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Page 1: STATE OF COLLEGE HIRING - USA TODAY College · Top intern/job city choices among college students and recent graduates by degree ... ©Looksharp | State of College Hiring 2015 Page

©Looksharp | State of College Hiring 2015 Page | 1

STATE OF COLLEGE HIRING

2015

Published by:

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Copyright© 2015

Looksharp

All rights reserved. This publication may not be reproduced, stored in any information or retrieval system or

transmitted in whole or in part, in any form or by any means — electronic, mechanical, photocopying, recording or

otherwise — without the express written permission of Looksharp.

For questions or comments, please contact:

Nathan Parcells | CMO | Looksharp at [email protected]

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About Looksharp:

Looksharp helps launch the career of every student. Looksharp owns and operates InternMatch.com (our

internship specific platform) making Looksharp the largest internship and entry-level job marketplace in the

United States with over 10 million students using the site annually. Customers include Facebook, Amazon,

Charles Schwab, Disney, Boeing and thousands of startups, SMEs and non-profits. Looksharp is free for students

allowing them to build rich professional profiles, apply for internships and jobs, and access leading career

resources. Employers use Looksharp to improve their on campus recruiting process, manage their candidate

pipeline, showcase their employment brand and expand their hiring reach to more students and campuses.

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Report Highlights

In 2015, students are finding tremendous value in internships. Internships help students develop experience, better understand their careers, and increase future job prospects and salaries. At the same time, 2014 graduates and current seniors are struggling in the entry-level job market, experiencing unusually high unemployment and underemployment. STEM majors (science, technology, engineering, and math) are the exception, being in demand and seeing significantly higher salaries than their peers. Using the feedback of more than 50,000 college students and recent graduates (making this the largest internship and entry-level job survey of all time), this report highlights numerous ways in which students can differentiate themselves and stand out in the marketplace, as well as how employers can understand these trends to improve their college hiring strategies.

Creating an edge in the job market Students take many different initiatives to get an edge in the job market upon graduation.

Internships: The more internships a student takes, the more likely they are to lock in full-time job offers. For this reason, students are now doing internships earlier in their career. Sophomore year is the most common year for students who have internship experience to complete their first internship.

Keeping up GPAs: The share of seniors with full-time job offers among those with higher-than-average GPAs is nearly twice that of those with below-average GPA scores.

Online profiles: 72.1 percent of students leverage online career profiles to showcase their experience, in particular on LinkedIn and Looksharp.

Online courses: 26.0 percent of students have taken online courses through companies like Coursera, Udemy, GeneralAssembly and CodeAcademy — of which 41.6 percent highlight them on their resumes.

Computer science classes: 53.4 percent have taken computer science classes regardless of major, oftentimes with the express purpose of standing out in the job market.

Landing a professional job post graduation Internships increase a student’s odds of finding full-time employment upon graduation, but only if they are paid. Students with paid internship experience are 3x more likely to receive a job offer than those with unpaid internship experience—a student with only unpaid experience is just as likely to have a job offer as a student with no internship experience at all. Overall, internships appear to drive job satisfaction: 77.2 percent of students made minor or significant changes to their major/career choices as a result of their internship experience. Consequently, 2014 grads with internship experience are more likely to work in their field of study and be satisfied with their first professional job. Seniors show a great willingness to move (81.7 percent) or participate in post-graduation internships (74.7 percent) to get a foot in the door. They are less willing to settle on a job culture or work/life balance that they consider less than ideal. The latter is more important among Millennials than their older counterparts and easily makes the top five list of most important attributes when seeking internships. Student debt also influences the job search, according to 53.5 percent of respondents.

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The dream employer The top factors students care about in an employer are opportunities for long-term career advancement, relevance to ones major, mentorship, work/life balance, and clearly defined assignments. Companies of all sizes draw interest for jobs, but midsize companies (50-500 employees) draw the greatest interest, at 42.0 percent. Across majors and genders, the most desirable industries are marketing/PR/advertising agencies, followed by the entertainment/music industry, government, technology, and consulting. Significant gender bias relative to the choice of majors and industry preferences remains. Top city picks are New York City, Los Angeles, and San Francisco.

