12 Highest Paying Internships of All Times

The highest paying internships are those that offer an unparalleled opportunity to gain not only valuable experience but generous financial compensation. They provide an extraordinary opportunity for students to gain real-world work ideas and make valuable connections that can last a lifetime. These high paying internships are found in different spheres of discipline, ranging from tech to financial institutions, not to leave out engineering, health care, and business. These programs open the door to lucrative career paths if you participate well in them. Though unarguably competitive, it is a great way to jump-start a successful career.

So, whether you are looking for an opportunity to gain real-world knowledge in your field or even supplement your income, these internships can be a great starting point. Here, we will explore some of the highest paying internships available this year and discuss their salaries. With the right combination of hard work and dedication, interns can take advantage of these amazing opportunities to propel their careers forward.

Factors that determine that an internship is among the highest paying ones

The best way to determine if an internship is among the highest paying programs is to do some research and make comparisons in the field. Aside from looking at job postings from companies in the same industry and industry-specific resources, which is a brilliant thing to do, you must read reviews from other former interns and employees of your target companies. Now, there are other factors you must pay attention to.

• Internship location: Geographical areas play a significant role in the quality of internship programs. Though these big companies host internships in rural areas, their features may not equal those held at their headquarters. So, internships in big cities of well-developed countries tend to pay higher salaries than internships in smaller cities and rural areas.
• Industry: Some industries pay higher salaries than those of other industries. However, the highest paying internships at the industry level may be determined by the time of founding and the extent of company exposure. Internships with larger companies, such as multinational corporations, may offer higher salaries than internships with smaller companies.
• Internship work window: Most times, full-time internships generally pay higher salaries than part-time internships. This is because full-time internship programs require interns to focus and give all their time to the program. Hence, a competitive salary for their time.
• Qualifications: Internships that require specialized skills and knowledge may pay higher salaries than internships that require only basic qualifications. Therefore, when you come across internships demanding high and specific requirements, rest assured, they come with a fat salary.
• Experience: Internships that require more experience in specific fields will come with higher salaries than internships that require less or no experience. So, endeavor to list your experience on your resume.
• Internship duration: Longer internships that last months and a year have a better chance of paying higher salaries than shorter internships.

Top highest paying internship programs in 2023

After conducting in-depth research on companies that pays the most in 2023 and with the help of Glassdoor Economic Research, we have compiled a list of companies to help you make more informed internship decisions.

Accenture internships

Accenture Plc is an Irish-American global professional services company that provides various services and solutions in strategy, consulting, digital, technology, and operations. It has its headquarters in Dublin, Ireland, and was founded in 1989. The company operates in more than 200 cities in 54 countries, with more than 459,000 people serving clients in over 120 countries.

Accenture Plc helps organizations maximize performance and create sustainable value for their stakeholders. The company operates in four groups: Strategy & Consulting, Media & Technology, Digital Marketing, and Operations. Furthermore, Accenture Plc hosts internship programs in various countries with well-balanced payments. The company generally has a track record of offering programs that leave interns satisfied and comfortable.

Average internship salary

This company’s annual salary for interns is $60,000, meaning interns make $5,000 monthly until the end of their program.

Amazon internships

Amazon.com Inc. is a technology company based in Seattle, Washington, United States. The company mainly focuses on e-commerce, computing, cloud, digital streaming, and artificial intelligence. Jeff Bezos founded Amazon in 1994, and the company initially focused on online book sales. Over time, it expanded to offer various products and services. Amazon is now the world’s largest e-commerce marketplace, accounting for over 50% of all e-commerce sales in the United States.

It also operates a variety of other businesses, including Amazon Web Services, Amazon Prime, Amazon Alexa, and Amazon Studios. Amazon is among the most successful companies in the world and has multiplied in the last decade. It has a net income of over $2.72 billion and is one of the most valuable companies in the world.

Average internship salary

Amazon pays its interns $73,066 in a year, and when you break it down, it becomes $6,083 monthly.

Apple internships

Apple Inc. is also a multinational technology company with its headquarters in Cupertino, California, United States. It is a company that develops and sells consumer electronics, computer software, and online services. It is the most prominent tech company and the world’s biggest company in revenue and market capitalization.

Average internship salary

Apple pays interns according to their internship location. However, the average amount interns make at the Cupertino location is $67,000 yearly.

Deloitte internships

Deloitte Touche Tohmatsu Limited, popularly known as just Deloitte, is a global professional services network established in 1845. It has offices in more than 150 countries worldwide and provides Audit, Consulting, Financial Advisory, Risk Management, Tax, and related services to selected clients. More so, Deloitte is among the big four accounting firms alongside PricewaterhouseCoopers, Ernst & Young, and KPMG.

