Silicon Valley's interns enjoy perk-filled summer

Published on NewsOK Modified: June 8, 2014 at 11:08 am •  Published: June 8, 2014
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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.