The compensation debate Compensation is not a top five attribute when considering internship factors. Furthermore, 61.0 percent of students say they are not upset by unpaid internships. However, the hourly wage considered fair has gone up substantially in 2015 to $13.02, up from $12.45 last year (averages differ substantially based on major, location, year in college, and more). A look at students' most recent endeavors shows that paid internships did increase, but are not yet the norm, at 52.5 percent. The chances of being paid improve with years in college, but the biggest influencer on being paid is major—with over seven in 10 interns in engineering, computer science, accounting, and finance being in paid internships.

Landing the internship Nearly two-thirds of students use social media in their internship search; the most common uses being to research the employer or to attempt to network with key employees. Students should be prepared for doing in-person interviews, as was the case for more than eight in 10 students during their most recent internship. The top ways to search for opportunities are online searches, friends, career fairs, family, and internship websites, including Looksharp.

Table of Contents

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Report Highlights ............................................................................................................................... 5 The Role of Internships ...................................................................................................................... 9

Seven in Ten Students Believe Internships Should Be Mandatory ........................................................... 9 Students Place Greater Emphasis on Career Advancement Opportunity .............................................. 10 The Compensation Debate and Students’ View of a Fair Hourly Wage ................................................. 12

Paid Internships Increase From 2014, But Are Not Yet the Norm ...................................................... 13 Majors with a higher likelihood of receiving compensation are: ....................................................... 14 Industries more likely to pay student interns are: .............................................................................. 14 The top cities most likely to have paid internships are: ..................................................................... 14

Internship Preferences ..................................................................................................................... 14

Marketing/PR and Ad Agencies Are Top Picks; Technology Companies Drop ....................................... 15 New York, Los Angeles and San Francisco Are Top Student Picks .......................................................... 16 Dream Internships Include Specific Mentors, Companies and Industries .............................................. 16

Preparing for Internships .................................................................................................................. 18

Students Leverage Online Career Profiles .............................................................................................. 18 LinkedIn and LookSharp Are the Online Career Profiles of Choice ......................................................... 18

Email and Phone Remain Top Ways to Contact Students About Internships ......................................... 18 One-Quarter Takes Additional Online Courses to Build Experience ....................................................... 19 Computer Science — A Desirable Subject Regardless of Major .............................................................. 20 Computer Science Majors Driven by Personal Interest and Good Job Prospects ................................... 20 Insights From Former Interns ........................................................................................................... 21

Completed Internships ............................................................................................................................ 21 Sophomore Year Key in Starting to Build Work Experience ................................................................... 21 Internship Search Encompasses Multi-Prong Outreach ......................................................................... 22 Nearly Two-Thirds of Students Use Social Media in Internship Search .................................................. 22 Students With Greater Number of Internships Tend to Cast a Wider Net ............................................. 23 Interns Should Count on Doing In-Person Interviews ............................................................................. 23 Significant Overlap in Preferred and Actual Internship Locations .......................................................... 24 Overlap Between Desired and Actual Industries As Well ....................................................................... 24

Seniors and the Entry-Level Job Market ............................................................................................ 25

Internship Experience Affected Career Choices for Three-Quarters of Seniors ..................................... 25 Paid Internships Help Students Lock in Jobs Early .................................................................................. 25 Students Are Flexible on Location, but Less So on Settling on Work-Life Balance ................................. 26 Small Disconnect Between Expected and Actual Starting Salaries ......................................................... 27 Student Debt Significantly Influences Job Search and Choices .............................................................. 28

Insights from No-Internship Students ............................................................................................... 28

Internship Demand > Offering ................................................................................................................ 29 Students Who Searched Unsuccessfully Submitted Equal or More Applications .............................. 29

Students Who Sought Unsuccessfully Used Equal Number But Different Tools .................................... 30 Hands-On Search Tips and Interview Preparation Top Needs ................................................................ 31 Summer Classes Main Barrier for Students Not Seeking Internships ..................................................... 31

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Job Market Insights From 2014 Graduates ........................................................................................ 32

Less Than Half of 2014 Graduates Have Full-Time Professional Jobs ..................................................... 32 Majors with Best Job Prospects .......................................................................................................... 32

Job Search Averaged One to Six Months for Most ................................................................................. 33 Internships Help Graduates Find Jobs That Meet or Exceed Expectations ............................................ 33 Internships Help Graduates Find Jobs Within Their Majors ................................................................... 33

Degrees with the Greatest Likelihood of Working in the Same Field ................................................. 34 Methodology ................................................................................................................................... 35 Sample Description .......................................................................................................................... 35 Appendix ......................................................................................................................................... 39

Appendix 1: ......................................................................................................................................... 39 Top intern/job city choices by region compared with top paid cities by region ................................ 39 Appendix 2: ......................................................................................................................................... 41 Top intern/job city choices among college students and recent graduates by degree ...................... 41

Notes ............................................................................................................................................... 43

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Yes,

70.8%

No, 29.2%

Should internships be a mandatory part of a

college degree?

