High Paying Summer Internships

[thefranchize]

Hi all,
I was wondering if anyone has any info on high paying summer internships that I can do. My search isn't just restricted to biomedicine but if anyone has any info on those kinds of jobs, I'd greatly appreciate. What I mean when I say "high paying" is $20+. Let me know if I'm being unrealistic. 🙂

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[samsunimomo]

Hi all,
I was wondering if anyone has any info on high paying summer internships that I can do. My search isn't just restricted to biomedicine but if anyone has any info on those kinds of jobs, I'd greatly appreciate. What I mean when I say "high paying" is $20+. Let me know if I'm being unrealistic. 🙂

You are being unrealistic. Much of the compensation for internship work (especially in biomedicine) is made through either stipends and college credit. That's because legitimate internships are supposed to be educational for the intern, not necessarily beneficial to the company or organization.

Even in programs that dish out stipends (most often research-related), the pay is around $8 - 9.50 an hour, assuming that the stipend is about $3,500 - $3,800 for 40 hours of work for 8 to 10 weeks, and much of that money is funneled into food/housing.

 

[gmcguitar4]

summer internsips for 20+ g's? I think you need to search for the goldman sachs forum.

I think you mean't 20+ per hour??. STILL.. no way unless you have a connect. I know one spoiled someone who got a job through daddy workin for a doctor and making $25-30 an hour.

 

[thefranchize]

Yea I meant $20+ / hour. And I had a feeling I was being unrealistic. But I don't know who will hire me since my resume SCREAMS pre-med. I know this is a pre-med forum but if I can get any tips on applying to other places, I'd greatly appreciate it.

 

[willen101383]

Most people coming out with a bio bachelors dont even make 20/hr. My first job out of college I was making 15 bucks an hour. Hell, I have a masters degree and my base salary before med school was still only 25/hr in a licensed field.

Yes, you are being unrealistic!

 

[thefranchize]

Ok, ok. Guess I'll start that Google application now. lol Thanks!

 

[Xiao]

Tech companies (facebook, google, etc.), investment banking, leading consulting firms all offer more than 20+/hr for summer interns. In many cases, a lot more than 20+.

They are tough internships to come by. If you are still a student, you'll usually need to apply through your on campus recruiting, go to a highly ranked university, have superb academics, and be able to interview VERY well (much more difficult interviews than medical school.)

If you want one for this summer, you'll need to start networking and applying now. Many deadlines are in January.

 

[CodeBlu]

Lolololololololol

High paying summer INTERNships?

You're joking right.

This is not iBanking or Wall Street.... #OCCUPYmedicine... not gonna happen.

Better pray someone at Google likes your shtick.

 

[Xiao]

A few big biotech's may also offer that kind of pay. Genentech, Abbot...I'd suggest talking to your schools career adviser to see which firms recruit from your university. If you go to a target school, you can also check out events with your schools "good" business and engineering societies.

 

[star230]

Hi all,
I was wondering if anyone has any info on high paying summer internships that I can do. My search isn't just restricted to biomedicine but if anyone has any info on those kinds of jobs, I'd greatly appreciate. What I mean when I say "high paying" is $20+. Let me know if I'm being unrealistic. 🙂

If you are an engineer major, most of big companies pay intern 20+/hour. I have a friend who is chemical engineering + pre-med. He got paid about 27/hour last summer.

 

[star230]

Lolololololololol

High paying summer INTERNships?

You're joking right.

This is not iBanking or Wall Street.... #OCCUPYmedicine... not gonna happen.

Better pray someone at Google likes your shtick.

Agree, for most of research related or medicine related jobs, 20+ is impossible.

 

[willen101383]

A few big biotech's may also offer that kind of pay. Genentech, Abbot...I'd suggest talking to your schools career adviser to see which firms recruit from your university. If you go to a target school, you can also check out events with your schools "good" business and engineering societies.

