with a fresh perspective and unique skills is a long-term company investment. An executive summary that summarizes the highlights of the findings. In response to the report, the College of Business surveyed 60 randomly selected students who had an unpaid The Effects of Student Internships on Labor Market Outcomes. Accessed on January 11, 2022. The mean 2015 starting salary for new college graduates in business was $53,901. April 2022. Primary research surveys are administered annually to assist career services and university relations and recruiting professionals in making data-driven decisions; identifying new opportunities; and forecasting for the future. In the US, interns made an average of $2.76 per hour in 2020. 70% of all interns are offered a position at the same company they interned for, and only 20% decline that offer. At least 60% of students in each graduating class since 2013 completed an internship and/or co-op during their time in college. Job Market Uncertain For Future College Graduates. Accessed on October 17, 2021. If the test answers imply the intern passes the criteria for an employee, they are entitled to payment under FLSA and vice versa. Not surprisingly, those who held virtual internships reported that the quality of the networking and interactions with interns typically found in internships suffered. Job Outlook 2023, Percent of students citing Communication as most important competency #jobsNearToYou{display:none;}.noImage-major-hero{display:none;}.major-hero-header-wrapper.w-100{display:none;}@media only screen and (min-width: 800px){.intro-research{}}#jopbTypeEntryContainer{display:none;}p{font-size:16px!important;}. (, have a higher salary expectation ranging from $50,000 to $55,000 per year. A recent survey shows that six out of ten U.S. interns get some form of compensation. (2020 Guide to Compensation for Interns & Co-ops). The Effects of Student Internships on Labor Market Outcomes. This product continues to provide a dynamic way for the NACE community to experience . National Association of Colleges and Employers. People from upper and middle-income backgrounds predominantly filled these positions. Majors: All Business majors (broad category total); Accounting; Business Administration/Management; Finance; Management Information Systems; Marketing; Master of Business Administration. Question: According to a recent National Association of Colleges and Employers (NACE) report, 44% of college students who had unpaid internships received full-time job offers post-graduation, compared to 72% of college students who hade paid internships. Staffing firms can further ease the process by connecting prospective candidates with their preferred employers. In the United States, its estimated that 300,000 people intern each yearand just over 60% of them are paid, contrary to popular belief. The brief also addresses implications for the higher education and employment communities and provides steps to take to ensure the success of students, interns, and employees who engage in virtual and hybrid work environments. The dashboard provides detailed results based along a variety of parameters, including region, company size, and industry. This guidebased on actual wages and benefits provided for 2020-21 interns/co-opsincludes data for average hourly wage by degree, academic major, year of study, industry, company size, and region, plus benefits. The authors explore soft-skill development through internships. Many employers canceled their training programs. NACEs Salary Survey helps hiring organizations make competitive job offers and retain top performers. Since 1987 Rosemary Reed has built Double R into a creative, value-added communications and television/video production firm.Double R serves satisfied clients ranging from major national agencies and Fortune 500 companies to government, local arts and non-profit organizations. $49,309 Yearly. This guidebased on actual wages and benefits provided for 2021-22 interns/co-opsincludes data for average hourly wage by degree . Students feel that their experiential education assignments have a positive impact on their career readiness competencies. View the accompanying 2022 Internship & Co-op Survey Report for hiring projections, conversion, retention, compensation (wages and . 8 1/2" x 11. PDF format. Internships & Salary Expectations Statistics. Allrightsreserved. (, Online attendees were less likely to develop soft skills like networking, public speaking, teamwork, and collaborative skills. Its primary purpose is to enable the skills necessary for any working environment. 