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Internship Salary by Industry: How Much Can You Expect to Earn in Field?

When it comes to internships, one of the most common questions is about pay. While some internships are unpaid, many companies offer compensation for their interns. In this article, we’ll take a look at internship salary by industry and explore how much you can expect to earn in different fields.

Technology and Engineering

The technology and engineering industries are known for offering some of the highest-paid internships. Companies like Google, Microsoft, and Facebook offer internships with salaries that can reach up to $9,000 per month. The specialized step intern google salary, for example, has an average monthly of around $9k.

Business and Finance

Internships in the business and finance industries can also offer competitive pay. Investment banks like Goldman Sachs and J.P. Morgan Chase offer internships with salaries that can range from $2,500 to $5,000 per month, depending on the program and location. Consulting firms like McKinsey and Company and Bain and Company also offer internships with salaries that can range from $3,500 to $5,000 per month.

Media and Communications

Internships in the media and communications industries can be highly competitive, but salaries can vary widely. Large media companies like NBC and CBS offer internships with salaries that can range from $2,000 to $3,000 per month. Smaller companies and startups may offer lower salaries or even unpaid internships.

Healthcare and Science

Internships in the healthcare and science industries can also offer competitive pay, particularly for research and development positions. Pharmaceutical companies like Pfizer and Johnson & Johnson offer internships with salaries that can range from $2,500 to $4,000 per month.

Arts and Non-Profit

Internships in the arts and non-profit sectors can be more variable in terms of pay. While some organizations offer paid internships, many rely on unpaid or stipend-based positions. In some cases, interns may receive other forms of compensation, such as college credit or networking opportunities.

FAQ

What is the salary during internship?

The salary during an internship can vary depending on the company, industry, and location. Some internships are unpaid, while others offer compensation in the form of hourly pay, stipends, or salaries. Paid internships can range from a few hundred dollars per month to several thousand dollars per month, depending on the organization and the field.

How much do most internships pay?

The amount most internships pay can vary depending on the industry and the organization. According to a survey by the National Association of Colleges and Employers, the average hourly wage for an intern in the United States is $19.46. However, this number can vary widely depending on the industry and location. For example, internships in the technology and engineering industries tend to pay higher wages than internships in the non-profit or creative fields. Additionally, internships in major cities may offer higher pay to account for the higher cost of living. It’s important to research different opportunities and to consider your own financial needs and career goals when applying for internships.

Conclusion

Overall, internship salaries can vary widely depending on the industry, program, and location. While some internships offer highly competitive pay, others may be unpaid or offer only modest compensation. It’s important to research different opportunities and to consider your own financial needs and career goals when applying for internships. The specialized Summer Trainee Engineering Program (STEP) internship at Google, for example, has an average monthly pay of around $9,000, making it one of the highest-paying internships available in the technology and engineering industries.

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