4.9%

20.2%

42.2%

18.6%

14.1%

7.4%

22.3%

42.0%

17.3%

11.0%

Startup Small(<50)

Medium(50-500)

Large(501-5000)

Mega(>5001)

Preference for size company2014

2015

The Role of Internships

Seven in Ten Students Believe Internships Should Be Mandatory Up from 66.5 percent last year, 70.8 percent of students believe internships should be a requirement when obtaining a college degree. This belief gets stronger along with the number of years students have been in college: 66.3 percent of freshman students believe internships should be mandatory compared with 70.8 percent of seniors and 77.5 percent of students who graduated in 2014. There is also a direct correlation between prior internship experience and the belief internships should be mandatory. For example, only 65.7 percent of those without prior internship experience feel they should be required, versus 77.3 percent who have participated in three or more. Additional groups who are more likely to feel internships should be mandatory are: Hispanic (77.9 percent) and African American students (77.4 percent); women (73.0 percent); students with average GPA scores of less than 3.0 (71.7 percent); and students enrolled in majors such as business, accounting, computer science, graphic design, and marketing versus those enrolled in academic programs.

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Midsize Companies Reign, but Startup/SMB Interest is on the Rise Midsize companies, defined as having 50 to 500 employees, draw the greatest interest with 42.0 percent of the preferred company size vote. Compared with last year, students cite a greater interest in internships at startups and small companies, defined as having fewer than 50 employees. Company size preferences do differ: Students with several prior internships are more likely to prefer startups or smaller companies

(combined 36.5 percent versus 29.7 percent overall). On the other hand, students with prior military experience are more likely seek out large

multinational companies, at 15.8 percent. Male students are more likely to favor startups (9.6 percent versus 5.9 percent among women),

whereas women prefer midsize companies (44.7 percent). Students in business majors are much more likely to prefer internships at large (19.9 percent) and

multi-national companies (13.4 percent), whereas students enrolled in academic majors, such as English, history, or philosophy, are more likely to prefer small (28.8 percent) or midsize companies (43.6 percent).

Regionally, interest in startups is highest among students on the West coast (9.8 percent) versus 5.7 percent in the South and 5.6 percent in the Midwest.

Students Place Greater Emphasis on Career Advancement Opportunity

More than seven in 10 college students deem opportunities for long-term career advancement very important when searching for internships. This is followed by ensuring internships closely match their field of study and having access to executives and mentorship.

17.5%

19.4%

30.9%

31.1%

38.0%

43.0%

43.5%

50.0%

55.8%

57.4%

61.2%

66.4%

73.0%

“Green” company

After work activities

Prestige (well-recognized name)

Community involvement

Flexible hours

Diversity

Receiving compensation

Location

Clearly defined assignment

Work-life balance

Access to executives and mentorship

Relevance to my major/minor

Career advancement opportunity

Importance of internship attributes(% Very important)

Average score on 4-pt scale, where 4=very important

3.70

3.58

3.56

3.49

3.48

3.38

3.29

3.18

3.17

3.01

3.05

1.69

1.67

Change versus 2014 findings

+

=

+

+

+

+

-

+

+

+

=

=

=

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Some findings of note: Up 5.6 percentage points from 2014, students seek out internships that offer opportunities for long-

term career advancement. This is even more important to women, at 76 percent. The importance of future job potential and career relevance goes up along with the number of

years in college. First- or second-year students are more likely to emphasize a convenient location, a well-recognized company, and flexible hours.

The largest increases in importance compared with last year are measured for diversity (up 12.2 points) and having access to mentorship, up to 61.2 percent from 51.5 percent in 2014.

Students who have served, or are serving, in the U.S. Armed Forces are more likely to emphasize career advancement opportunities, relevance to their field of study, flexible hours, and having clearly defined assignments.