Proof of this? I find that very hard to believe a large tech company specializing in cutting edge R&D is going to pay some essentially worthless kid with zero real credentials/experience 20+ dollars an hour. By the time they got you trained and actually doing anything productive, your summer would be over and it would be time to leave the company=even more worthless.

For about 6 months after I graduated college (hated it) I worked for BMS/Sanofi and got paid 12.50 an hour working in pharma...and thats with a bachelors.

Like I said above, my masters degree just barely commands more than 20 bucks an hour and thats with 8 years of experience doing what I do/did before med school...let alone someone with not even a bachelors degree.

 

[Xiao]

Proof of this? I find that very hard to believe a large tech company specializing in cutting edge R&D is going to pay some essentially worthless kid with zero real credentials/experience 20+ dollars an hour. By the time they got you trained and actually doing anything productive, your summer would be over and it would be time to leave the company=even more worthless.

For about 6 months after I graduated college (hated it) I worked for BMS/Sanofi and got paid 12.50 an hour working in pharma...and thats with a bachelors.

Like I said above, my masters degree just barely commands more than 20 bucks an hour and thats with 8 years of experience doing what I do/did before med school...let alone someone with not even a bachelors degree.

I don't have any definitive proof for you. It's hard to find reliable sources for internship pay. This being an internet forum, you'll have to take my anecdotal evidence (with a grain of salt, if you'd like).

My friend interned at Genentech for something like 15-20 an hr. I'm not sure of the exact number, but it's that range. Another friend of mine interned at facebook, and for the 2.5 months he worked there, he made full salary.

There is plenty of data out there for straight-out-of-undergrad starting salaries though. If you have good grades from a good school and can interview well, it's not unreasonable to expect 50k+. I'm working at my first job straight out of undergrad, in a health-related field, at ~60k (something like 25-30 an hour if i work 40 hr weeks, which sadly, i don't) and a small year end bonus. Top tech companies, such as Facebook, Google, and well venture-backed start-ups, offer $80-90k for top engineering graduates. First year analysts in investment banks and top consulting firms start at ~60k+ and can make significant bonuses.

You can check salaries to your heart's content at glassdoor.com.

P.S. Sorry if I sound kind of entitled, but this had been my experience. Of course, many people choose lower paying jobs because it's more meaningful to them. I'm also not attacking your experience in any way. In the end, I think a lot of this job hunting business comes down to luck and getting off on the right foot. (Ex. if you missed the main recruiting season, regardless of your ability, it's very slim pickings from there.)

 

[willen101383]

I don't have any definitive proof for you. It's hard to find reliable sources for internship pay. This being an internet forum, you'll have to take my anecdotal evidence (with a grain of salt, if you'd like).

My friend interned at Genentech for something like 15-20 an hr. I'm not sure of the exact number, but it's that range. Another friend of mine interned at facebook, and for the 2.5 months he worked there, he made full salary.

There is plenty of data out there for straight-out-of-undergrad starting salaries though. If you have good grades from a good school and can interview well, it's not unreasonable to expect 50k+. I'm working at my first job straight out of undergrad, in a health-related field, at ~60k (something like 25-30 an hour if i work 40 hr weeks, which sadly, i don't) and a small year end bonus. Top tech companies, such as Facebook, Google, and well venture-backed start-ups, offer $80-90k for top engineering graduates. First year analysts in investment banks and top consulting firms start at ~60k+ and can make significant bonuses.

You can check salaries to your heart's content at glassdoor.com.

P.S. Sorry if I sound kind of entitled, but this had been my experience. Of course, many people choose lower paying jobs because it's more meaningful to them. I'm also not attacking your experience in any way. In the end, I think a lot of this job hunting business comes down to luck and getting off on the right foot. (Ex. if you missed the main recruiting season, regardless of your ability, it's very slim pickings from there.)

