It is not surprising for companies across different verticals to try and bag the best (and raw) talent by offering lucrative internship offers. Some companies promise pre-placement offers, while some try to lure in the interns by offering them amazing perks. But which companies to interns fancy the most? Of course, the one with the best ‘stipend’!
Switch Idea’s Top Highest Paying Internships report identifies companies with the highest median monthly pay for internships as reported by India-based interns over the past year (01/06/16 – 02/06/17). In cases where companies have the same median monthly stipend, the company with the greater number of intern reviews receives higher rank.
1. American Express
The company is best known for its credit card, charge card, and traveler's cheque businesses. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US.
Recently named as India’s best organization to work for, American Express offers internships to students as a part of their WINGS program. While interning with American Express you will get a chance to hone your skills by working on business-critical projects. You will work with leaders who will push you to explore your passions. And of course, the hefty stipend which is way more than what many engineers gets even after several years of job experience.
Stipend Amount – 68,000 INR
Application Process: The company hires interns who work from their Gurugram (earlier Gurgaon) and Bengaluru offices. The application process is simple and works in three-step-process. First students need to complete the online application, which is them followed by a group discussion or an online test. Those who qualify this, are then invited for a f2f on-campus interview.
2. Deutsche Bank
A German global banking and financial services company, Deutsche Bank has a remarkable presence in India with branches in more than 16 cities. The core business of the bank is investment banking which accounts for 50% equity and 50% profit. The company is known for its fully integrated financial services and products for corporate institutions and individual clients.
In addition to the enticing stipend amount, summer internship program at Deutsche bank is to provide students with an insight into a potential career in the field of financial services. While interning here, students will get a chance to work closely with a mentor who will help them learn corporate intricacies while working in interesting, challenging projects.
Stipend Amount – 57,000 INR
Additional Information: Though the company's last intern recruitment record dates back to June 2016, Deutsche Bank ranks the second position in the list. The intern recruitment policy of DB is highly tailored towards absorbing interns who have a strong academic history. 80% of these interns are hired from IIT's and IIM's for a duration of 60 days. Apart from offering a great stipend, DB interns are put up in a 5 star for 1 week and get all meals and transportation for full period apart from the stipend.
The Indian food-product corporation has its head office in Bengaluru. It is the leading food company in India with Rs 8500 crores in revenue. Britannia Dairy is one of the largest divisions of the food corporation and it accounts for 10% of the company’s total revenue.
Apply for an internship with the ‘Biscuit King’ with their summer internship program and give your career an opportunity to escalate to new heights. If you have performed well during your internship period of 2 months, you might get pre-placement offers. Whats more? Britannia also give a ‘Best Summer Project’ award where the best intern will be given a sizeable cash award
Stipend Amount – 55,000 INR
Directi is an Indian IT service company that is first ICANN accredited registrar in India. Directi portfolio companies comprise of Radix, Ringo, Flock, Zeta and Codechef. All the businesses owned by Directi are bootstrapped and are among the top 5 in their respective global market space.
If you are looking to intern with a forward-thinking company where what you as an individual contribute matters more than what you read in textbooks, Directi is for you. The hiring process is not easy though. You will have to successfully clear several rounds of interviews before you get a chance to intern with every intern’s dream company. Stipend Amount – 52,000 INR
PayPal is the world’s largest internet payment company that facilitates multi-country financial transactions. It enables the users to receive money in more than 100 currencies, withdraw funds from their PayPal account in 56 currencies and hold balances in their PayPal accounts in 25 currencies. It has revolutionized the way inter-country financial transaction used to occur and serve as a way faster and easier alternative as compared to traditional checks and bank transfer.
One look at the tons of testimonial from former interns of PayPal and you will know why PayPal has made it to this list. Every year the companies hire a couple of interns who are considered and treated equal to a full-time employee in the company. They are given the tasks, the opportunities, the responsibilities and the ‘salary’ as a full-time employee too! Exactly what every intern expects from his employer.
Stipend Amount – 50,000 INR
Headquartered in Kolkata, ITC is a Indian conglomerate with its business in 5 different segments, including Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging, Agri Business & Information Technology. With an annual turnover of US $8.31 billion in 2012-13, ITC Limited is a part of Forbes 2000 list. The company employs more than 25,000 people in their 60 offices across India.
