From $7,000 To $16,000 / Month – That’s How Much Internships Are Paid



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Nov 26 2014
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An “internship”, or simply a job training, is an opportunity offered by an employer to potential employees, called “interns”, to work at a firm for a fixed, limited period of time. Usually catered for undergraduates or students, internships are quite similar to apprenticeships. Typically, it could last from one week to 12-months. Often, internships are considered as the golden opportunity for freshies to gain their first ever job experience.

 

Employers, on the other hand, get to evaluate the interns for a possible permanent employment. Hence, it was a win-win situation. Interns have the chance to demonstrate their capabilities during the training period, while employers get to pick and choose the best candidates as their (new) staffs. Since the interns have zero experience, their pays or rather allowances, are often pathetic.

Internships Cross Words

Interns could be paid a couple of hundreds of dollars, just enough to cover their food and transportation. Besides, some problematic interns could contribute close to zero productivity, so employers often think such paltry amount is justifiable. Of course, freshies shouldn’t be too choosy or picky as their primary objective is to get the relevant experiences, to be included into their resume.

 

Depending on your major and industry, the monthly pay for internships differ very much geographically. Top tier companies no longer offer monkey pay for fresh graduates, especially when such students come from prestige universities. Needless to say, besides arming yourself with credentials from top schools, it’s always wise to check out what are the market rate to work as an intern.

Working at Google

For all you know, the only reason why you didn’t make the internship with Google or Facebook could be due to your indifference or ignorance about your internship’s package. You may think that asking for market rate could offend the interviewer. But multinational companies such as Apple, Microsoft or Dropbox may get offended that you didn’t even bother about your own pays, giving an impression that you’re an unreliable staff.

 

Recently, 19-year-old Cornell student – Jessica Shu – had compiled some internships package from Reddit thread. As surprisingly as it shows, some top technology companies are paying top dollars even for “part-time” jobs, as some of you may equate as the internships. From US$6,000 salary plus US$2,500 housing per month, to above US$10,000, with free Macbook Pro thrown in – that’s how luxury and lucky interns are nowadays.

 

Apple-Small-Logo

Apple

Total Package = $9,500/month ($6,000 + $3,500 housing)

 

 Amazon-Small-Logo

Amazon Seattle

Total Package = $8,500/month ($6,000 + $2,500 housing)

 

 Amazon-Small-Logo

Amazon SF

Total Package = $11,000/month ($7,500 + $3,500 housing)

 

 Coursera KPCB-Small-Logo

Coursera KPCB

Total Package = $8,000/month ($7,000 + $1,000 housing + Macbook Pro)

 

 Dropbox-Small-Logo

Dropbox

Total Package = $13,500/month ($8,500 + $5,000 housing or provided housing)

 

 Edmodo-Small-Logo

Edmodo

Total Package = $7,000/month

 

 Facebook-Small-Logo

Facebook

Total Package = $7,800/month ($6,800 + $1,000 housing or corporate housing)

 

 Fitbit-Small-Logo

Fitbit SF

Total Package = $9,300/month
 Foursquare-Small-Logo

Foursquare NY

Total Package = $11,000/month ($6,000 + $5,000 housing)

 

 Google-Small-Logo

Google

Total Package = $16,000/month ($7,000 + Housing Stipend of $9,000?)

 

 Jane Street-Small-Logo

Jane Street

Total Package = $10,400/month

 

 LinkedIn-Small-Logo

LinkedIn

Total Package = $7,600/month ($44/hour) + 5,000 one-time relocation

 

 Microsoft-Small-Logo

Microsoft Seattle

Total Package = $10,000/month ($7,500 + $2,500 housing) + $5,000 returning intern bonus
 Palantir-Small-Logo

Palantir

Total Package = $7,500/month + unknown housing

 

 Pinterest-Small-Logo

Pinterest

Total Package = $9,000/month ($7,500 + $1,500 housing)

 

 Quora-Small-Logo

Quora

Total Package = $9,750/month ($8,250 + $1,500)

 

 Square-Small-Logo

Square

Total Package = $9,000/month ($7,500 + $1,500 housing – Doctorate Student Internship)

 

 UpThere-Small-Logo

Upthere

Total Package = $7,300/month ($6,400 + $900 housing)

 

 Zynga-Small-Logo

Zynga

Total Package = $8,000/month

 

 

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