-depth information on employers, industries, interviews, and available jobs and internships. In addition, Vault partners with employers to help build their brands and assist with recruiting efforts, as well as with universities to help their students with employment placement and career selection.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.