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I was offered an IT internship with a well known company for $18/hr, and company housing. With amazing perks. What they didn't offer was benefits of any kind. As far as I know, many internships do not offer benefits, which seems to be pretty important to almost everyone.
I know of someone that graduated with that same degree, and got an entry level position for $48k before benefits. She also lives at home, and is saving a tom of money up so that someday she may move if she chooses to.
I made $45K as an intern 12 years ago. I don't think pay has increased at the rate of inflation, but we pay ours pretty well. And whether $70K is a good starting salary often depends on the geographical location of the job, and the industry. I know at least here, the big SW companies pay much better than other industries for similar positions. Additionally, I live in a city with a high COL, and salaries reflect that. It would really depend on who was doing the hiring.
It matters not just job field but also where the internship is located that can greatly effect the compensation package.
I have young cousin who's a junior in college, she got an internship is a finance field asking $16,000 for the summer. However, she's living in nyc so a large chunk of that goes to rent.
I'm trying to figure out if my sister is a total liar. She's graduating from U of Texas next year with a BS in Supply Chain Management. She's currently working at an internship claiming to make $48k and says another company is in the wings who will pay her $70k, straight out of school.
When I was looking at internships ten years ago, I never found any paid ones. Granted they were in different industries: PR and Radio.
If my sister is truly making this money, I am happy for her, but also very jealous. Does this sound legit? Or a bunch of smoke?
Thanks.
My brother did EE at UT in the late 90s and made $50k salary at his coop.
I made around $20 an hour in my CPA firm internships.
It's not surprising to me at all that someone could make good money as an intern in supply chain management at a large, competitive company.
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