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

2 Updates

Silicon Valley's interns enjoy perk-filled summer

Jun 8 2014, 4:46pm CDT | by

MOUNTAIN VIEW, Calif. (AP) — Sitting in a kitchen stocked with free food, a handful of 20-something Google summer interns weigh their favorite perks, but where to begin? With bikes,...

Filed under: news

 
 
 

20 weeks ago

Silicon Valley's interns enjoy perk-filled summer

Jun 8 2014, 4:46pm CDT | by

MOUNTAIN VIEW, Calif. (AP) — Sitting in a kitchen stocked with free food, a handful of 20-something Google summer interns weigh their favorite perks, but where to begin? With bikes, buses, massages, swimming pools, dance classes, nap pods, parties and access to their tech heroes, it's a very long list.

"Unlimited sparkling water?" someone says.

In the end, however, the budding Googlers are most excited about the work.

"The project I'm working on is super high impact, and I'm looking for ways to make my mark," says Rita DeRaedt, 20, studying visual communication technology at Bowling Green State University in Ohio. She admitted to being a bit star-struck after she was assigned to a team headed by a designer she's long admired.

With summer's arrival comes an influx of thousands of Silicon Valley interns. 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 such as Google, Facebook, Dropbox and Twitter.

Silicon Valley tech firms pay their 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.

Palantir Technologies, a Palo Alto-based cybersecurity firm, topped the list with $7,012 average monthly base pay. Also on the list: Twitter, LinkedIn, Facebook, eBay, Google and Apple, all of which pay more than $5,000 a month, or $60,000 annually if these were full time jobs.

And that's not counting the perks, which at Facebook even include housing in this high rent region.

Executives hope that a fun and stimulating summer will motivate them to come back after graduation to launch careers. It's money well spent in a field fighting for talent, says Keck Graduate Institute professor Joel West in Claremont, who hired interns when he ran his own software company, and now helps place students at internships.

"When you're an employer, interns are a win-win, because you get relatively cheap labor and you get a first look at talented and ambitious people," he says. "You get first dibs on them."

Indeed, many of the internships turn into careers.

Max Schireson, CEO of database startup MongoDB, with offices in Palo Alto and New York, says they nurture former interns, 35 this summer selected from a pool of 3,000, when they return to their respective schools — primarily Brown, MIT, Stanford and Princeton.

"We try to keep in touch with them both to keep that relationship warm but also because they can help us in identifying our next crop," Schireson says.

Schireson says that while there's solid pay, with food, drink and candy around the office, there are limits. Ultimately, he says, "we want people attracted mostly by the workplace challenges."

Typically, interns are assigned to collaborative teams working on specific projects; computer science student might be writing software code to make failed passcode attempts erase data, while a human resources student might be creating online learning modules for new hires.

Serial entrepreneur Jon Bischke, currently CEO of San Francisco-based Entelo, a tech recruiter, said interns better arrive ready to hustle.

"Companies in Silicon Valley are growing faster than literally any companies anywhere since the beginning of time," he said. "The energy is palpable and for people who appreciate fast-paced environments, you won't find anything faster than what's going on in Silicon Valley right now."

But there is an effort to keep hours reasonable, and many said East Coast financial sector interns work longer hours for less pay.

"We believe in paying for work and paying our interns, full stop, but we don't believe in making interns work all hours of the day unnecessarily, and think there are lessons to be learned in terms of managing time and workflow," said Google spokeswoman Meghan Casserly. Overtime is allowed, however, for projects that warrant it, she says.

Chris Crawford was 18, a student at University of California, Santa Cruz, when he landed his first internship at nearby Cupertino-based Apple. He spent the next five summers interning at Apple, two in public relations, three at iTunes.

"I love Apple technology, I'm a musician and I loved what they were doing in the music industry, and I got real life business experience there," says Crawford, who went on to launch his own startup, Loudr.fm, in 2009, an online service where musicians can sell cover songs and original music to fans, or through iTunes, Spotify, Google Play and other sites.

Now and then, he says, their little firm of eight even gets an intern.

Google's head of global staffing Kyle Ewing says the biggest misconception about their interns is that they are all computer scientists from elite universities. Instead, Google, and many other firms, have outreach programs to both diversify their workforce and provide opportunities for non-technical students.

As for the new class of interns, thousands of them, Ewing says she expects them to be tackling major challenges as they sip their sparkly water over the next three months. "Our hope is that we can offer a job to anybody who has a successful summer," she says. "We have a very, very successful pipeline."

