Employers Prefer Candidates With Experience Over a Degree from an Elite School
Burbank, CA (PRWEB) December 28, 2010
Internships.com, the web’s largest internship marketplace with over 40,000 internship job listings, announced the results of their Fall Employer Survey. The findings indicate strong trends in employer preferences, the online internships arena, and intern compensation.
When it comes to hiring interns, 93% of employers indicated that the most important qualification is “Relevant internships or experience.” The next two highly-rated qualifications were “Strong Resume/Cover Letter” and “Interview Performance.” These results indicate that students should learn how to quickly and clearly communicate their experience as well as their value to employers both on paper and in an internship interview setting. “Attendance at Preferred Schools” and “High Academic Performance” were the two lowest-rated qualifications, indicating a heavier reliance on highly valuable relevant experience and interview skills vs. a student’s educational pedigree.
With regard to the internship marketplace, the survey revealed a significant increase in employers that are starting their own internship programs. Of surveyed employers, almost half (40%) had brand-new programs this year. This is in contrast to the 26% of employers which have had internship programs in place for at least 5 years.
The online internship marketplace is also expanding: employers are increasingly using the web to find and research interns. Of surveyed employers, 41% have posted 3 or more internships on Internships.com. Of these, 99% of employers have already received at least 1 application from students, and 53% found their interns using internships.com. In addition to posting internships online, 52% of employers look up applicants on Facebook, Google, MySpace, LinkedIn, and other sites.
Indicating further confidence in interns and in the value they provide to employers, 40% of employers offer their interns some form of compensation – whether it is an hourly wage, flat rate, or stipend. Attesting to the value of internships beyond compensation, 43% of surveyed employers have made a full-time employment offer to at least one of their interns.
“Employers recognize that interns have a positive effect on their business, and that Internships.com is the best place to find the most qualified interns,” stated Robin Richards, CEO of Internships.com. “Students who are looking for an edge in this difficult economy should look no further than internships to provide that advantage.”
Internships.com, the web’s largest internship database, serves as the leading nexus between internships and students, higher education and employers. At Internships.com, we develop world-class tools and services to enable every student, employer and educator to better understand and optimize the work opportunities of the future. Internships.com is based in Los Angeles, California. More information is available at http://www.internships.com. Follow Internships.com on Twitter at http://www.twitter.com/internships or on Facebook at http://www.facebook.com/internships.com for tips on finding internships, hot internship listings, and internship advice.