1.2: Students- Pursuing an Internship
- Page ID
- 46083
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)Reasons to Pursue an Internship
Timing Considerations
School Calendar | On-Campus Recruiting Schedule | |
---|---|---|
Aug. | School begins | Companies begin screening résumés for summer internships. |
Sept. | Semester in full swing | Companies begin marketing opportunities on campus and continue to screen résumés. |
Oct. | Midterms | Companies begin on-campus interviewing and some summer offers are extended. |
Nov. | Preparation for end of semester; finals next month | Some summer offers must be accepted or declined. Summer intern candidates send résumés and apply for positions. |
Dec. | Semester ends; winter break begins | Summer candidates continue to apply for summer opportunities; some are contacted for interviews. |
Jan. | Winter break, classes begin mid- to late Jan. | Summer candidates are contacted for on-campus interviews. Interviews begin. Some offers are extended. |
Feb. | Semester in full swing | Some offer deadlines are extended. Interviews continue. Some have deadline acceptance dates. |
Mar. | Midterms | Interviews trail off. Most summer opportunities have been accepted or declined. |
Apr. | Semester winding down; finals next month | Summer new hire paper work sent to future interns. |
May | Classes end; some internships begin | Some summer internships begin. |
June | Summer internships begin and are soon in full swing | Remaining summer internships begin and are soon in full swing. |
July | Summer internships in full swing, ending early Aug. | Summer internships in full swing, ending in early Aug. |
Note: Certain industries have more aggressive recruiting timelines than others. For example, investment banking, sales and trading, and consulting are typically the first industries to conduct on-campus interviewing in both the fall (September and October) and the spring (January and February). All other industries typically recruit later in the academic year: technology, marketing, communications, teaching, and so forth. It’s best to check with career services, and with your classmates one or two years ahead of you, regarding this schedule, so you are best prepared. Note also that this chart represents only those companies that come to your campus to recruit. A vast number of opportunities are available, but not every opportunity will be listed with your career services office. Searches in the field of health care, teaching, and communications, to name a few, have to be managed off campus, where you are responsible for networking with decision makers, sending your marketing materials (your résumé, cover letter, and so forth), and obtaining interviews. This is challenging, but using the six-step job search process outlined in this book will help keep you on track. |
Internship Performance
Internship Compensation
Differentiating Factor | How Salaries Differ |
---|---|
Industry | |
Size of company | Big companies are more likely to have structured programs with higher pay (That said, sometimes small companies offer higher pay to stay competitive.) |
Role or functional area of intern | Technical jobs (e.g., IT, engineering, graphic design) often pay more than other roles |
Geography | Major metros often pay more than smaller geographies |