<p>Responsibilities for interns vary. At one company where I worked, I was treated more like an entry-level employee after working there for a while. At another, I was given work that was more intern-esque with significantly less responsibilities than those of entry-level employees.</p>
<p>Lil killer, </p>
<p>I’m sure the 58k was most likely a mistake and should be 5800 a month. </p>
<p>When I was a Mechanical within the oil/gas industry my internship salaries ranged from 3500-6500 per month. Most companies would either provide corporate housing or a nice lump sum of 3-5k for relocation.</p>
<p>Of course this data doesn’t give you a idea about the industry that the majors entered. An ibanking intern could easily earn 5-6k per month.</p>
<p>If and when these internships offer some form of housing, are you allowed to bring pets?</p>
<p>I brought my dog. They even offered unlimited free day care/boarding at a local petsmart during week days</p>
<p>$3000 per month salary + $1000 per month for housing as a sophomore IE for a supply chain role at Tyco.</p>
<p>When I worked as an ME at Rolls-Royce in Indianapolis, we got roughly $20/hr plus half of our housing paid for, which came out to somewhere around $11,200 for the 12-week summer session. That translates to roughly $42k a year, which is just a little less than what the average entry-level engineer makes at that facility (interns that come back to work full time usually got just over $60k).</p>
<p>As for responsibilities, generally they gave me 2 or 3 projects to manage at once, and usually 2 of them were the same scale of project that they would give to a full time new guy. When I was younger and less experienced, the projects were more “intern-y.” Basically, I did the same thing that the full timers did but had a 2-3 projects going on at once as opposed to some of the full-timers who had more like 4 or 5 going at once, thus the lower pay.</p>
<p>I made 10,000 this summer plus 1500 signing bonus for my internship at a bank this summer. this is about 52,000 a year…which is a little less than the full time salary for the same position.</p>
<p>" I made 10,000 this summer plus 1500 signing bonus for my internship at a bank this summer. this is about 52,000 a year…which is a little less than the full time salary for the same position. "</p>
<p>which bank? That’s some severe short-changing right there…</p>
<p>I earned $16.53 (Canadian) at my internship two years ago. At the time, I had just finished my sophomore year in EE and it was my first internship experience.</p>
<p>
</p>
<p>Isn’t that average for an average job in finance (not investment banking)?</p>
<p>I say that is near the average or maybe slightly below for banking internships.</p>
<p>UT Business average is around 4k per month (Internships by industry -> Investment Banking).</p>
<p>[Business</a> Honors Program - McCombs School of Business - The University of Texas at Austin](<a href=“http://www.mccombs.utexas.edu/programs/bhp/corporate/index.asp]Business”>http://www.mccombs.utexas.edu/programs/bhp/corporate/index.asp)</p>
<p>The question is, did you get any other compensation (relocation bonus?).</p>
<p>$31/hour and a $3000 signing bonus. EE from Michigan. Oil industry.</p>
<p>well street rate was 60k + 10k sign on for first year analyst last year so intern got the prorated version of that so basically 60k prorated + 2k signing bonus… </p>
<p>Since street rate just got raised to 70k this year I would assume interns would get the raise too?</p>
<p>I’m making almost $36 an hour. but no signing bonus this summer as an EE in the oil industry.</p>
<p>36/hour is goddamn incredible (seriously, good for you). The simple fact of the matter is that full time EEs in the oil industry don’t get paid much more than that.</p>
<p>I’ve heard of CivE upperclassmen at my school making as low as $9/hr. Jesus Christ.</p>
<p>Graduate students doing co-op all seem to make over 4 times that much, though.</p>
<p>
Freshman year, I worked as an inspector for $9.42/hr (though technically my union had negotiated a rate increase in the CBA and I got retroactive pay after I was done for the summer). Some of the people I worked with were upperclassmen though.</p>
<p>I make more as a cashier at a bakery and get to hit on girls. Then again, that’s part-time.</p>
<p>But yeah, it’d have to be really cool work or my only offer if it paid $9/hr. Aren’t I entitled :]?</p>
<p>I just checked to see if the rate increased for that position since when I worked there and now it’s up to $11.60/hr (compared to $9.42 six years ago).</p>
<p>I have a friend that made $5,000 a month, and the company also paid for a place to stay.</p>
<p>This was for an summer intern.</p>
<p>Here is a link:
[Fog</a> Creek Software - Intern in Software Development](<a href=“http://www.fogcreek.com/Jobs/SummerIntern.html]Fog”>http://www.fogcreek.com/Jobs/SummerIntern.html)</p>