NACE, The National Association of Colleges and Employers, the governing body of many Career Services and hiring managers, has issued its newest statistics on the importance of the internship.
Following are some highlights from the 2008 NACE Experiential Education Survey:
- The percent of interns receiving full time job offers as a result of their internships increased from 56.9% in 2001 to 69.6% in 2008.
- The percent of interns converted to full time employees (those offered jobs that accepted) has increased from 35.6% in 2001 to 50.5% in 2008.
- “High-Touch” activities are rated as the most effective recruiting methods in filling internship positions and are also the most widely used. Participating in career fairs, recruiting on campus, and getting referrals from interns lead the list of the most widely used and effective recruiting techniques.
- The paid internship is a nearly univeral practice among respondents to the survey…More than 99% of respondents reported paid internships within their organization. (This is true here at The Fox School as well. Many of our internships pay between $15 and $23 an hour! The national average is $16.33 per hour.)
- The most widely applied benefit for interns is the copmany-sponsored social event. 2/3 of respondents indicated underwriting such activities for their interns.
- 1 out of 2 employers provides their interns with paid holidays and 45% provide some level of relocation assistance.
As you can see from the above statistics, there is a lot of proof as to the importance of the internship and how it can lead to a full time job offer. Remember, many employers use their internship program as their feeder for their full time college hiring. For these employers it is difficult to be hired out of college, if you dont have previous internship experience at their organization!
If you are still interested in a summer internship, check FoxNet! We still have a lot of great internship opportunities for students interested in interning this summer.