6 ms·

I have to say the pay is by no way "spoiling". It is no where near the top tier pay (for interns) seen in the industry.

by covi 13y ago

dangrossman 13y ago
A furnished apartment in NYC probably adds a lot to that salary. The unfortunate part is that the cost of that benefit is also considered income and the taxes for it would come out of the $6K. I interned at Microsoft years ago with similar benefits (good salary, furnished apartment, prepaid rental car, relocation costs & 2 gym memberships) but they paid extra cash to cover the taxes on the non-monetary benefits. There's no way I would've turned down the Fog Creek opportunity back then, though, it sounds like a very well planned program at an awesome company. There were many internships in the Philadelphia area, for developers, that paid half that salary with no perks on top of the pay at all. On the other hand, the interview process at nearly all the companies consisted of sending a resume and sitting down for 30 minutes to talk about past experience. I interviewed at 4-6 companies a year to get my 3 internships, with a ~75% acceptance rate (offered the internship), and not one involved multiple interviews or a single code screen. The west coast interview process just doesn't exist out here.
- jc4p 13y ago
  I lived in the same place they put their interns for a summer, it's decent and costs ~4,000 for the entire summer, which definitely adds to the cost.
- crazypyro 13y ago
  I had the exact same experience with interviews in the Midwest. Nothing rigorous at all, very high offer rate, and about half the compensation. I made a more in-depth comment, but just wanted to note that.
Igglyboo 13y ago
How's the cost of living in new york? I'm an intern in michigan and I'm getting way less than 6k a month but I definitely feel spoiled.
- mh_yam 13y ago
  (Manhattan prices) A good studio apartment will be $2000-2500 a month. A one bedroom would be $3000+.
  - Igglyboo 13y ago
    Wow, yea now I see why they get payed so much. A solid 2 bedroom around me is like 500-800.
    - crazypyro 13y ago
      How much are you making if you don't mind me asking? I just accepted an internship in STL and curious where the compensation is around there.
    - gecko 13y ago
      Please do note that Fog Creek provides an apartment to interns for exactly that reason. You would not being paying New York rent as a student.
  - cm2012 13y ago
    Manhattan prices may $2k -$3k +, but you can get a reasonable apartment and commute for $1300 or less depending how far you want to commute daily
- tylerkahn 13y ago
  NYU has a program where college students doing internships in NYC can live in an NYU dorm for ~$360/week. I didn't find the groceries/food to be all that expensive.
cjbarber 13y ago
You're correct. While not common, top interns at Amazon A9 can pull ~$35k for the summer.
- test_ignore 13y ago
  Are you including the housing stipend in that math? That seems awfully high. I'm @ amazon, getting 6700 / mo, plus 2.5k / mo housing stipend and suddenly feel insecure :-p.
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1a2a3a4a 13y ago
It's not that far off the top tier pay for tech companies. Glassdoor compiled their list for 2014, and it's not too inaccurate [1]. Speaking from personal experience, the numbers for SWE undergrads for some of the companies on the list this year: Palantir - 7,500 - 1,200 for housing if you choose Facebook - 6,200 + free housing Salesforce - Varies per year, 34.50/hr for rising junior, housing. Cisco - 22/hr Quora and Dropbox are both missing from this list but they both have higher salaries than Palantir, but not by too much. [1] http://www.glassdoor.com/blog/25-highest-paying-companies-interns-2014-interns-earn-7000-month/ http://www.glassdoor.com/blog/25-highest-paying-companies-in...
- covi 13y ago
  I'd say Quora and Dropbox can pay much higher, from my personal experience. Also, there are other places in the industry that pay even higher. But I'd include those with Quora and Dropbox as Tier 1. In short, Fog Creek is at most Tier 2, along with Google / Facebook, etc.
- nickbarnwell 13y ago
  Jane St and a few other finance firms are paying interns ~100k/y annualised. That's the highest I've heard barring grad students with sweetheart deals. As covi mentioned, Palantir, Quora, Dropbox all pay about roughly the same but are very willing to negotiate and pay more if necessary.
  - covi 13y ago
    Yes, that figure is about right for the few finance technology films.
- shubb 13y ago
  Wow... this sounds kind of irrational. I mean, these are close to senior salaries annualized - Sales force is around 70K, while a senior gets about 100K across most of the US. Are 4 interns really more useful than 3 seniors? Really?
  - 13y ago

I have to say the pay is by no way "spoiling". It is no where near the top tier pay (for interns) seen in the industry.

by covi 13y ago

I have to say the pay is by no way "spoiling". It is no where near the top tier pay (for interns) seen in the industry.

A furnished apartment in NYC probably adds a lot to that salary. The unfortunate part is that the cost of that benefit is also considered income and the taxes for it would come out of the $6K. I interned at Microsoft years ago with similar benefits (good salary, furnished apartment, prepaid rental car, relocation costs & 2 gym memberships) but they paid extra cash to cover the taxes on the non-monetary benefits. There's no way I would've turned down the Fog Creek opportunity back then, though, it sounds like a very well planned program at an awesome company. There were many internships in the Philadelphia area, for developers, that paid half that salary with no perks on top of the pay at all. On the other hand, the interview process at nearly all the companies consisted of sending a resume and sitting down for 30 minutes to talk about past experience. I interviewed at 4-6 companies a year to get my 3 internships, with a ~75% acceptance rate (offered the internship), and not one involved multiple interviews or a single code screen. The west coast interview process just doesn't exist out here.

jc4p 13y ago
I lived in the same place they put their interns for a summer, it's decent and costs ~4,000 for the entire summer, which definitely adds to the cost.
crazypyro 13y ago
I had the exact same experience with interviews in the Midwest. Nothing rigorous at all, very high offer rate, and about half the compensation. I made a more in-depth comment, but just wanted to note that.

Igglyboo 13y ago

How's the cost of living in new york? I'm an intern in michigan and I'm getting way less than 6k a month but I definitely feel spoiled.

mh_yam 13y ago
(Manhattan prices) A good studio apartment will be $2000-2500 a month. A one bedroom would be $3000+.
- Igglyboo 13y ago
  Wow, yea now I see why they get payed so much. A solid 2 bedroom around me is like 500-800.
  - crazypyro 13y ago
    How much are you making if you don't mind me asking? I just accepted an internship in STL and curious where the compensation is around there.
  - gecko 13y ago
    Please do note that Fog Creek provides an apartment to interns for exactly that reason. You would not being paying New York rent as a student.
- cm2012 13y ago
  Manhattan prices may $2k -$3k +, but you can get a reasonable apartment and commute for $1300 or less depending how far you want to commute daily
tylerkahn 13y ago
NYU has a program where college students doing internships in NYC can live in an NYU dorm for ~$360/week. I didn't find the groceries/food to be all that expensive.

cjbarber 13y ago

You're correct. While not common, top interns at Amazon A9 can pull ~$35k for the summer.

test_ignore 13y ago
Are you including the housing stipend in that math? That seems awfully high. I'm @ amazon, getting 6700 / mo, plus 2.5k / mo housing stipend and suddenly feel insecure :-p.

deleted 13y ago

[deleted]

deleted 13y ago

[deleted]

1a2a3a4a 13y ago

It's not that far off the top tier pay for tech companies. Glassdoor compiled their list for 2014, and it's not too inaccurate [1]. Speaking from personal experience, the numbers for SWE undergrads for some of the companies on the list this year: Palantir - 7,500 - 1,200 for housing if you choose Facebook - 6,200 + free housing Salesforce - Varies per year, 34.50/hr for rising junior, housing. Cisco - 22/hr Quora and Dropbox are both missing from this list but they both have higher salaries than Palantir, but not by too much. [1] http://www.glassdoor.com/blog/25-highest-paying-companies-interns-2014-interns-earn-7000-month/ http://www.glassdoor.com/blog/25-highest-paying-companies-in...

covi 13y ago
I'd say Quora and Dropbox can pay much higher, from my personal experience. Also, there are other places in the industry that pay even higher. But I'd include those with Quora and Dropbox as Tier 1. In short, Fog Creek is at most Tier 2, along with Google / Facebook, etc.
nickbarnwell 13y ago
Jane St and a few other finance firms are paying interns ~100k/y annualised. That's the highest I've heard barring grad students with sweetheart deals. As covi mentioned, Palantir, Quora, Dropbox all pay about roughly the same but are very willing to negotiate and pay more if necessary.
- covi 13y ago
  Yes, that figure is about right for the few finance technology films.
shubb 13y ago
Wow... this sounds kind of irrational. I mean, these are close to senior salaries annualized - Sales force is around 70K, while a senior gets about 100K across most of the US. Are 4 interns really more useful than 3 seniors? Really?
- 13y ago