<p>I found the article really interesting but am curious if they all report under the same criteria. I know D’s boyfriend is interning at a tech company (I think his would have made the list but they said in the small print that they had to have at least 20 salary reports) this summer, and he is being paid in the mid 30 dollar an hour range, and can work overtime if he wants. Housing is also provided for the 12 week term. Using $35 an hour he is making $6,066 a month but then add the housing and it easily pushes it to over 7k a month. Crazy money and this will be his third summer in SV. Maybe computer science is the way to go these days! By comparison, by D’s internship is paying in the mid 20’s an hour, but she has to pay her housing (Actuary)</p>
<p>I always thought all their friends that have gotten engaged recently were proposing with rocks bought by mom and dad…now I know…haha.</p>
<p>On the other hand, getting an internship with Palantir is extremely difficult. I heard they only hire about 2 out of 100 that they interview, and I believe they make you go through at least 3 interviews.</p>
<p>It can be very tough to get some of these internships, so it’s not a done deal if you have the major. If you go with a non-tech company in software engineering, it can pay about 3.5-4K/month, based upon my small amount of information.</p>
<p>@busdriver11. I think some tech companies just hit certain schools too. My D’s boyfriend lives with 5 other CS majors at his University. Of the 6 of them, they are all doing internships with companies on that list, with the exception of him, and I think his would be if they had 20 reviews.</p>
<p>My D is one of those girls that just got engaged with her boyfriend’s money…not his parents! He’s a junior at Carnegie Mellon majoring in Computer Science and Electrical Engineering. This will be his 3rd summer interning…all with tech companies in various parts of the country…all upwards of $35 an hour with a housing and transportation stipend too. Needless to say, we are thrilled that this young man is going to be our SIL!!</p>
<p>@kef318…I find it interesting that these young men are settling down earlier than most co-eds. Maybe they found women that put up with their odd programing hours…lol</p>
<p>Could be! They’ve been together since the 10th grade and are a couple of “old souls.” My D will be going off to dental school and they are committed to go together…wherever that may be!</p>
<p>^I missed that. 2 financial institutions, 4 petroleum, 19 tech companies make the top 25. Is that a change from the past? I am still surprised there aren’t more financial institutions in the list.</p>
<p>Four years ago when D1 was an intern at an IB, her monthly salary was 6500, which was the norm for all IBs. I am sure they are paying more now. I don’t think the list is really complete.</p>
<p>At the bottom of the list it says something along the lines of “based on companies with 20 or more shared salary reports between “x” date and “x” date.”</p>
<p>My son got close to $50,000 for a 10-week internship with an IB firm a few years ago. However, he worked an ungodly amount of hours for that money.</p>
<p>We were grateful S got a stipend and NO living or travel expenses for $5K for 10-12 weeks after JR year. He studied for the LSAT in his free time. He was an EE major. I guess he had to go with a private company to get $$$!</p>
<p>My high school senior was just offered a paid internship at Intel! I hope it helps get him into the school of his dreams. Not that he’s dreaming of college because he’s so busy programming all the time! They grow up fast.</p>
<p>Any reason that should exclude the financial industry? If the criterior is worded so restrictive as to exclude an entire industry, this survey is useless. </p>
<p>It does not exclude any industry. It is simply saying it is basing it off a deeper sample than just one internship. The fact is my daughter interviewed in the financial sector and did not get offers anywhere near those terms. The finical industry is not deeply represented because they are not paying what the tech companies are. I think what the survey does is shows that the money is in programing. That has been by experience with the young people I know. They are employable, they are making high dollar and most leave school with no loans because these internships are bridging the gaps.</p>
<p>Last time I looked, IBs are still paying 80-85K annualized salary to their summer interns. That is just base. Once they become full time, they also get a fairly high bonus (multiples of their base sometimes) that new employees at tech companies don’t always get. This survey completely excluded IBs salaries, and that information is readily available (information submitted by those firms’s HRs).</p>