Work/life balance

Millennials place greater emphasis on a good work/life balance than their older counterparts. While not a top-tier attribute, it easily makes the top five with 57.4 percent of students considering a good work/life balance when doing internships very important, up 8.2 percentage points from last year. Female students place greater emphasis on work/life balance, at 60.7 percent versus 52.9 percent of males. When describing their dream internship, one respondent wrote, "Doing something really cool in environmental science or conservation, preferably working on the water (Chesapeake Bay, Atlantic Ocean, Great Lakes) that is impacting a community (or a larger scale population) while still making a little bit of money and having nights and weekends off to relax." Internship attributes Very

important

Somewhat

important

Not too

important

Not at all

important

Average 2015

Average 2014

Opportunities for long-term career advancement 73.0 23.8 2.8 0.3 3.70 3.62

Relevance to my major/minor 66.4 26.5 5.9 1.1 3.58 3.58

Access to executives and mentorship 61.2 33.8 4.6 0.5 3.56 3.42

Work-life balance 57.4 35.6 6.1 1.0 3.49 3.36

Clearly defined assignment 55.8 36.9 6.8 0.6 3.48 3.39

Receiving compensation 43.5 43.3 11.6 1.5 3.29 3.32

Diversity 43.0 36.8 15.9 4.3 3.18 2.92

Flexible hours 38.0 43.5 16.5 2.0 3.17 3.00

Prestige (well-recognized company) 30.9 46.2 20.1 2.8 3.05 2.97

Community involvement 31.1 43.4 21.5 4.1 3.01 2.86

Location 50.0 39.9 8.7 1.4 3.38 --

After work activities 19.4 38.7 32.6 9.3 1.69 2.46

“Green” company 17.5 40.9 32.4 9.2 1.67 2.49

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61.0%

39.0%

Opinions on paid vs. unpaid internships

Ideally, all internships would be paid,but the experience is valuable tooand I'm ok with unpaid opportunities

All internships should be paid

The Compensation Debate and Students’ View of a Fair Hourly Wage Another hotly debated internship topic is that of compensation. While compensation falls just outside the top five most relevant internship attributes, being paid is important to students—albeit slightly less so than last year. Being paid when considering various internship attributes is more important... Among students who are close to obtaining their college degrees. To those who have already completed one or more internships. Among students in business-oriented degrees, such as finance,

accounting, and computer science. Straight-up opinions on whether internships should be paid or not shows an equally divided picture on compensation: 61.0 percent believe experience is valuable too and while ideally all internships should be paid, they are ok with some unpaid opportunities. Thirty-nine percent believe that regardless of experience, industry, or major, all internships should be paid. Male students are slightly more likely to think so, at 43.2 percent. The survey probed into what students believe constitutes a fair hourly wage. Amounts ranged from zero to $100 an hour and included descriptions such as 1.2 or 1.5 times the minimum wage. Some also noted that a fair amount would depend on responsibilities. Hourly wage considered fair averages $13.02, with a median of $12, up from $12.45 last year.

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6.2%

10.0%

31.3%

52.5%

Stipend

Unpaid but with college credit

Unpaid

Paid

Compensation situation for most recent internship

Beliefs in a fair internship wage, varies substantially:

Male students: $14.37 Female students: $12.01 Northeast: $12.98 Midwest: $12.71 South: $12.50 West: $13.54

Freshmen: $12.06 Sophomores: $12.11 Juniors: $12.46 Seniors: $12.47 Grad students: $17.96 Business-oriented

majors: $14.54 Academic-oriented majors: $11.35

Paid Internships Increase From 2014, But Are Not Yet the Norm

Describing their most recent internship, 52.5 percent of seniors were paid, up from 48.3 percent in 2014.

$12.78 (MD)

$12.33 (DC)

$12.12

$13.24

Male Female 4-yr college Grad school

62.8% 45.2% 52.9% 60.1%

25.7% 35.2% 31.7% 26.0%

5.4% 6.8% 5.3% 5.2%

6.1% 12.7% 10.0% 8.7%

$15.37

$13.62 $12.18

$13.62

$12.05

$13.37

$11.49

$12.70

$14.39

$12.20

$10.09

$12.37

$13.70

$11.97

$12.56

$12.28

$12.64

$11.73 $12.33

$12.58

$11.96

$12.16

$11.88 $11.22

$12.68

$13.04 $12.31

$12.85

$13.04

$12.17 $11.62

$11.87 $12.31

$11.69

$12.77

$10.74 $12.52

$13.01

$12.35

$13.02 (DE)

