• Current Benchmarks

    • 96.9 percent of responding employers plan to hire interns and/or co-op students in 2014.

    • Recruiting new hires is the primary focus of internship programs by 77.6 percent of employers and co-op programs by 62.6 percent of employers.

    • 62.3 percent of an intern/co-op’s time is allocated to analytical, problem-solving, and project management-related tasks.

    • Recruiters prefer high-touch recruiting methods for intern/co-op recruiting.

    • Career fairs and on-campus recruiting comprise more than half of employers’ recruiting budgets for interns and co-op students.

    • Career fairs and on-campus recruiting are rated highest in effectiveness for recruiting interns and co-ops.

    • Employers choose schools for recruiting interns and co-ops based on academic majors offered, perceived quality of the programs, and past recruiting experience at the school.

    • Employers reported that 97.5 percent of their internships would be paid in 2014.

    • The average hourly wage for interns at the bachelor’s degree level is $16.35.

    • The average hourly wage for interns at a master’s degree level is $22.50.

    • The most frequently offered benefits include planned social activities, paid holidays, and recognition for work service time.

    • Employers made full-time offers to 64.8 percent of their interns; 56.8 percent of their co-op students.

    • 79 percent of interns accepted a full-time job offer with their internship employer; 82.2 percent of co-op students accepted a full-time job offer.

    • After one year, employers retain about three-quarters of their new college hires who have internship experience.

    • After one year, employers retain more than 50 percent of new hires who completed a co-op program.

    Source: 2014 Internship & Co-op Survey, National Association of Colleges and Employers

Current Benchmarks