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Students seeking their master's degree in business will likely make more money interning this summer than those in the average American household.
Poets & Quants revealed the highest median salaries of MBA student interns in 2014 and the numbers are startling. Last year, the highest-paid MBA intern made the annual equivalent of $384,000. (Tweet this)
The Census Bureau estimates that the median household income in America in 2013 was $52,250.
The University of Chicago's Booth School of Business' MBA interns managed a median of $8,200 a month. That's $98,400 annually without sign-on bonuses. Booth's program had the highest median salary for interns, but was closely followed by Columbia, Wharton, MIT Sloan and Dartmouth, with each delivering median monthly paychecks of $8,000.
Read More Finally! The return of summer jobs
Generally, MBA interns work 10 to 12 weeks each summer, which means that many of these students are making almost half of the American median income in a fourth of the time.
Poets & Quants reported that interns at consulting firms brought home a median of $10,600 each month, while consumer product, private equity and manufacturing company interns saw an average of $6,600.
The site noted that big-name universities such as Harvard, Vanderbilt and Stanford likely saw lower monthly payments because students may have opted for experience rather than pay and were establishing long-term employment or accepting opportunities in start-ups.