Biggies like Google, Amazon & Microsoft paying undergrads Rs 1 lakh stipends for internships

economictimes.indiatimes.com:

(This story originally appeared in on Mar 27, 2024)

In a reflection of the growing demand for skilled engineers in the tech industry, India has seen an increase in the number of undergraduate engineering students securing internships with monthly stipends of Rs 1 lakh or more from biggies like Amazon, Google, Intuit India, Microsoft, Palo Alto and Goldman Sachs. These internships, which can last 3-6 months, are a golden ticket to full-time roles in high-demand fields like data science, cloud computing, and analytics.

At IIT Mandi, 27 students have received Rs 1-lakh-or-more stipends this year. In Bengaluru, RV College of Engineering has seen 39 students earning over Rs 1 lakh in monthly stipends compared to 8 last year. Vellore Institute of Technology also reports approximately 30 students with Rs 1-lakh stipends, with companies like Couchbase and Amazon offering Rs 1.2 lakh and Rs 1.1 lakh, respectively. The internship window is yet to close this year for the final count.

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The competition for these high-paying internships is fierce. V Samuel Rajkumar, director, career development centre at VIT, emphasised the importance of technical skills, problem-solving abilities, and a learning mindset for securing these