Summer internships offer an opportunity for young people to try out a profession and for employers to evaluate possible future hires. If you're hoping to turn your internship into a permanent position, experts offer these tips:
Recruitment firms are emphasising the importance of direct experience to the job role being more essential than the educational background of a job-seeker. This is something that I myself was shocked to realise when after numerous consultations with specialists regarding my curriculum vitae, I saw the impressive education section of my CV move from the top to practically the bottom in an attempt to persuade employers to give me an interview.
It's increasingly important in today's tough job market to get real-world experience on your resume. A good internship gives you a chance to get the skills you need, form connections with future employers, and sometimes make a pretty good salary.
The banking summer analyst and associate season is nearly upon us. In a few weeks’ time the lucky few will be congregating in clusters on the streets of London and Manhattan and feeling – momentarily – empowered.
Reader Mailbag on Internships
Reader "CM" writes ....
Just two weeks ago, our human resources department blocked us from taking on an unpaid summer intern. The college student did not have any professional experience, but was trying to do something productive with his summer. My colleague decided to give him a shot. HR blocked the internship for fear of breaking the law.
These days, it seems like interns everywhere are suing their old bosses. Hey interns — cut it out. You are extremely lucky to have an internship, even if it's unpaid. Look, I feel you. I had six internships before I was officially hired as a reporter. Out of those six jobs, two of them were unpaid.
Legal experts are warning of a wave of unpaid intern lawsuits after a judge found that two Fox Searchlight production interns were not compensated legally. It turns out it is really hard to meet all of the legal requirements for an unpaid internship.
“Hi Brian, Hope you’re doing well. I am halfway through my internship and, frankly, I am not enjoying it. Our firm is only working with its portfolio companies and I’m mostly doing market research and thinking about partnerships, looking at competitors, etc.
It's that time of the year. Wall Street summer internships have begun. Congratulations on scoring the position. Now it's time make sure you impress your peers and superiors with an appropriate internship wardrobe. Don't worry. We're here to help!
Internships are probably one of the industry’s most hated ways to ‘pay your dues’. Often they are associated with students, as 75% of students do an internship while attending or directly after a 4 year school. That number has doubled in the last 30 years.