I know high starting salaries in certain fields exist. I have zero experience with those fields being that I have always been in allied health. But I can more or less say that in allied health you are not going to start very high...and 25/hr is more or less the ceiling for what you can generally expect in the areas Ive worked since college. I had AMPLE opportunities to make more money than that doing things like on call (okay I am a clinical lab scientist and my area of specialty is blood banking so I would get called in at least 3 times a week at my last job for emergent type/screens and Xms on units) which significantly upped that 25/hr base rate. Obviously salaries vary massively based on location as well. "Plying my trade" in upstate new york I was making something like 18 starting, while in Philly I was making 25 starting. I have a bunch of NYC livin' friends who like to floss their ~100k/yr advertising/(fill in worthless job that these guys think is super important) jobs....yet they pay DOUBLE what I pay for my mortgage for my 1500 sq ft house...for their 500 sq ft studio in a 10th floor walkup...so we know where all that extra money is going....right down the toilet bowl into some landlords pocket.

Either way, I am totally rambling in a totally delirious "been studying all day" state here and none of this even matters bc OP is still in college and wants an internship. You dont sound entitled, you are getting paid what you should be getting paid. If you were saying "omgzzzz i cant believe i dont make 100k a year with my bachelors, " that would be entitled haha. Oh and I would say you are low balling those junior analyst jobs...they are killing it in a lot of cases. My fiance ( wife in 2 weeks omgz) started as an junior associate at a big 4 accounting firm when we graduated college making mid 50s....and I know those guys do much better than that if they work hard enough.

 

[Classof2013PreM]

Proof of this? I find that very hard to believe a large tech company specializing in cutting edge R&D is going to pay some essentially worthless kid with zero real credentials/experience 20+ dollars an hour. By the time they got you trained and actually doing anything productive, your summer would be over and it would be time to leave the company=even more worthless.

For about 6 months after I graduated college (hated it) I worked for BMS/Sanofi and got paid 12.50 an hour working in pharma...and thats with a bachelors.

Like I said above, my masters degree just barely commands more than 20 bucks an hour and thats with 8 years of experience doing what I do/did before med school...let alone someone with not even a bachelors degree.

I interned with big pharma last summer (i.e. Pfizer, Abbott, Merck, GSK, etc), and was paid around $20 an hour as a bio major, while engineering interns were paid even more.

 

[rrxcrunner]

The NREIP fellowship pays around 8k for undergrads and 11kish for grads for 10 weeks. Came out to over 20 per hour for me last summer.

http://nreip.asee.org/

Application is due on by January 6th, so it may be too late to get transcripts sent and such.

 

[dmf2682]

If you are an engineer major, most of big companies pay intern 20+/hour. I have a friend who is chemical engineering + pre-med. He got paid about 27/hour last summer.

This. I had summer internships at major companies that paid around 25 an hour, but I was an engineering major. One piece of advice for you- don't be afraid to take a hit pay-wise for the awesomeness factor. Example: I turned down $25/hr at IBM, living at home, for $19/hr at Boeing living in Texas. The upside was I got to work on the space program, and at all 20+ job interviews I got the next fall I saw that experience was circled or highlighted on my resume and undoubtedly got tons of offers as a result. No one cared about my experience at IBM a couple summers prior, my research summer, or my job as an RA.

If there's a cool experience out there for you, my advice would be to take it regardless of pay.

 

[varsityblue]

You are being unrealistic. Much of the compensation for internship work (especially in biomedicine) is made through either stipends and college credit. That's because legitimate internships are supposed to be educational for the intern, not necessarily beneficial to the company or organization.

Even in programs that dish out stipends (most often research-related), the pay is around $8 - 9.50 an hour, assuming that the stipend is about $3,500 - $3,800 for 40 hours of work for 8 to 10 weeks, and much of that money is funneled into food/housing.

I agree with this. Most stipends cover just enough to cover living (apartment + food) and transportation expenses. Unless you're in ibanking, you're not going to bring home $10K for the summer, haha. As far as recs go, I'm a fan of the NIH SIP, Amgen Scholars Program, DOE labs, and smallish ROPs.