Stipend: The fixed monthly amount paid to an intern. It is not called a salary because interns are usually not regular employees.
Example
Your offer letter mentions a stipend of ₹20,000 per month, paid at the end of each month.
Why Stipend matters for IT interns
You need this word to read offers correctly and to answer "expected stipend" questions in interviews.
Where you will hear it
You will come across this term while searching for internships, reading offers, and talking to recruiters or your college placement cell. If someone uses it and you are not sure what they mean in your project, it is completely fine to ask; every team uses terms a little differently.
Related terms
- Paid Internship: An internship where you receive a monthly stipend for your work.
- Pre-Placement Offer (PPO): A full-time job offer given to an intern before regular campus placements, usually because they did well…
- Probation: A trial period after joining as a regular employee, when the company reviews your performance before…
- Selection Process: The steps a company uses to choose candidates, such as an online test, coding round, technical interview and…
- Unpaid Internship: An internship with no stipend.
- Work Experience: Time spent doing real work in an organisation.
Previous term: Stakeholder | Next term: Story Points
Related guides
- IT Internship Guide for Students in India
- How to Apply for an IT Internship
- Internship Offer Letter: What to Check
Frequently asked questions
What is Stipend?
The fixed monthly amount paid to an intern. It is not called a salary because interns are usually not regular employees.
What is an example of Stipend?
Your offer letter mentions a stipend of ₹20,000 per month, paid at the end of each month.
Why does Stipend matter for IT interns?
You need this word to read offers correctly and to answer "expected stipend" questions in interviews.
Explore more internship terms
The IT Internship Glossary explains 199 terms you will hear before and during your internship, with simple definitions and real examples.
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About the author
Dhaivat has 16+ years of experience in the IT industry, working on AI and cloud technologies, project delivery, and engineering leadership. He has interviewed and mentored many interns, wrote The Lost Intern, and runs the non-commercial Career Impact Initiative, mentoring students for free.