Jane Street hiring from IITs under review after Sebi ban

Jane Street hires via internships at IITs, not during final placements, and offers can go up to ₹4 crore for top candidates

- Devina Sengupta & Neha Joshi

The interim ban on Jane Street from accessing the market for alleged manipulation has left the Indian Institutes of Technology in a bind. The nation's top engineering colleges must quickly decide whether the high-frequency trading firm will be allowed to hire from their campuses.

The placement teams are "evaluating" how acceptable is the US-headquartered firm, which usually picks up students during their internship process and then rolls out pre-placement offers.

"We are evaluating options. The internship process for the batch of 2026 will start in a few days and companies come in during July and August," said one of the placement executives at an IIT whose alumni are working for the firm. "Jane Street has been a regular recruiter over the last few years, but we are awaiting the regulator's (final) decision."

The executive added that Jane Street has not put in its name yet, while some of its competitors have contacted the college.