LawFuel published a release from careers site Vault today, announcing the results of Vault’s fourth Internship Survey, which found 71 per cent of students have been paid for internships, a 7 per cent increase over the 2005 result.
Of the 71% that were paid, over half brought in at least $11.00 an hour. A paid intern shared that they, “love the intern treatment because as much as you are trying to impress employers, they are trying to sell their company to you as well.”
Plus, there are perks – tickets to sporting events, weekend trips, health club memberships and moving stipends. One internship included a “rafting trip with all the interns and bosses.”
Interest in internships remain strong this year since 61% have already lined them up for the summer, consistent with last year’s 62%. The number of completed internships is also strong, with 74% completing at least one by graduation (includes summer internships after graduation). A student seeking an internship revealed, “It’s hard to find an internship as most have limited number of positions and the competition is great.” Students have completed internships in finance (30%), media and entertainment (8%) and non-profit (8%), science and technology (9%) and others.