Some Facebook Interns Earn Nearly $7,000 A Month

facebook interns pay This summer, many college students and new graduates are slugging through unpaid internships, borrowing money from mom and dad, working part-time jobs, and questioning their existential worth. There are also some college students and new graduates doing their internships at Facebook, and taking home close to $7,000 a month.

The average monthly wage for a software-engineer intern at Facebook is $6,225, according to Glassdoor.com and reported by Business Insider. But some are taking home as much as $6,883. If they kept those internships for a full 12 months, they'd have an annual income of $82,600 -- almost four times the median annual earnings of working Americans over the age of 18. One anonymous intern claimed to be taking home $8,000 a month, plus a tuition subsidy for college.

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According to Quora.com, Facebook interns get a monthly baseline salary of $4,600, plus $400 multiplied by the number of college years they've completed. That means interns at Facebook who've finished their sophomore year are officially better compensated than summer analyst interns at Goldman Sachs, who take home $4,636 a month, according to Glassdoor.com.

Interns at the world's second most popular website (after Google) also get to enjoy all the killer perks of Facebook's Menlo Park, Calif., offices, like laundry service, photo processing, leather repair, and free breakfast, lunch, and dinner prepared by artisan chefs. They also receive an iPhone, a laptop and gym access, according to Facebook spokesperson Slater Tow.

But Facebook isn't alone in hyper-compensating its summer student labor. The average software engineer intern at Google in San Jose, Calif., receives $7,000 a month. Every four weeks, Twitter's software engineer interns take home $6,539. Engineer and development interns at IBM, LinkedIn, Oracle, Apple, Amazon, Zynga, Microsoft, and Yahoo all earn upward of $4,000 monthly.

It seems that the war for engineering talent in Silicon Valley is being waged at the most basic level, as tech companies try to bring the hottest talent into the fold before they even graduate. Get 'em young, as they say.

And young minds are often the ripest in Silicon Valley. Mark Zuckerberg founded Facebook when he was 20, the same age as Bill Gates when he created Microsoft. Larry Page and Sergey Brin were 25 when they started Google. Michael Dell conceived what became one of the largest technological corporations in the world when he was a tender 19.

If Facebook interns do go on to take a job with the company after college, and reach the level of senior software engineers, they can plan for a sweet yearly salary of $132,500, reports the Daily Mail. That's slightly more than business development managers at the company, who average $115,000.

But if you want to make the real money in Silicon Valley, you've got to start a company yourself. Zuckerberg may have lost $5 billion in personal wealth as Facebook's public offering has floundered, but he still has a net worth of $14.4 billion. He could pay interns $7,000 a month for a summer with his own cash, and still hire 685,714 of them.




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Claire Gordon

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Claire Gordon has contributed to Slate's DoubleX, the Huffington Post, and the book Prisons: Current Controversies. While an undergraduate at Yale University and a research fellow at Yale graduate school, she spoke on panels at Yale and Cornell, and reported from Cairo, Tokyo, and Berlin.

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Don E. Wagner

That's REDICULOUS!!!

June 07 2012 at 4:10 PM Report abuse rate up rate down Reply
dontcalld

the type of false industry america is now based on

June 07 2012 at 3:25 PM Report abuse rate up rate down Reply
normandyv

Oh, is Facebook still around?

June 07 2012 at 3:20 PM Report abuse rate up rate down Reply
matresman

F them! Give some of that $ back to the stock purchasers!!

June 07 2012 at 3:00 PM Report abuse rate up rate down Reply
Ronald Malozi

Facebook is a bunch of hype. No real value there.

June 07 2012 at 2:59 PM Report abuse rate up rate down Reply
pumptowaste

i dont think zuckerberg knows how to manage his money all that well. basicaly i dont think facebook will exist in another ten years as anything more than a nostalgia

June 07 2012 at 2:40 PM Report abuse rate up rate down Reply
Peach

That's actually INSANE... so many people are out of work and would do (almost) anything to make $10.00 an hour.

Just because I don't know computer programming, can't afford to GO to college... why should I be punished and have to live in my car when my unemployment runs out?

Something is seriously wrong with our "corporate" America!

June 07 2012 at 2:30 PM Report abuse rate up rate down Reply
2 replies to Peach's comment
Swordfish

You are a LOSER! Get a job Liberal. Better yet why don't you produce a product or service to serve your fellow mankind. Did I say loser?

June 07 2012 at 3:44 PM Report abuse rate up rate down Reply
baileygc23

Perish the thought that your unemployment should run out. Surely you won't do anything as desperate as getting a job and supporting people like you.

June 07 2012 at 3:44 PM Report abuse rate up rate down Reply
victorzeller

Facebook isn't even a real company. They don't make anything and serve NO useful purpose in the world.

June 07 2012 at 1:28 PM Report abuse +1 rate up rate down Reply
3 replies to victorzeller's comment
clembarry

Don't underestimate Mark Zuckerberg. He is a very savvy entrepreneur. He is street smart - he understands main street and wall street very well.

June 07 2012 at 1:28 PM Report abuse -1 rate up rate down Reply
1 reply to clembarry's comment
speedking8899

He's just a mindless adolescent and the brain dead who spend time on that sight are just limited life experienced beings.

June 07 2012 at 2:25 PM Report abuse rate up rate down Reply
Retool

Kudos to facebook!! They are paying a family wage in todays world!!! They "WILL" get the very best of the crop of employees!!! Maybe other corps. will be satisfied with second, third , fourth or fifth best!!! I'm just sayin'!!!

June 07 2012 at 1:27 PM Report abuse rate up rate down Reply

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