For EmployersSalary Guidelines
Jump to a Section
For Co-op Students
It is recommended that employers pay their co-op students a percentage of the entry-level salary of a Bachelor's-level engineer. It is not advisable to overpay or underpay co-ops in relationship to the rest of the employer's work force.
We recommend the following salary guidelines for co-op students:
- First work period co-ops are paid 60 percent of the entry level wage
- Salary increased to 70-75 percent for the second and third work periods
- In the final work period, it is recommended that co-ops be paid 80-85 percent of an entry-level salary
- Co-op students hired full-time after graduation are typically paid more than the average entry-level salary due to their additional experience
This plan allows the employer to make a significant increase in salary to the co-op student upon graduation and still be within their existing pay scale.
Raises
Co-op raises are typically given at the beginning of each work term. An analysis of our active employers indicates that co-op raises tend to occur in one of two ways:
- Employers with large co-op programs have established pay rates for sophomores, juniors, and seniors. Raises are not given until enough course work is completed to move the student to the next class standing
- Most co-op employers tie co-op pay increases to the completion of additional coursework
It is our recommendation that co-op students receive pay increases at the beginning of each work term, not each work quarter. We do not recommend pay increases midway through a 6-month work term. Our 6-month work terms approximate semester work terms and there are no pay increases midway through a semester work period.
Salary Information for Northwestern Engineering Students
- Salary Information for McCormick Undergraduate Co-ops
- Salary Information for McCormick Undergraduate Interns
- Salary Information for McCormick Graduate Interns
Intern and co-op salaries vary greatly depending on major, year of study, industry, location and other factors.