Twenty-Five Highest Paying Companies for Interns 2014

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Capital One

In nineteenth place, Capital One pays an average monthly base pay of $4,850.

Capital One isn't just concerned with what's in your wallet; it's interested in your bank account as well. The company is best known as one of the largest issuers of Visa and MasterCard credit cards in the U.S., but it also boasts a banking network of approximately 1,000 branches, mainly in New York, New Jersey, Louisiana, and Texas; it expanded its franchise into the Washington, DC, market in 2009 by buying Chevy Chase Bank for some $475 million in cash and stock. Capital One, which serves approximately 45 million customers in the U.S., Canada, and the UK, also has units that offer auto financing, write home loans, sell insurance, and manage assets for institutional and high-net-worth clients.

While the median household income in the U.S., according to the U.S. Census Bureau, is $53,046, several interns earn much more – $75,000+, assuming they were to work a full year. At a time when the income inequality debate continues, Glassdoor is revealing its report of the 25 highest paying companies for interns, to shed light on how much money some companies pay interns and to underscore the current competitive climate among employers for the best, new talent.

San Francisco Bay Area-based employers dominate the list, representing 18 of the top 25 companies. In fact, the top three employers are tech companies based in the San Francisco Bay Area, including Palantir Technologies, ranking #1 with interns earning an average monthly base pay of $7,012, VMWare, ranking #2 with interns earning an average of $6,966 per month, and Twitter rounding out the top three with interns reporting an average monthly pay of $6,791. Plus, as the war for talent continues across all industries, we see that 19 of the 25 highest paying companies are within the technology sector, while four companies are within the oil, gas, energy & utilities sector.

However, pay isn’t everything. According to a recent Glassdoor survey, interns report that when deciding on where to work, some factors most important to them include:

  • Career growth (77 percent)
  • Salary & compensation (74 percent)
  • Location & commute (41 percent)
  • Company culture and values (41 percent)

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

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