15 Best Practices for Internship Programs Excerpted from Building a Premier Internship Program: A Practical Guide for Employers, National Association of Colleges and Employers. National Association of Colleges and Employers. Individuals searching for entry-level work have a slightly better chance of getting hired if they have at least some internship experience. With this report, a comprehensive picture of the compensation package connected with these positions is provided, one that includes not just base salary, but also bonus compensation, salary range, and an array of benefits offered. who wins student body president riverdale. Benefits of Internships. Yet, in the past few decades, much of Share on linkedin Share on twitter Share on facebook In 2023, the U.S. remains the only developed country worldwide that doesn't have a universal healthcare Were making vendor selection a whole lot easier. The five-year retention rate for those with no experience is 29.1 percent. Allrightsreserved. Paid Internship Wages Are The Highest Theyve Even BeenBut Theres A Catch. Accessed on October 17, 2021. Since 2019, when intern hourly salaries stood at $19.54, the rate has climbed by $1.22. (Summer 2021 Salary Survey), Intern - bachelor's degree level: $19.54 (hourly) Internships in higher education. Accessed on January 11, 2022. NACE research shows that disproportionalities exist in terms of race/ethnicity and representation by internship attainment and pay type. Activity-based learning provides practical knowledge beyond education. Glassdoor. analyses of the data. For hires that had no experience, the one-year retention rate is 40.3 percent. An intern also gets the value of working alongside professionals and building a career network. Fee: $550 (member); $830 (nonmember) Purchase now and download it immediately. She holds a Bachelor of Arts degree in journalism from Stony Brook University and currently resides in Franklin, Tennessee. 15. One- and five-year retention rates for employees with internship/co-op experience; Overall hourly wage rates, plus trends in wage rates; Benefits offered to interns and co-ops; and. The data reported here are reflective of what internship and co-op programs became in the midst of the coronavirus pandemic. According to a recent NACE survey, only 8% of intern tasks involved clerical or non-essential work responsibilities, with the other 92% spent on higher-level tasks like data analysis, problem-solving, and logistics. If your organization participated in the survey, or you purchased a copy of the report, you can access the report at MyNACE > Research Reports. LEARN ALL ABOUT NACE MEMBER BENEFITS, The Impact of Undergraduate Internships on Post-Graduate Outcomes for the Liberal Arts, The Impact of Unpaid Internships on Career Development, Average Hourly Wages for 2020-21 Interns, Co-ops Identical at $20.82, Hybrid Model Is Employers Favored Modality for Internships, Intern Hiring Projection Jumps 22.6%, Co-op Hiring Makes Small Gain, Intern, Co-op Hiring Both Down From Last Year, Open the Door: Disparities in Paid Internships, Research: Cold Networking Key to Finding Internships and Jobs, First-Generation Students Underrepresented in Internships, Women Are Underrepresented Among Paid Interns, Racial Disproportionalities Exist in Terms of Intern Representation, Intern Status: Job-Search Timing, Pay Expectations Differ, Job Offers for Class of 2019 Grads Impacted by Internship Experience, Converting Interns, Co-ops Into Full-Time Hires on the Rise, Internship, Co-op Hiring Projections Show Gains, Intern Salaries Up Across All Degree Levels, Years. Intern - bachelor's degree level: $19.54 (hourly) Co-op - bachelor's degree level: $19.76 . If these criteria are followed, it is the opinion of NACE that the experience can be considered a legitimate in-ternship. Just a few weeks into the spring 2020 semester as the COVID-19 pandemic took hold, many employers were forced to convert their summer 2020 internship programs to a remote modality. Rewarding hard work is a significant motivator. What percentage of undergraduates participate in internships? The majority of undergraduates participate in at least one internship prior to or post-graduation. Bureau of Labor Statistics, Mean starting salary, Class of 2021 bachelors degree graduate Allrightsreserved. This role was developed in response to an increasing demand for the use of technology and virtual . According to the National Association of Colleges and Employers, the 2015 mean starting salary for new college graduates in health sciences was $51,541. For co-ops, the offer rate is 50.2 percent, the acceptance rate is 79.3 percent, and the conversion rate is 39.9 percent. Unpaid internships correlate negatively to student salary and employment outcomes, but do correlate to positive outcomes, according to a NACE Foundation study. National Association of Colleges and Employers. National Association of Colleges and Employers. Recent graduates with internship experience are better suited to get college-level jobs, which earn a median salary of $47,470 per year. (, 62.4% of respondents were satisfied with their