Top Software Engineering Internships Pay

Key Takeaways

are you curious which companies offer the highest compensation for interns well then you're in the right place today we're diving into the high paying engineering internships and breaking down which companies pay the most you might be surprised to see that some interns can make more than their tuition over the few months of Summer now we're going to be comparing the highest paying internships across all companies compared to big Tech and startups and we'll finish with a look at how remote internships compare if that sounds good hit that like button and let's dive in before we get into the numbers though let's first talk about why internships matter so much I am going to be using numbers from levels that FYI as usual and when you get to their website the first thing you'll see is this quote internships are the shortest path to full-time job and I definitely agree with this sentiment for those of you who are new here I'm Jean a retired software engineering manager from WhatsApp and meta and I started recruiting interns back in 2012 when I was working at WhatsApp as a software engineer and as the only EXP bang software engineering manager on YouTube I'm here to share the behind the scenes detail about how big Tech hiring works the salaries and Insider tips that you won't hear from anywhere else now something not many people may be familiar with is that big tech companies do actually aim to convert as many interns as possible to full-time roles and that's because internships allow them to assess talent in a practical Hands-On environment and is the best indicator of great talent and I've already already extensively talked about internships in my previous videos so feel free to go check that out later but let's get into the good stuff let's talk about the salaries I'll share the top five highest paying software engineering interns from this past summer using data from levels at FYI so that we have the most upto-date comprehensive numbers feel free to check out the site for the most up-to-date numbers but these pay ranges typically won't fluctuate too much year to year first let's start with the overall highest pay across all types of compan ianes de Shaw comes in at number five paying $127 an hour plus housing this intern had a PhD and worked as a quantitative researcher number four is Sig offering $136 an hour this intern also had a PhD plus corporate housing company provided Transportation relocation benefit and a sign on bonus of $27,500 a quick note here about relocation packages this can include anything from moving cost flights shipping of your items and even extra perks like unpacking Services I know this because when I had to relocate to London to Kickstart a new engineering office for WhatsApp I got a similar package now back to the salary number three is five rings paying $144 per hour plus a $10,000 sign on bonus number two is aost Street Capital in Boston paying $144 an hour and this intern was an undergrad Junior and finally number one goes to radex trading in Chicago with an hourly rate of $160 plus corporate housing and $25,000 of sign on bonus so let's take a look at this what is the total pay this intern received over the summer if we do a quick Mass you'll see with the reported monthly pay of $ 27,7 33 if they worked the full 3 months through the summer the total would be $83,900 the total earning comes to $8,155 pay scale here Finance Company usually offer the highest salaries not just for interns but also for full-time Junior roles but Quant roles do usually require Advanced degrees and specialized skills and are in high demand which drives up the compensation for junior roles in finance next up we have the Fang plus companies essentially these are the big Tech Giants number five is Roblox in Sano offering $64 an hour for undergraduate interns this green Mark shows that the salary information was verified using an official offer letter so we know that is accurate so on top of the $64 an hour this person also got $10,000 for housing plus free meals and even a $300 for headphon stifen number four is Facebook in New York City paying $65 an hour this intern also got $3,900 in housing and relocation benefit number three is Uber in San Francisco paying $67 an hour and this is the only intern in the Fang category with a PhD the housing benefit included 1,700 per month number two is snap in Santa Monica California also paying $67 an hour the cool thing here is that this intern was a sophomore so yes you can start earning even early in your college years I've talked about finding internship opportunities for freshman and sophomore in my previous video so go check that out if you're interested now number one goes to Amazon in New York City there were several records for Amazon's summer internships and the highest hourly rate recorded was $896 and this one was reported from an undergrad Junior intern now let's talk about startups finance and big tech companies do tend to offer higher pay but some startups are catching up and they may offer more learning potential flexibility and a chance to work on Cutting Edge Innovation plus you will have more influence and a closer connection and relationship with the early Engineers working at the startup so here is number five benchling which is a life sciences R&D company paying $60 per hour plus $22,000 in housing and a bunch of perks like free meals and wellness stipended number four is andral on American defense tech company they also pay 60 an hour plus benefits including housing and transportation but there are also a total of 11 companies including figma reddits stripe all paying $60 an hour making this a common rate for many startups number three is Twitch paying slightly higher at $60.65 cents an hour this person was also an undergraduate Junior similar to most of the other roles in this pay band twitch also provided $2,600 per month in housing in San Francisco number two is Shield AI in San Diego but I do want to actually count this one as a top pay for startup because number one was Keno which is Tech technically a subsidiary company of an S&P Global which is a finance company so I don't think it really counts as a startup even though the top pay was $70 an hour so back to Shield AI they offered $67 an hour not a bad gig for a startup finally let's look at some of the top remote engineering internships I think you would be happy to learn that remote roles are very competitive in this category and remote internships are great because it can open doors to great opportunities for students who are not in major Tech clubs and you can get the experience without needing to relocate so here are the highest paying ones number five is Pinterest offering $52 an hour and the fun fact is that they're one of the few big tech companies that are still allowing fully remote work number four is lace work they provide endtoend Cloud security automation offering $55 per hour for junior undergraduate intern number three is whatnot it is a Community Marketplace startup offering 58 $8 per hour plus $150 per month as a work from home stien number two is Headway they help Founders and startups go from zero to launch and they offered $64 an hour and a sign on bonus of $10,000 which is pretty competitive even compared to the top Finance salaries and finally number one was of course another Finance Company trade web paying $75 an hour proving once again that finance companies lead the way even remotely and there you have it the top salaries for interns now if you want to learn how you can land one of these lucrative internships check out this video the tips might surprise you otherwise YouTube thinks you should watch this one next I'll see you there