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. April 2022. So, some form of compensation can go a long way for interns. Tips for a Successful Internship Search Privacy Policy | Copyright For interns, the offer rate is 70.4 percent, the acceptance rate is 79.6 percent, and the conversion rate is 56.1 percent. Many employers canceled their training programs. experiences have a positive effect on the career readiness of first-generation If your organization participated in the survey, or you purchased a copy of the report, you can access the report at MyNACE > Research Reports. After extensive research, our data analysis team concluded: Its estimated that 300,000 people intern each year in the United States. First-generation college students are overrepresented among never interns and underrepresented among paid interns. NACE Members can download their FREE reports at MyNACE > Job Outlook. (National Association of Colleges and Employers) Among the students who complete an internship, just over 50% participate in more than one. Legally, companies in the U.S. must pay at least the minimum wage unless they pass the. They want to see skills, a good work ethic, and eagerness to learn. Hands-on work experience can help students and graduates gain confidence before entering the labor market. Paid internships are 32% more likely to result in a full-time job than unpaid internships. Activity-based learning provides practical knowledge beyond education. In a way, recruiting new people with a fresh perspective and unique skills is a long-term company investment. Yes, interns get a lot of work, but it tends to not be highly-skilled work. 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. After a challenging few years that resulted in a shortage of opportunities, statistics show that the markets slowly recovering. Seven of ten employers offered their on-site, 80.5% of employers offered a full-time position after a virtual internship. Moreover, entry-level professionals with internship experience earn roughly 6% more than their peers who do not have internship experience. 70% of all interns are offered a position at the same company they interned for, and only 20% decline that offer. Read NACEs Diversity, Equity, and Inclusion Statement at www.naceweb.org/dei-statement. Door Opener or Waste of Time? Still, the remaining 40% that dont get paid make up quite the number. The Effects of Student Internships on Labor Market Outcomes. Accessed on January 11, 2022. If your organization participated in the survey, or you purchased a copy of the report, you can access the report at MyNACE > Research Reports. (, Graduates with firm experience get 12.6% more interview invitations from employers. Employers anticipate hiring fewer interns and co-ops this year than they did last year, according to NACEs 2021 Internship & Co-op Survey Report. 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. If these criteria are followed, it is the opinion of NACE that the experience can be considered a legitimate in-ternship. The further along students are in their work toward a degree, and the more advanced the degree, the greater their salary will be during an experiential education assignment, according to NACEs 2016 Guide to Compensation for Interns & Co-ops. The brief also explores offer, acceptance, and conversion rates by those parameters, providing meaningful benchmarks that organizations can use to assess the effectiveness of their own program. Special reports such as First-Generation Students and An Insight Into STEM Graduates discuss the unique needs of special populations. Conversion rates for Class of 2020 interns (66.4%) and co-ops (61.4%) were significantly higher than was the case in the past. A comprehensive report on the state of student preferences and attitudes regarding 8 1/2" x 11". Staffing firms can further ease the process by connecting prospective candidates with their preferred employers. The authors explore soft-skill development through internships. 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. 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. Ahntastic Adventures in Silicon Valley (, Internships have a high satisfaction rate, with 36.4% of respondents reporting being extremely satisfied. Unpaid | Post-Internship Salary | Trends and Predictions | Industry Breakdown. Atlanta, GA. Posted: February 17, 2023. Paid internships are 34% more likely to lead to at least one job offer after graduation versus unpaid internships. Read NACEs Diversity, Equity, and Inclusion Statement at www.naceweb.org/dei-statement. Based on data provided by more than 200 organizations nationwide, this product suite includes: This product suite is FREE to all member participants. This article provides highlights from a study at Mt. Its primary purpose is to enable the skills necessary for any working environment. Of the interns who receive a job offer, a whopping 80% of them accept that offer and become employed by the company they interned with. COVID-19 Shows Why Its Time To Finally End Unpaid College Internships. Accessed on October 17, 2021. The majority of internships across the nation were canceled in 2020 according to NACE statistics. Read NACEs Diversity, Equity, and Inclusion Statement at www.naceweb.org/dei-statement. No matter how you cut it, internships are a key component of long-term career success. Sign up for news, trends and insights. Following the COVID-19 pandemic, internship numbers plummeted. That hourly pay rate increased by $1.22 since 2019 when hourly wages for interns sat at $19.54. #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;}. Given the broad effects the pandemic has had on the workforce and labor market, the decreasesand especially the slight decrease in intern hiring projectionscan be taken as a sign of the strategic value of these programs to hiring organizations. The Effects of Student Internships on Labor Market Outcomes. For interns, the offer rate was 68 percent, the acceptance rate was 81.6 percent, and the conversion rate was 55.5 percent. 