<p>What is the highest-paying Engineering internship you've heard of?</p>
<p>I am not able to verify this, but I heard that a student at my school is making $42/hour as a summer intern at the local nuclear power plant.</p>
<p>I remember one student who got a local job at what we considered an ungodly amount at the time… quadruple what everyone else was getting per hour then. Later we found out that he only managed to bill 1 hour each month…</p>
<p>What’s $42/hr…somewhere in the range of 4,000- 6,500 dollars a month? That’s not unheard of.</p>
<p>Here’s the internship and salary data for my school. The median monthly income for NucEng was $3,800.</p>
<p>[Michigan</a> Engineering | 2008-2009 Salary Information](<a href=“http://career.engin.umich.edu/salary/20082009.html]Michigan”>http://career.engin.umich.edu/salary/20082009.html)</p>
<p>However, that doesn’t take into account who is a grad and who is an undergrad. Financial engineering makes the most (of course), but that is a graduate only program. That and they probably work 60-70 hours a week.</p>
<p>A petroleum engineering student I met at UAF got an internship with BP last summer and was making 9,000 a month!</p>
<p>The most I have heard outside of petroleum companies (as a mechanical engineer, FWIW) was somewhere around $32/hr… I suppose that is somewhere around $5200 a month. That was highly unusual at UIUC though. Most places it seemed people made around $20/hr, which is $3200 a month.</p>
<p>This was a couple years ago and only for undergrads.</p>
<p>Personally, I think it is ludicrous to pay interns 9000 a month. I mean, honestly, that equates to 108,000 a year for a kid who probably can do, at best, 2/3 of what a graduated engineer can do.</p>
<p>I hear microsoft and Google, (also amazon) pay very well.</p>
<p>boneh3ad, I think the “2/3” figure is way too generous, lol! Oh, I see you put “at best.”</p>
<p>is it just me, or will high paying internships discourage employers from hiring a student after graduation?</p>
<p>Wow I should do some applied physics work instead of just math and physics… Actuary internships only pay at most up to $28/hr…</p>
<p>
I don’t follow the logic…</p>
<p>I’ve heard of someone getting 18K for a 10-week internship, but I don’t know the person myself (friend of a friend) and don’t really know how truthful that is. Some Computer Engineering internship in California, so it’s expensive. Guy has a very high GPA (I don’t know exactly what, but it is above a 3.6).</p>
<p>I know someone who interns at Microsoft. I don’t know if this is 100% accurate, but if they really pay 80% of what the actual position makes, I think he will make around 15k by the end of this summer. Though this is just from what I see. Microsoft and Google do not post their wages on their app fees and merely list them as competitive…</p>
<p>Ha!</p>
<p>Competitive means the company will be paying you as little as possible in order for the company to remain competitive in the market.</p>
<p>"Competitive means the company will be paying you as little as possible in order for the company to remain competitive in the market. "</p>
<p>Maybe. But that “little as possible” sum is pretty dang good.</p>
<p>@alchemist007</p>
<p>How will the job market for petroleum engineering be for current high school seniors? I’m really considering it, but there are all these concerns that the oil will run out or that it won’t be as profitable around 2030. I think I might apply to texas a&m for petroleum engineering, but should I double major just to be safe? Any advice?</p>
<p>You should double major so you can more easily switch jobs in 2030.
That sounds like a great idea.</p>
<p>In preparation of 20 years into the future? Wouldn’t it just make more sense to get a Masters in something at that point if it is necessary.</p>
<p>There is no need to double major. You will be able to keep your job as a Petroleum engineer for at least 45 more years because by then you will have a lot of experience and experienced petroleum engineers will stay in high demand.</p>
<p>Even if you did need to transition Petroleum engineers can also move into geothermal, mining, geological, natural gas, metallurgical, mineral and other similar engineering careers without much trouble.</p>
<p>Conventional Oil will last until about 2060, probably longer.</p>
<p>I recommend a masters in something instead like geophysics to compliment your petroleum degree.</p>
<p>I think the harder it is to get oil, the greater the need for Engineers who know how to get it. </p>
<p>Demand for oil will never fall until supply is so limited that it is very expensive.</p>