National Association of Colleges and Employers
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  • 2023 Guide to Compensation for Interns & Co-Ops Report

  • Summary

    Internship and cooperative education programs are among the most effective means employers have for identifying potential new hires. Paid internships and co-op programs ensure that employers can compete effectively for talent, help build a more inclusive pool of potential interns/co-ops, and remove legal barriers that unpaid programs face.

    This guide—based on actual wages and benefits provided for 2021-22 interns/co-ops—includes data for average hourly wage by degree, academic major, year of study, industry, company size, and region, plus benefits.

    Degrees include:

    • Associate
    • Bachelor’s
    • Master’s
    • Doctoral

    Majors include:

    • Accounting
    • Actuarial Science
    • Agricultural Science
    • Business Administration
    • Communications
    • Computer Science
    • Economics
    • Education
    • Engineering
    • Finance
    • Human Resources
    • Humanities/Liberal Arts (e.g., English, History, etc.)
    • Law/Paralegal
    • Marketing
    • Math/Statistics
    • Physical Sciences
    • Social Sciences (e.g., Psychology, Political Science, etc.)

    Industries include:

    • Accounting Services
    • Chemical (Pharmaceutical) Manufacturing
    • Computer & Electronics Manufacturing
    • Construction
    • Engineering Services
    • Finance, Insurance, & Real Estate
    • Food & Beverage Manufacturing
    • Information
    • Miscellaneous Manufacturing
    • Miscellaneous Professional Services
    • Miscellaneous Support Services
    • Motor Vehicle Manufacturing
    • Retail Trade
    • Transportation
    • Utilities
    • Wholesale Trade

    March 2023. 8 1/2" x 11". 66 pages. PDF format.

    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 2023 Internship & Co-op Report for hiring projections, conversion, retention, compensation (wages and benefits), recruiting strategies, and program structure. Save by purchasing the 2023 Internship & Co-op Report and Guide to Compensation for Interns & 2023 Co-ops Report Combo.