How much can you expect to earn on an internship?

July 24, 2007

The answer is $15.99 according to a survey from the National Association of College and Employers. That’s the average hourly wage to an intern at the bachelor’s degree level. And if you’re an engineer in the making, you’re in luck as you have the highest average—$17.12 an hour.

That is, if you’re paid — these numbers are only averaging paid internships. It is a reminder to all unpaid interns of what their opportunity cost is: $15.99 an hour, $128 a day, $640 a week and $2750 a month. That’s 2.7 times the recently hiked minimum wage.