The average hourly wage for 2020-21 bachelor’s level interns and co-ops was identical at $20.82 as both salaries continue an ascent seen in recent years.
Regardless of how employers ran their programs in summer 2021, the hybrid model is their favored modality for their 2021-22 internships.
Employers expect to boost their intern hiring by 22.6% for the 2021-22 academic year, while their hiring of co-ops is up 1.1% this year.
Employers anticipate hiring fewer interns and co-ops this year than they did last year, according to NACE’s 2021 Internship & Co-op Survey Report.
NACE research shows that paid internships benefit students in their initial post-graduation job search: more job offers, higher starting salaries, and a shorter search. 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.
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.
First-generation college students are overrepresented among “never interns” and underrepresented among paid interns.
NACE research shows that women are overrepresented among unpaid interns and underrepresented among paid interns.
NACE research shows that disproportionalities exist in terms of race/ethnicity and representation by internship attainment and pay type.
There are differences by internship status in the ways that students approach the job search and their expectations for their starting salaries.
The job offer rate for the Class of 2019 was strongly tied to internship experience and the pay status of those internships.
The conversion rates have climbed more than 10 percent for both Class of 2018 interns and co-ops.
This year’s hiring outlook for interns and co-ops is expected to continue the trend of positive movement seen over the past three years.
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.
Are intern salaries higher now than they were five years ago? In terms of both nominal and real dollars, the answer is yes.
While hiring for both internships and co-ops is expected to increase this year, the anticipated increases are relatively small.
This article provides highlights from the authors’ study, “The Impact of Unpaid Internships on the Career Success of Liberal Arts Graduates.”
Free downloads from the NACE Center: These studies examine how internships impact the development and initial career outcomes of college graduates.
GPA and the total number of internships a student completed as an undergraduate student are the major predictors of initial career outcomes.
Employers are projecting to hire 3.4 percent more interns and 6.3 percent more co-ops in 2017 than they did in 2016.
This article provides highlights from a study that looks how internships affected outcomes of Endicott College graduates six months and five years after graduation.
This article provides highlights from a study at Mt. Holyoke College that looks at how internships impact liberal arts majors.
Unpaid internships correlate negatively to student salary and employment outcomes, but do correlate to positive outcomes, according to a NACE Foundation study.
Even though unpaid internships correlate negatively to student salary and employment outcomes, they are not without value.
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 NACE’s 2016 Guide to Compensation for Interns & Co-ops.
Hiring for both internships and co-ops is expected to be down this year, although certain industries are forecasting hiring gains, according to results of NACE’s 2016 Internship & Co-op Survey.
Students who took paid internships or co-ops were more likely to receive an offer of full-time employment and a higher salary offer from their employers than were students who took unpaid internships or co-ops, according to results of NACE’s Class of 2015 Student Survey.
NACE research has found a strong positive relationship between a student having an internship and an increased probability of receiving a full-time job offer while searching for a job prior to graduation. NACE data to date, however, have not allowed for a full analysis of the relationship between having an unpaid internship and the prospects for full-time employment after graduation.
Overall unemployment rate
Bureau of Labor Statistics
Unemployment rate, bachelor’s degree grads age 20 – 24
Bureau of Labor Statistics
Overall increase in average starting salary, Class of 2022 over Class of 2021
Summer 2023 Salary Survey
Projected hiring increase for the Class of 2023
Job Outlook 2023 Spring Update