Summary
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. This report also includes historical
analyses of the data.
Highlights include:
- For interns, the offer rate is 70.4 percent, the acceptance rate is 79.6 percent, and the conversion rate is 56.1 percent.
- For co-ops, the offer rate is 50.2 percent, the acceptance rate is 79.3 percent, and the conversion rate is 39.9 percent.
- The one-year retention rate for intern hires with internal experience is 71.4 percent, while it is 59.0 percent for those with external internship experience.
- The average hourly wage for interns is up $0.32 to $19.05; this is the highest hourly wage thus far for interns.
- Planned social activities and paid holidays are the most offered benefits, as they are among the least expensive.
- Among employers that offer relocation assistance, 59.4 percent offer it to interns, while 28.7 percent offer it to co-ops.
- The average signing bonus offered to interns this year ($2,580) is less than the average offered to co-ops ($3,546).
May 2019. 8 1/2" x 11”. 30 pages. PDF format.
VIEW EXECUTIVE SUMMARY
If your organization participated in the survey, or you purchased a copy of the report, you can access the report at MyNACE > Research Reports.
View the accompanying 2019 Guide to Compensation for Interns & Co-ops report for detailed wage and benefit information by major, degree, year of study, company size, industry, and region. Save by purchasing the 2019 Internship & Co-op Report and Guide to Compensation for Interns & 2019 Co-ops Report Combo.