• Hourly Rate for Interns Declines in Real Dollars


    CONTACT: Kevin Gray, 610.868.1421, ext. 139
    Andrea Koncz, 610.868.1421, ext. 121
    E-MAIL: kgray@naceweb.org
    akoncz@naceweb.org
    DATE: June 28, 2016
    SUBJECT: Hourly Rate for Interns Declines in Real Dollars

    BETHLEHEM, PA—Overall, the average hourly wage rate for interns has dropped 4.2 percent from 2010 in terms of real dollars, according to new report from the National Association of Colleges and Employers (NACE).

    NACE’s 2016 Internship & Co-op Survey found that, in nominal dollars, the average hourly wage rate for bachelor’s degree-level interns has climbed to $17.69, up from $17.20 last year. (See Figure 1.)

    However, when the average wage rate is adjusted for inflation using 2010 as the benchmark year, bachelor’s-level interns in 2016 actually earned $16.28, down from that average of $17 interns earned in 2010.

    Figure 1: Mean hourly wage rate for bachelor’s-degree level interns: 2010-16

    Source: 2016 Internship & Co-op Survey, National Association of Colleges and Employers
    Note: Inflation calculations were made using the CPI Inflation Calculator on the Bureau of Labor Statistics website.

    About the 2016 Internship & Co-op Survey: NACE’s 2016 Internship & Co-op Survey was conducted from November 9, 2015, to February 17, 2016, among NACE employer members; 271, or 26.9 percent, responded. Highlights from the 2016 Internship & Co-op Survey can be found at www.naceweb.org/internships/surveys.aspx.

    About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the employment of college graduates. For more information, visit http://www.naceweb.org. NACE maintains a virtual press room for the media at www.naceweb.org/press-releases.aspx.