According to a recent survey by the National Association for Colleges and Employers, 75% of employers prefer to hire applicants with relevant work experience. Where can you get relevant experience? Internships! Landing an internship is a chance to apply your knowledge in a real world situation that gives you a taste for an industry you may be interested in pursuing after graduation. Internships can be paid or unpaid and you can seek opportunities locally, nationally, and internationally.
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NACE Benchmarks from 2014 Internship Survey
- 96.9% of responding employers plan to hire interns and/or co-op students in 2014.
- Recruiting new hires is the primary focus of internship programs by 77.6% of employers and co-op programs by 62.6% of employers.
- 62.3% of an intern/co-op’s time is allocated to analytical, problem-solving, and project management-related tasks.
- Recruiters prefer high-touch recruiting methods for intern/co-op recruiting.
- Career fairs and on-campus recruiting comprise more than half of employers’ recruiting budgets for interns and co-op students.
- Career fairs and on-campus recruiting are rated highest in effectiveness for recruiting interns and co-ops.
- Employers choose schools for recruiting interns and co-ops based on academic majors offered, perceived quality of the programs, and past recruiting experience at the school.
- Employers reported that 97.5% of their internships would be paid in 2014.
- The average hourly wage for interns at the bachelor’s degree level is $16.35.
- The average hourly wage for interns at a master’s degree level is $22.50.
- The most frequently offered benefits include planned social activities, paid holidays, and recognition for work service time.
- Employers made full-time offers to 64.8% of their interns; 56.8% of their co-op students.
- 79% of interns accepted a full-time job offer with their internship employer; 82.2% of co-op students accepted a full-time job offer.
- After one year, employers retain about three-quarters of their new college hires who have internship experience.
- After one year, employers retain more than 50% of new hires who completed a co-op program.
Source: 2014 Internship & Co-op Survey, National Association of Colleges and Employers
The Internship Toolkit - Strengthen Your Experience
Career Services offers the Internship Toolkit, a resource designed to help student interns and employers strengthen internships by providing best practices and template forms which can be adapted to help manage internship expectations by recording components of the professional training experience. The Toolkit is available to download only when logged into GauchoLink. Students will find it in their Document Library under the Resources tab; Employers can find their Document Library under the Account tab.
The Internship Toolkit can help students:
- Plan internship details and establish mutual learning objectives with supervisors to promote an valuable experience during the internship
- Facilitate regular communication, ongoing feedback, and encourage training opportunities by recording employer expectations and professional goals of new interns
- Review guidelines that will educate both parties on best practices for a successful internship experience
- Propose internship positions or projects to employers who do not have an advertised internship description; or as supplemental support when pursuing independent research or academic programs
- Provide a framework for discussions with supervisors about recommendations and letters of reference, proposals for increased intern responsibility, or consideration for future employment