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07-08-2014- Marketplace- The $6,000 Intern

Tuesday, July 08, 2014

After a blaze of success that propelled it into going public, the Crumbs cupcake company is going out of business. We look at the object lessons that other one-product businesses might take from the Crumbs saga. Plus, a new report looks at grads who came out in the early days of the recession and concludes they’ve done just fine. They have, but only because they got in before things really hit the fan. We look behind the numbers. Also, seems Silicon Valley interns get paid a lot of money. Like, six grand a month, in some cases. What do they do to make that kind of cash, and why would any company want to pay an intern that much? We report.  

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Comments [2]

McGuan from Princeton, NJ

Average salary for a 6-month internship for students attending Drexel University is $16,000. Students have an opportunity to complete three 6-month work programs (co-ops) for various companies.

Jul. 11 2014 06:43 PM
counterblast from NYC

What do Crumbs going out of business and the $6,000 per month intern have in common? Clearly we no longer know the value of anything and believe in he hype of all things. This is what America has become: we now have a NYC chain called Financier Patisserie--how long do you think this overpriced cafe is going to last? Add to this all the juice and yogurt bars. We can no longer support book stores in NYC--and you best forget any university level bookstores but there is more than enough money to waste on taking the most modest of things and finding ways to overcharge you for it. What does this tell us? We have become a nation of scams and tricks--from cupcakes to Wall Street to Universities to Government. Trust nothing. Reject everything.

Jul. 09 2014 07:20 PM

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