Interns at a few of the world’s largest expertise and monetary firms can earn greater than $100,000 a 12 months, in accordance with a Glassdoor study launched this week.
The profession analysis agency ranked the highest 25 firms in accordance with the place interns earn essentially the most, utilizing wage knowledge that they self-reported between February 2021 and February 2022. Topping the record is on-line gaming platform Roblox, the place median month-to-month pay for interns is a hefty $9,667 earlier than taxes — about $116,000 a 12 months.
At each Uber and Capital One, median pay for trainees is $8,333 a month, whereas at No. 3 Salesforce interns mentioned they earn $8,167. Rounding out the highest 10 had been Amazon, Meta (previously Fb), Nvidia, LinkedIn, HubSpot and Expedia.
By comparability, the median wage for an Uber worker is $99,680 and $83,628 at Capital One, in accordance with firm knowledge. Staff at Salesforce earn $154,800.
One purpose these interns earn such excessive wages is as a result of they’re working in specialised tech areas like software program engineering, consumer expertise design and machine studying, Glassdoor economist Lauren Thomas, who compiled the information, mentioned in an analysis.
College students are largely interning remotely, though many would slightly be within the workplace, Glassdoor discovered.
“Though many employees desire distant work, interns really feel otherwise,” Thomas mentioned in a press release. “Internships are sometimes packed filled with partaking actions designed to immerse interns in a real-world work setting and entice them again to the corporate post-graduation. However with the onset of COVID-19, many of those in-person occasions had been all of a sudden now not doable.”
Many employers halted their internship packages when the coronavirus pandemic started, depriving hundreds of faculty college students of the possibility to jump-start their careers. However firms at the moment are resuming internship, in accordance too Glassdoor.
About half of these college students who had been fortunate sufficient to snag internships throughout the pandemic needed to full them remotely, in accordance with a 2021 workforce study by the College of Wisconsin-Madison. Distant interns reported decrease satisfaction partly as a result of managers had been much less prone to assign them “high-skill supervised work,” in accordance with the examine.
Tech is not the one business providing plum internships. The examine additionally discovered that interns working in banking, advertising and marketing, product administration, and variety and inclusion additionally are inclined to get greater pay.