Landing an internship at a top company can be quite great for your resume, but as a bonus, could also be quite lucrative. There are internships with major companies paying incredibly well.
Recently, Glassdoor.com published their annual list of the 25 companies which have the highest paying internships. These are certainly choice, coveted internship opportunities with amazingly high salaries. Many of these internships allow those accepted to work on real projects using state-of-the-art technologies.
Not your father’s internship
These internships aren’t “your father’s internships.” Years ago, interns were typically given busy-work, Many employees viewed them as a nuisance. That’s not the case here. These positions have tremendous responsibilities and commensurate salaries; one company – Facebook — pays an average annualized salary of nearly $100,000 for its interns. If you’re paying someone $100K, you are sure going to expect them to produce work.
All these internships pay over $4,500 per month
The lowest salary for these 25 internships is with Bank of America. The salary for interns at BofA is $4,570 per month; that’s an annualized salary of $54,840. To put that in perspective, the average American salary for a full-time employee is $51,350. All 25 of these internships pay a higher salary, on a monthly basis, than the average American earns.
Tech dominates the list
It should come as no surprise that the list of top 25 internships is dominated by technology companies like Google, Facebook, Amazon, Apple, Microsoft, and more.
These are incredible opportunities for those college students who are accepted for these positions. Interns will have the opportunity to work in real world situations. For instance, Facebook’s open culture, world-class mentors and opportunities for real impact are just a few reasons why their intern program was ranked #1 on Glassdoor for the second year in a row.
“Amazing perks (free food, snacks, transportation, housing (own bedroom and bathroom!), as well as completely paid for intern events on the weekends.” —Former Facebook Software Engineer Intern
Highest paid internships
The top paying internships are:
- Facebook – median monthly pay $8,000
- Microsoft – median monthly pay $7,100
- ExxonMobil – median monthly pay $6,507
- Salesforce – median monthly pay $6,450
- Amazon – median monthly pay $6,400
From the highest paying internship, almost $100,000 annualized at Facebook to the lowest, almost $55,000 at Bank of America, these are great opportunities.
It’s not just tech jobs
While tech companies might dominate the list, the internships being offered are not solely for technology majors.
“Great supervisor, great benefits, great location, great work experience. I learned a ton in this position that I believe will serve me well in future endeavors.” —Former Amazon Human Resources Intern
Amazon, for one, has positions in various capacities allowing interns to work on complex and challenging problems that can impact millions of Amazon customers. Many companies on this list are looking for interns to join teams across various departments, including Sales, Marketing and People Operations. Interns will help identify challenges, collaborate on building solutions, and drive meaningful change for clients and users. These are great opportunties.
There are many internships
While some companies may only be looking to hire a small handful of interns, other companies hire many interns each year.
“Unparalleled experience. The community manager is basically your mentor. Knowledge is unlimited in this job and can open many doors if taken seriously.” —Former Marketing Intern at Yelp
Take Yelp for instance. The search and review company looks to hire 150 interns every year. When a new intern class starts, they have a significant impact on Yelp’s engineering team of about 400 people. Their work makes a substantial mark on Yelp and contributes to the company’s success. Yelp doesn’t only look for tech interns. They look for interns from all backgrounds and work as either software developers, product managers, or design interns.
“Huge company with lots of opportunities. Respected and dominant in the industry.” —Former Summer Associate Intern at BlackRock
Another example would be BlackRock. The investment management, risk management and advisory services company focused on both institutional and retail clients looks for interns across a wide spectrum of roles and responsibilities: “Whatever your interests, there is a place for you to grow at BlackRock – across businesses, backgrounds and borders. Both their graduate and internship programs offer opportunities in each of BlackRock’s business areas: Advisory & Client Support, Analytics & Risk, Corporate, Investments, Client Business, and Technology.”
It’s not just for upperclassmen
Typically, people think that internships are only for juniors, but there are opportunities for underclassmen – both freshman and sophomores. Microsoft – the #2 company on the list – offers 12-week internships to freshman and sophomores who are currently majoring in a technical field like Computer Science, Electrical Engineering, or Computer Engineering.
Skills sure, but confidence definitely helps
The job requirements listed for an internship, or any job for that matter, should not be a hindrance. If you have the skills and the drive, you might be able to land a lucrative internship; even you are just a junior in high school. My niece just landed an internship at a prestigious Connecticut-based design firm.
This is essentially an unpaid internship; they’re paying her a stipend to cover her transportation. The interesting and exciting tidbit here is that my niece is still in high school; she is finishing up her junior year now and will be a senior next year.
The design firm indicated that they only hire college students for summer internships, but my niece — who is confident by nature — decided to apply regardless. Clearly the firm was interested enough to allow her to come in for an interview, even though she was just in high school.
While the interview initially may have just been an opportunity to meet with her, my niece clearly wowed the firm as they hired her on the spot. Landing this internship is very exciting for her and will likely go a long way towards helping her get accepted into a design program at a university.
Whether you are a parent looking to help your child land the internship of their dreams or a college student looking ahead to the next life-changing opportunity, these are great places to start your career and are incredible opportunities. Here’s a link to the see the entire list. If you or your child have the skills and the enthusiasm, these are not-to-be-missed opportunities. Apply now.