Big Tech companies, banks vie to pick talent at Indian Institutes of Technology

High-frequency and quantitative trading (HFTs) firms are returning to the prestigious Indian Institutes of Technology (IITS) in large numbers to pick interns as they vie for talent with banks and consulting giants to Big Tech companies.

- BY S VENKAT NARAYAN Our Special Correspondent

At the older Indian Institutes of Technology (IITs) of Kharagpur, Bombay, Madras, Kanpur, and Delhi, the companies that have registered early include Bain & Company, Boston Consulting Group, Deutsche Bank, D.E. Shaw, Nomura, Glean Technologies, Wells Fargo, Morgan Stanley, Goldman Sachs, and Google India, placement coordinators said.

They are offering salaries of INR1.5-4.5 lakh per month.

During the placement season starting August at most IITs, these companies will recruit students for internships in the next summer break between May and July 2026.

The institutes hope to get offers for as many students as possible in a tight job market and global uncertainty. Internships are a barometer of the students’ capability to secure jobs through the placement evaluation process.

“At McKinsey, interns are compensated in alignment with their full-time counterparts of similar tenure,” said McKinsey. “We ensure parity in treatment and compensation, reflecting our commitment to providing a meaningful and rewarding internship experience.”

The company is hiring for the position of business analyst.