Just a few months ago, thousands of former interns who said they were underpaid -- or not paid at all -- settled a $5.8 million class action lawsuit with Conde Nast.
Perhaps they should have interned at Facebook instead.
The social networking giant has topped Glassdoor.com’s annual list of the 25 best internships in the country for the second year running. The social networking giant is among many corporations in America that are turning the idea of a traditional bottom-rung internship upside down.
Just look at what they’re paying. Facebook interns earn more than $6,000 a month on average, according to Glassdoor. Specialize in software engineering, and you could up your pay to nearly $7,000. (It’s important to note that these numbers are estimates, as Glassdoor bases its findings off of self-reported wages.)
“[We] are working on very interesting problems, which actually affect more than a billion people. You also learn a lot from people around you.” — Facebook intern
The fact that major corporations like Facebook (FB), Google (no. 3) — and even Yahoo (no. 6), parent company of Yahoo Finance — tend to lavish their interns with fat wages and cushy perks like free smartphones, housing stipends and meals, is no secret. It might make the average minimum wage office drone want to throw a fit, but does it makes sense. These companies aren’t just looking for wide-eyed college grads who know how to replace toner cartridges in the office copier. They are competing to hire the best talent possible, and lucrative internships are an easy way to lure them in young. Workers with skills in software development are especially in demand today, with average starting salaries close to $100,000 per year.
But Facebook is going to have to keep upping the ante if it wants to stay at the top of this list. Chevron (CVX) came in at no. 2, making it one of a few non-technology companies to crack the top 10 this year. The energy company's San Ramon, Calif., headquarters are just an hour away from the heart of Silicon Valley and it seems like the high-paying intern trend has rubbed off on them — interns earn an average $6,000 a month and can specialize in a dozen different areas, including engineering, business development, and Earth Science.
Google (GOOGL), which came in at no. 3 this year, has become so famous for its intern culture that it inspired a feature film. The company pays its interns between $6,788 and $7,214 per month, according to Glassdoor.
Glassdoor’s list wasn’t entirely based on pay — interns had to actually like working for the companies, too. Also, each company was rated on a scale of 1-5 for interview difficulty and overall company appeal. Facebook, Chevron, and Google each tied with a 4.6 rating for likeability. Chevron’s interview process was rated as one of the easiest, with a 2.5 score. Facebook, Apple (AAPL) and Morgan Stanley’s (MS) interview processes were the toughest of the bunch, each earning a 3.1 rating for difficulty.
Check out Glassdoor’s full ranking below.
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