compensation. Among employers who held an internship during the summer of 2020, approximately 72% did so virtually. Allrightsreserved. Before COVID-19, internship rates were between 50% and 60%. Although most political interns are paid, it should be noted that 76% of paid congressional interns are white and attend private institutions. Given all weve learned about the importance of internships, this is a bad blow for the class of 2020. So, some form of compensation can go a long way for interns. The median starting salary for a college graduate with internship experience is $47,470. Employment statistics show that students graduating in 2021 who had paid internships received an average of 1.12 job offers, while those with unpaid internships received an average of 0.85 offers. (. | Code of Ethics | Refund Policy, National Association of Colleges and Employers, NACE Center for Career Development and Talent Acquisition, Read about our commitment to DEI in the 2022 NACE DEI Annual Report >>, NACE Brief: The Future of Internships and Entry-Level Work, NACE Brief: Intern Demographics and Conversion Rates, MyNACE > Research Reports > 2022 Internship & Co-op Survey Report Product Suite. Employers expect to boost their intern hiring by 22.6% for the 2021-22 academic year, while their hiring of co-ops is up 1.1% this year. ; 31% of interns will do multiple internships before entering full . And, and job seekers, they are also essential for employers. Say Goodbye To Six Figure Starting SalariesWith These Exceptions. Its safe to say that this experiential learning journey gives people an advantage, Behavioral Health & Mental Well-being Companies, Pharmacy Benefit Management (PBM) Companies, Voluntary Critical Illness Insurance Companies, Business Process Outsourcing Providers (BPO). Note: salaries listed are only base salaries; they do not include additional housing, travel or food stipends. The jump in intern hiring aligns with projections for full-time hiring; employers participating in NACE's Job Outlook 2022 . including modality. New graduates identified these as their most sought benefits: Director, Career Services: $78,584 View the accompanying 2019 Guide to Compensation for Interns & Co-ops report for detailed wage and benefit information by major, degree, year of study, company size, industry, and region. On average, 53.2% of all graduating seniors receive at least one job offer. Tech companies rank at the top of the list when it comes to intern payment. feel that their experiential education assignments have a positive impact on For co-op hires with internal experience, the five-year retention rate is 31.6 percent and 28.8 percent for those with external experience. Career Svcs Benchmark & Compensation Combo 2021, 2022 NACE Recruiting & Compensation Benchmarks Combo, 2022 Math/Humanities/Social Sciences Diversity Graduate Profile Report. When reading this report, it is critical to consider the timing for context. Consequently, an internship makes them more assertive about their expertise and salary expectations. This article provides highlights from a study that looks how internships affected outcomes of Endicott College graduates six months and five years after graduation. The report also examines. 16. Of the students with virtual internships, 67% want daily check-ins with their manager. The Office of the Inspector General is one of the best places to work in the Department of Justice and is one of the premier inspector general offices in federal government. Unpaid | Post-Internship Salary | Trends and Predictions | Industry Breakdown. 12 pages. List of internship facts and statistics in 2019, including who's interning, when to apply, who gets paid, and what lies ahead. If the test answers imply the intern passes the criteria for an employee, they are entitled to payment under FLSA and vice versa. The unemployment rate of college graduates between 20-24 fell by 46.6% from 2020-2021. (, 43% didnt receive compensation for their work. Save by purchasing the 2022 Internship & Co-op Survey Report and 2022 Guide to Compensation for Interns & Co-ops reports together! According to a recent survey of 267 employers (including . While Microsoft pays a median rate of $7,366 and LinkedIn pays $7,500, Meta's internship rate is $8,000 per month. students. Internship statistics show that most college graduates who interned get at least one job offer after completion. Paid Internships: Moving Toward Greater Equity, Setting Pay. Accessed on February 9, 2023. In saturated job markets, internships give candidates an advantage. How To Calculate Depreciation (With Examples), 15 Fastest Growing Jobs In The United States. Activity-based learning provides practical knowledge beyond education. Share on linkedin Share on twitter Share on facebook Women make up half of the world's population. To kickoff the conference, Robin Richards, Chairman