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  • In Real Dollars, the Average Wages for Interns, Co-ops Have Declined From 2010

    May 18, 2016 | By NACE Staff

    Compensation
    Researchers review various spreadsheets of data, analyzing intern/co-op compensation for the last several years.

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    The average hourly wage rate for interns enrolled in bachelor’s-degree programs has dropped from 2010 in terms of real dollars.

    NACE’s 2016 Internship & Co-op Survey found that when the average wage rate is adjusted for inflation using 2010 as the benchmark year, bachelor’s-level interns in 2016 earned $16.28, down from the average of $17 interns earned in 2010. (See Figure 1.)

    Likewise, 2016 bachelor’s-level co-ops also earned less than they did in 2010 when their average hourly wage rate is adjusted for inflation ($15.62 in 2016 vs. $17.02 in 2010). (See Figure 2.)

    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. The survey report will be available later this spring.

    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.


    Figure 2: Mean hourly wage rate for bachelor’s-degree level co-ops: 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.