I'm in Canada and these students allegedly make more money than I do with ~12 years of experience.
There are probably crypto-fintech-medtech jobs out there that pay 500k but we'd never get to the salary part of the conversation because the whole idea feels shady. Security might also pay well but there are too many personalities involved in the domain for me to find out.
it gets better -- twenty years experience and you will make much less again
Those are probably 16-month (effectively fulltime) coop students working at big tech/finance. By senior year some of my classmates were making 10-12k/month.
That's not at all surprising.
It's their intern salary projected on a yearly basis so ~ $9737/month.