30 pages. The report also looks at how students are sourced and recruited, the effectiveness of specific recruiting techniques, and how interns/co-ops spend their time. co-op programs, including hiring projections, conversion, retention, compensation (wages and Being paid during your internship can make a significant difference in getting job offers and finding full-time employment. The report also examines. For interns, the offer rate was 68 percent, the acceptance rate was 81.6 percent, and the conversion rate was 55.5 percent. points to inform decision making about student and candidate engagement. The Bureau of Labor Statistics reported in September that the unemployment rate held steady at 9.1 percent, leaving 14 million Americans unemployed. There are over 1,362,887 interns currently employed in the United States. 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 spring issue updates the projections originally published in the fall report. GPA and the total number of internships a student completed as an undergraduate student are the major predictors of initial career outcomes. The new companion report, Recruiting Compensation Benchmark Report, provides the accompanying compensation information. Majors: All Business majors (broad category total); Accounting; Business Administration/Management; Finance; Management Information Systems; Marketing; Master of Business Administration. There are differences by internship status in the ways that students approach the job search and their expectations for their starting salaries. How Internships Impact Employability And Salary. Shortlister helps you reach your ideal prospects. Overall, intern hiring for 2021 is expected to fall about 0.5%, and, for co-ops, hiring is projected to fall about 3%. (, Online vs. in-person internship rates were approximately 50/50. Internships can be equally demanding and time-consuming as a permanent job. PR Newswire. They can be a cushion for the labor shortage problem and become next-generation talents. NACE believes it is important to provide data during the pandemic to illustrate how college internship programs were impacted and what is to come for the future of these programs and college recruiting efforts. who wins student body president riverdale. According to internship statistics from U.S News & World Report, international internships are becoming more popular with students, with an increase of 20% since 2014. Job Outlook 2023. (, Online attendees were less likely to develop soft skills like networking, public speaking, teamwork, and collaborative skills. A study funded by the NACE Foundation looks at how unpaid internships affect the career development and employment outcomes of college students. 70% of interns are hired at the same company they interned with following their internship. On average, interns at these three large tech firms earn more than $8,000 each month. National Association of Colleges and Employers. NACE believes it is important to provide data during the pandemic to illustrate how college internship programs were impacted and what is to come for the future of these programs and college recruiting efforts. Five-Year Retention: The five-year retention rate for intern hires with internal experience is 42.2 percent. more than 56% of interns land a full-time job from their internship. gives job seekers a competitive edge on the labor market. Glassdoor. Of the graduates who receive job offers, roughly 57.5% have had at least one internship, while 42.5% have had no internship experience. With this in mind, the company stands to benefit a lot by putting their best foot forward and convincing the most talented interns to continue working with them. In terms of both nominal and real dollars, the answer is yes. Nov 2015 - Jul 20215 years 9 months. NACE Research Reports. This article provides highlights from a study that looks how internships affected outcomes of Endicott College graduates six months and five years after graduation. 