There are many factors to consider as students prepare themselves for summer jobs internships. They’ll be looking for companies they may want to work with one day and positions they’re interested in learning more about. They’ll hope for internship opportunities that pay them a stipend and give them college credit. Ideally, they’ll find a place brimming with other young minds and full of hands-on experiences doing more than just running copies and pouring coffee. Unfortunately, many students end up settling for less, given the fierce competition for internship programs these days. The good news is that there are still employers willing to pay their interns — if one knows where to look.
Topping many lists of premium jobs internships is PriceWaterhouseCoopers. In 2009, this mega-employer had more than 2,800 intern positions and stated that they “place enormous importance” on their internship programs because “interns represent a significant source of talent” for the firm. Interns work with mentors, attend workshops, perform practice exercises and try their hand at numerous accounting tasks. Following the $23.80/hour internship opportunity, 88% of interns were offered a job and 87% of them accepted.
Similarly, Ernst & Young, another accounting firm, had more than 2,200 jobs internships in 2009, which paid $25/hour. “As an intern here, you’ll be part of a global organization, working alongside committed professionals as you develop the skills you’ll need to succeed,” their website proclaims. Interns will work with various clients in different industry sectors performing tasks like audit reviewing, tax planning and marketing strategy development. In the end, Ernst & Young extended job offers to 98% of interns and 92% accepted.
Of course, all of the top jobs internships aren’t in accounting, although finance does account for a large portion of the top-paying and hiring firms. Consulting and insurance offer a number of internship opportunities, with firms like Travelers, Prudential, Progressive, American International Group, Navigant Consulting, Protiviti, Bearingpoint and Accenture offering paid positions. Insurance positions paid between $15 and $17 an hour, while consulting jobs paid more than $20. For those with a knack for business, there are ample ways to get involved.
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