u/buttholewax wrote (the comment Michael replied to):
Roughly $1k a week
u/michaelnovati replied · · edited ★ FEATURED
I heard that from one other person now but I thought it was a mistake, that seems low no? People have said it's a very intense full time job and only for the top students. But top alumni are making over $120K salaries, so saying: "you're one of the top students and should be making at least $120K but instead you should do this for $52K a year". I'm probably missing something or factually incorrect about something, so listening for some people that have done it to explain.
EDIT: One theory I had was that I could see it being a great thing to do while job hunting and better than doing nothing, but someone said that they are so busy they don't job hunt (could just be that person 🤷♂️), and it's clear they are expected to do a three month contract and not leave early (which I've heard a few times in various ways but that like any at will, W-2 employment, you can leave early, and fellows have been fired early as well).
EDIT 2: From a business point of view, if people could be getting paid $120K, Codesmith is basically saving $68K a year by employing people as fellows (or from the other side, a Fellow is "paying" an extra $17K) versus hiring someone full time. And if the people do it voluntarily, have a great experience, and are really satisfied, this is a genius win win for scaling the company.