• $
  • £

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
Azerbaijan to regulate duty-free shops under customs code changes
Business 17:30
Azerbaijan to regulate duty-free shops under customs code changes
ADB puts Baku metro, rail and green energy among priorities for Azerbaijan
Business 17:00
ADB puts Baku metro, rail and green energy among priorities for Azerbaijan
ACG oil output falls as costs rise in first quarter, BP says
Business 16:30
ACG oil output falls as costs rise in first quarter, BP says
Get Your Tender Guarantee Fully Online via Yelo Internet Banking!
Business 15:37
Get Your Tender Guarantee Fully Online via Yelo Internet Banking!
Second stage of seismic surveys begins at Karabakh field
Business 15:30
Second stage of seismic surveys begins at Karabakh field
BP says gas and condensate output at Shah Deniz remains stable
Business 15:00
BP says gas and condensate output at Shah Deniz remains stable
Azeri Light remains above Azerbaijan’s budget benchmark
Business 14:30
Azeri Light remains above Azerbaijan’s budget benchmark
A new chapter in digital transformation at YeloBank
Business 12:47
A new chapter in digital transformation at YeloBank
Brent oil price exceeds $111
Business 12:00
Brent oil price exceeds $111
Anews TV

Our official Youtube channel

Subscribe