Rs 67 lakh stipend for 2 months? IIT internship post goes viral, leaves internet in disbelief

A hiring announcement claiming that IIT students were being offered a two-month internship with a staggering gross CTC of Rs 67 lakh has gone viral on Reddit and X. The post has triggered widespread debate among users, with many questioning the authenticity of the figure and speculating about the company behind the offer.

Screenshot Circulates Widely

The screenshot, which has been extensively shared on Reddit’s r/Btechtards forum and X, promotes a quant internship based in Gurgaon. It has garnered thousands of views, reactions, and comments, drawing significant attention from students and professionals alike.



The post highlights details of a Quantitative Strategist internship aimed at pre-final year students. According to the post:
Stipend: Rs 30,00,000 per month
Gross Internship CTC (2 months): Rs 67,00,000
Location: Gurgaon, Haryana
Eligibility: Students from B.S-MS (Math & Computing), B.Tech, and related streams (including CSE, EE, DSAI, ECE)
CGPA Requirement: 8.5 and above

Speculation Around the Employer

Although the original image does not clearly mention the company’s name, several users suggested that the opportunity might be associated with Quadeye, a Gurgaon-based quantitative trading firm known for hiring from top engineering colleges.

Clues From Job Listings

The conversation gained further momentum after some users highlighted Quadeye’s official careers page, which currently features an "intern - quant strategist" role in Gurgaon. As per the listing, interns are involved in analysing market data, developing trading strategies, and carrying out quantitative research while working closely with experienced traders and researchers.

Disclaimer: This article is based on a user-generated post on X. ET.com has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of ET.com. Reader discretion is advised.