Show an ad over header. AMP

I am the FIRST

NVIDIA tops highest paying internships list

In the past year as the pandemic raged on, some of the world's most valuable companies continued to grow and compensate their workers well above national medians – interns included.

Driving the news: Workplace review platform Glassdoor published its 2021 report todayon the 25 highest paying U.S. internships.

  • Tech companies once again dominated the list, taking up 16 spots.
  • Banks made the list six times and energy companies show up twice.

Why it matters: Internships offer companies a wide recruiting pool to fill full-time hiring pipelines — and in tech, the need for fresh talent is so acute that companies often have to outspend one another to be competitive.

Topping Glassdoor's list this year in median monthly pay:

  • NVIDIA, $8,811 ($105,732 yearly)
  • Facebook, $8,023
  • LinkedIn, $8,009
  • Amazon, $7,954
  • Salesforce, $7,710
  • Rounding out the top 10 are Capital One, Microsoft, Uber, Google, and ExxonMobil.

For context: Top internship pay growth is outpacing growth of national median income and earnings by a significant margin.

  • Median household incomes in the U.S. grew 6.8% to $68,703 in 2019, while median earnings for workers 15 and older grew 1.4% to $41,537.
  • The top median monthly pay for interns grew 10% from 2019. (Glassdoor publishes this list every other year, and Facebook topped the previous list at $8,000.)

Worthy of note: NVIDIA ranked second on Glassdoor's top paying companies in 2019.

  • Tesla shows up on this year's highest paying internship list at 24 with a median monthly pay of $5,348 and is flagged as going through a hiring surge right now.
  • The spread between the top spot on this year's list versus the 25th spot, occupied by Cisco Systems, is $3,463 or $41,552 on a yearly basis.
  • Many Big Tech internships went virtual last year amid the pandemic shutdowns.

Yes, but: While these numbers may be enviable, some 40% of internships at for-profit companies are unpaid because many employers still view summer internships as a "rite of passage."

regular 4 post ff

infinite scroll 4 pff

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

Keep reading... Show less

Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

Keep reading... Show less



Get Goodhumans in your inbox

Most Read

More Stories