noob123

Please recommend some good companies that offer paid internship for undergraduate students (sophomores) in the field of Computer Science. I am studying at University in Europe, current gpa = 9.5 out of 10.00, top 3 student in my generation.

thanks

eb693

Y'know, I go to University in England, and I just got a $72,000pa internship at Morgan Stanley as a technology analyst... that's got to be up there

EECS@JHU

Microsoft, Google, Yahoo and tech departments at most of the top BB investment banks.

kotchian123

eb693 for you to make such an assertion, you'd better back it up with at least some more explanation. Because otherwise, it looks silly.

I knew 2 EECS individuals at Cooper Union last summer who interned at Barclays NYC office who made 5K a month (which is the same rate at which i-bankers/traders make in their internships).

b@r!um

What's silly about a year-long internship paying $72,000?

eb693

No person my age should have access to that kind of money that's what's silly!

I-banks are the way to go for money-however, somewhere like IBM would be interesting.

EECS@JHU

dude out of that 72k, you will pay about 30-35k for taxes because your position is very likely based in NY or London. Add in housing expenses and you are not left with much.

hazmat

His folks are paying for housing....right? I mean they pay for the dorm. Why not pay for townhouse? Right.

kotchian123

sorry i thought you meant summer internship paying you 72,000.

Also, I'm still surprised your making 72K starting at an IT JOB. I was under the impression that I-banks pay their IT hires 60-65K starting. Why are you getting a raise here.

hazmat

That starting is negotiable on the firm's part. I have more than a few buddies/Wharton/MIT/Stanford/CS who started at well over that not including bonuses. All went out for over 100grand and Stanford dude is just finishing up but working now part time going to firm only a couple of times per month rest from his dorm room.

eb693

"dude out of that 72k, you will pay about 30-35k for taxes because your position is very likely based in NY or London. Add in housing expenses and you are not left with much."

Well, I'm based in London, so it's 36400 GBP, or roughly $72000. Taxes leave that at around 29000 GBP, minus 4800 for housing and utilities, plus 1000 relocation bonus leaving me with 18000 GBP left over.
I can easily put around 10000 aside in a high-interest account and live off the rest quite comfortably... or 8000, and live more comfortably... either way, I don't have to worry about rent after I graduate, even if I don't have a graduate job waiting for me.

I don't get bonuses, but neither do all the other interns - and besides, MS pays everyone at the same job-title equally, it's just the bonuses that each section gets that make the difference... e.g., M&A easily will double a consultants salary through bonuses.

kotchian123

Correct me if I'm wrong but we are talking about IT / back office jobs at the I-banks - not that "quantitative analyst (quant.) / financial engineer" jobs correct? Because I have also heard of Standford PHD computer science students working at Goldman/UBS as quants.

I see the top comp. sci. students running into the financial modeling/quant jobs - this is not to be confused with IT jobs.

eb693

We are indeed talking about back-office application development, infrastructure, distributed systems work, etc. Not the quant work - stochastic calculus isn't really something I'm interested in, although building automated trading systems would be really cool, not to mention very technically demanding!

EECS@JHU

You are right - no one your age should have access to this kind of money

CH121S

eb theyll work every single penny of that money out of you believe me.
but back to the original poster. Id say jsut about any of the fortune 500 companies would be a good fit (the good thing about CS is you can find a job at just about any of them.)