Not a bad offer.
$37,440 is the lowest rate they are offering for that position.
$42,240 is the highest rate they are offering for that position.
I was offered 51k at my internship doing about the same thing. I guess it just depends on what you want your starting pay to be. Unless I was desperate I probably wouldn’t take a job under 40k. With the way the economy is going I just might be in that position soon >.< lol.