If you are passionate about international trade and development and want to use everything you’ve learned so far in an industry environment, ITC is the place to intern. You can apply for internship position here through ITC’s internship program KITES. Here you will get a chance to work in ‘real’ projects that mean business for the company. 10-12 months of internship at this business giant will make you learn corporate nuisance and make you industry-ready.
Stipend Amount – 45,000 INR
Arista is a computer networking company that designs multilayer network switches. The company has some of the break-through products in its cap including an array of 10/40/100 Gigabit Ethernet low-latency cut-through switches, including the 7124SX, which remained the fastest switch using SFP+ optics through September 2012. The company recorded a revenue of US$ 1.26 billion in 2016.
Known for their new innovations in the software driven cloud network space, Arista is the dream company for computer geeks. When interning with Arista, you will get a chance to work with individuals who are passionate about solving networking problems and creating great products. Fully stocked break rooms, gym, on-site cafeteria and flexible working hours are just a few of the many luxuries that you as an intern will get at Arista. And of course, the stipend!
Stipend Amount – 43,000 INR
It is the second largest confectionary company in the world with operations in more than 50 countries. Wholly owned by Mondelez International, cadbury chocolate are among the most popular across the world, especially their trademark Dairy Milk, the Crème Egg and the Roses Selection Box.
An internship with one of the confectionery, food and beverage company not only gives you amazing exposure and memorable experience but is also beneficial for your future. And the fact that it is the same company that makes ‘Dairy Milk and 5 Star’ is sure to excite every Indian student to no-ends. The duration of internship at Cadbury is usually 10 weeks and star performers are extended pre-placement offer right away.
Stipend Amount – 42,000 INR
Microsoft is best known for its line of software products including its line of Operating Systems, MS Office Suite and Internet Explorer. Xbox Video Games and Microsoft Surface tablets are its popular hardware products. As of 2016, it is the world's largest software maker by revenue with a revenue of staggering US$ 85.32 in 2016.
Microsoft believes that young minds have great potential to bring something new to the table and solve real world problems. Internship programs at Microsoft are referred as the place where journey for future Microsoft employees begins. If you can secure an internship with Microsoft, there are high chances that you will end up with a pre-placement offer. Here you will get to work on real projects while being mentored by experienced employees and having lots of learning and fun on the way.
Stipend Amount – 40,000 INR
10. Goldman Sachs
It is one of the largest investment banking, investment securities and investment management companies in the world. With revenue of US$37.71 billion in 2016, it is clearly one of the market makers not only in the US but across continents. Many former employees from the company grew up to hold prominent positions including heading the New York Stock Exchange, the World Bank, and major banks such as Citigroup and Merrill Lynch.
An internship with Goldman Sachs gives you the opportunity to learn about the finance industry by getting involved in real projects. You will work side by side with experts and you will also receive division-specific training to help you understand the working of divisions. From 2-weeks internships to full-time intern, there are many different types of internship opportunity at Goldman Sachs.
Stipend Amount – 37,000 INR
Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley, that develops, manufactures, and sells networking hardware, telecommunications equipment, and other high-technology services and products. Through its numerous acquired subsidiaries, such as OpenDNS, WebEx, and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security, and energy management.
The Cisco International Internship Program (CIIP) is a year-long internship opportunity for the students coming from several international universities. If selected you will be working in a high-paced environment, gaining critical exposure to the next-generation projects. At the same time, you will be networking with the professionals and interns from all over the world, while acquiring new technical, business and professional skills.
Stipend Amount – 36,000 INR
Adobe Systems Incorporated is an American multinational computer software company. The company is headquartered in San Jose, California, United States. Adobe has historically focused upon the creation of multimedia and creativity software products, with a more recent foray towards rich Internet application software development. It is best known for Photoshop, an image editing software, Acrobat Reader, the Portable Document Format (PDF) and Adobe Creative Suite, as well as its successor Adobe Creative Cloud.
Adobe, a brand that left no stone unturned in the industry of graphic editing, publishing, image processing and digital experience management, offers internship opportunities with Adobe Research. You can apply with your CV and the list of your research interests to begin internship here. At Adobe Research, interns get opportunities to work on the cutting-edge technologies and to contribute to building of the software products that touch lives of millions of people around the globe.
