Compensating Interns

“How much should I pay an intern?” is a common question for employers.  The National Association of Colleges and Employers has provided a scale to assist in setting compensation levels.

Level in School Pay Rate
Freshman 60% of pay rate for a new graduate
Sophomore 67% of pay rate for a new graduate
Junior 75% of pay rate for a new graduate
Senior 80% of pay rate for a new graduate
Graduate student 75% of pay rate for a new graduate with a graduate degree

You may also want to review other salary surveys such as: