In a twist that will likely surprise nobody, the biggest tech firms pay interns the most of any company, according to new data from Glassdoor. In fact, these internships pay more (if you extrapolated them out to an annual salary) than most "typical" jobs in the U.S.
An intern at Facebook, for example, can pull down a median monthly pay of $8,000. But other firms aren’t far behind: Amazon came in second with median monthly pay of $7,725, followed by Salesforce in third with $7,667, and Google in fourth with $7,500. Here’s the rest of the list:
Although finance firms such as Goldman Sachs also performed well (no surprise, given those companies’ cash flow and reputation for high salaries), tech definitely ruled. In order to build this list, Glassdoor used salary data reported by interns between March 2018 and the end of February 2019.
“In today’s strong job market, it’s a great time for college students and recent graduates to enter the workforce and start their careers,” Glassdoor added. “With historically low unemployment rates and growing job counts, job seekers are in the driver’s seat when it comes to where they want to work and employers are willing to pay top dollar for roles and skills that are in high demand but short supply.”
The key question, as always, is how someone can turn an internship at a top-notch tech company into a full-time career, especially considering the fierce competition for entry-level slots. Back in 2016, recruiting manager Mindy Silverman told Dice that interns should seek out informational interviews with influential people within an organization, such as the managers of departments; that advice is still good today.
At the same time, landing a permanent job isn’t just a matter of getting friendly with executives. During your internship, you must demonstrate that you have the ability to succeed in a full-time role. In addition to successfully deploying your “hard skills” (such as coding or model-building), there are also “soft skills” (such as persistence, intellectual curiosity, and communication) to consider. Don’t just get your work done; make sure you listen carefully in meetings, offer your opinions in a reasoned and considered way, and volunteer to help when needed.
It’s also a matter of communicating exactly what you’ve been doing to your manager or supervisor. If they can see that you’re doing excellent work and achieving results, they’ll be more inclined to offer you a full-time position. But remember that internships are meant as learning experiences—if you run into an obstacle or issue, don’t be afraid to ask for help.
And remember, even though some internships in tech pay quite a bit, you can earn even more as a full-time employee in a competitive industry—even at entry level.