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Illustration: Annelise Capossela/Axios

In the past year as the pandemic raged on, some of the world's most valuable companies continued to grow and compensate their workers well above national medians — interns included.

Driving the news: Workplace review platform Glassdoor published its 2021 report today on the 25 highest paying U.S. internships.

  • Tech companies once again dominated the list, taking up 16 spots.
  • Banks made the list six times, and energy companies show up twice.

Why it matters: Internships offer companies a wide recruiting pool to fill full-time hiring pipelines — and in tech, the need for fresh talent is so acute that companies often have to outspend one another to be competitive.

Topping Glassdoor's list this year in median monthly pay:

  • Nvidia, $8,811 ($105,732 yearly)
  • Facebook, $8,023
  • LinkedIn, $8,009
  • Amazon, $7,954
  • Salesforce, $7,710
  • Rounding out the top 10 are Capital One, Microsoft, Uber, Google and ExxonMobil.

For context: Top internship pay growth is outpacing the growth of national median income and earnings by a significant margin.

  • Median household incomes in the U.S. grew 6.8% to $68,703 in 2019, while median earnings for workers 15 and older grew 1.4% to $41,537.
  • The top median monthly pay for interns grew 10% from 2019. (Glassdoor publishes this list every other year, and Facebook topped the previous list at $8,000.)

Worth noting: Nvidia ranked second on Glassdoor's top-paying companies in 2019.

  • Tesla shows up on this year's highest-paying internship list at 24 with a median monthly pay of $5,348 and is flagged as going through a hiring surge right now.
  • The spread between the top spot on this year's list versus the 25th spot, occupied by Cisco Systems, is $3,463 or $41,552 on a yearly basis.
  • Many Big Tech internships went virtual last year amid the pandemic shutdowns.

Yes, but: While these numbers may be enviable, some 40% of internships at for-profit companies are unpaid because many employers still view summer internships as a "rite of passage."

Go deeper

Bernie Sanders: U.S. must recognize that "Palestinian rights matter"

Sen. Bernie Sanders. Photo: Stefani Reynolds via Getty Images

The United States must encourage an immediate cease-fire in the Middle East and adopt an "evenhanded approach" that recognizes Palestinians and Israelis have a right to "live in peace and security," Sen. Bernie Sanders (D-Vt.) wrote in a New York Times opinion on Friday.

Driving the news: Violence escalated this week after Israelis intensified efforts to evict Palestinians from their homes in Jerusalem. Hamas fired rockets and Israel massed troops, leaving more than 125 Palestinians and seven people in Israel dead.

3 hours ago - Technology

Exclusive: Uber makes new hire, launches anti-racism campaigns

Illustration: Aïda Amer/Axios

Eager to show progress on the pledge to make its platform and business anti-racist, Uber on Friday announced new anti-racism driver and rider campaigns, as well as fresh internal hiring practices, Axios was first to report.

Why it matters: Uber is one of the biggest ride hailing companies in the world. Its decisions impact the millions that use the platform, where drivers and riders alike say they have experienced racism.

Ex-Gaetz associate admits to sex trafficking, will cooperate with federal prosecutors

Rep. Matt Gaetz (R-Fl) speaks during the "Save America Summit" at the Trump National Doral golf resort on April 09, 2021 in Doral, Florida. Photo: Joe Raedle/Staff via Getty Images

Joel Greenberg, a former associate of Rep. Matt Gaetz (R-Fla.), has agreed to cooperate with federal investigators and admitted to a variety of federal charges including sex trafficking a minor, the New York Times reported Friday citing court papers.

Why it matters: Investigators believe Greenberg introduced women to Gaetz for paid sex and are looking into the Florida congressman's alleged sexual relationship with a 17-year-old girl. Greenberg could be a key witness as federal prosecutors decide whether to charge Gaetz.