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Posted May 27, 2019 by

Paid vs unpaid internships are key to landing a well-paying job upon graduation

One of the most basic factors separating students who find it relatively easy to find a well-paying job upon graduation from those who end up unemployed or underemployed is whether the students had internships or not and whether those internships were paid or unpaid.

According to results of the Class of 2019 Student Survey from the National Association of Colleges and Employers, “more than half of all graduating seniors who applied for a full-time job—53.2 percent—received at least one job offer. Within this group, 57.5 percent of students who had an internship and 43.7 percent of graduating seniors who did not have an internship received a job offer.”

In addition, the students who completed at least one internship prior to graduation were significantly more likely to receive multiple job offers for positions upon graduation. For those who completed at least one internship, the average student received 1.17 job offers. Those without an internship received 16 percent fewer job offers: an average of only 0.98 per student.

Another key factor was whether the internship was paid or unpaid. Many legal experts believe that unpaid internships are illegal unless the employer is a governmental or non-profit entity. But just because something may be illegal doesn’t mean that it doesn’t happen. Just think about the last time you drove a car. Almost everyone breaks at least one law every time they drive, whether that’s failing to come to a complete stop at a controlled intersection or driving even one mile per hour over the speed limit.

The impact of internship pay status was evident as well as 66.4 percent of According to NACE, 66.4 percent of class of 2019 graduates who had a paid internship received a job offer. On the other hand, just 43.7 percent of unpaid interns were offered a job. In other words, if you only graduate with an unpaid internship and your friend graduates with a similar but paid internship, she is 34 percent more likely to receive at least one job offer upon graduation. Ouch.

Posted August 12, 2013 by

38% of Internships With Corporations May Violate Fair Labor Standards Act

Marilyn Mackes of the National Association of Colleges and Employers

Marilyn Mackes of NACE

Nearly two-thirds of graduating seniors from the Class of 2013 took part in an internship or a cooperative education assignment during their years pursuing a bachelor’s degree, according to results of a survey of college students by the National Association of Colleges and Employers (NACE). NACE’s 2013 Student Survey found that 63.2 percent of graduating seniors from the Class of 2013 reported having taken part in an internship, co-op, or both. “This represents the highest overall participation rate since we began tracking this with the Class of 2007,” says Marilyn Mackes, NACE executive director. That’s the good news and, by way of context, only 57 percent of the Class of 2008 reported having  taken part in an internship, co-op, or both.

More than half of internships by Class of 2013 graduating seniors were performed at for-profit, private-sector organizations (56.3 percent). The remaining internships were undertaken at nonprofits (28.1 percent) and state, local, or federal government agencies (15.7 percent). (more…)