These are the ten companies that pay the highest salaries to their interns
The technology industry and finance lead the ranking. The highest monthly salary an intern can earn this year is $9,064.
The five companies that pay their interns the best have one thing in common: they are all part of the technology industry. Moving further down the rankings, the bottom five highest-paying internships also include finance-related positions. So revealed a new report from Glassdoor.
Although the large technology companies have been the protagonists in recent months for their massive rounds of layoffs,they are undoubtedly the ones that pay their interns the best.
2022 vs. 2023 salaries
Compared to 2022, the highest salary this year is lower than last year. The highest average monthly salary in 2023 is $9,064, slightly lower than in 2022 ($9,667). Daniel Zhao, chief economist at Glassdoor commented to CNBC:
However, when adding up the salaries of all the most lucrative practices, this year will surpass 2022. The average of the top ten highest paid in 2023 is about $8,206, up from $8,100 on average last year:
In 2022, 87% of paid interns reported receiving a salary of at least $15 per hour and the study revealed that the average intern actually earned $24.63 per hour (an 11% increase from the average salary of $22.17 in 2021).
Technology companies pay the most
1. Stripe: online payment platform - technological / Approximate monthly remuneration: $9,064 (over $100,000 per year).
2. Roblox: video game development platform - technological / $9,017.
3. NVIDIA: a company that designs graphics processing units and application programming interface - technology / $8,280.
4. Coinbase: cryptocurrency trading platform - technological / $8,206.
5. Target: corporation and parent company of Facebook, Instagram, WhatsApp and others - technological / $8,160.
The first ten include finance
6. Capital One: bank holding company - finance / $8,050.
7. Credit Suisse: financial services and banking company - finance / $7,947.
8. Bain & Company: management consulting firm - finance / $7,873.
9. Amazon: e-commerce corporation - technology / $7,809.
10. EY-Parthenon: global strategy consulting firm - finance / $7,651.
The companies that pay the most are not necessarily the best ones.
The report found that the companies that pay interns the best do not always correspond with those that have the best business prospects for them, Zhao said:
One example is that, despite paying their interns some of the best salaries, Stripe, Meta and Coinbase have the lowest future outlook ratings in the rankings. On the other hand, NVIDIA had the best business outlook rating.