“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:
- NACE’s Salary Surveys at http://www.naceweb.org.
- California Bureau of Labor Statistics at http://www.labormarketinfo.edd.ca.gov/data/occupations-data.html.