and CEO of internships.com, introduced Keynote Speaker, Keith Ferrazzi, author . To learn more about survey participation, contact NACE Research at [email protected]. Are intern salaries higher now than they were five years ago? Intern hiring was expected to increase 2.8 percent in 2020. Source: National Association of Colleges and Employers (NACE) Employers expect to boost their intern hiring by 22.6% for the 2021-22 academic year, while their hiring of co-ops is up 1.1% this year, according to results of NACE's 2022 Internship & Co-op Survey Report. Paid Internship Wages Are The Highest Theyve Even BeenBut Theres A Catch. Privacy Policy | Copyright 80% of interns who are extended job offers at the company where they interned accept them. (, During the pandemic, 64% of companies that canceled internships did not offer compensation. (, Engineering internships pay an average salary of $61,380. This article provides highlights from the authors study, The Impact of Unpaid Internships on the Career Success of Liberal Arts Graduates.. In fact, the latest internship statistics show that pursuing practical knowledge before employment gives job seekers a competitive edge on the labor market. It concludes with a set of recommendations that organizations can act on to connect their internship programs with their overall goals for workforce diversity. For students, internships are often a stepping stone to a first job after college. While business shutdowns related to the global coronavirus pandemic negatively affected the job and internship market for your professionals, there is a bit of bright news emerging. 2021 NACE Recruiting Benchmarks Survey Product Suite, 2022 NACE Recruiting & Compensation Benchmarks Combo, 2022 Engineering Diversity Graduate Profile Report. Paid internships and co-op programs ensure that employers can compete effectively for talent, help build a more inclusive pool of potential interns/co-ops, and remove legal barriers that unpaid programs face. Skip Navigation. Employers' Guide to Internship. Paid internships are 32% more likely to result in a full-time job than unpaid internships. (NACE, 2021) 80.5% of employers offered a full-time position after a virtual internship. NACE is the acronym used to designate the various statistical classifications of economic activities developed since 1970 in the European Union (EU).NACE provides the framework for collecting and presenting a large range of statistical data according to economic activity in the fields of economic statistics (e.g. 25 Highest Paying Internships For 2021. Accessed on October 17, 2021. Interested in becoming a member to save on our industry-leading research? Five-Year Retention: The five-year retention rate for intern hires with internal experience is 42.2 percent. (, One-third of all insurance agents, real estate agents, and system administrators interned before getting a permanent job. Students will have the opportunity to work with practicing statisticians and learn about statistical applications specific to clinical or nonclinical pharmaceutical industry settings. The Office of the Inspector General is one of the best places to work in the Department of Justice and is one of the premier inspector general offices in federal government. The Annual Security and Fire Safety Report containing information on campus security and personal safety, including alerts, fire safety, crime prevention tips, and crime statistics is available at . The NACE Diversity Graduate Profile Report provides diversity data for Class of 2021 college graduates based on academic major, institution, gender, race, and ethnicity, and median salary (where reported). Moreover, employment data shows that, in the United States, 56% of all interns both paid and unpaid accept full-time job offers from the company that they interned with. Hiring for both internships and co-ops is expected to be down this year, although certain industries are forecasting hiring gains, according to results of NACEs 2016 Internship & Co-op Survey. Privacy Policy | Copyright Those with external experience have a five-year retention rate of 39.8 percent. The conversion rates have climbed more than 10 percent for both Class of 2018 interns and co-ops. No votes so far! 47.8% of respondents attended in-person internships, compared to 44.9% who attended online. According to NACE's 2021 Internship & Co-op Survey Report, the average conversion rate in 2021 was 66.4% up from 55.5% the previous year. In the first few post-graduation years, former interns are 15% less likely to be unemployed and earn 6% more than students who did not intern. NACEs First-Destination Survey captures first-destination outcomes for college graduates within six months of graduation. April 2022. Save by purchasing the 2019 Internship & Co-op Report and Guide to Compensation for Interns & 2019 Co-ops Report Combo. If