2023 Guide to Compensation for Interns & Co-Ops Report


2023 Guide to Compensation for Interns & Co-Ops Report


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.