Apple’s $80K internships – what’s the catch?

by |
With the technology industry booming, employers in the tech space have built themselves a reputation for offering staff generous remuneration packages – and according to reports, this is a perk extended even to interns. 

According to Business Insider, the tech giant’s interns can earn salaries approaching US$7,000 per month – or US$80,000 a year.

A former non-engineering Apple intern told Mashable they had been paid around $2,500 each month for part-time work during their internship – if the intern had been hired on a full-time basis, they would have earned $5,000 per month.
However, there is a catch: 100% confidentiality.

Candidates who make it through the interview process to be offered an internship are required by Apple to keep quiet about what they see and hear within the company.

To ensure that its work remains clandestine, departments are also kept in the dark about what other departments are working on, and select buildings are reportedly kept off-limits to many employees.

Interns at Apple aren’t alone in receiving competitive remuneration packages – according to Mashable, the salaries are roughly on par with those offered to interns at several other top tier tech companies.

The average monthly earnings of interns at Facebook and LinkedIn was over US$6,200, or around US$74,400 annually, according to Glassdoor. US based tech companies Palantir and VMware, meanwhile, are reported to offer even more to those commencing careers in technology.

More like this:

Concerns raised after robot kills worker

HR: don’t overlook ‘unlikely’ sexual harassment victims

Criminal conviction for reckless employer
 
 
  • Wayne Forster on 2015-07-06 9:41:31 AM

    This article and a previous one about Mark Zuckerberg taking $1 in salary may be interesting to those who like to follow the comings and goings of the corporate elite, but they have little if any relevance to an HR professional like myself who is dealing with the day-to-day people challenges of an "ordinary" business, which represent 95% of the businesses in our economy.

HRM Online forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions