How Summer Can Change Your Future - WSJ.com:
We knew this, but real-to-life job experience is a HUGE asset to student...
Especially if it is in industry.
This study found that getting an internship was one of the most significant (statistically) to getting a job. Not grades, so much. Not Major so much.
Wow. A cool aspect was that that internship was almost not included in the study looking at what works for graduating students, and what not.
Even though the correlation was 14% more likely to be hired because of an internship in the industry, the real effect is far greater. Someone who interned at a company is often (usually) offered a job at that company. This follow-on hire of an intern was not included in the study.
An internship is a wonderful way for a student to "test drive" a company and a career path. Also a company gets to test drive a prospective, future candidate.
In fact, if an intern is free in the market place, then they were likely not hired at the company where they interned... That likely doesn't bode well for the candidate, because the follow-on jobs are typically their (to lose).
So universities without internships, probably need 'em.
But a continuation of the practical-experience metaphor is that maybe more "education" should be hands-on!... With a little hands-on experience during education, the application of the theory goes a LOT further.
What a difference a summer job internship makes. Even if you work for free, it could pay big dividends.
Although, the slave labor of a free intern is being challenged... Companies probably should just pay interns a paltry sum, plus some expenses.
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