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The value of an internship

Published: Wednesday, 18 April 2012   Category: All Graduate Jobs News

Despite the controversy recently linked to internships (particularly the issue of wages), a new study suggests that internships can be very important in order to secure a full-time position after graduation.

The Graduate Management Admission Council (GMAC) - a non-profit organisation of leading graduate business schools around the world - asked graduates and employers about their opinions and experience of internships in a recent survey.

According to the results, 42% of the MBA and other specialised masters’ graduates that participated in an internship while in school were 26% more likely to have a graduate job offer finishing university compared to their classmates without the internship experience.

When employers were asked, they suggested that internships are one of the best ways for candidates to prove themselves in their chosen sector of employment.

From intern to full time employee

As the research reveals, the transition of a student from an intern to a full-time employee was particularly notable in both the consulting and high tech sectors.

"The value of an internship can't be underestimated - for both the employer and the employee," said Michelle Sparkman-Renz, director of research communications at GMAC.

"Whether or not a candidate has work experience, internships are effective in helping students realise their career ambitions. And in a hyper-competitive job market, an internship is a great way for a student to shine and get their resume put on the top of the pile when applying for a full-time job at the company."

The value of internships is probably something that the majority of recent graduates are beginning to understand more and more these days. The recent furore regarding whether or not internships should be paid positions has pushed the issue further into the spotlight.

What do you think? Should internships ALWAYS be paid positions? Do you think an internship is the ideal way to prepare somebody for the graduate jobs market?

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