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#2076137 - 04/28/16 03:17 PM
Do You Earn Less Than a Silicon Valley Intern?
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10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
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This year’s batch of Silicon Valley summer interns might earn more money than you. The median monthly base salary for an engineering-focused summer intern at some of the big technology companies is $6,800. Annualized, that's $81,600 a year, according to data collected by Rodney Folz, a former University of California Berkeley student and soon-to-be Yelp intern. The national wage index is $46,481.52, according to data last compiled by the Social Security Administration in 2014. http://www.bloomberg.com/news/articles/2...et-art_view_ext
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#2076139 - 04/28/16 03:25 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Diamond Poster
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
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Very impressive for an intern, but the wow factor is reduced when you consider (I'm guessing) the cost of living in the Silicon Valley or surrounding areas.
I'd be interested to hear some of our Cali bankers give us the average wage for a teller in San Francisco.
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#2076192 - 04/28/16 05:55 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Member
Joined: Mar 2013
Posts: 58
Mid West
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Cost of living over there is horrible. I had to turn down a job at Sega as even with the increased Pay fo the job the increased cost of living would tank me financially. Their HR person noted many of the staff share housing. No thank you.
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#2076194 - 04/28/16 05:59 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Diamond Poster
Joined: May 2011
Posts: 1,984
Idaho
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One of the few good things about living in Idaho is the cost of living is basically nothing.
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#2076200 - 04/28/16 06:08 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
TMatt87
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10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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One of the few good things about living in Idaho is the cost of living is basically nothing. right up there with the pay, no? have a nephew in SF, he has 3 roommates so they can afford something other than a broom closet...of course, he also chooses to live in one of the most expensive areas of town...
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#2076209 - 04/28/16 06:48 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Power Poster
Joined: Mar 2001
Posts: 5,063
Pennsylvania
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I read a story about a young man working at Google that had converted a small box truck into a mobile apartment and was living in the parking lot at work. They had many of the missing amenities (bathrooms, showers, cafeteria, etc) at work so he was pretty well set. http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10
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#2076235 - 04/28/16 08:05 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
HappyGilmore
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Diamond Poster
Joined: May 2011
Posts: 1,984
Idaho
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One of the few good things about living in Idaho is the cost of living is basically nothing. right up there with the pay, no? I make well above the national household average. So factoring in my cost of living, I probably have higher disposable income than most. Plus I'm single, so that helps a lot too...
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#2076247 - 04/28/16 08:26 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Power Poster
Joined: Jun 2005
Posts: 4,594
Easy Street
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Let's see...We are bankers with 4 kids (one in college and 2 headed there fast)...carry the one...divide by 2...we poor. Not really but I do not make what those guys are making.
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#2076274 - 04/28/16 09:24 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
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Try having 6 daughters and 1 (admittedly with a salary WELL ABOVE the index) working parent...I'm making about 5 times what I was when I started in Banking 23 years ago, and I'm still poor, but with a nicer car and house...:-)
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#2076289 - 04/28/16 10:56 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Gold Star
Joined: Sep 2007
Posts: 496
WA
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#2076452 - 04/29/16 06:11 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
YosemiteSamIAm
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Power Poster
Joined: Jun 2005
Posts: 4,594
Easy Street
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Try having 6 daughters and 1 (admittedly with a salary WELL ABOVE the index) working parent...I'm making about 5 times what I was when I started in Banking 23 years ago, and I'm still poor, but with a nicer car and house...:-) I would not survive 6 kids.
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#2076508 - 04/29/16 09:35 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Diamond Poster
Joined: Feb 2001
Posts: 2,245
US of A
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It's difficult to compare salaries in California with other locations.
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#2076514 - 04/29/16 10:24 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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Diamond Poster
Joined: May 2011
Posts: 1,984
Idaho
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And that's the reason a nation wide minimum wage is so ridiculous. $15 where I live would be solid lower middle class, but in SF or NYC it's probably still a poverty wage.
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#2076535 - 04/30/16 01:45 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
TMatt87
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Power Poster
Joined: Nov 2008
Posts: 4,132
Somewhere in the middle
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And that's the reason a nation wide minimum wage is so ridiculous. $15 where I live would be solid lower middle class, but in SF or NYC it's probably still a poverty wage. Isn't that why most states have their own minimum wages?
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#2076547 - 05/02/16 12:51 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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many moons ago when I worked at FRB, it you took a job in DC, NYC, or CA (assuming you weren't already living in one of these locations), you received a 30-50% "pay adjustment" on top of whatever increase you were given. No idea if still in play, but also know from a couple of folks that moved that it was at best a wash, but more likely a decrease due to housing costs.
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#2076568 - 05/02/16 02:59 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
DD Regs
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Diamond Poster
Joined: May 2011
Posts: 1,984
Idaho
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And that's the reason a nation wide minimum wage is so ridiculous. $15 where I live would be solid lower middle class, but in SF or NYC it's probably still a poverty wage. Isn't that why most states have their own minimum wages? And that's the way it should be. If a $15 national minimum wage were enacted, a la Bernie Sanders, most small businesses around here would be bankrupt in a week.
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#2076587 - 05/02/16 03:37 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
MB Guy
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10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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Bernie Sanders? The same guy who started laying off his presidential campaign staff this past week? because even socialists eventually run out of other people's money...that same Bernie sanders?
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#2076588 - 05/02/16 03:41 PM
Re: Do You Earn Less Than a Silicon Valley Intern?
HappyGilmore
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Diamond Poster
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
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Bernie Sanders? The same guy who started laying off his presidential campaign staff this past week? because even socialists eventually run out of other people's money...that same Bernie sanders? https://www.youtube.com/watch?v=QDySGUFAom0
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Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.
CRCM
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