According to a new report, interns at the social network earn $25,000 more than the average American.
Citing salary information collected by Glassdoor.com’s Employee Choice Awards, Business Insider reports that Facebook pays interns about $5,602 every month.
The company’s interns make between $5,600 and $6,300 per month, the equivalent of $65,000 to $75,000 per year.
Technology interns are among the highest paid in the United States, but summer banking analysts rake in roughly the same amount. High salaries are a way for companies to recruit top talent from schools early on, although Facebook seems to maintain this post-internship; for example, a software engineering job brings in $114,000 a year.
According to an earlier Forbes report covering the “Best Internships of 2012“, Google – with its opportunities for gaining “learning experience,” as well as the benefits and “great pay” the company offers – ranks as the No. 1 workplace for interns. As Glassdoor data shows, the average monthly base pay for software engineer interns at Google is more than $6,000.
Microsoft was ranked the second best place to get an internship from, with interns making upwards of $5,000.
(Facebook did not make this particular top 10 list. However, according to a new study by Glassdoor, Facebook is the No. 1 company to work for in the world.)
“Facebook and other tech companies pay their interns well because they want first dibs on young talent,” Business Insider writes. “It’s not easy to find engineers or designers right now, and all of the big tech companies poach from each other. Some dangle salaries in front of current students and encourage them to drop out.”