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Ask HN: What is the going hourly rate for co-op/interns these days?
At my company we are paying $25/hr + overtime (in Cambridge, MA), but lately I'm hearing a lot of students asking for $35-40/hr and wondering if that's a more standard rate nowadays.
How much do you pay at startups big and small?
UPDATED: my location
- caw 14y agoCan you update with a location? I think that matters a lot. In Georgia, my friends and I were getting from $16-$25 an hour. My first internship paid only $14 an hour, but I got a 401k match of 3%, health insurance (if I wanted it), bereavement leave, paid vacation and holidays. My co-op paid more but didn't have any of those perks.
- et5000 14y agoLocation updated: Cambridge, MA
- benmanns 14y agoIn Lynchburg, VA (it's no San Francisco), my peers think that around $20/hour is a good rate for an internship at a fairly large insurance company. Some smaller businesses and non-profits pay around $10/hour. I've got a lot more experience and some business sense, so I charge significantly more.
- drharris 14y agoMy co-op 10 years ago in GA paid $12/hr. Now, in SC (upstate, suburb), we pay between $22-26 for an engineering position depending on the longevity of employment. I think $35 is probably way too much for what value you will get; some experienced professionals will take that pay. If you're in NYC... maybe it's a bit more reasonable.
- logn 14y agoWhen I co-op'd in college in a medium-sized city I got $12-13/hr. My recent job paid interns $15/hr plus housing allowance.
- zengr 14y agoMaybe students asking for $35-40/hr because big companies like eBay (in the bay area) pays ~$45-50/hr to interns and students are looking for that kind of money.
- achompas 14y agoThe market in NYC pays $4-5k/month for interns, from what I've seen and heard. That's just a bit below the $35-40/hour number you list above. It's arguably justified, since companies expect interns to ship production-level code, but that's another conversation!
- hoka 14y agoI've seen Austin, TX companies offer between 19 and 23 depending on your academic standing. I've also seen 22 in Cambridge.
- aliukani 14y agoMy school (Northeastern University CCIS) has a list of suggested salaries: http://www.ccs.neu.edu/co-op/employers/index.html#salaries http://www.ccs.neu.edu/co-op/employers/index.html#salaries Average CCIS Co-op Salaries Student Level Average Midpoint Average top 25% Undergraduate First Co-op $20.00 $19.00 $28.00 Undergraduate Second Co-op $22.00 $22.00 $29.00 Undergraduate Third Co-op $23.50 $23.00 $30.00 Graduate Co-op $28.00 $28.50 $34.00