Business

You won't believe how much these Silicon Valley interns are earning (in 2 charts)

The-Intership
Gaming execs: Join 180 select leaders from King, Glu, Rovio, Unity, Facebook, and more to plan your path to global domination in 2015. GamesBeat Summit is invite-only -- apply here. Ticket prices increase on March 6 Pacific!

Silicon Valley’s greenhorn high school interns are raking in a lot more dough than the average American, Businessweek reported yesterday.

The average intern salary of big data monolith, Palantir, is $7,012/month, or almost double San Francisco’s per capita income ($3,939, measured in 2012 dollars). Starved for top talent, tech giants are recruiting the nation’s top young minds — not just with dollars but also with personal meetings with their celebrity CEOs.

“When I got the e-mail saying — oh my God — Mark Zuckerberg wants to meet you, I had to make sure nobody was playing a prank on me,” one young coder told Businessweek.

The chart below shows how Silicon Valley’s top monthly intern salaries compare to each other, to the average San Francisco internship payout, and to a traditional retail internship.

(Note: the numbers are based on GlassDoor data, while retailer Nordstrom’s hourly wage is an estimate, converted to a monthly salary based on a 40-hour work week.)

Interestingly enough, Silicon Valley isn’t a treasure trove for everyone. The industry’s meritocratic tendencies also extend to intern pay: The highest Facebook intern makes seven times as much as the lowest. That’s nearly twice the inequality of the average San Francisco internship, and four times the inequality of retail internships.

So, Bay Area parents, get those kids coding early — it may be the only path that doesn’t land them back in your basement after college.


VentureBeat is studying social media marketing tools. Chime in, and we’ll share the data with you.