This summer, Katherine FitzGerald will leave Barcelona - where she is half-way through her two-year MBA programme - and head to South Africa to work in entrepreneurial venture capital firm Trivest. When she joined Iese Business School in 2008 after working on projects in Africa, she knew she wanted to continue her focus on emerging markets but thought her future lay in consulting. Once in Spain, she changed her mind.

"I came here [Iese] to get new ideas," she says. "As the year went on, the finance side of things became much more interesting." As part of her internship, she hopes to demonstrate that responsible businesses can also make money.

Ms FitzGerald is one of three Iese students Trivest is recruiting this summer and they are typical of this year's interns. Governmental, not-for-profit and entrepreneurial companies are proving attractive as the number of internship positions in management consultancy and investment banking dries up.