___

Follow Martha Mendoza at https://twitter.com/mendozamartha

 
Update
2

8 weeks 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 t ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

8 weeks 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 tragedies of MH370 and MH17 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

Doctor who attended Ebola-infected nurse discharged from quarantine
Madrid, Oct 27 (IANS/EFE) Juan Manuel Parra, the emergency doctor who attended Teresa Romero, the Spanish nurse who was infected with the Ebola virus, was discharged Monday from Madrid's Carlos III Hospital, where he was kept in quarantine for 21 days.
 
 
Australia to stop visa requests from Ebola-affected countries
Sydney, Oct 27 (IANS/EFE) The Australian government has stopped visa requests from Ebola-affected countries to help prevent its outbreak in the country, Immigration Minister Scott Morrison told Parliament Monday.
 
 
Only two people remain in hospital after Spain Ebola scare
Madrid, Oct 27 (IANS/EFE) Ten people were discharged Monday from the Carlos III Hospital in Madrid where they were in quarantine, after they showed no signs of the Ebola virus at the end of the 21-day incubation period.
 
 
Ebola co-discoverer: Crisis avoidable by acting early
Hong Kong, Oct 27 (IANS) Peter Piot, co-discoverer of the Ebola virus in 1976, said here Monday that the lesson that people should draw from an Ebola crisis was that it could be avoidable by acting early.
 
 
 

Latest from the Network

Reinartz out for three months with eye injury
Berlin, Oct 27 (IANS) Bundesliga side Bayer Leverkusen will be without their defensive mid-fielder Stefan Reinartz for three months as he fractured his eye socket. The 25-year-old German, who has earned three...
Read more on Sport Balla
 
Pakistan PM urged to probe London rally incident
Islamabad, Oct 27 (IANS) Pakistan Peoples Party (PPP) leader Rehman Malik urged Prime Minister Nawaz Sharif to probe a Kashmir rally incident in London, where Bilawal Bhutto was forced off the stage, media reported...
Read more on Politics Balla
 
Google employee held for 'cyberstalking'
New York, Oct 27 (IANS) A 23-year-old Google employee has been arrested for allegedly cyberstalking a former classmate, a medai report said. According to a San Francisco Chronicle report, Nicholas Rotundo, an internal...
Read more on Politics Balla
 
Indians in Washington celebrate Diwali
Washington, Oct 27 (IANS) The Indian community in Washington celebrated Diwali with the Indian ambassador S. Jaishankar noting how the festival has become part of Indian American community's presence and profile in the...
Read more on Celebrity Balla
 
Astronomers produce first images of exploding stellar fireball
Washington, Oct 27 (IANS) The expansion of thermonuclear fireball from a nova that erupted last year in the constellation Delphinus was more complicated than the simple models used previously would have predicted,...
Read more on Business Balla
 
Paul Allen Donates At Least $100M to Fight Ebola Virus
Paul Allen has just made himself a certified crusader against the deadly Ebola virus.Allen, the Portland Trail Blazers and Seattle Seahawks owner, pledged to donate "at least $100 million" to Tackle Ebola. He wrote a...
Read more on Sport Balla
 
Spanish La Liga standings
Madrid, Oct 27 (IANS) Following are the Spanish La Liga standings after Sunday's matches (tabulated under matches played, won, drawn, lost, goals for, goals against, points), according to Xinhua. Barcelona 9...
Read more on Sport Balla
 
China stocks open lower
Beijing, Oct 27 (IANS) Chinese stocks opened lower Monday with the benchmark Shanghai Composite Index opening at 2,293.57 points, down 8.71 points or 0.38 percent. The Shenzhen Component Index opened at 7,881.01, down...
Read more on Business Balla
 
Italian Serie A results
Rome, Oct 27 (IANS) Following are the collated results of Italy's Serie A matches Sunday, according to Xinhua. Chievo lost to Genoa 1-2 Juventus bt Palermo 2-0 Udinese bt Atalanta 2-0 Cesena lost to Inter Milan 0-1...
Read more on Sport Balla
 
China mulls scrapping death penalty for 9 crimes
Beijing, Oct 27 (IANS) Chinese lawmakers are considering to remove the death penalty for nine crimes, including smuggling weapons and nuclear materials. The draft amendment to the Criminal Law was submitted Monday to...
Read more on Politics Balla