3 ms·
That does sound bad, but I would want to know more about the specific situation. For instance, top law firms often pay interns the same salary as a first year
by geebee 8y ago
That does sound bad, but I would want to know more about the specific situation.
For instance, top law firms often pay interns the same salary as a first year associate (prorated for summer months, of course). That can be $180k/yr for some firms. My guess is that you could be a fairly senior paralegal, with arguably more responsibility and a greater impact on the firm, but still earn less than the summer associates. It would seem unfair, though I suppose the answer could be, well, go get admitted to the University of Chicago law school, give up three years salary and spend 200k on tuition, and get high enough grades to be hired into a top law firm, and we'll pay you at the rate of 180k a year.
This situation is starting to emerge in some Silicon Valley companies, where a bi-modal pay system similar to law is emerging. Just as graduates of lower ranked law firms might never earn a salary comparable to a first year associate from an elite school at a top firm, I have noticed that starting salaries for recent grads at Facebook may exceed what veteran programmers elsewhere earn. I wouldn't be terribly surprised to hear that the intern salaries are higher than some other job titles at the company.