• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechApple

Tech Interns Will Make Bundles of Cash This Summer

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
April 26, 2016, 2:07 PM ET
Snapchat Inc. Headquarters As Company Boasts 8 Billion Video Views A Day
The Snapchat Inc. application is displayed in the App Store on an Apple Inc. iPhone 6 in this arranged photograph taken in the Venice Beach neighborhood of Los Angeles, California, U.S., on Wednesday, March 2, 2016. People using the application for disappearing photos view 8 billion videos a day, the same number that Facebook reports, the CEO Evan Spiegel told an audience at the Morgan Stanley technology conference Photographer: Patrick T. Fallon/Bloomberg via Getty ImagesPatrick T. Fallon — Bloomberg via Getty Images

If you want to earn six figures, you may consider working at a technology company—as an intern.

Summer interns at Snapchat were offered $10,000 per month, plus $1,500 per month in housing, according to a survey released on Monday. Pinterest wasn’t far behind at $9,000 in monthly pay for interns, a $1,000 relocation budget, and $3,000 per month in housing. Twitter (TWTR) offered $8,400 per month plus $6,000 in benefits.

In other words, interns could make six figures, if their summer internship salaries were extended to a year.

The findings come from a Rodney Folz, a student a University of California at Berkeley who surveyed fellow students about the amount of money they will make this summer working as interns at prominent technology companies. The data, compiled from 510 respondents, clearly shows that being a tech intern is lucrative.

However, without seeing the employment letters directly, it’s impossible to know whether the salaries the UC Berkeley students claimed were accurate. The companies did not immediately respond to a request for confirmation about Folz’s data, which was reported earlier by Business Insider.

Get Data Sheet, Fortune’s technology newsletter.

Interestingly, bigger Silicon Valley companies, including Apple (AAPL) and Google (GOOGL), weren’t so willing to shell out all that cash to interns, respondents to Folz’s data claim. In fact, Apple is reportedly offering $6,700 per month plus a $1,000-per-month housing cap. Google keeps things simple with $6,600 per month and $9,000 in benefits over the summer, according to Folz’s data.

While Folz’s data may not be representative of every type of internship the companies offer, the pay was somewhat in line with what interns were getting in 2014. At that time, the National Association of Colleges and Employers reported that the average U.S. undergraduate earned $16 an hour, or $2,500 per month as interns. Technology interns made substantially more: Twitter interns at that time, for instance, made about $6,800 per month.

For more about Snapchat, watch:

Glassdoor, a site that tracks salaries and lets employees review their employers, also provides an intern-tracking tool. That company found that the national average annual salary for interns is about $33,120. Glassdoor, which also lists individual internship pay by company, says Amazon (AMZN) software development engineer interns make more than $6,200 per month. Meanwhile, Microsoft (MSFT) pays nearly $6,800 per month for software development engineering interns. Glassdoor’s data, which says software engineer interns at Google make $7,175 per month, was roughly similar to Folz’s findings.

Intern salaries, however, vary based on several factors including the business unit involved, the position, and an individual’s desirability. There are also a lot of interns making nothing—either because they’re working for school credit or their employers don’t pay interns. Still, working in the technology field in Silicon Valley seems like a great way to make some cash.

💰 state of top tech internship offers, 2016 #talkpay pic.twitter.com/Mkp5XWQyuE

— haute rod (@rodneyfolz) April 26, 2016

For his part, Folz says that he will release the raw data from his findings after he has anonymized the information he received from respondents. He told Fortune in an interview that he conducted the survey to help students get a leg up on employers.

“Knowing your market worth helps rebalance power away from employers to employees when negotiating,” Folz told Fortune. “And I think students should know their work has real value and be compensated accordingly.”

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

farley
Future of WorkInfrastructure
Ford CEO Jim Farley says America is sleepwalking past its ‘essential economy’ crisis. Goldman Sachs just showed how big it really is
By Nick LichtenbergApril 2, 2026
3 hours ago
Nima Ghamsari smiles
NewslettersTerm Sheet
Blend’s post-IPO reset: CEO Nima Ghamsari bets that AI can turn it all around
By Lily Mae LazarusApril 2, 2026
4 hours ago
Photo: President Trump
Big TechMarkets
Trump hails ‘tremendous progress’ in Iran but all Wall Street heard was ‘back to escalation’
By Jim EdwardsApril 2, 2026
4 hours ago
Can Elon Musk take SpaceX IPO to infinity and beyond?
NewslettersFortune Tech
Can Elon Musk take SpaceX IPO to infinity and beyond?
By Alexei OreskovicApril 2, 2026
4 hours ago
Asia’s AI playbook gets a reality check as the Iran war sends energy prices higher and snarls supply chains
AsiaTech
Asia’s AI playbook gets a reality check as the Iran war sends energy prices higher and snarls supply chains
By Angelica AngApril 2, 2026
5 hours ago
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
Real EstateBillionaires
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
By Marco Quiroz-GutierrezApril 2, 2026
8 hours ago

Most Popular

Gen Z fled San Francisco for Texas and Florida. Now they're turning 'welcomer cities' into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they're turning 'welcomer cities' into the next big tech towns
By Fortune EditorsApril 2, 2026
8 hours ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
1 day ago
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
1 day ago
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
3 days ago
2 years after Musk challenged Zuckerberg to a cage match, they were texting about DOGE and a joint OpenAI bid, court records reveal
Law
2 years after Musk challenged Zuckerberg to a cage match, they were texting about DOGE and a joint OpenAI bid, court records reveal
By Fortune EditorsMarch 31, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.