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Indian Overseas Bank logo — Indian Overseas Bank Cost Analysis Intern at Indian Overseas Bank
Indian Overseas Bank

Cost Analysis Intern

InternshipHybridShimla, Himachal Pradesh3 months10K/mo10 openingsImmediate / Rolling

About this internship

Join Indian Overseas Bank in Shimla as a Cost Analysis Intern. This entry-level internship is designed for students and recent graduates who learn best by building, shipping and getting real feedback on cost analysis work. About the role As a Cost Analysis Intern at Indian Overseas Bank, your core…

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Skills you'll use

Cost SheetsCost AllocationMS Excel (Advanced)Variance AnalysisUnit EconomicsVendor Cost TrackingMIS ReportingProcess MappingPresentationAnalytical Thinking

What you'll do

  • Work on building cost sheets, allocation workings and savings trackers with the costing team alongside the core team
  • Apply Cost Sheets, Cost Allocation, MS Excel (Advanced), Variance Analysis to live, production-facing problems
  • Document your work clearly for reviewers and stakeholders
  • Participate in reviews and act on the feedback you receive
  • Collaborate across engineering, product, design or business as required
  • Follow the team's quality, testing and documentation standards

Who can apply

  • Pursuing or recently completed B.Com, BBA, M.Com or MBA (Finance)
  • Graduating batch 2025, 2026 or 2027 — final-year students and recent graduates welcome
  • 60% / 6.0 CGPA and above preferred; strong project work is considered alongside academics
  • Working knowledge of Cost Sheets, Cost Allocation, MS Excel (Advanced) (or a genuine willingness to learn them)
  • Exposure to Variance Analysis, Unit Economics, Vendor Cost Tracking is an advantage
  • Clear written and verbal communication in English, and care with detail in your work
  • No prior work experience required — this is a fresher-friendly internship
  • Based in Shimla, Himachal Pradesh or willing to work from there for the internship period

Perks & benefits

Mentorship from a named mentorLive project experienceExposure to professional tools and workflowsPre-Placement Offer (PPO) opportunityFlexible working hours

Interview & selection process

4 rounds — typical selection flow for this role:

  1. 1Application screening & resume shortlisting by the talent team
  2. 2Discussion with the hiring manager on the role and your fit
  3. 3Team-fit / behavioural interview with the team
  4. 4HR discussion — stipend, start date, expectations and offer

About Indian Overseas Bank

Indian Overseas Bank operates in the banking & financial services sector and has an active presence in Shimla. Interns here are put on real work from the start, because the team's view is that the fastest way to learn a craft is to practise it under people who already do it well — not to watch it…
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