360° Coverage : Silicon Valley's interns enjoy perk-filled summer

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Silicon Valley's interns enjoy perk-filled summer

Jun 8 2014, 12:28pm CDT | by

MOUNTAIN VIEW, Calif. (AP) — With summer's arrival comes an influx of thousands of Silicon Valley interns, and these kids aren't just fetching coffee. Well paid and...

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12 weeks ago

Silicon Valley's interns enjoy perk-filled summer

Jun 8 2014, 12:28pm CDT | by

MOUNTAIN VIEW, Calif. (AP) — With summer's arrival comes an influx of thousands of Silicon Valley interns, and these kids aren't just fetching coffee.

Well paid and perked, young up-and-comers from around the world who successfully navigate the competitive application process are assigned big time responsibility at firms, where executives hope they someday will come back to launch careers.

Here are five things to know about Silicon Valley internships.

BIG BUCKS: Tech firms pay interns more than any other sector in the U.S., according to a Top 25 list of 2014 intern pay by online career website Glassdoor. Palo Alto-based Palantir Technologies, a cybersecurity firm, topped the list with $7,012 average monthly base pay, followed by social media and software firms including Twitter, LinkedIn, Facebook, eBay, Google and Apple, which pay more than $5,000 a month, the equivalent of $60,000 a year for full time jobs.

PERKS: Benefits differ from company to company, but they include free meals, bikes to borrow, commuter buses, massages, swimming pools, dance and language classes, nap pods, parties and paid flights and hotels.

THE COMPANIES: Virtually every major tech firm including Apple, eBay, Cisco, Facebook, Google, Hewlett Packard, and Intel, as well as many startups, offer internships.

HOURS: Interns put in long hours; the requirement is 40 hours a week, but the reality is they are immersed in projects they want to produce, and often put in longer hours.

THE WORK: While most positions are for computer science, programming and developing, there are plenty of non-tech internships for designers, bankers, marketers, public relations workers, artists and more.

 
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2 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
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3 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedie ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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