Internmatch 2014 Intern Report

INTERNMATCH 2014 INTERN REPORT Over 9,000 respondents from universities across the nation INTERNSHIPS ARE THE NORM 97.6% of interns recommend them to other students 68.9% of seniors have done one or more internships 68.5% of students believe they should be mandatory 58.9% of students complete their firstinternship by end of their sophomore year 39.3% of graduates have done two or more THE STUDENT JOB MARKET Only 16.6% of seniors have received full-time job offers as of April 30th, 2014. Students who have paid internship experience are 3X more likely to get a full-time job offer than students who have only done unpaid internships. Students who have done more than two internships are 2X more likely to get a full-time job offer than students who have only done one internship. of students held a paid side job while 72.6% in college. Doing internships and doing side jobs are inversely correlated. Seniors go to big lengths for jobs: 76.4% are willing to move. 747% are willing to do another internship if it helps get a foot in the door. WHAT MILLENNIALS WANT IN INTERNSHIPS 67.4% 66.3% 51.5% 49.2% 48.8% 47.4% 30.8% 29.7% 27.1% 25.2% 23.8% 14.8% 13.3% 10.7% 8.9% 8.4% Opportunities for long-term career advancement Relevance to my major /minor Access to executives and mentorship Work-life balance Clearly defined assignment Receiving compensation Diversity Flexible hours Prestige (company is a well- recognized name) Community involvement Close promximity to home After work activities (sports team, happy hours, etc) "Green" company Ability to work from home (off-site) one day a week Casual dress policy Ability to use personal social media while in the office Women prefer more work-life balance: 46.9% VS 50.9% Students say a good length for an internship is: 0.4% 11.9% 61.6% 26.1% Less than 1 month 1-2 months 2-3 months 1 More than 3 months (Older students prefer even longer internships) Students want to work at midsize companies: 42.5% 18.6% 4.9% midsize large startups 20.2% 14.1% multinational small Students want to work at for-porfit companies: 67.1% 19.1% 13.8% - Ш for-profit non-profit government Government jobs are most interesting for: 23.6% 19.9% 20.4% African American Hispanic students community college students students Tech is more popular with men: 43.1% 19% FIRST PICK SIXTH PICK of men say tech is their top choice. of women say tech is their top choice. M Top 5 0 5 Industries for: Tech Marketing / PR Government Community Organizations Marketing / PR 4 Consulting Banks/Finance Healthcare THE UNPAID INTERNSHIP DEBATE 48.3% of internships were paid this year. Students say fair wage is: $12.45/hr ЛИ Fair internship wages by region: MIDWEST NORTHEAST $12.11 $12.37 $13.21 $I1.96 WEST SOUTH Expected pay by year in school: 1st & 2nd O0000000000000000000 SII.35 JLJLLJL ELJLJLL year Juniors Oe D000o S12.00 Seniors D0000 SII.63 Grad Students p000000 $15.15 Men are much more likely to get paid a l at their internship: 60.6% 40.2% M Vs ask for salary of ask for salary of $14.00/hr SI.15/hr Getting paid is more important as students get older: 40.2% 48.9% 52.7% Freshmen & Seniors Gradute Students Sophomores HOW THE ONLINE GENERATION FINDS INTERNSHIPS Top Tools Used B. N Students Who Found Internships sites: Google 48% Friends 43.3% Family Member 36.5% Internship Sites 36.1% of students use social media in their internship search. Of these 67.2% Over 2/3s use these tools for search and 65.2% in& use it to network. →C (Dp www.tommatch com 84% John Handcodk of students use an online profile with the two most popular being LinkedIn & InternMatch. Personal Networks Still Make a Big Difference: Students who tried to get an internships (but couldn't) 1 Students who found an internships Friend Connections 46.3% 49.9% Family Connections 32.6% 39.7% Alumni Connections 19.5% 21.6% brought to you by LookSharp powering InternMatch Sources: http://offers.internmatch.com/2014-Annual-Intern-Report.html