THE TRIMODAL NATURE OF SOFTWARE INTERNSHIP SALARIES

Summary from the TLDR Web Dev newsletter

Doing an internship is a great way to start building your future career, but there's something that often confuses people - the fact that software engineer internship salaries are usually split into three groups. By understanding the trimodal nature of internship salaries, you can make better choices about your career path and income expectations. Most internship salaries fall into 3 categories: “most companies” pay $15-30/hour, top big tech, finance, and consulting pay $40-$70/hour, and the top trading firms and hedge funds pay $60-150/hour.