I'm going into Operations but I don't know much

I'm going to an Operations internship role at a BB. However, I'm not sure what to expect.

In particular, I have a few questions to ask:
1. Is it really the "loser's job?"
2. Is it good for someone who likes to entrench himself for the long run?
3. Is it possible to do a CFA or MBA (later, obviously)?
4. If I don't get a graduate offer, what do I do?
5. How likely is it that my job will be outsourced to India within the next 10 years. If it's likely what should I do?

I would prefer answers from those who have been in the same position as me. I've been given a lot of negative views from others and I've become quite nervous and dispirited.

Thanks for any clarification.