It’s already the end of April and for many of the university students I’ve been conversing with over the last week or so they are about to start or finish finals. If they’re lucky or worked hard at it, they’ve either already found an internship for this summer or already secured their first job post graduation. If they haven’t, time is quickly becoming their enemy.
According to the 2014 Internship & Co-op Survey by the National Association of Colleges and Employers:
- 96.9 percent of responding employers plan to hire interns and/or co-op students in 2014.
- 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.
- 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.
- Employers made full-time offers to 64.8 percent of their interns
- 79 percent of interns accepted a full-time job offer with their internship employer
For parents this may be eye-opening, for students this may be completely new news.
My professional job deals with hiring both interns and soon to graduate university students in Computer Science fields, so some of the statistics are a bit different, but none of the information is surprising.
When I was studying at my university I always held a part-time job and didn’t know many people who had serious internships, let alone paid internships and since I always had a job it was hard for me to fathom going somewhere to gain experience without a paycheck. Times have changed though and the greater majority of what I refer to as legitimate internships are not only paid, but offer experiences and learning opportunities far beyond getting someone’s coffee.
So, if you have a student in your life have a frank conversation with them and make sure that they are planning out their summer breaks in such a way that it will benefit them in the long run and encourage them to take internship shopping seriously. I promise it will benefit them so much more than just getting a job for extra cash.