Are Internships Overrated?
Are Internships Overrated? A Comparative study of starting salary for recent college graduates without internship experience and those with at least one internship while in college. intern non-intern Transition from college to career Job Offers 30% 58% non-Interns Interns Non-Intern Intern 100% 90% 1960-1970: internship not a job requirement 75% 1985: only 2% graduates preferred internship 2000: internship applications increased by 75% 2003: jobs required double internships 2004-2011: jobs require at least 3 to 4 internships 0% 1960 1985 2000 2011 at lyear Average Retention Rate One and Five year retention rates for college hires who were interns vs. college hires who never served an internship. at 5 years 76% 70% 55% 61% 49% 144% Interns working at employees organization Interns working at other organization Non-Intern 70% Interns are more likely to be hired as full-time employees with Median Starting Salary (2011) Intern 46,000$ Non-Intern 34,600$ any company. Sources: www.naceweb.org | blog.timesunion.com | Journal: Determinants of Graduating Student Starting Salary in Boom and Bust Markets by J. C. Sandvig.C. K. Tyran, and S. C. Ross | college.monster.com | internships.about.com : 6.3 months 2.5months
Are Internships Overrated?
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