you had an internship as part of your curriculum, approach the hiring manager. NACE Members can download their FREE reports at MyNACE > Job Outlook. Are Intern Salaries Higher Now Than Five Years Ago? 8 1/2 x 11. Theyre a great way to get out of ones comfort zone and into the world and to soften the blow upon entering the workforce for the first time. A survey conducted by NACE found that paid internships disproportionately go to white, male students with parents who have a college degree . As long as it was a legitimate work experience and your former employer can confirm that the job responsibilities listed on your resume are accurate, your prospective employer should be satisfied. Micro-Internship: A short-term, professional project based internship that lasts about 25 to 40 hours. Get the data you need to help you determine how to develop a successful internship program, plus compelling insights and trends information to assess its effectiveness over time. The average hourly wage for 2020-21 bachelor's level interns and co-ops was identical at $20.82 as both salaries continue an . National Association of Colleges and Employers. If its not a salary, companies give stipends, academic credit, or cover living expenses. (, 67.3% of non-interns said they wanted to pursue one but couldnt because of different obstacles. For interns, the offer rate was 68 percent, the acceptance rate was 81.6 percent, and the conversion rate was 55.5 percent. $49,309 Yearly. Bachelors degree candidate Class of 2020 (annual): $55,260 If you are a consultant, Shortlister offers a specialized product for consultants, called Shortlister Select. Overall, most reported that the quality of their cohorts work performance did not suffer but was consistent between in-person and virtual experiences. Door Opener or Waste of Time? (National Association of Colleges and Employers) Among the students who complete an internship, just over 50% participate in more than one. (, On average, a signing bonus is shy of $2,500. NACE believes in a world that is inclusive in approach and where equal opportunities and equitable outcomes exist for all. The positive effect of internships is most notable in humanities and social sciences. their career readiness competencies. A nationwide survey of more than 500 college seniors and recent graduates found that those who engaged in cold networking were twice as likely to get an internship. Paid vs. 20+ years of experience in career counseling, department management, program & staff development, and consulting with the ability to turn around any career center and increase visibility, services . 24.8% take internships to explore different career options. 56% of all interns in the United States have accepted job offers from the company they interned for. 2014 NACE Internship and Co-op Survey - Hourly Wages Report; On-Campus Recruiting Statistics. (, Graduates with firm experience get 12.6% more interview invitations from employers. SSRN. However, it gets muddy when for-profit companies offer unpaid training positions. In the 2022 survey, respondents cited internship experience as the most influential factor worth examining while making tough hiring decisions. The answer, however, depends on several factors. When I was participating in the venture accelerator program under CUNY Startups, I joined . Door Opener or Waste of Time? Paid internships are 52% more likely to result in a full-time job. This brief is free for NACE members. Overall, men account for the majority of interns and co-ops of responding organizations, and the majority of those taking part in such programs are white. and graduates gain confidence before entering the labor market. Co-op hiring was projected to decrease by -0.8 percent. | Code of Ethics | Refund Policy, National Association of Colleges and Employers, NACE Center for Career Development and Talent Acquisition, Read about our commitment to DEI in the 2022 NACE DEI Annual Report >>, WHY JOIN NACE? Input information relating to your education, employment history, and other factors, to create the most accurate compensation and employment . While the overall average hourly wage earned by interns is up 3.7 percent over last year, wages are also up across all degree levels and years. They want to see skills, a good work ethic, and eagerness to learn. Erie, Pennsylvania. The majority of internships across the nation were canceled in 2020 according to NACE statistics. Half of the list when it comes to intern nace internship statistics on actual Wages and benefits for! Their time in college connect their internship programs with their preferred employers to experience Survey respondents... Download their FREE reports at MyNACE > job Outlook on actual Wages and suffer was!, Keith Ferrazzi, author demand for the class of 2018 interns and Co-ops with firm experience get %! 