If you’ve ever wondered how much an intern at Facebook makes on average per month, look no further, as the social media giant pays its interns well over what the average American makes per month.
Facebook earned first place on last year’s internship ranking from job site Glassdoor.
And it’s no wonder the company’s program earned that bragging right as interns flock to its Menlo Park headquarters every summer.
Glassdoor lists salaries for interns between $6,400 and $7,500 a month, which is significantly higher than what the average American makes at roughly $3,800, according to Business Insider.
Facebook interns (pictured) make between $6,400 and $7,500 a month, which is significantly higher than what the average American makes at roughly $3,800 per month
A recent survey cited by Bloomberg, showed wages for interns at $8,000.
That equates to $96,000 annually.
The Social Security Administration found that the national average wage index was $46,481.52 by the end of 2014.
In just three months over the summer, Facebook interns could make around $22,500; whereas, it would take an ordinary worker six months to hit $22,800.
Not only does the company pay its interns big bucks, Facebook also gives them lots of perks such as rent-free apartments and all-expense-paid trips.
The interns also get free food for breakfast, lunch, and dinner on Facebook’s campus, theater performances, Alcatraz tours and scavenger hunts, according to Business Insider.
Pinterest and Facebook were the companies with the highest paid interns, according to a survey released in April. Pictured is Facebook intern Janelle McGregory
Pinterest and Facebook were the companies with the highest paid interns, according to a survey released in April. Pictured is Facebook intern Janelle McGregory
Not only does the company pay its interns big bucks, Facebook also gives them lots of perks such as rent-free apartments, all-expense-paid trips and not to mention cool Facebook gear (pictured)
Not only does the company pay its interns big bucks, Facebook also gives them lots of perks such as rent-free apartments, all-expense-paid trips and not to mention cool Facebook gear (pictured)
Janelle McGregory, an English and literature major at Spelman College in Atlanta, told the Insider that she applied on a whim to Facebook’s FB University for Business program in 2015 after a recruiter visited her school.
She said: ‘We’re not just here to do grunt work,’ she says. ‘[Facebook] allows us to really head our own projects, they really listen to what we have to say. They take our opinions seriously.’
TOP 10 SILICON VALLEY MONTHLY INTERN SALARY ESTIMATES
Pinterest: $9,000
Facebook: $8,000
VMware: $7,500
LinkedIn: $7,500
Yelp: $7,200-$7,400
Twitch: $7,200
Uber: $7,200
Microsoft: $7,200
Google: $6,100 – $6,700
Twitter: $6,000 – $7,000
Source: Rodney Folz
A report that came out in April regarding internship pay showed that the median internship offer for an engineering-focused summer intern is about $6,800 a month.
Rodney Folz, a UC Berkeley student compiled a list of the top paid internships in Silicon Valley.
Pinterest and Facebook were the companies with the highest paid interns, according to the survey.
Pinterest reportedly pays their interns $9,000 a month for a summer of work, in addition to $1,000 for relocation and another $3,000 stipend for housing.
Hyla Wallis, who runs the intern program, told the Insider that interns are assigned to every team and there’s no project off limits.
Interns, like regular employees, are also given the same access to internal resources and information.
Wallis says that Facebook always hopes to make as many full-time offers as possible after an intern cycle.
Facebook also uses its intern program as a way to train managers and every intern is assigned a full-time employee who works with them throughout their projects.
‘We’re really investing in the future of management,’ Wallis told the Insider.
As of July, Facebook said it had 14,500 employees around the world.