How Much Money Do Interns Earn at Google, Facebook, and Other Major Tech Firms?

Introduction

The financial rewards for interns at some of the world's largest technology companies can be quite significant. This article provides a comprehensive overview of the compensation received by interns at major firms such as Google, Facebook (now known as Meta), Rubrik, Microsoft, Amazon, and Nutanix. We'll also discuss the benefits included in these packages and the reasons behind the high salaries.

Overview of Intern Compensation

Intern compensation varies significantly based on the company, location, and the level of experience of the individual. According to recent data as of August 2023, the following is a general breakdown:

Rubrik

Interns typically earn between 30 to 50 per hour depending on the role and location. Some full-time internships offer a monthly stipend or a salary equivalent to annualized pay.

Google

Google is renowned for its generous intern compensation packages. Salaries for intern roles generally range from 7000 to 10000 per month. Software engineering interns often receive the highest salaries within this range.

Facebook (now Meta)

Facebook's internship pay is competitive, similar to Google, with intern salaries typically ranging from 7000 to 10000 per month, with variations based on the specific role and location.

Other Big Tech Companies

Microsoft: Interns can expect to earn around 80K per month. Amazon: Amazon offers a similar salary range of 80K per month. Goldman Sachs (GS): Interns at Goldman Sachs can expect to earn 1 lakh (approximately 80000 INR) per month. Nutanix: Nutanix provides an internship salary of 90K per month.

Personal Experience

A personal anecdote from someone who did an internship at Google in the USA provides a relatable glimpse into the experience. The author mentions that Google interns can earn up to 98000 INR per month, whereas Rubrik offers 165000 INR per month.

The author states, Google interns get paid more than most full-time employees across the country. Salary ranging from 5000 to 6000 per month or you can say roughly 60000 per year. My pay was slightly more at about 6100 per month or 80000 per year. Take into account all of the perks including free rent, transportation, gym membership, and food, and a Google intern is living large.

Survey and Intern Compensation

A survey conducted by Jesse Collins, a senior at Purdue University and a former Yelp intern, sheds light on the average intern compensation. Collins posted the survey in various online programmer-focused groups and received responses from nearly 600 people.

On average, respondents who received internship offers from major tech firms like Facebook, Twitter, Yelp, and Goldman Sachs in 2017 expected to earn 6500 per month, equivalent to 78000 per year. Many respondents mentioned receiving monthly stipends of around 1000 for housing and travel, or signing bonuses.

The results show that interns at tech companies earn substantially more on an annualized basis compared to workers in most occupations.

Conclusion

The high compensation for internships at major tech companies reflects the industry's value placed on talent and training. These programs not only offer financial benefits but also provide valuable networking opportunities and hands-on experience that can significantly boost one's career.