Being a startup when you first think of expanding your team, I am sure, people suggest you to look nowhere else but to colleges that are flooded with students, who are willing to sweat in companies for months in return of an experience certificate appreciating your hard work and dedication toward the job. The internship program is designed for students to get hands-on experience of corporate culture and office environment, which is useful for them while serving to their first employer.
However, over the time, intensified competition in job and manpower retention has forced companies to execute their entry-level tasks through interns. This creates a Win-Win situation for both a company and a hired intern, while companies’ escape from tens of joining formalities, heavy pay packets and many other perks generally offered to full-time employees, interns get an easy entry to companies and learn corporate culture parallel to their studies.
But the trend has changed off late as getting right candidate as intern is slowly becoming challenging for companies after the emergence of social media and startup culture. Interns are enjoying a decree of flexibility and openness in their job at startups unlike big guns of the industry where they are generally fixed to company’s policies and rulebook.
As more and more students are preferring 6 to 8 months of long internship now a days, most of the companies have startup compensating them with high value stipend, as high as $7,000, and loads of free perks. In many cases interns at well-established companies are pocketing much high remuneration than full-time employees.
Tech industry is the most favorite among interns; besides so-called cool environment it also pays the best stipend to the interns. Companies like VMware, Facebook, Twitter, Microsoft are few ones where interns are earning more than $6,000 per month and
Glassdoor has released its latest list of “25 Highest Paying Companies For Interns 2014”. Surprising 19 out of all these 25 companies belongs to I.T. industry and comparatively smaller companies like LinkedIn, Twitter, ExxonMobil offer higher than industry’s big guns like Microsoft, Google and Apple.
But payout is not the prime criteria interns are looking while joining these companies. As Glassdoor also record independent reviews from interns of their employers, here is what some interns had to say about offered compensation at these companies:
“You will ship code used in production, you can have a say in virtually all company decisions, you will be generously compensated, you will learn a ton.” – Twitter Software Engineering Intern (New York, NY)
“Work is motivated by a real mission. Very few people are there just for money.” – Palantir Support Engineer Intern (Palo Alto, CA)
Here the list of top 25 companies interns may die to work at such lucrative stipend: