Internship: People crave for a salary of Rs 1 lakh and this company is paying its interns ₹12.5 lakh per month..

Most professionals working in India's private sector yearn for a monthly salary of ₹100,000. However, many companies are currently offering their interns a stipend of up to ₹12.5 lakh per month. Yes, this isn't a myth, it's the truth.

Where is such a stipend available?
According to a Bloomberg report, Amsterdam-based IMC Trading BV will offer interns a monthly stipend of up to ₹12.5 lakh in 2025. This is nearly three times more than last year. Another major company, Quadeye, is offering interns a monthly stipend of up to ₹7.5 lakh. This is a 50% increase compared to 2024. According to Glassdoor data, finance professionals in India earn an average of around ₹700,000 per year. And for an intern to earn that much in a single month is quite a feat.

Where is such a stipend?
These days, high-frequency trading companies are paying very high salaries even to newcomers in India. Indeed, India's equity derivatives market is the largest in the world. However, the Securities and Exchange Board of India (SEBI), the stock market regulator, is closely monitoring it. SEBI has banned speculative options trading, leading to a 40% drop in trading volume. Nevertheless, opportunities abound. This is why foreign funds and algorithm-driven trading desks have generated profits of $7 billion by March 2024. Consequently, they pay their employees handsomely.

Who is in Demand in the Market?
Recruiters say that quant researchers, trading engineers, and algorithm specialists are in high demand in the job market. Foreign companies are also showing interest in India. Companies like Citadel Securities, Tower Research, Optimus Prime Securities, and Minix Holdings are growing in India. Citadel is owned by Ken Griffin. His company opened an office in Gurugram in 2022 and is continuously hiring.

Who is Hired for Internships?
According to reports, most trading companies are selecting students from IITs (Indian Institutes of Technology) for internships. IIT students are receiving these high-paying offers even before graduation. Recruiters say that the pay is not only attractive, but also a strategy to attract the best young people.

Why IIT Students?
These days, 70% of derivatives trades in India are algorithmic. Therefore, interns entering this industry need to learn quickly. iRage CEO Rajib Borah explained that a strategy that used to work for six months now becomes useless within two months. This demonstrates the importance of speed and learning in high-speed trading. IITians are unmatched in their ability to learn new things.

How can one earn ₹12.5 lakh per month in an internship?
Recruiters say that high-frequency trading companies look for students with a strong knowledge of mathematics, statistics, probability, and algorithm design. They also consider their problem-solving abilities. Such students should also know Python, C++, and data structures.

What Companies Look For
Most companies select students from IITs and some top engineering colleges. Interns must undergo online tests, puzzle-based tests, and interviews. These tests assess students' quick thinking and ability to work under pressure. In addition to technical skills, companies also look for students who can learn quickly. In trading, a strategy that works today may become obsolete in two months. Therefore, a willingness to learn, flexibility, and the ability to continuously learn are also essential.

What is an Internship?
An internship is an opportunity for an individual, usually a student, to gain practical experience in a specific industry or field. There, they apply the knowledge they have learned in their studies in a real-world workplace, learning new skills and strengthening their professional relationships. It is a short-term learning experience that helps students explore careers, understand the industry's culture, and prepare for future full-time employment. Although most of the institutes provide internships for free, some organizations also have paid internships.

Disclaimer: This content has been sourced and edited from Navbharat Times. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.