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Fog Creek's Intern Hiring Process

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Re: Fog Creek's Intern Hiring Process

#12
post #7

Earlier quoted context omitted.

(Manhattan prices) A good studio apartment will be $2000-2500 a month. A one bedroom would be $3000+.

Wow, yea now I see why they get payed so much. A solid 2 bedroom around me is like 500-800.

How much are you making if you don't mind me asking? I just accepted an internship in STL and curious where the compensation is around there.

Re: Fog Creek's Intern Hiring Process

#13
post #6
post #2

I have to say the pay is by no way "spoiling". It is no where near the top tier pay (for interns) seen in the industry.

You're correct. While not common, top interns at Amazon A9 can pull ~$35k for the summer.

Are you including the housing stipend in that math? That seems awfully high. I'm @ amazon, getting 6700 / mo, plus 2.5k / mo housing stipend and suddenly feel insecure :-p.

Re: Fog Creek's Intern Hiring Process

#14
post #7
post #5

Earlier quoted context omitted.

How's the cost of living in new york? I'm an intern in michigan and I'm getting way less than 6k a month but I definitely feel spoiled.

(Manhattan prices) A good studio apartment will be $2000-2500 a month. A one bedroom would be $3000+.

Manhattan prices may $2k -$3k +, but you can get a reasonable apartment and commute for $1300 or less depending how far you want to commute daily

Re: Fog Creek's Intern Hiring Process

#16
As someone who did a summer internship last year at an amazing SF company, the pay-scale at fogcreek sounds pretty competitive (read amazing).

$6,000 a month comes to a shade less than $40/hour. Bear in mind that most full time students work only in summers so although considerable federal tax is deducted from this amount, the intern is likely to receive most of it back when filing taxes next year.

Also, catered lunches plus an apartment in NYC plus two amazing events in twice a week (which likely include dinner) means that the only money that needs to be spent is a handful of weekday dinners plus weekend fun, and I haven't even gotten to the thousand dollar signing bonus yet!

Being in college, I knew about 10-12 others who interned last summer in the Bay Area. With most companies in the SF Bay Area you're looking at about $27 to $34 at most large companies in the south bay and $35 to $40 in SF. Plus an hourly pay scale means that interns don't get paid on holidays like 4th of July, Labor Day, or when they get sick (didn't know anyone who got paid monthly instead of hourly in the Bay Area). I haven't heard of housing benefits in the south bay much and heard of only one company in SF that threw in free housing.

(Sorry about a long comment focusing only on the financial aspects of an internship program but it is an important factor that debt-ridden students take into account).

Re: Fog Creek's Intern Hiring Process

#17
post #2

I have to say the pay is by no way "spoiling". It is no where near the top tier pay (for interns) seen in the industry.

A furnished apartment in NYC probably adds a lot to that salary. The unfortunate part is that the cost of that benefit is also considered income and the taxes for it would come out of the $6K. I interned at Microsoft years ago with similar benefits (good salary, furnished apartment, prepaid rental car, relocation costs & 2 gym memberships) but they paid extra cash to cover the taxes on the non-monetary benefits. Ther…

I had the exact same experience with interviews in the Midwest. Nothing rigorous at all, very high offer rate, and about half the compensation. I made a more in-depth comment, but just wanted to note that.

Re: Fog Creek's Intern Hiring Process

#18
This sounds like a great program, I just wish it was offered year-round. Even though I think Northeastern University and Waterloo are the only schools with a completely integrated, well defined Co-op program, it seems like its a growing trend.

I'd assume having year round interns and a continuous recruitment process would be less disruptive to the team's work velocity and give you a bit bigger reach for students too.

Plus, I'm a bit jealous of some of the summer-only internships at a lot of interesting companies. Can't complain about graduating with 18+ months of interesting work experience pretty much guaranteed though.

Re: Fog Creek's Intern Hiring Process

#19
post #18

This sounds like a great program, I just wish it was offered year-round. Even though I think Northeastern University and Waterloo are the only schools with a completely integrated, well defined Co-op program, it seems like its a growing trend. I'd assume having year round interns and a continuous recruitment process would be less disruptive to the team's work velocity and give you a bit bigger reach for students too.…

Second this - I think companies that offer year-round internships set themselves way ahead of the pack and get to choose from a very qualified and talented pool.
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