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(SFGate)   Top 25 tech companies that pay interns the most. Judging from the list, you're pretty lucky if you live in the San Fran area   (blog.sfgate.com ) divider line
    More: Interesting, Palo Alto, Glassdoor, eBay Inc., vmware, Palantir Technologies, San Francisco Bay Area  
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1160 clicks; posted to Business » on 28 Feb 2014 at 10:30 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments     (+0 »)
 
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2014-02-28 08:28:39 PM  
http://priceonomics.com/the-san-francisco-rent-explosion/

Just saying.  There's a reason why the salaries are so high.  3 month internship, you pull in $16-20K, drop $6K on your share of the rent (You always have to rent for 4 unless they're really nice), drop another $5-7K in taxes (which you will mostly get back because they base withholding on weekly income.  $1500/week is a lot of taxes.  $20K/year, they will literally pay you.), and then run around on the remaining $6-8K.  In a place where it's $10/day to ride the train to/from work and a burger is $16.

General rule of thumb seems to be that if you're boring with roommates and no car, you can clear $5-6K in actual income, and then another $3-4K in the spring when tax season rolls around.

Mind you, it's certainly better than nothing, and I was honestly richer in college in terms of pure discretionary income  when I was doing internships, wasn't really paying taxes or for my own food, didn't have a car, and was quite willing to live in rat-infested apartments (For example, I dumped about half my lifetime earnings into computers and computer parts during college.  Had 7 at one point or another.  I also did NOT have a car, which is why I could afford 7 computers).  But it's not like you're gonna be super-rich.  And then you'll get out, start paying taxes, have a car, and suddenly be paycheck to paycheck with roommates.
 
2014-02-28 09:37:07 PM  
Also bear in mind that $100K is a poorly paid tech position in San Fransisco.

I've got a friend living in Alameda, he says that houses that are $250,000 here in the midwest are $1,250,000 out there. Granted, they're a block from the beach, but one has to question whether the beach + San Fransisco is really worth the 5x markup.
 
2014-02-28 10:43:41 PM  
Fubini, there are zero locations in california that $1.2M is 1 block from the beach.
Beaches start at $5M bungalo (dumps from 50's).
 
2014-02-28 10:53:16 PM  

Fubini: Also bear in mind that $100K is a poorly paid tech position in San Fransisco.

I've got a friend living in Alameda, he says that houses that are $250,000 here in the midwest are $1,250,000 out there. Granted, they're a block from the beach, but one has to question whether the beach + San Fransisco is really worth the 5x markup.


'Beach' in the Bay Area is not want you think it is, especially in Alameda.
 
2014-02-28 11:05:45 PM  

Farty McPooPants: 'Beach' in the Bay Area is not want you think it is, especially in Alameda.


This. NorCal != SoCal.
 
2014-02-28 11:27:02 PM  
San Francisco is cold and foggy.  October is great.
 
2014-02-28 11:39:44 PM  
If they're gettig paid, they aren't interns
 
2014-03-01 02:00:57 AM  

meyerkev: http://priceonomics.com/the-san-francisco-rent-explosion/

Just saying.  There's a reason why the salaries are so high.  3 month internship, you pull in $16-20K, drop $6K on your share of the rent (You always have to rent for 4 unless they're really nice), drop another $5-7K in taxes (which you will mostly get back because they base withholding on weekly income.  $1500/week is a lot of taxes.  $20K/year, they will literally pay you.), and then run around on the remaining $6-8K.  In a place where it's $10/day to ride the train to/from work and a burger is $16.

General rule of thumb seems to be that if you're boring with roommates and no car, you can clear $5-6K in actual income, and then another $3-4K in the spring when tax season rolls around.

Mind you, it's certainly better than nothing, and I was honestly richer in college in terms of pure discretionary income  when I was doing internships, wasn't really paying taxes or for my own food, didn't have a car, and was quite willing to live in rat-infested apartments (For example, I dumped about half my lifetime earnings into computers and computer parts during college.  Had 7 at one point or another.  I also did NOT have a car, which is why I could afford 7 computers).  But it's not like you're gonna be super-rich.  And then you'll get out, start paying taxes, have a car, and suddenly be paycheck to paycheck with roommates.




7 computers?

Are you a Wizard?
 
2014-03-01 02:19:24 AM  

TedCruz'sCrazyDad: 7 computers? Are you a Wizard?


If you allow tablets as computers, we have 7.  If smartphones count, we have 9.

/Why yes, my wife is a geek - why do you ask?
 