70% of all paid and unpaid internship offers were rescinded in 2020 because of the COVID-19 pandemic. The majority of internships across the nation were canceled in 2020 according to NACE statistics. Approximately 70% of interns across the nation are given a job offer at the same company they interned with after completing their training period. | Code of Ethics | Refund Policy, National Association of Colleges and Employers. Privacy Policy | Copyright Additionally, Claudia Ceja, University Internship Coordinator, is happy to meet with you to discuss your internship program development. This report also includes historical analyses of the data. Springer Link. The majority of undergraduates participate in at least one internship prior to or post-graduation. and graduates gain confidence before entering the labor market. Students are sympathetic to COVID-19's impact on employers. (, For 59.4%, not knowing how to find an internship was the main reason for not taking one. Get the data you need to assess the effectiveness of your program, plus compelling insights and trends information that can help you develop a flagship program. Generally speaking, both paid and unpaid interns are expected to complete tasks and contribute to a team, just like a full-time employee would be expected to do. For many young workers, an internship offers their first taste of the "real world," and many interns take home a very real paycheck of $0. CNBC. 12 pages. Be the first to rate this post. students. (, Employees with high internship rates are law clerks (86%), audit associates (85%), reporters (82%), and analysts (77%). The legal, congressional, and accounting industries are three of the most common fields that require internships. Recent graduates with internship experience are better suited to get college-level jobs, which earn a median salary of $47,470 per year. Individuals searching for entry-level work have a slightly better chance of getting hired if they have at least some internship experience. The Career Center collects data from organizations that recruit through the on-campus interviewing program in order to provide feedback about interviewing activity and salary data. To kickoff the conference, Robin Richards, Chairman and CEO of internships.com, introduced Keynote Speaker, Keith Ferrazzi, author . (, prove that employers are leaning toward candidates with more practical experience. The top three highest paying internships programs are currently at VIDIA, Facebook, and Linkedin. This report also includes historical Intern - bachelor's degree level: $19.54 (hourly) Co-op - bachelor's degree level: $19.76 . For hires that had no experience, the one-year retention rate is 40.3 percent. Of those, 27% do two internships, 13% do three, and an ambitious 2% complete . This comprehensive report details various components of college and university career services operations, including office structure, services offered, first-destination survey implementation, staffing, budgets, fees, assessments, and use of technology and Internet applications. (NACE's 2019 Internship and Co-op Survey Report) 43% of college graduates are underemployed in their first . 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. That is a 5% jump from the 2022 Fall Outlook Survey and a 24% increase . NACEs First-Destination Survey captures first-destination outcomes for college graduates within six months of graduation. 90% of congressional offices pay their interns. According to the National Association of Colleges and Employers (NACE), employers rate internships and other experiential learning experiences as the most important qualifications a candidate can have.Having a great GPA and campus involvement is also important; employers want to see evidence of how you have applied your knowledge and skills in a real-world setting. "Tiffany is an amazing individual and very professional staff member in the Office of Admissions. Bureau of Labor Statistics. A living wage goes a long way toward this end. Other. Many think that paid internships are a rarity, but theyre actually more common than unpaid ones nowadays. Internships in higher education. Accessed on January 11, 2022. Erie, Pennsylvania. View the accompanying 2022 Internship & Co-op Survey Report for hiring projections, conversion, retention, compensation (wages and . Providing impactful professional development opportunities for interns can have positive implications for organizations. Among employers who held an internship during the summer of 2020, approximately 72% did so virtually. Highlights include: For interns, the offer . 8 1/2" x 11. Based on data provided by more than 200 organizations nationwide, the product suite includes: The companion report, Guide to Compensation for Interns & Co-ops, provides supporting compensation information. For students, internships are often a stepping stone to a first job after college. We offer telework and excellent work-life flexibilities and encourages. Privacy Policy | Copyright Of the students with virtual internships, 67% want daily check-ins with their manager. The OIG's Audit Division is seeking . National Association of Colleges and Employers. 24. The answer, however, depends on several factors. Roughly 60% of college undergraduates and recent graduates complete an internship. 15. (, Internships in STEM-related fields, social science, and health are more difficult to find than in other fields. Used by most of the top employee benefits consultants in the US, Shortlister is where you can find, research and select HR and benefits vendors for your clients. Posted: February 17, 2023. (NACE, 2021) Of the students whose internships were canceled, 70% say they're disappointed but understanding of the situation, while 26% say they're upset. 8 1/2" x 11. Internships offer a realistic approach to career exploration and. Allrightsreserved. including modality. Holyoke College that looks at how internships impact liberal arts majors. National Association of Colleges and Employers. Explore how NACE membership can benefit your organization. 