Interns prefer Google and Facebook over Goldman Sachs and J.P. Morgan even though the latter once topped the list.
Each year, the likes of Goldman Sachs and J.P. Morgan are knocked further down the ranks by yet another tech company. The latest rankings from Vault.com tell the story. Tech companies now occupy the top four spots on the list of the most prestigious internships. Google, Apple, Facebook and even Microsoft have overtaken Goldman Sachs, which ranked fifth, down one spot from a year ago and two compared to 2016. Meanwhile, J.P. Morgan, the second highest-rated bank on the list, has fallen from 5th to 8th over the last three years.
Probably because interns these days prefer friendly work environment with less work pressure and learn real work. Working for long hours under high pressure totally drain their brains, nothing is left at the end of the day and no productive work can be done.
Here is the story from latest ranking from Vault.com
Interns say that Google offers a compensation package that rivals any other program. Interns rave about the interesting and very real work that they do. “The company trusts its employees (even interns) with A LOT of confidential information,” one former intern said on Vault.
A former intern at glassdoor mentioned that workplace of Google is just like the college campus where you get free food, lots of breaks and pretty laid back.
Compensation for interns at Facebook is similar to that of Google. Interns continually talked about how they felt they were creating real value- working within small teams while being given the level of independence many didn’t expect.
These are the things what they expect from their workplace unlike what they are now experiencing in JPM or Goldman Sachs. Though are advantages of working with JPM and Goldman Sachs, not everything is bad.
J.P. Morgan and Goldman Sachs got some different reviews by the interns working there.
One Goldman Sachs intern called the program “second to none” and “the best educational experience of my life,” but also noted the “intense hours” – typically 14 hours per day – and the high-stress environment. “The internship is called a ‘10-week interview’” they noted.
One intern said-‘ wish there were few more office perks like at tech companies.
The sentiments were similar at J.P. Morgan. One London intern called the internship “brilliant” and the culture “amazing,” but still complained about the long hours. “Hard to balance work and life,” said a current intern in New York who likewise gave the program a top rating.
Some reviewed “You work hours that end up making you sad.” “Think carefully about whether you want to sell your soul away.”
Interns these days demand a work environment where they can chill and work. Working with a free mind without any pressure always tend to work efficiently.
Geeting free food, playing games, chilling with co-workers, having short tea breaks makes the workplace look like a college campus and the interns can work with a happy mind without any pressure.