2014-03-01 02:42:02 AM  

TedCruz'sCrazyDad: meyerkev: http://priceonomics.com/the-san-francisco-rent-explosion/

Just saying.  There's a reason why the salaries are so high.  3 month internship, you pull in $16-20K, drop $6K on your share of the rent (You always have to rent for 4 unless they're really nice), drop another $5-7K in taxes (which you will mostly get back because they base withholding on weekly income.  $1500/week is a lot of taxes.  $20K/year, they will literally pay you.), and then run around on the remaining $6-8K.  In a place where it's $10/day to ride the train to/from work and a burger is $16.

General rule of thumb seems to be that if you're boring with roommates and no car, you can clear $5-6K in actual income, and then another $3-4K in the spring when tax season rolls around.

Mind you, it's certainly better than nothing, and I was honestly richer in college in terms of pure discretionary income  when I was doing internships, wasn't really paying taxes or for my own food, didn't have a car, and was quite willing to live in rat-infested apartments (For example, I dumped about half my lifetime earnings into computers and computer parts during college.  Had 7 at one point or another.  I also did NOT have a car, which is why I could afford 7 computers).  But it's not like you're gonna be super-rich.  And then you'll get out, start paying taxes, have a car, and suddenly be paycheck to paycheck with roommates.

7 computers?

Are you a Wizard?


He just wanted to set up his own 7 proxies...
 
2014-03-01 02:49:14 AM  

TedCruz'sCrazyDad: meyerkev: 7 computers?

Are you a Wizard?


* 13" C2D Macbook Pro.  Tossed after Junior year because it had taken about $5K of warranty damage and the warranty was up.  Upgraded with 8 GB of RAM and a hybrid drive.  $1300 + $700 in fixes/upgrades
* Netbook - For hacking on Linux.  Linux did not work despite my best efforts.  Luckily, it was only $400.  Bought middle of sophomore year because my other laptop was going to be in the shop for 2 weeks.  Tossed after college.
* Super Desktop - The Gaming/coding machine that also just happened to have 10 TB of storage and a TV tuner.  My Bwah-hah-hah build.  Because I wanted to sleep in my own bed instead of camping out in the computer lounge watching code run overnight.  Bought before junior year.   Probably approaching $5K between fixes and upgrades.
* Desktop for Dad - Work desktop.  Tossed to Dad to replace his aging Pentium 4 machine.  So now Dad has an SSD.  Bought before Senior year.  $500 (at 50% discount) + $200 in upgrades.
* Replacement Laptop - Typing on this now.  For gaming and coding.  Popped in a 256GB SSD and 16 GB of RAM.  Bought before Senior Year.  $2400
* NAS - 9TB of usable drive space in RAID 10 because my other media drives kept failing.  $1800. Bought immediately upon leaving college.
* Work laptop - Retina MBP from work.  $3K

* And the honorary computer- I bought a USB to Raid 1 adapter and stuck 2 2 TB drives in.  That sucker ate through EIGHT drives over about 3 years (Totally my fault.  I moved about 10 times in 3.5 years and dropped it twice), and never lost a byte of data.  Huzzah for RAID 1.  $2K.

I only have 4 right now, and really only use 3 of them.

Oh. and I had 3 smartphones in that time-frame.   And let's not forget the 2  separate$3K 17" Clevo gaming laptops that I bought and then immediately returned because the keyboard didn't work.  Both times.   And the XBOX that was a gift and I didn't touch for a year and a half.  And the 256GB SSD that has apparently been sitting in the box since 2011 that I totally forgot I had.

And compared to some of my friends...  Hardware geeks are CRAZY.  Like 8 separate monitors hooked up to 8 separate computers at one time crazy.  Like driving around the entire Detroit Metro area cleaning out every HDD at every Best Buy after the Thailand floods crazy (I still haven't used all those drives.)

/Look, I'm a programmer.  This is my job.
//And I can't stress enough how much money you make when you're getting paid a big-city barely-living wage, but you don't pay taxes, you don't have a car, you don't pay rent or board 8 months of the year, and you live with roommates in rat-infested apartments when you do pay rent.  The only job where I made more pure profit was when I was working for not-quite-minimum wage 60 hours/week, but Dad was letting me crash on his couch so I had 0 expenses.
 
2014-03-01 06:47:40 AM  
We pay ours $16 an hour, full benefits, pretty decent social activity on Friday and we provide a nice apartment for them during the summer. Considering this is a high tech firm in a small city I think it's a fantastic deal.
 
2014-03-01 08:06:02 AM  
My engineering co-ops earn $17.50/hr working in a low cost of living part of the country. Probably not a bunch less than they'll make when they get out of school.
 
2014-03-01 09:39:55 AM  

cretinbob: If they're gettig paid, they aren't interns


wat
 
2014-03-01 12:22:58 PM  
I made $12/hr in my last co-op in 2001-02 in Philly, which was pretty good for the time, though there were a few I knew of that were making $20 for a startup.
 
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