What is a fair hourly price to pay an intern?

August 28, 2024
by a searcher from Northwestern University - Kellogg School of Management in Nashville, TN, USA
What is a fair hourly price to pay an intern who is a first-year MBA candidate to help with market research?
from University of Pennsylvania in San Juan, Puerto Rico
On the lower end, off-semester internships can be "free" or based on fixed project fees for discrete projects payable on completion. I've seen this go as low as $2K/project to $40K. If there's mentorship/exposure/flexible/remote/fringe benefits like travel, most are going to be less concerned about a certain hourly rate. If you would like to go hourly, I'd estimate the amount of hours for the project in advance.
from Texas Christian University in Fort Worth, TX, USA