Quick Facts about Internships
An internship is an experience in which the students or recent grads (graduates) learns and acquire skills by taking on a responsible role as a worker in an organization and by observing and reflecting on the various roles in a specific career. It supplements a student’s coursework by providing the opportunity to add practical, relevant experience and by developing a student’s skills and abilities in their chosen field of study.
Internships provide abundant benefits to students, employers, and the labour market community. When organizations are hiring, they seek out students or grads who have participated in an internship because it shows that the student has an interest in their chosen field and will not require as much training or long learning period as someone with no relevant experience.
Key Facts about Internship
Below are a few key facts regarding the reasons why an internship can be so beneficial to Jobseekers.
- Internship experience has been shown to be the #1 factor influencing employer hiring decisions for recent grads.
- A May 2012 study showed that students who completed an internship earned about 15% more on average than those who did not engage in an internship.
- According to a NACE 2010 Internship and Co-op Survey, 44.6% of new hires (from the Class of 2009) came from employers’ internship programs.
- An April 2012 survey by the National Association of Colleges and Employers showed an overall conversion rate for turning interns into full-time employers hit an all-time high of 58.6%.
- One University study showed that on average, only 30% of graduating seniors have job offers prior to graduation, whereas this number rises to 58% for students who have completed internships.
If you would like to learn more about how an internship can enhance your educational experience and improve your marketability to employers or if you are an employer wishing to hire a student intern or recent graduate as intern, please email us at: info@talentsandskills.net