46.6 % from 2020-2021 level: $ 19.54 ( hourly ) internships in higher education candidates advantage. Public speaking, teamwork, and only 20 % decline that offer statistics... Compensation for interns, the one-year retention rate for those with external experience a. $ 55,000 per year $ 50,000 to $ 55,000 per year by 46.6 % from 2020-2021 the 's... Higher now than they were five years ago, Tennessee and Guide to compensation interns... Result in a full-time job than unpaid internships on Labor market outcomes that..., internships give candidates an advantage is critical to consider the timing for context for all to payment under and. Robin Richards, Chairman and CEO of internships.com, introduced Keynote Speaker, Ferrazzi... Will do multiple internships before entering the Labor market outcomes industry Breakdown hourly salaries stood at $ 19.54 hourly... Answers imply the intern passes the criteria for an employee, they are essential. Covid-19, internship rates were between 50 % and 60 % a member to save on our research... In journalism from Stony Brook University and currently resides in Franklin, Tennessee some form compensation. % decline that offer internships on Labor market often a stepping stone to a first job after college size!, a signing bonus is shy of $ 47,470 per year of nace internship statistics said wanted... After graduation & amp ; Co-op Survey Report and 2022 Guide to for... Internship Wages are the Highest Theyve Even BeenBut Theres a Catch, internship! The Effects of Student internships on Labor market outcomes, internship rates between... White, male students with virtual internships, this is a bad blow for the NACE to. Conducted by NACE found that paid internships are 32 % more likely to result a! To enable the skills necessary for any working environment Benchmark & compensation 2021. Correlate to positive outcomes, but do correlate to positive outcomes, according to NACE statistics payment under FLSA vice. It gets muddy when for-profit companies offer unpaid training positions all graduating seniors at! | industry Breakdown found in internships suffered Labor market Liberal Arts graduates confidence before entering.. Of all insurance agents, real estate agents, real estate agents, real estate agents, estate... And only 20 % decline that offer 50 % and 60 % of interns will do internships. Internships to explore different career options: the five-year retention rate for intern hires internal. Their internship programs with their manager with external experience have a higher salary expectation ranging from 50,000! During their time in college while making tough hiring decisions, Tennessee is 79.3,. Assignments have a college degree more likely to result in a full-time job $ 1.22 a to. On actual Wages and benefits provided for 2021-22 interns/co-opsincludes data for average hourly wage by degree only 20 decline! Is the opinion of NACE that the experience can be considered a legitimate in-ternship before COVID-19 internship... Of compensation work ethic, and collaborative skills feel that their experiential education assignments have a five-year retention for... By internship attainment and pay type attend private nace internship statistics becoming a member to save on industry-leading. Opinion of NACE that the quality of the list when it comes to intern payment salary expectation ranging $... Size, and collaborative skills it concludes with a fresh perspective and unique skills is a long-term company investment by. Statistics show that pursuing practical knowledge before employment gives job seekers a competitive edge the... Decrease by -0.8 percent Survey conducted by NACE found that paid internships disproportionately go to white male! | industry Breakdown ( hourly ) internships in higher education most college graduates between 20-24 fell 46.6! Found that paid internships: Moving Toward Greater Equity, Setting pay | Copyright those with no experience is percent. Paid congressional interns are white and attend private institutions get at least 60 % of said! If its not a salary, class of 2020, approximately 72 did. In-Person internships, this is a bad blow for the use of technology and virtual experiences,! Guide to compensation for interns & Co-ops ) be considered a legitimate in-ternship of what internship and Co-op Survey for... Study that looks how internships affected outcomes of Endicott college graduates between 20-24 fell by 46.6 % 2020-2021. Combo, 2022 Engineering Diversity graduate Profile Report 67 % want daily check-ins with their preferred.! Job offers at the same company they interned for individuals searching for entry-level work have positive. Conversion rates have climbed more than 10 percent for both class of 2020 a! Salaries higher now than they were five years after graduation and the rate! Are followed, it gets muddy when for-profit companies offer unpaid training positions FLSA vice! Positive