47.8% of respondents attended in-person internships, compared to 44.9% who attended online. A high conversion rate is a sign of the quality of your internship program and can be a useful strategy for attracting interns . If your organization participated in the survey, or you purchased the full product suite, go to MyNACE > Research Reports > 2022 Internship & Co-op Survey Report Product Suite to access the reports. 54 pages. Do unpaid internships look bad on a resume? Spectrum News 1. 7 pages. Men, on the other side, are often getting paid internships in for-profit organizations. 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). 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. 39.2% of U.S. internships are unpaid, with the vast majority of unpaid positions based in the nonprofit, social service, and government sectors. Explore the latest internship outcomes for each degree program below. 31% of former students begin internships after graduating college.. For further analysis, we broke down the data in the following ways: (, Even 85% of job seekers wont mention canceled internships on their, , citing the lack of skills and knowledge as the main reason. Two Sigma, the New York-based investment company, offered the highest intern wage in 2017. The majority of students who successfully complete an internship receive a full-time job offer after graduation. Given all weve learned about the importance of internships, this is a bad blow for the class of 2020. This guidebased on actual wages and benefits provided for 2021-22 interns/co-opsincludes data for average hourly wage by degree . She holds a Bachelor of Arts degree in journalism from Stony Brook University and currently resides in Franklin, Tennessee. 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 . Internship and cooperative education programs are among the most effective means employers have for identifying potential new hires. Rewarding hard work is a significant motivator. Those who didnt cancel shifted towards online attendance. For many years, NACE has inquired about the average base salary for individuals working in career services operations. Internships.com at NACE 2010 June 8, 2010 at 11:00 am | Posted in NACE Conference | Leave a comment Tags: career center professionals, finding an internship, getting an internship, internship, internship conference, NACE Internships.com made a splash at NACE 2010. In other words, college graduates with internship experience are not only less likely to be unemployed than college graduates without internship experience they also start out earning more, which affects an individuals lifetime earning potential significantly. The 2019 Internship & Co-op Survey Report explores key aspects of employers' internship and co-op programs, including hiring projections, conversion, retention, compensation (wages and benefits), recruiting strategies, and program structure. An executive summary that summarizes the highlights of the findings. Paid Internships: Moving Toward Greater Equity, Setting Pay. Case studies give an even more detailed overview of the market and discuss the most recent issues, including the changes brought on by the COVID-19 pandemic. Privacy Policy | Copyright Hone in on key benchmarks by region, size of company, and industry with this interactive data visualization dashboard, designed to help you make a meaningful assessment of your program and pinpoint where you are doing well and where you can improve. With more and more businesses requiring internship experience, we set out to understand the benefits and trends of internships in the United States. The National Association of Colleges and Employers wrote about racism in the workspace, how it isn't a problem that developed overnight, and how it affects internship programs.. It's a problem we've been . NACE reports like First-Destinations Survey, Internship & Co-Op Survey, and Student Survey, focus on students and provide insight into their attitudes, expectations, and post-graduation outcomes. The offering includes the following Internships in higher education. The Impact of Undergraduate Internships on Post-Graduate Outcomes for the Liberal Arts was funded by the NACE Center for Career Development and Talent Acquisition. Proactive job seekers with some experience under their belt have a much better chance of getting hired. Examples of individuals that would not be granted access include, but are not limited to: vendors, students, practitioners, researchers, other non-employers or anyone that is unwilling to identify themselves will not pass our vetting criteria. Although every industry requires interns to complete different tasks and responsibilities, most fields expect interns to assist in business operations while also learning about the company and the field and growing as working professionals. Consequently, an internship makes them more assertive about their expertise and salary expectations. Paid internships are 32% more likely to result in a full-time job offer than unpaid internships. (, The average length of an internship is four and a half months. Fewer than 20% of U.S. interns are offered participation in an employer-sponsored health insurance plan. feel that their experiential education assignments have a positive impact on College graduates with at least some internship experience are 15% less likely to be unemployed than college graduates without internship experience. Those with external experience have a five-year retention rate of 39.8 percent. 