Do you get paid as an intern

Do You Get Paid As An Intern?

Unpaid internships are more common than paid internships. So, if you’re searching online for an intern job, you’ll find many unpaid internship opportunities, which is a good option if you want to receive academic credits. But the question is, “Do you get paid as an intern?”

You can only receive financial compensation if you’re on a paid internship. That means you won’t get salaries for participating in an unpaid internship program but may enjoy a stipend or reimbursement for your transportation and meals, depending on your employer.

Read on to learn more about getting paid as an intern!

About Paid Internships

Paid internships are temporary employment opportunities for students and recent graduates that come with financial compensation. They typically require interns to hold a full-time position and receive salaries in return, just like other employees.

Duration of Paid Internships

Paid internship programs vary in duration, from ten weeks to three months. Depending on the intern job, they may also last up to 12 months.

Benefits of Paid Internship Programs

Paid and unpaid internship programs have similar benefits, except for financial rewards. Below are the benefits of paid intern jobs:

  • You will get a monthly salary while receiving on-the-job training in your field. Of course, the training is free of charge.
  • Paid internship programs will also enable you to develop a professional network.
  • You will get the chance to grow your skillset without paying any fee.
  • Paid internships enable students and recent graduates to gather up to a year of relevant working experience.
  • You will become more employable after your internship as you upgrade your resume with new skills and work experience.

Average Salary of Interns with Popular Establishments

The average salary of an intern in the United States is $13 per hour and can range to $30, depending on the employer, geographic location, and job position.

So, if you’re planning to intern in the USA, expect to earn around $2,540 to $4,900 monthly or $54,750 per year.

According to Glassdoor, here are the average salaries of interns in top companies worldwide:

  • Deloitte: Range from $26 to $44 per hour, $54,000 to $93,000 a year
  • EY: Range from $60,000 to $106,000 per year
  • Intel Corporation: Range from $42 to $75 per hour, $83,000 a year
  • Aflac: Range from $20 to $31 per hour, $42,000 a year
  • Amazon: Range from $19 to $26 per hour, $47,000 to $59,000 a year
  • Microsoft: Range from $69,000 to $120,000 a year
  • Apple: Range from $47,000 to $83,000 per year
  • Cisco: Range from $78,000 to $135,000 per year
  • Google: Range from $70,000 to $124,000 a year
  • KPMG: Range from $54,000 to $90,000 a year
  • Accenture: Range from $53,000 to $96,000 a year
  • Salesforce: Range from $33 to $54 per hour, $62,000 to $109,000 a year
  • IBM: Range from $52,000 to $93,000 a year
  • Walt Disney: Range from $37,000 to $64,000 a year
  • Tesla: Range from $41,000 to $70,000 a year
  • Meta: $11,000 to $19,000 per month
  • JPMorgan Chase: Range from $52,000 to $95,000 a year

Conclusion

With the knowledge about how much you’ll likely get paid as an intern, ensure you apply early and prepare for your intern job interview. Doing so will give you a higher chance of landing the job.

Above all, you will get a financial advantage from participating in the internship.

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