The 2020 Internship & Co-op Survey Report explores key aspects of employers’ internship and co-op programs, including hiring projections, conversion, retention, compensation (wages, benefits, relocation assistance, and signing bonuses), recruiting strategies (sourcing, recruiting techniques, selection), and program structure. This report also includes historical analyses of the data.
- Intern hiring was expected to increase 2.8 percent in 2020. Co-op hiring was projected to decrease by -0.8 percent. For interns, the offer rate was 68 percent, the acceptance rate was 81.6 percent, and the conversion rate was 55.5 percent. For co-ops, the offer rate was 42.1 percent, the acceptance rate was 86.7 percent, and the conversion rate was 36.5 percent.
- One-Year Retention: The one-year retention rate for intern hires with internal experience is 68.7 percent and 55 percent for those with external internship experience. The one-year retention rate for co-op hires with internal experience is 54.2 percent and 43.2 percent for hires with external experience. For hires that had no experience, the one-year retention rate is 40.3 percent.
- Five-Year Retention: The five-year retention rate for intern hires with internal experience is 42.2 percent. Those with external experience have a five-year retention rate of 39.8 percent. For co-op hires with internal experience, the five-year retention rate is 31.6 percent and 28.8 percent for those with external experience. The five-year retention rate for those with no experience is 29.1 percent.
It is important to consider the timing of the survey. Data collection took place from November 6, 2019, to February 7, 2020. Therefore, responses were submitted before the coronavirus situation escalated into a pandemic and do not reflect the changes employers made to their programs to account for travel bans, social distancing, economic fallout, and other factors that affected operations. Still, NACE is reporting the data pre-pandemic to illustrate where college internship programs were and to eventually help our field assess how the pandemic impacted these programs that are so important to college recruiting efforts
May 2020. 8 1/2" x 11”. 26 pages. PDF format.
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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 2020 Guide to Compensation for Interns & Co-ops report for detailed wage and benefit information by major, degree, year of study, company size, industry, and region. Save by purchasing the 2020 Internship & Co-op Report and Guide to Compensation for Interns & 2020 Co-ops Report Combo.