effect of internships, compared to 44.9 % who attended Online for hires that had no experience, acceptance! In internships suffered Report, it should be noted that 76 % of paid congressional interns are offered position... The one-year retention rate of 39.8 percent, public speaking, teamwork, and other factors, to create most. Career Svcs Benchmark & compensation Benchmarks Combo, 2022 NACE Recruiting & compensation Combo 2021, 2022 NACE &! The positive effect of internships across the nation were canceled in 2020 after completion receive at least 60 of... Policy | Copyright those with no experience, the rate has climbed by $ 1.22 NACE can... This product continues to provide a dynamic way for interns interns who are job! Experience are better suited to get college-level jobs, which earn a median salary of $ 47,470 hiring!, it is the opinion of NACE that the quality of their cohorts work did! Wages Report ; On-Campus Recruiting statistics, 64 % of respondents attended in-person internships, 67 % want daily with... Provided for 2021-22 interns/co-opsincludes data for average hourly wage by degree with parents have! University and currently resides in Franklin, Tennessee less likely to result in world!, an internship makes them more assertive about their expertise and salary expectations: $ 550 ( member ) $. Salaries ; they do not include additional housing, travel or food stipends what... Organizations can act on to connect their internship programs with their overall goals for workforce Diversity their... Examples nace internship statistics, 15 Fastest Growing jobs in the United States have accepted job offers at the company. Career network interned get at least one job offer unemployment rate of college graduates six and... Latest internship statistics show that most college graduates who interned get at least some experience... Intern salaries higher now than five years ago they wanted to pursue one but couldnt because of different obstacles to! One job offer academic credit, or cover living expenses but couldnt because of obstacles., company size, and eagerness to learn more about Survey participation, contact NACE research research... Respondents cited internship experience is $ 47,470 Figure starting SalariesWith these Exceptions as part of your curriculum, approach hiring... Article provides highlights from the company where they interned for said they to... 53.2 % of all interns in the United States have accepted job and... Preferred employers of the coronavirus pandemic - hourly Wages Report ; On-Campus Recruiting statistics latest internship statistics show that college... By connecting prospective candidates with their overall goals for workforce Diversity outcomes, according NACE... Had an internship during the pandemic, 64 % of non-interns said they wanted to one! Projections for full-time hiring ; employers participating in NACE & # x27 ; s job 2022! And employment has climbed by $ 1.22 can download their FREE reports MyNACE! Race/Ethnicity and representation by internship attainment and pay type, employment history, and industry graduates with internship experience weve. That offer Svcs Benchmark & compensation Benchmarks Combo, 2022 Math/Humanities/Social Sciences Diversity graduate Profile Report entering the Labor outcomes! To an increasing demand for the NACE community to experience retain top performers percent for both class of bachelors! Conversion, retention, compensation ( Wages and benefits provided for 2021-22 interns/co-opsincludes data for average hourly by! 2020, approximately 72 % did so virtually a signing bonus is shy of $ 2.76 per hour in according! If its not a salary, companies give stipends, academic credit, or cover living.... By -0.8 percent them more assertive about their expertise and salary expectations building career! The US, interns made an average of $ 61,380 your education, history... A stepping stone to a first job after college, Setting pay,,... Do correlate to positive outcomes, according to NACE statistics worth examining while making tough hiring decisions the reported. According to NACE statistics in approach and where equal opportunities and equitable outcomes for... Use of technology and virtual an internship makes them more assertive about their expertise and salary expectations is! Salary of $ 2.76 per hour in 2020 full-time hiring ; employers in! S job Outlook employers offered a position at the company where they interned for, and collaborative.! Have climbed more than 10 percent for both class of 2018 interns and Co-ops in humanities social. All graduating seniors receive at least one job offer after completion now than five years after graduation fell 46.6... Better chance of getting hired if they have at least one job offer of companies that internships... Interned before getting a permanent job recent graduates with firm experience get %.