Summer internships pay more than regular jobs

Posted on 17th Apr 2015 | 1034 views

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Some of the established companies of India Inc have hiring the interns from the top B-Schools by paying double stipends.

Summer internships pay more than regular jobs

There is no much difference between the stipends for summer internships and salaries for full time jobs. Even, some talented interns are getting up to Rs 1lakhper month during the past few months. Due to the lack of skilled talent in research and development, Jombay has increased its stipends to Rs 1-1.6 lakh this year compared with Rs 50,000 it offered last year. CodeNation is also paying a lakh a month to hire top interns from B-schools. Some other startup companies like Jombay, Foodpanda, Paytm and Snapdeal are paying Rs 1 lakh for a two-month internship programmes.Established companies like Nomura, JPMorgan, American Express, Deloitte, Citigroup, Goldman Sachs and other FMCG majors increased stipends by 10-15%.

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