Stipend Amount – 35,000 INR
Bayerische Motoren Werke AG usually known under its abbreviation BMW, is a German luxury vehicle, motorcycle, and engine manufacturing company founded in 1916. It is one of the best-selling luxury automakers in the world. The company is a component of the Euro Stoxx 50 stock market index. Headquartered in Munich, Bavaria, BMW is the parent company of Mini and Rolls-Royce Motor Cars. The company produces motorcars under the BMW Motorsport division and motorcycles under BMW Motorrad, and plug-in electric cars under the BMW i sub-brand and the "iPerformance" model designation within the regular BMW lineup.
Known as Future Talent Programmes, internship at BMW is designed to help you make on-the-job learning while applying your talent to solve real life problems. The average duration of internship at BMW varies from 4 months to 6 months although a number of part-time and short duration of internships are also available. Click here to know more about internship at BMW.
Stipend Amount – 34,000 INR
Shell Oil Company is the United States-based wholly owned subsidiary of Royal Dutch Shell, a multinational "oil major" of Anglo-Dutch origins, which is amongst the largest oil companies in the world. Approximately 22,000 Shell employees are based in the U.S. The U.S. head office is in Houston, Texas. Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's largest oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers.
The internship at Shell is called assessed internship. That means a supervisor or a mentor will support you through your internship and will undertake regular assignments to ensure that you take home a great deal of learnings from your internship. There are multiple reviews conducted during the tenure of the internship excelling in which can land you a pre-placement offer with Shell.
Stipend Amount – 34,000
15. Morgan Stanley
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. It is headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 55,000 employees, the firm's clients include corporations, governments, institutions and individuals.
The 10-week Summer Analyst Program by Morgan Stanley is an opportunity to experience the working and corporate culture of the investment bank. During your internship, you will be assigned project from a specific division for which you will receive one-week classroom training followed by division specific training. You will get an opportunity to learn about building basic skills in financial analysis, accounting and valuation, while working on real projects that mean business to the company.
Stipend Amount – 33,000 INR
Amazon.com, Inc. is an American electronic commerce and cloud computing company based in Seattle, Washington that was founded on July 5, 1994 by Jeff Bezos. The tech giant is the largest Internet-based retailer in the world by total sales and market capitalization. Amazon.com started as an online bookstore and later diversified to sell DVDs, Blu-rays, CDs, video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewellery. The company also produces consumer electronics—notably, Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world's largest provider of cloud infrastructure services (IaaS and PaaS).
Getting internship opportunity with Amazon India is no cake-walk. The company which is known for its excellent internship opportunities is famous for its grueling interviews process as well. Students who think differently, question assumption and those who want to invent on behalf of customers get a chance to intern with Amazon. Apart from its hefty stipend, the fact that some of the senior leaders at Amazon once started as intern make Amazon a dream company for interns.
Stipend Amount – 33,000 INR
Flipkart is an electronic commerce company headquartered in Bangalore, Karnataka. It was founded in October 2007 by Sachin Bansal and Binny Bansal. Flipkart has launched its own product range under the name "DigiFlip" with products including tablets, USBs, and laptop bags. As of April 2017, the company was valued at $11.6 billion.
Flipkart’s internship program - FLINTERNSHIP is an offer that you can’t just ignore. At Flipkart, Flinterns as they like to proudly call them assigned great projects and provided with a robust support system to complete them. Flipkart has partnered with a number of universities to train students to deal with ever-changing tech revolutions. Flipkart visits selected campuses each year and hire students from those campuses only. Please note that Flipkart DOES NOT offer off-campus internships.
Stipend Amount – 32,000 INR
NetApp, Inc. is an American multinational storage and data management company headquartered in Sunnyvale, California. It has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp is the leader in data insight, access, and control for hybrid cloud environments, and provides global organizations the ability to manage and share their data across on-premises, private, and public clouds.
From undergraduate students to fresh graduates, NetApp offers a myriad of internship opportunities. The intern program at NetApp is well-thought of in terms of responsibility and work experience. Apart from good perks, high stipend and great social events, what makes NetApp internship awesome is the fact that senior level VPs talk to the interns, share knowledge and experience, an unparalleled experience that very few companies offer.
