Dive Brief:
- Facebook pays its interns a median $8,000 per month, according to a list of the 25 highest-paying internships recently compiled by Glassdoor. Seven of the top 10 most lucrative internships are in the tech industry.
- Amazon, Salesforce, Google and Microsoft round out the top five, all paying interns a monthly stipend of $7,250 or more.
- To construct the list, Glassdoor relied on interns themselves to report their wages. To be included, a minimum of 25 salary reports must have been included on the site by workers during a specific time period. The rankings give students and those considering retooling their career insight into potential earnings.
Dive Insight:
From mentoring high-schoolers to traditional college programming to returnships, internships have proved themselves valuable in giving learners a chance to test drive a job while allowing employers to build up a talent pipeline. Unpaid internships still exist, however, and new guidelines may be making room for them in some areas of the workforce.
Newer incarnations of earn-while-you-learn opportunities are popping up across a wide variety of industries. Demand for talent is on the rise, especially in blue-collar workplaces, as more businesses look at these workers as a potential talent. Employers can easily convert interns into employees if they prove a successful match.
As employers benefit from the various perks internship programs provide, interns gain skills that bolster their resumes. Many companies are considering the skills acquired through these programs, other work experience or even volunteerism to be more valuable than GPA. As employers continue to shift their priorities to align with today's market conditions, students may be in more demand than ever.
