Reports in June have been claiming that Facebook, the social media giant, has software engineering interns who are on target to earn an average monthly salary of $6,225, according to Glassdoor.com, a website that provides reviews on companies from current and former employees. Their monthly salary comes out to a annual income of $74,700.
Furthermore, details from some unnamed Facebook interns, put one sophomore student stating they were offered a monthly figure of $5,400 and a $1,000 housing expense allowance. Another computer science graduate student said they got $6,800 a month with a $1,000 housing stipend, negotiated up from $6,600. Based on more data from Glassdoor, Facebook software engineers earn an average annual salary of $111,452.
With software engineers to the key to so many hot start-ups in Silicon Valley, it’s no wonder Facebook and other tech firms are paying top dollar for talent – and aiming to get them before they’ve even gotten their degrees.
So how do interns at the social-networking company measure up in comparison to the same position at other tech firms? In a report from May 2012, GlassDoor lists intern salaries at 20 top-rated companies (rated by current and former interns). The data below is the average monthly salary:
Research intern, Microsoft: $6,746
Software engineering intern, Google: $6,463
Software development engineer intern, Amazon: $5,552
Software development engineer intern, Microsoft: $5,539
Graduate technical intern, Intel: $5,681
Intern, Cisco: $4,017
Intern, IBM: $3,935
It appears conclusive that if you are majoring in computer science it is a very wise choice.