Stipend Amount – 31,000 INR
Hike Messenger is an Indian messaging app. Launched on 12 December 2012, Hike attained 15 million users in February 2014 and raised $14 million for its development. Over the next few months, the application introduced free text messaging across India, chat themes, updated stickers, hidden chats and revamped user interface. In August 2014, Hike reached 35 million users and raised $65 million in a funding round led by Tiger Global.
Students who previously interned with Hike swear by the flexible work culture and amazing perks the company offers. Apart from a hefty stipend of 31,000 rupees per months, interns get access free food & fully stocked micro kitchen with free cookies and popular drinks, free gym membership, phone and data reimbursements. Interns from outside the city get help to move along with 15 days paid hotel accommodation.
However, you need to be really good at your work to be able to get an internship at Hike and sustain it there.
Stipend Amount – 31,000 INR
20. Tata Motors
Tata Motors Limited is an Indian multinational automotive manufacturing company headquartered in Mumbai, India, and a member of the Tata Group. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles. Tata Motor's principal subsidiaries purchased the English premium car maker Jaguar Land Rover (the maker of Jaguar and Land Rover cars) and the South Korean commercial vehicle manufacturer Tata Daewoo. Tata Motors has a bus-manufacturing joint venture with Marcopolo S.A. (Tata Marcopolo), a construction-equipment manufacturing joint venture with Hitachi (Tata Hitachi Construction Machinery), and a joint venture with Fiat Chrysler which manufactures automotive components and Fiat Chrysler and Tata branded vehicles.
Tata Motors hire summer interns through their flagship Summer Internship Program (SIP), where they conduct campus interviews and carefully pick interns from premier institutes. During the 2-month of internship, interns get a chance to work on real projects and learn the differences between theory and their practical applications. If you are forward thinking and bold to put ahead your suggestions, you might end-up getting a pre-placement offer.
Stipend Amount – 31,000 INR
Google is an American multinational technology company that specializes in Internet-related services and products. These include online advertising technologies, search, cloud computing, software, and hardware. Google was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University, in California.
Just the name Google is enough to emphasize on the importance of internship here. Every year, Google roll out hundreds of internship position in different steps. Applicants have to fill out an online form and they get graded on their general cognitive ability and role-related knowledge and Googleyness. Apart from getting a chance to work on real projects, mentoring from experts and a chance on pre-placement offer, Google’s interns enjoy cushy salary, lavish perks, and a whole lot of fun.
Stipend Amount – 30,000 INR
IBM (International Business Machines Corporation) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM manufactures and markets computer hardware, middleware and software, and offers hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most patents generated by a business (as of 2017) for 24 consecutive years. IBM employees have been awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology and five National Medals of Science.
IBM is known across the world for its specially designed internship projects. IBM’s flagship global internship program Extreme Blue is 10-12 weeks long and its projects are like mini-startups with IBM. While technical interns get a project that will challenge their technical abilities and MBA intern learn to gather the business solution. You can apply to be an intern with IBM through company’s website, campus recruitment or through referral.
Stipend Amount - 30,000
Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. The parent company owns Samsung Electronics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T (respectively the world's 13th and 36th largest construction companies).
Samsung India provides excellent internship opportunities all year round and in a variety of disciplines. There are several divisions in India and internship positions are available in all of them. As an intern in Samsung India, you might get a chance to work in on the three R&D centres of the company: Samsung Research Institutes in Bangalore, Delhi, and Noida. You will get chance to work in real projects and enjoy some amazing perks and benefits including a good stipend amount.
Stipend Amount – 30,000 INR
Juniper Networks is an American multinational corporation headquartered in Sunnyvale, California that develops and markets networking products. Its products include routers, switches, network management software, network security products and software-defined networking technology. By 2001 it had a 37% share of the core routers market, challenging Cisco's once-dominant market-share.
Unlike other companies where internship start during summer, internship at Juniper begins in January every year and has a duration of 6 months. The company is very particular about the skill set they look for in an intern and hence they encourage you to apply for internship only through their official website. The perks at Juniper are surely great with highly interacting social events to tons of options for game and fully loaded snack room.
Stipend Amount – 30,000 INR