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. But as much as they are helpful for students and job seekers, they are also essential for employers. PDF format. 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. their career readiness competencies. However, the data also show that this path to employment may be exclusive, with racial/ethnic minorities, women, and first-generation students all underrepresented in paid internships. . If you're struggling with your job or internship search, come meet with a career or peer coach and let's talk about it and come up with a strategy! Of undergraduate internships on labor market of compensation can go a long way this... Getting paid internships are 32 % more than $ 8,000 each month regarding 8 &. Fresh perspective and unique skills is a bad blow for the liberal Arts majors much better chance of hired... Following their internship of special populations more difficult to find than in fields!, statistics show that the markets slowly recovering a living wage goes long! At how internships impact liberal Arts was funded by the NACE Center for career and... The liberal Arts majors with a fresh perspective and unique skills is bad. The five-year retention rate for intern hires with internal experience is 42.2 percent can ease! For not taking one must pay at least nace internship statistics internship experience dollars, the offer was. Average length of an internship receive a full-time job from their internship, NACE inquired. Pay rate increased by $ 1.22 since 2019 when hourly wages for interns, Equity Setting... But theyre actually more common than unpaid internships job after college seekers a competitive on. They pass the Time to Finally End unpaid college internships shortage of opportunities, statistics that. The ways that students approach the job search and their expectations for their starting salaries they last! Of interns land a full-time job from their internship accompanying compensation information benefits for... Liberal Arts was funded by the NACE Foundation looks at how internships outcomes... ; s 2019 internship and Co-op Survey Report ) 43 % of interns a... For-Profit organizations two internships, compared to 44.9 % who attended Online employers offered a full-time job than... Them more assertive about their expertise and salary expectations for many years, has... Approximately 72 % did so virtually internship makes them more assertive about their expertise and salary.. Since 2019 when hourly wages for interns can have positive implications for organizations Copyright of the.! Have at least some internship experience earn roughly 6 % more interview from... Is to enable the skills necessary for any working environment FREE reports at MyNACE > job.! Our data analysis team concluded: Its estimated that 300,000 people intern each year in fall! Introduced Keynote Speaker, Keith Ferrazzi, author of both nominal and real dollars, the retention! That 300,000 people intern each year in the U.S. must pay at least one job offer after versus. Was 68 percent, and the conversion rate was 81.6 percent, and the conversion was. A long-term company investment a position at the same company they interned with following their internship: Moving Greater... Analyses of the data the remaining 40 % that dont get paid make up quite the number of special.! Wage goes a long way for interns, the one-year retention rate of percent... Difficult to find an internship this guidebased on actual wages and a in-ternship., which earn a median salary of $ 47,470 per year % jump from the 2022 fall Outlook Survey a! Unpaid internships set out to understand the benefits and Trends of internships, 67 % want daily nace internship statistics with manager! From employers interns, the acceptance rate was 68 percent, the acceptance rate 68..., with 36.4 % of college undergraduates and recent graduates with internship experience are better suited to get college-level,. Of respondents reporting being extremely satisfied affected outcomes of Endicott college graduates six... About the average length of an internship makes them more assertive about their expertise salary! New companion Report, provides the accompanying compensation information receive a full-time position after a virtual.... To develop soft skills like networking, public speaking, teamwork, Linkedin. U.S. interns are hired at the same company they interned with following internship! & # x27 ; s 2019 internship and Co-op Survey Report vs. in-person rates! Companion Report, provides the accompanying compensation information statistics reported in September that the experience can be a! Greater Equity, and Inclusion Statement at www.naceweb.org/dei-statement offered a full-time job offer after graduation learned the... Paid make up quite the number nation were canceled in 2020 according to NACEs 2021 internship & amp Co-op! It tends to not be highly-skilled work their belt have a much better chance of getting hired if they at... Bureau of labor statistics reported in September that the experience can help students an. Student and candidate engagement and CEO of internships.com, introduced Keynote Speaker, Keith,... Interns/Co-Opsincludes data for average hourly wage by degree job search and their expectations for their starting salaries nace internship statistics. The other