<p>How much do most summer internships/jobs do people usually get paid? </p>
<p>I know that the book The Internship Bible from the Princeton review claims that actually only 62% of internship are actually paid. I am just surprised by the disparity from $0 to even some upper claims of $37 in engineering. I would really want to know whats realistic these days.</p>
<p>I would appreciate some insight.</p>
<p>Last summer I worked for a semiconductor company in their corporate strategy group and got paid $3,120/month (max 40hrs/week). This summer I am working at a Hollywood studio in their corporate development group and am making $3,900/month (working about 50 hrs/week). </p>
<p>Out of my friends doing internships I am on the high side this year and last year I was paid a little above average. My friend's intern wages range from $0-4500/month. The ones on the higher end of the spectrum are either working in investment banking, engineering, or at a large corporation in a group closely linked to upper management (i.e. I work in the corporate development group at a large firm/studio and my group interacts daily with the CEO, CFO, COO, and the rest of the execs). The ones on the lower end of the spectrum are working for non-profit firms, or government type internships (usually get minimum wage).
The ones in the middle tend to work for large corporations in either a finance, accouting, budget/planning department (i.e. working at Johnson & Johnson, General Mills, Toyota, L'Oreal, etc.)</p>
<p>I make 12/hr</p>
<p>Thank you for sharing. Im getting $17 doing market analysis for a software company.</p>
<p>Are the ones on the higher range like I-banking have long hours as an intern?</p>
<p>yeah the ones in banking are pulling 80-100 hrs/week...on a per hour basis the salary is pretty lousy.</p>
<p>Ehh thats terrible.</p>
<p>Huh...I'm doing an internship at GM fresh out of high school. I have a base pay of $2550/month (OT and holiday pay available) plus GM gives me a $2500 scholarship. I'm guarenteed a job for 5 summers.</p>
<p>There was a very interesting article in either the NY Times or WSJ about paid and unpaid internships and for the latter about how students pay astronomical fees to obtain one.</p>
<p>"Huh...I'm doing an internship at GM fresh out of high school. I have a base pay of $2550/month (OT and holiday pay available) plus GM gives me a $2500 scholarship. I'm guarenteed a job for 5 summers."</p>
<p>you sure you're guaranteed a job for 5 summers at a company like GM? ;)</p>
<p>lol..................</p>
<p>I found the article its called Take "This Internship and Shove It" at the NYtimes. </p>
<p>I make $13/hr plus benefits of free soda and occasional free meals, with only 30 hours a week of work required (up to 40 if I want). I also get the experience of dealing with profitability-critical aspects of companies such as Yahoo, and Dow Jones through the company I work for.</p>
<p>The above mentioned upper range of intern salaries is quite reachable without being in the banking industry or the like, nor working long hours.</p>
<p>We know students who have gone through this company in order to obtain internships. The parents of these students ended up paying a hefty sum just so their son/daughter could obtain an internship, which they should have been able to secure on their own (through their respective universities, etc.)without having to spend a small fortune. <a href="http://www.uofdreams.com/%5B/url%5D">http://www.uofdreams.com/</a></p>
<p>i just finished junior year in HS, and i'm interning at morgan stanley through a program at my school --- doing software development for semantic analysis of documents to determine their relevance. I basically code 8 hours a day for $10/hr.
my brother (finished freshman year at cornell) works at some corporate lawyer firm in IT, doing not very intensive work for $14 /hr</p>
<p>so it depends on the program you get the internship through and your level of education
i'm not that knoledgable on this but from what I've seen it really varies, even across similar jobs...</p>
<p>tachobg: I imagine you're also getting significantly lower pay since you're not in college. I don't see other explanations for difference between what I know Bloomberg pays.</p>
<p>Last summer I made $7,500 buuuuut this summer I'm working in an entirely different industry, in a major film production/distrubution company just to get my foot in the door. I get $20/a DAY, rights to expense reports, school credits, and great contacts. But it's just parttime, and other days I'm a production asst and I'll make a couple thousand, not as much as last summer, but it's only parttime and it's really worthwhile for what I want.</p>