In a groundbreaking move that underscores their commitment to nurturing young talent, Tech Giants Google, Amazon, and Microsoft have announced a game-changing initiative. Undergraduates now have the opportunity to embark on enriching internship experiences with these industry leaders, accompanied by a generous stipend of Rs 1 lakh.
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About the Tech Giants News
The tech industry’s hunger for skilled engineers is leading to a surge in high-paying internships for Indian undergraduates. Big names like Amazon, Google, Intuit India, Microsoft, Palo Alto Networks, and Goldman Sachs are offering monthly stipends of Rs 1 lakh or more for internships lasting 3-6 months.
These internships are a golden ticket for students, providing a gateway to coveted full-time roles in booming fields like data science, cloud computing, and analytics.
Top universities are seeing a significant rise in students landing these lucrative internships. At IIT Mandi, 27 students have secured Rs 1 lakh or more stipends this year – a substantial increase. Similarly, RV College of Engineering in Bengaluru reports a jump from 8 students last year to 39 this year earning over Rs 1 lakh per month. Vellore Institute of Technology also boasts around 30 students with Rs 1 lakh stipends, with companies like Couchbase and Amazon offering even higher at Rs 1.2 lakh and Rs 1.1 lakh respectively. With the internship season still ongoing, the final numbers are expected to climb even higher.
Landing a High-Paying Internship: Skills You Need and the Rewards
Securing one of these coveted internships takes more than just luck. V Samuel Rajkumar, Director of the Career Development Centre at VIT, stresses the importance of honing your technical skills, and problem-solving abilities, and cultivating a continuous learning mindset.
Professor Ranganath D, Dean of Placement at RV College of Engineering, highlights that companies like Amazon, UiPath, and Microsoft are pulling out all the stops, offering stipends reaching a staggering Rs 1.4 lakh for various tech roles. Similarly, Walmart, Goldman Sachs, and Palo Alto Networks haven’t fallen behind, offering Rs 1 lakh stipends as well.
The competition is fierce, with only 39 graduating students this year securing Rs 1 lakh or more in internship stipends. Professor D further emphasizes the value of internships offered by top-tier firms. These experiences not only provide invaluable exposure to real-world roles but also act as a stepping stone to working with cutting-edge technologies. After all, these “digital natives” are naturally inclined to embrace them.
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High-Paying Internships: Stepping Stones to Lucrative Careers
The competition for high-paying internships is intense, but the rewards are substantial. Universities across India are seeing a surge in such opportunities. Chandigarh University’s Himani Sood reports companies like Atlassian, Uber, and Google offering Rs 1 lakh stipends. Similarly, MIT-World Peace University in Pune reveals Veritas Technologies shortlisting 10 computer science students for Rs 1 lakh internships in cloud data management.
The benefits extend beyond the immediate stipend. A significant number of these internships translate into full-time positions. Sood highlights a high conversion rate, with top Indian tech firms offering annual salaries between Rs 40 lakh and Rs 65 lakh, while international roles can reach Rs 1 crore. Bengaluru’s Reva University echoes this, with Naveen C mentioning a student who received a Rs 90,000 internship stipend at Visa, followed by a full-time offer exceeding Rs 50 lakh per year.
There’s even potential for life-changing opportunities. Last year, VIT’s Rajkumar shared how MotorQ, a connected infrastructure and analytics company, offered a record Rs 1 crore annual compensation package, including stock awards, to two students.
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Emails sent to Amazon, Google, Microsoft, Palo Alto Networks Goldman Sachs, Intuit India, UiPath, Uber and Atlassian didn’t elicit a response till the time of going to press.
FAQ
Are Tech Giants like Google, Amazon, and Microsoft really offering Rs. 1 Lakh stipends for internships?
Yes! Due to the high demand for skilled engineers, these companies are offering competitive internship packages with monthly stipends of Rs. 1 Lakh or more for undergraduate students.
How long do these internships typically last?
Internship durations can vary, typically ranging from 3 to 6 months.
What are the benefits of participating in these internships with Tech Giants
Gain valuable real-world experience working alongside industry leaders.
Develop and showcase your technical skills to potential employers.
Network with professionals and build connections within the tech industry.
Potentially secure a full-time position upon successful completion of the internship.
