AIG Among Companies Offering Highest-Paying Internships

May 11, 2017

With 25 percent of the current insurance workforce expected to retire by 2018, leaving 400,000 open positions for which there are no ready replacements, insurers need to look for ways to entice the next generation into the industry. Internships offer a solution—but only if companies make their programs attractive to candidates.

A new report from Glassdoor reveals the “25 Highest Paying Internships in America for 2017.” Interns at these companies earn a median monthly income ranging from $8,000 (at top-ranked Facebook) to $4,570 (Bank of America, No. 25). Working a full 12 months, their salaries would range from about $96,000 to $55,000—well above the $51,350 median annual salary for a full-time worker in the U.S.

Unfortunately, AIG is the only insurer to make Glassdoor’s list, ranking No. 24, with median annual intern income of about $55,400.

On the plus side, AIG interns give the company high reviews on Glassdoor: 98 percent approve of the CEO; 67 percent would recommend the company to a friend; and the insurer received an overall rating of 3.7 out of 5.

However, full-time employees appear to be less satisfied with the insurer, with the overall rating for the company dropping to 2.9 and only 43 percent saying they would recommend AIG to a friend. Even worse, the CEO approval rating from full-time employees plummets to 41 percent. (See related story, “AIG’s Turnaround Plan Is at Risk Due to Morale Crisis: UBS Analysis,” which revealed that AIG ranked last among 10 insurers rated by their own employees in categories ranging from career opportunities to business outlook.)