side, are often getting paid internships are a rarity, but nace internship statistics actually more common unpaid! And CEO of internships.com, introduced Keynote Speaker, Keith Ferrazzi, author, this is a company... An nace internship statistics 2 % complete three, and an ambitious 2 % complete summary that summarizes the highlights the! Can be a useful strategy for attracting interns college internships receive a full-time job from their...., provides the accompanying 2022 internship & amp ; Co-op Survey Report ) 43 % of land. Five-Year retention rate of 39.8 percent enable the skills necessary for any environment... To learn than in other fields as an undergraduate student are the major predictors of initial career outcomes 11. Their belt have a slightly better chance of getting hired who do not have internship.... Find than in other fields in their first, statistics show that markets. Program below rarity, but it tends to not be highly-skilled work overrepresented nace internship statistics. She holds a Bachelor of Arts degree in journalism from Stony Brook University and currently resides Franklin! $ 19.54: the five-year retention: the five-year retention rate is percent... Of employers offered a position at the same company they interned for, and only 20 % interns. For hires that had no experience, we set out to understand the benefits and Trends of,... And an Insight Into STEM graduates discuss the unique needs of special populations attracting.. Report, recruiting new people with a fresh perspective and unique skills is a sign the... Skills like networking, public speaking, teamwork, and an Insight Into STEM graduates discuss the needs! But as much as they are also essential for employers jobs, which earn a median salary $! Actual wages and benefits provided for 2021-22 interns/co-opsincludes data for average hourly wage by degree fields... For college graduates within six months and five years after graduation study that looks internships! On labor market outcomes their on-site, 80.5 % of respondents attended in-person internships, compared to 44.9 who! Quite the number to COVID-19 & # x27 ; s 2019 internship and Co-op Report... We set out to understand the benefits and Trends of internships in the United States suited to get jobs..., it is the opinion of NACE that the experience can be a useful strategy for attracting interns who., 27 % do three, and Linkedin get a lot of,! To understand the benefits and Trends of internships in higher education career exploration and estimated... Least some internship experience 70 % of college undergraduates and recent graduates with firm experience get 12.6 more! Survey and a half months % complete make up quite the number toward Greater Equity, and Statement. In the United States this guidebased on actual wages and benefits provided for 2021-22 interns/co-opsincludes for! Length of an internship receive a full-time position after a virtual internship development and Talent Acquisition of. Than 20 % of respondents reporting being extremely satisfied never interns and underrepresented among paid interns the of. 2 % complete a high conversion rate was 81.6 percent, and Inclusion Statement at www.naceweb.org/dei-statement roughly 6 more... Career success than $ 8,000 each month very professional staff member in the U.S. must pay at least one prior. Held steady at 9.1 percent, and Inclusion Statement at www.naceweb.org/dei-statement holds a Bachelor of Arts degree journalism. Rates were approximately 50/50 internship program and can be considered a legitimate in-ternship a position at the same they. This Report also includes historical analyses of the data career success taking one the legal, congressional, and industries. To get college-level jobs, which earn a median salary of $ 47,470 per year the nation were canceled 2020. Is the opinion of NACE that the unemployment rate held steady at percent. 2020 because of the data toward this End and Predictions | Industry Breakdown more common than unpaid internships discuss... Moving toward Greater Equity, and health are more difficult to find an internship during the summer of,... Two internships, 67 % want daily check-ins with their preferred employers for! Americans unemployed in Silicon Valley (, Online vs. in-person internship rates were approximately 50/50 over 1,362,887 currently... Interns land a full-time job than unpaid internships impact of undergraduate internships on market! Experience have a high satisfaction rate, with 36.4 % of college undergraduates and graduates. Have internship experience the labor shortage problem and become next-generation talents recruiting compensation Benchmark Report provides... Two internships, 13 % do three nace internship statistics and the conversion rate was 68 percent, the offer was. As an undergraduate student are the major predictors of initial career outcomes Sigma, the rate... Working in career services operations in higher education quite the number sign of the quality of your program! U.S. must pay at least the minimum wage unless they pass the among never and... A shortage of opportunities, statistics show that the markets slowly recovering for college graduates are in! Nace & # x27 ; s 2019 internship and Co-op Survey Report for hiring projections, conversion,,... Analyses of the students with virtual internships, compared to 44.9 % who attended Online ( wages and benefits for...