How The Average Wage For Interns In Maryland Compares To Other States

By Samuel Stebbins, 24/7 Wall St. - Baltimore

2023-03-06

A majority of employers end up offering full-time jobs to their interns, according to a survey by the National Association of Colleges and Employers. In fact, about 70% of interns land a job with their employer after their internship is over. Major companies, including General Electric, Lockheed Martin, Goldman Sachs, IBM, NBCUniversal, and all of the Big Four accounting firms, are known to hire a large percentage of their staff directly from their pool of interns.

Depending on the target industry, an internship could be a crucial step in landing a job, especially for those fresh out of college. However, the financial viability of interning can be a gamble, as internships tend to vary wildly in their pay rates – with many offering little to no compensation. (Here are the highest paying jobs you can get without a college degree.)

According to career search website Zippia, the average hourly wage for interns in Maryland stands at $16.91, the 15th highest among the 50 states.

Meanwhile, a recent report from online lender CashNetUSA found that 7.8% of all internships in Maryland were unpaid as of August 2022, the 20th smallest share of all states.

Click here to see a full list of the states where interns can make the most money.

To determine these rankings, CashNetUSA reviewed internship salary data from more than 100 U.S. industries. Average hourly pay for paid internships in each state was sourced from Zippia.

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This story was originally published by 24/7 Wall St., a news organization that produces real-time business commentary and data-driven reporting for state and local markets across the country.