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

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In a mirrored image of the rising demand for expert engineers within the tech trade, India has seen a rise within the variety of undergraduate engineering college students securing internships with month-to-month stipends of Rs 1 lakh or extra from biggies like Amazon, Google, Intuit India, Microsoft, Palo Alto and Goldman Sachs. These internships, which may final 3-6 months, are a golden ticket to full-time roles in high-demand fields like information science, cloud computing, and analytics.
At IIT Mandi, 27 college students have obtained Rs 1-lakh-or-more stipends this 12 months. In Bengaluru, RV College of Engineering has seen 39 college students incomes over Rs 1 lakh in month-to-month stipends in comparison with 8 final 12 months. Vellore Institute of Technology additionally stories roughly 30 college students with Rs 1-lakh stipends, with corporations like Couchbase and Amazon providing Rs 1.2 lakh and Rs 1.1 lakh, respectively. The internship window is but to shut this 12 months for the ultimate depend.

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The competitors for these high-paying internships is fierce. V Samuel Rajkumar, director, profession growth centre at VIT, emphasised the significance of technical expertise, problem-solving skills, and a studying mindset for securing these alternatives.
Professor Ranganath D, RV College of Engineering’s dean of placement, stated that corporations reminiscent of Amazon, UiPath, and Microsoft have provided stipends as much as Rs 1.4 lakh for varied tech roles. Similarly, Walmart, Goldman Sachs, and Palo Alto have supplied Rs 1-lakh stipends.
“The bar is high. About 39 students have received internship stipends of Rs 1 lakh and more who will be graduating this year. Campus offers from top-tier firms are internship-driven that not only gives them role exposure, but it provides a segway to working on newer technologies as these digital natives naturally lend to it,” the professor stated.
Himani Sood, pro-chancellor at Chandigarh University, stated that corporations like Atlassian, Uber, and Google have additionally provided stipends of Rs 1 lakh. MIT-World Peace University in Pune stated cloud information administration Veritas Technologies has shortlisted 10 laptop science college students for internships with a Rs 1-lakh stipend.
A majority of the scholars interning with these tech corporations have secured full-time positions. Sood identified a excessive conversion from internships to full-time positions, with high tech corporations in India providing annual compensation between Rs 40 lakh to Rs 65 lakh, and worldwide roles reaching as much as Rs 1 crore.
Naveen C, senior supervisor, coaching and placement in Bengaluru-based Reva University, stated {that a} pupil interning with Visa obtained a Rs 90,000 stipend and later a job provide of over Rs 50 lakh each year.
Last 12 months, VIT’s Rajkumar stated a linked infrastructure and analytics firm, MotorQ, provided a report annual compensation of Rs 1 crore to 2 VIT college students, together with inventory awards. Emails despatched to Amazon, Google, Microsoft, Palo Alto Networks, Goldman Sachs, Intuit India, UiPath, Uber and Atlassian did not elicit a response until the time of going to press.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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