May 20 2009

Why Corporations can’t use money alone to tempt smart young folks…

Published by at 12:02 pm under Uncategorized

Last Wednesday, I spoke on a SD Forum panel about “College Students & Technology”. Our moderator, Josh Lowensohn, asked about our thoughts on startups, gadgets, dealing with online distractions, how companies should recruit college students, what we did to land killer internships, etc.

During the Q & A session, June Bower from Cisco asked, “How much does money matter when college students are considering an internship or a job?”

monopoly money college students

Throughout the panel discussion, we had simply ignored the topic and focused on learning experiences and acquiring brand names for the resume… When June asked the question, I gave a non-specific answer that money mattered, but not that much.

But the truth is, money matters. A lot. One of my life goals is to give away $1 million dollars, and I think about it fairly regularly. Also, if I ever choose to bootstrap a business or do more traveling, I need to accumulate some savings…

Every single mentor and advisor of mine says, “At this point in life, value experience far higher than money. For internships and entry-level jobs, the salary spread is low enough that the long-term value of experience will more than compensate for a low-paying job.”

Here’s the simple answer: Because I value money so highly, the long-term earning potential of experience far outweighs immediate salary.

Already, I’ve seen my low-paying, high-learning internships pay off in really neat opportunities.
(Note: Low-paying, low-learning internships are the most common. Never take those!)

4 responses so far

4 Responses to “Why Corporations can’t use money alone to tempt smart young folks…”

  1. voiceover workon 06 Dec 2014 at 2:42 pm

    Almost all individuals understand which a great internship expertise on their cv presents these people an advantage more than the associates without having that expertise. The internship developed into some sort of transforming position inside lives of the many successful people.

  2. documentary historyon 16 Dec 2014 at 7:10 pm


  3. write a manuscripton 19 Dec 2014 at 6:50 am

    În nuvela poate deschide o lume întreag?, lumea sufletului, spa?iul din interiorul omului. De exemplu, povestea "Student", s-ar p?rea – un mic poveste de dou? pagini despre ceea ce se poate spune? Despre multe lucruri: despre un om în c?utarea calea vie?ii sale r?t?cind în întuneric, dar tinde la lumin?, ?i dup? ob?inerea credin?? l-au g?sit – disecarea linia orizontului a zorilor. – Simbolist, v?zând scânteia în fiecare persoan?. De asta îl iubesc.

  4. accounting answeron 22 Dec 2014 at 8:20 am

    Monopolistic business does not always coincide with our interests! You need to look at the possibilities of the company and its own goals!

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