Those 1% are worth every penny, but you simply don't know who they are until you give the entire intern class the opportunity to demonstrate their abilities.
Those 1% are worth every penny, but you simply don't know who they are until you give the entire intern class the opportunity to demonstrate their abilities.
They are almost never worthless. Small startups who are not experienced with interviewing may get a few bad apples, but companies like Quora (and the others on the list in submission article) don't make those mistakes. Sure, they may not all be Alex "Im-a-core-dev-for-Pypy" Gaynor's, but generally they'll be worth every penny of that 90k and another 90k more.
http://www.quora.com/What-percentage-of-Google-Interns-get-f...
I really doubt this number. Rehire rates are an important consideration for college students, and they talk. An offer rate below 50% would be damaging.
That said, a lot of people find better offers elsewhere, but no tech company is going to no-offer 90% of its interns and keep its reputation intact.