What do students typically earn in paid internships?
The average pay rate for most undergraduate internships is $10-14 an hour, sometimes higher for technical students, finance/accounting majors, or for students with extensive work experience. However, compensation doesn’t always come in the form of a weekly paycheck. Some employers offer a stipend (a “lump sum”) at the end of the internship as a reward for your hard work. Some enterprising employers offer terrific perks – work-related travel (all expenses paid), breakfast with the CEO, catered lunches, holiday parties, etc. But regardless of the pay and perks, it is always important to keep in mind that an internship is a valuable experience in itself. Many students working in non-paying internships have agreed that the experience and lessons learned were more valuable than a paycheck. You may refer to our 2005-2006 Internship and Co-op Salary Data which has been gathered from students who held internships and co-ops from the summer of 2005 through the spring of 2006. This will offer a
