Click through for the top 25 paying companies for interns, as identified by Glassdoor.com.
While the median household income in the U.S., according to the U.S. Census Bureau, is $53,046, several interns earn much more – $75,000+, assuming they were to work a full year. At a time when the income inequality debate continues,Glassdoor is revealing its report of the 25 highest paying companies for interns, to shed light on how much money some companies pay interns and to underscore the current competitive climate among employers for the best, new talent.
San Francisco Bay Area-based employers dominate the list, representing 18 of the top 25 companies. In fact, the top three employers are tech companies based in the San Francisco Bay Area, including Palantir Technologies, ranking #1 with interns earning an average monthly base pay of $7,012, VMWare, ranking #2 with interns earning an average of $6,966 per month, and Twitter rounding out the top three with interns reporting an average monthly pay of $6,791. Plus, as the war for talent continues across all industries, we see that 19 of the 25 highest paying companies are within the technology sector, while four companies are within the oil, gas, energy & utilities sector.
However, pay isn’t everything. According to a recent Glassdoor survey, interns report that when deciding on where to work, some factors most important to them include:
- Career growth (77 percent)
- Salary & compensation (74 percent)
- Location & commute (41 percent)
- Company culture and values (41 percent)
Source: IT Business Edge