• Internships/co-ops

    Among responding employers:

    • The number of internships and co-ops remained unchanged in 2015.
    • 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 geographic location of the school, academic majors offered, past recruiting experience at the school, and perceived quality of the programs.
    • It takes employers an average of 35 days from job-posting to interview and 16 days from interview to offer.
    • The average hourly wage for interns at the bachelor's degree-level is $17.20. The average hourly wage for interns at a master's degree-level is $23.83.
    • The highest salaries for bachelor’s degree-level interns were reported for computer science and engineering majors, while the lowest were reported for education, liberal arts, and social sciences majors.
    • The average hourly wage for co-ops at a bachelor’s degree-level is $17.36. The average hourly wage for master’s degree-level co-ops is $22.15.
    • By industry, the highest paid bachelor’s level co-ops were in the oil and gas extraction and chemical (pharmaceutical) manufacturing industries; the lowest paid were in the finance, insurance, and real estate, and retail trade industries.
    • The most common benefits for interns and co-ops include planned social activities, paid holidays, and recognition for work service time.
    • Interns and co-ops working for NACE employer members spend the majority of their time with analytical and problem-solving tasks and project management.
    • Overall, the most highly regarded skills in interns and co-ops were the ability to work in a team, the ability to obtain and process information, organizational and planning skills, verbal communication skills, and decision-making/problem-solving skills.
    • Overall, the most influential attributes for both internship and co-op positions were major, leadership experience, and grade-point average.
    • Where an employee held his or her previous internship or co-op experience—whether at the same employer or at a different employer—had little effect on one-year retention rates. This factor, however, was quite influential at the five-year benchmark.
    • The intern conversion rate was 51.7 percent. The co-op conversion rate was 37.8 percent.

    Source: NACE 2015 Internship & Co-op Survey