Average internship salary

Deloitte hosts internships in different arms of the company, which may affect the intern’s salary. That notwithstanding, an intern at Deloitte gets an average salary of $50,000-70,000 per year.

Facebook internship

Facebook Inc, now known as Meta Platforms, is a global technology company founded in 2004 by Mark Zuckerberg and his college roommates. It is headquartered in Menlo Park, California, United States, and is the world’s largest social network, with over two billion users.

The company’s mission is to empower people and help build a community that can bring the world closer. Its product platforms are designed to help develop a virtual reality for socializing and sales. So, these products by Facebook include the photo-sharing platform Instagram, the messaging app WhatsApp and Messenger, and the video-sharing platform Workplace, amongst others.

Average internship salary

The internship’s location determines the internship salary of a Facebook intern. However, the average salary is $8,244 per month.

Google internships

Google LLC is a technology company that specializes in Internet-related services and products. The company was established in 1998 by Larry Page and Sergey Brin during their Ph.D. at Stanford University in California. Now, they own about 14 percent of their shares and control about 56 percent of the stockholder voting power through supervoting stock.

The most powerful company in the world, as it’s popularly called, provides various tech and internet services like Artificial intelligence, online advertising technologies, search engine technology, cloud computing, software, and hardware technologies. It also offers services designed for work and productivity, like, Google Docs, Sheets, Slides, email (Gmail/Inbox), scheduling, and time management (Google Calendar).

Average internship salary

The average salary a Google intern makes is $6,419 per month.

Goldman Sachs internships

Goldman Sachs Group, Inc. is a leading American multinational investment bank and financial services company. The group was founded in 1869 by Marcus Goldman and Samuel Sachs and was headquartered in New York City, New York, United States. It is a primary dealer in the United States Treasury security market and, more broadly, a prominent market maker. Moreover, Goldman Sachs is one of the largest investment banks in the world, with offices in major financial centers around the globe.

Average internship salary

Interns at Goldman Sachs receive an average salary of $93,938 per year.

JP Morgan Chase internships

JPMorgan Chase & Co. is a multinational investment bank and financial services company. It was established in 2000 when Chase Manhattan Corporation merged with J.P. Morgan & Co. and has its headquarters in New York City. The company is one of the Big Four banks in the United States, along with Bank of America, Citigroup, and Wells Fargo. It is also one of the largest banks in the world, with total assets of $3.66 trillion and total equity of $300 billion as of 2020.

Average internship salary

Interns earn an average of $4,688 per month.

KPMG internships

KPMG is a professional services company and one of the Big Four auditors. Established in 1987, it provides audit, tax, and advisory services. KPMG is headquartered in Amsterdam, Netherlands, and is in 154 countries. It has over 200,000 employees and generates revenue of $34.64 billion.

Average internship salary

KPMG interns earn $62,381 per year.

Microsoft internships

Microsoft Corporation is a multinational technology company established in 1975 in New Mexico by Bill Gates and Paul Allen. The company moved its headquarters to Washington, United States. This company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best-known software products are:

• The Microsoft Windows operating system.
• The Microsoft Office suite.
• Internet Explorer and Edge web browsers.

Average internship salary

Microsoft interns earn $67,880 per year.

NASA Internships

NASA, an acronym for the National Aeronautics and Space Administration, is an independent American agency responsible for developing and operating civilian space programs, aeronautics, and aerospace research. The organization was established in 1958, with its headquarters in Washington, D.C., United States.

Meanwhile, its mission is to pioneer the future in space exploration, scientific discovery, and aeronautics research. It is the most recognized space agency in the world and has been responsible for launching many of the most iconic space missions and satellites.

Average internship salary

NASA pays its intern $5,854 per month.

Tesla Internships

Tesla Inc is an electric vehicle and clean energy company founded in 2003 by entrepreneurs Martin Eberhard and Marc Tarpenning and is currently run by Elon Musk as the CEO. The company has its headquarters on Tesla Road, Austin, Texas, United States. Tesla manufactures electric cars, Artificial Intelligence, and solar energy systems offering energy storage solutions.

Average internship Salary

Tesla interns earn $5,307 per month.

Conclusion

To wrap up this article, the big companies that fall into the category of highest-paying internship program hosts also seek out interns demonstrating outstanding knowledge and skills. Ensure you have what it takes before applying for the programs.