What do summer internships pay

Since the responses were anonymous, the accuracy of the answers is potentially questionable. So what about comparing their salaries to someone who has a full-time job in tech? Looking at similar positions, Salary. None of these ranges include bonuses, benefit information and other factors that impact base pay. The interns Folz surveyed also seemed to appreciate how lucky they were: Most passed on negotiating and accepted their salaries right out of the gate.

Join Monster to get personalized articles and job recommendations—and to help recruiters find you. Thank you! You are now a Monster member—and you'll receive more content in your inbox soon. For college students looking for paid internships, more companies are actively recruiting, according to a new report by Glassdoor. Tech companies, in particular, are using internships as a pipeline for hiring and that means offering highly competitive salaries, Stansell said. Glassdoor's report on the highest-paying internships for is based on salary reviews reported by interns between March 1, and Feb.

While scoring one of these opportunities is incredibly competitive, there are many more internships available at other companies, as well, and an increasing number of summer jobs in general.

Even if summer positions don't appear immediately available yet, more job openings will be posted as businesses reopen and employers reevaluate their needs, she said. In general, however, teenagers are less likely to be looking to work, according to a study by the Hamilton Project and Brookings Institution. That's partly because there are more summer academic programs available and more teens completing community service as part of their graduation requirements or to bolster their college applications, in addition to more students taking unpaid internships, which the BLS doesn't count , according to a separate analysis by the Pew Research Center.

The stipend reimburses expenses like food or travel rather than pays for work performed. As mentioned above, paid interns are W-2 employees and are entitled to be paid at least the applicable minimum wage for all hours worked. As indicated above, paid interns must be paid at least the applicable minimum wage for all hours worked and overtime wages, if they work overtime. However, you can always pay them more.

Whether you pay an intern more than the applicable minimum wage will depend on the business reasons for doing so, including the market, what you can afford, and your assessment of the value of the work the intern will be performing. Another reason is that in many major cities, it can be tough to cover living expenses on a lower minimum wage. An intern who continues to work for you full-time after 90 days may become eligible for benefits. In many cases, however, especially for college students who have less time to work after a paid summer internship is over and they have returned to a regular schedule of classes, a continued internship could likely involve less than 30 hours of work per week.

Working fewer hours may render the paid intern ineligible to participate in coverage under a group health and welfare plan. According to U. The extent to which the intern and the employer clearly understand that there is no expectation of compensation. Any promise of compensation, express or implied, suggests that the intern is an employee—and vice versa. The extent to which the internship provides training that would be similar to that which would be given in an educational environment, including the clinical and other hands-on training provided by educational institutions.

The extent to which the intern and the employer understand that the internship is conducted without entitlement to a paid job at the conclusion of the internship. If you want to know about this set of criteria, known as the primary beneficiary test, read our guide on hiring interns, the legal way. Setting up wage payments in Justworks is simple. Looking for hiring and onboarding assistance?

Justworks provides the software and compliance support to make hiring interns, employees, contractors, and vendors easy — remote or not. Learn how we help businesses grow their teams. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.

Sasha is a content producer at Justworks. Monthly tips on running a business in your inbox. Thanks for subscribing! Solutions Solutions. Pricing Pricing. Plans Plans. About About. Resources Resources. Justworks Logo.