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You’ve heard schools, guidance counselors, and advisors talk about internships. And they definitely sound like a good idea – after all, who doesn’t like the idea of relevant work experience, industry connections, and a professional reference? But are they actually helpful? Check out these stats and decide for yourself.
This post is sponsored by Northwest University.
- 70% of companies offer their interns full-time jobs.
- Students who complete an internship are 15% less likely to be unemployed during their first year after college.
- One- and five-year workplace retention rates are higher for employees who complete an internship.
- Graduates with internship experience earn an average of $2,000 more annually than graduates without internship experience.
- Employers rank candidates with industry internship experience higher than those without experience during the hiring process.
- Individuals who complete a paid internship have a higher chance of getting hired on than those who completed an unpaid internship.
- While some internships begin in high school or the year after college, the vast majority of internships happen while the intern is still a college student.
- Most students complete one internship. However, 40% of students complete 2-3 internships.
- The number of job offers to graduating college seniors who have completed an internship is 1.17; for those who haven’t completed an internship it’s 16% lower.
- Internships are especially important in industries such as accounting, tech, law, politics, and hard-to-break-into fields like music, media/broadcasting, and the performing arts.
When you’re choosing a college, look at more than just the degrees. Learn about their relationships with local companies, how they help students secure internships, and the extra steps they take to prepare their students for the workplace to ensure their real-world success. Because a degree is important, but there’s a lot more that goes into landing a job.
