Fun fact: Jane Street interns get paid $96 / hr. They're one of the top paying internships! https://www.levels.fyi/internships/
That is high pay - you interrupted my expected post of saying other companies pay well. Most big companies (faangs but not just them) I've worked in have paid interns pro-rated wages slightly below a minimum starting pay, so maybe the equivalent of 75k. But 96/hr is 200k annually. I agree that's very high pay for an intern. Do they pay beginning devs that much? And the next step is how much for a regular experienced…
New grads start at ~$388k/yr. Every grad gets the same baseline offer.