I don't know of any CS students at my university that are taking minimum wage this summer. All the places I interviewed at had a floor of about $20/hr.
Since the ad stated that they want students from very good universities, I can't imagine their prospects would be worse.
That said, if someone takes this position, they will get far more experience than working most other gigs.
It's not necessarily a bad offer, though the ability to obtain food and shelter are usually factors I consider in my job search. However, I think the comparison to minimum wage or unpaid internships is invalid. We ain't Poli Sci students.
I'd agree with you. I don't know much about cs students, but engineering internships usually always pay. While looking for engineering internships the range seemed to be between 12 and 20 an hour.
I have offered to work for free, but whenever I have done that, I have been informed that the internship paid. Also, I have only volunteered that when the internship was close to home. I understand that the startup might not be able to afford to pay, but I don't really know how affordable it would be for me to volunteer and have to pay for food, housing, and transportation.
The offer would be a whole lot more attractive if you offered housing, even if housing was just sharing a room with another employee.
Ok, just for the record: $12-$20/hr is about the range I'm arguing internships seem to land. The original claim was that interns should be making $5k/mo.
I agree with you that the big thing missing here is housing. On the other hand, if you mostly plan on picking up locals, housing doesn't matter. We pay interns, but we still end up with Chicago and NYC people for the same reason.
I just reread my post. I was referring to the startup not paying, not anyone else.
I agree with you. Royalty is a very surprising offer. But their most competitive applicants will probably be local. I don't really know how to judge the expected worth of the royalty, and the cost seems like it would be expensive for anyone not local.
Let's stipulate that there is a CS student profile that clearly would not be interested in an unpaid internship, and move on from that rathole.
This thread has already produced one apparent example of a high-profile internship that pays less than $20/hr: Joel Spolsky's Fog Creek. I could name three well-known companies in my space that also pay less than that. I believe you that there are lots of internships that pay $20+/hr, but $20/hr is still pretty far from $5k/mo.
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I don't know of any CS students at my university that are taking minimum wage this summer. All the places I interviewed at had a floor of about $20/hr.
Since the ad stated that they want students from very good universities, I can't imagine their prospects would be worse.
That said, if someone takes this position, they will get far more experience than working most other gigs.
It's not necessarily a bad offer, though the ability to obtain food and shelter are usually factors I consider in my job search. However, I think the comparison to minimum wage or unpaid internships is invalid. We ain't Poli Sci students.
I'd agree with you. I don't know much about cs students, but engineering internships usually always pay. While looking for engineering internships the range seemed to be between 12 and 20 an hour.
I have offered to work for free, but whenever I have done that, I have been informed that the internship paid. Also, I have only volunteered that when the internship was close to home. I understand that the startup might not be able to afford to pay, but I don't really know how affordable it would be for me to volunteer and have to pay for food, housing, and transportation.
The offer would be a whole lot more attractive if you offered housing, even if housing was just sharing a room with another employee.
Ok, just for the record: $12-$20/hr is about the range I'm arguing internships seem to land. The original claim was that interns should be making $5k/mo.
I agree with you that the big thing missing here is housing. On the other hand, if you mostly plan on picking up locals, housing doesn't matter. We pay interns, but we still end up with Chicago and NYC people for the same reason.
I just reread my post. I was referring to the startup not paying, not anyone else.
I agree with you. Royalty is a very surprising offer. But their most competitive applicants will probably be local. I don't really know how to judge the expected worth of the royalty, and the cost seems like it would be expensive for anyone not local.
Let's stipulate that there is a CS student profile that clearly would not be interested in an unpaid internship, and move on from that rathole.
This thread has already produced one apparent example of a high-profile internship that pays less than $20/hr: Joel Spolsky's Fog Creek. I could name three well-known companies in my space that also pay less than that. I believe you that there are lots of internships that pay $20+/hr, but $20/hr is still pretty far from $5k/mo.
> pays less than $20/hr: Joel Spolsky's Fog Creek.
$750/40 = $18.75
plus
free meals =~ $100/week, so now we're up to $21.25 an hour
plus
free nyc housing =~ $200/week, so now we're up to $25.25 an hour.
That's a good point.