Generally, a stipend is simply a fixed sum of money paid periodically to cover expenses.
Companies that can’t afford to pay their interns on an hourly or monthly basis offer stipends to help students cover expenses that typically occur during the course of an internship. Candidates are not expected to cover the fees associated with an intern’s social life.
Some Internship opportunities can be full-time or part-time and they can be paid or unpaid as well.
What Is a Summer Internship?
Summer internships are usually six weeks to six months long and follow the college semesters.
Depending on when the student gets out of college, a summer internship usually starts in May or June and continues through August. The most common timeframe for summer internships is to begin right after Memorial Day and to run through the end of the first week of August.
Internships provide students with a look into the real-world. They get a front row seat to a potential career choice. An internship provides a hands-on learning experience for new comer. They go into the internship thinking they want to work at a specific company or in a specific industry – they come out of the internship either confirming those thoughts or deciding to pursue something completely different.
Things to Remember: A well organization having great portfolio can help candidates to improve their technical skills as well as real time project training. You should keep some points in mind while making decision as most of the organizations are not registered company, they might be a institutions or coaching centres where you will explore only the world of theory and their planned syllabus.