College Students Get Insane Salaries for Tech Jobs and Internships
Move over Wall Street, the highest pay jobs are now found in the offices of Silicon Valley. There is a real shortage for talents students with technical skills and the demand only continues to grow as more money flows into tech companies. To get insight into college tech jobs and salaries, we found this great project that Jesse Collins, an undergraduate computer science student at Purdue University, has been doing to collect salary information from students with job offers.
When we saw the numbers, we were blown away by the six figure salaries and BMW-sized signing bonuses. Just how crazy have these salaries become?
— Jesse Collins (@jtc_au) December 2, 2016
See the actual results from his survey here.
Some fast stats from Collins work on college tech jobs: according to 19 survey respondents so far, Facebook is offering an average annual salary of $109,526 with a massive signing bonus of $79,737 for employees in technical roles like iOS or full stack developer, or software or network engineer.
By comparison, according to 31 survey respondents, Google is paying recent graduates in tech roles an average of $107,000 annualized salary with an average signing bonus of $27,327.
And Microsoft was offering new grads a $107,455 annualized salary with a $26,591 signing bonus, according to 22 respondents.
In an article from TechCrunch, it was reported that Collins began his survey last year, asking recent tech hires and interns what offers they got and from which companies, as well as for a bit of personal information, including their educational background and gender.
He says, “I’m interested in bringing transparency to job searches and salary negotiations overall, and hope that the data…will help prevent racial bias, a gender wage gap and the like.”
With these sky-high salaries, the competition for college tech jobs will only continue to heat up. Don’t forget to check out MindSumo challenges as a way to differentiate yourself from the crowd. We have great contests for students who love tech with companies like Amazon, Facebook, and Cisco where you can win cash for your skills and even land a college tech job!