Internship Experience Makes Students More Hire-Able After College
We’re living in an employment reality which is even tougher on younger people. In March 2011, the unemployment rate for 20-24 year olds was 15%, nearly double the average of the U.S. for that month (8.8%), according to the Bureau of Labor Statistics*.
With this kind of unemployment rate, students need every advantage they can get to secure employment after graduation. Internships are one of the best ways to get this advantage, as well as gain invaluable experience, develop their network, and help them set career goals.
Employers view internships as a necessary training-ground for entry-level candidates, and internship experience enhances how candidates are viewed by employers. According to National Association of Colleges & Employers (NACE):
- 83% of their member companies said that internships programs are designed to help the organization recruit entry-level college hires
- When applying for jobs:
- Only 30% of seniors without internship experience received a job offer
- 42.3% of seniors who had internship experience received a job offer
- Of all new hires, 62% had internship experience
* Bureau of Labor Statistics, April 1, 2011