• $ 1.7
  • € 1.9722
  • ₽ 0.021656
  • ₺ 0.0401
  • £ 2.2538

Apple interns earn $38 an hour - or $73,000 a year

Apple interns earn $38 an hour - or $73,000 a year
29.05.2020 08:20
College students spending the summer interning at Apple are earning more than many make in their first job after graduation. 

A former intern who wished only to be identified as 'Brad' told Business Insider that interns get paid $38 an hour, averaging to be about $6,080 a month. 

In other words, if interns worked all year round, they would be on a $73,000 salary.  

And that's not even including overtime. Interns get paid time and a half if they work more than 40 hours a week. 

It is important to note that a $73,000-a-year salary wouldn't get an employee much in the way of housing in pricey Cupertino, where Apple is headquartered. 

But most interns get their housing paid for by Apple anyway, if they agree to live with other interns in shared apartments. 

Even those who turn their noses up at Apple's intern housing get $1,000 from the company for monthly rent. 

That's not to mention the $3,300 they give each intern for relocation costs for things like flights and shipping. 

And that's all just for an intern. Brad says that many of the interns go on to get hired at the company, and once full-time employees, they are paid considerably well.

While it's not uncommon for employees to spend only a few years at other Silicon Valley companies before moving on, Apple employees are unusually loyal and many stay for 25 to 35 years.  

'[You'll see] people coming into work in sports cars, and they are just normal engineers,' he said. 'Not high-up managers or anything like that. So you can see why they don't want to leave at this point.'  

However, there are some peculiarities about interning for the company behind the iPad. 

Brad says that the company is super secretive, since most of the excitement about their products is centered on surprise. 

Interns and employees alike are not allowed to take pictures on campus and are restricted in what buildings they are able to access. 

Brad says he even spoke with one employee who spent one to two years working on a 9.7-inch display without ever knowing what product she was creating. 

'They didn't know if it was a big phone or a small laptop,' Brad said. 'They had no idea. It wasn't until the product release where Steve Jobs went on stage and showed the iPad that they realized this is what we worked on for the past two years.'  

(dailymail.co.uk)

www.ann.az
Similar news
Similar news
Azeri Light crude rises above $66
Business 18:02
Azeri Light crude rises above $66
Bir Ecosystem launches another initiative in Karabakh: new office for m10 and MilliÖn telesales services opens in Fuzuli
Business 16:57
Bir Ecosystem launches another initiative in Karabakh: new office for m10 and MilliÖn telesales services opens in Fuzuli
Dollar weakens as yuan gains strength
Business 16:30
Dollar weakens as yuan gains strength
The dollar weakens as the yuan gains strength
Business 16:00
The dollar weakens as the yuan gains strength
Birbank Savings account: your money earns profit every day
Business 15:30
Birbank Savings account: your money earns profit every day
The 8th luxury car has found its owner!
Business 14:58
The 8th luxury car has found its owner!
Celebrate the New Year with Yelo – cash loans from 9%!
Business 12:08
Celebrate the New Year with Yelo – cash loans from 9%!
Azerbaijan and Jordan sign six cooperation documents
Business 17:30
Azerbaijan and Jordan sign six cooperation documents
Nar surprises another subscriber with a Haval H6 Ultra
Business 17:11
Nar surprises another subscriber with a Haval H6 Ultra
Anews TV

Our official Youtube channel

Subscribe