$12.78 (NJ)

$13.08 (CT)

$13.09 (MA)

$12.57 (NH)

$12.36 (RI)

$11.62 (VT)

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Majors with a higher likelihood of receiving compensation are:

Engineering 79.4%

Computer science 77.7%

Accounting 76.9%

Finance 72.6%

Mathematics and statistics 67.8%

Skilled trades and construction 67.3%

Agriculture 66.2%

Architecture and planning 65.7%

Economics 63.5%

Military science 61.6%

Business 60.9%

Industries more likely to pay student interns are:

Transportation 87.5%

Manufacturing 84.2%

Oil/gas/utilities 84.1%

Construction 81.0%

Technology (hardware/software) 79.6%

Banks/financial institutions 78.9%

Services companies 73.3%

Retail trade 70.0%

Consulting/professional services 68.0%

Agriculture 63.1%

Hospitality 61.9%

The top cities most likely to have paid internships are: Omaha, Nebr. 81.1%

San Jose, Calif. 74.1%

El Paso, Tex. 72.8%

Milwaukee, Wis. 70.1%

Houston, Tex. 69.1%

Denver, Colo. 68.1%

Indianapolis, Ind. 67.9%

Oklahoma City, Okla. 67.0%

Dallas, Tex. 65.6%

Jacksonville, Fla. 65.4%

Minneapolis, Minn. 65.3%

In summary, top student picks in terms of industries and cities (as seen later in the report) often do not coincide with the best chances of landing a paid internship. See Appendix 1 for preferred cities by region.

Conversely, majors receiving

compensation among less than

one-third of students are:

Arts Criminal justice Healthcare Social services

Sociology

% paid

% paid

% paid

Industries providing compensation

to less than one-third of students are:

Community organizations Film/movie/production Entertainment/music Journalism/writing/media Fashion

Cities providing compensation

to less than half of students are:

Baltimore, Md. Los Angeles, Calif. (41.1%) Miami, Fla. New York, N.Y. Sacramento, Calif. San Diego, Calif. Tucson, Ariz. Washington, D.C.

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Internship Preferences

Marketing/PR and Ad Agencies Are Top Picks; Technology Companies Drop

Students name Marketing and PR as their top industry for internships, at 35.9 percent. Entertainment industry and government internships follow in second and third place, whereas last year's number two (technology) decreases 7 percentage points and drops to fourth. A look at top picks by gender shows a strong divide in preference. Some examples of industries drawing a much greater preference among men include technology, banks and financial institutions, green tech, and the animation/gaming industry. Some examples of industries preferred by women include marketing/PR, journalism, healthcare, and fashion.

Preferred Industries

All

Students

Male Students Female

Students

Marketing/PR/advertising agencies, including graphic design/visual arts and photography

35.9% 27.7% 41.9%

Entertainment industry, including the music industry 29.7% 27.0% 31.7%

Government (federal, state and local) 25.8% 26.1% 25.6%

Technology (hardware and software) 22.7% 36.6% 12.6%

Professional services (consulting) 19.9% 25.0% 16.3%

Editorial/journalism/writing/publishing/media 19.0% 10.7% 25.0%

Healthcare, including hospitals, pharmaceutical as well as counseling, mental health and care

17.9% 14.7% 21.3%

Banks, financial institutions, including accounting and audit 16.4% 23.2% 11.4%

Film/movie/production companies 15.7% 12.8% 17.8%

Fashion and cosmetics 14.1% 5.8% 20.1%

Green tech 11.7% 15.1% 9.3%

Community organizations 11.5% 6.0% 15.6%

Education (K-12 through university) 11.2% 8.3% 13.4%

Manufacturing 7.9% 13.1% 4.1%

Hospitality, including event planning/management and tourism 6.5% 4.5% 8.5%

Animation/gaming industry 6.3% 9.8% 8.5%

Oil and gas extraction and utilities 5.5% 10.0% 3.1%

Retail trade 4.6% 4.7% 4.9%

Transportation 4.1% 6.8% 2.1%

Services companies (phone, insurance, etc) 3.5% 4.9% 2.5%

Construction, architecture and design 3.5% 5.4% 2.0%

Agriculture 3.0% 3.0% 3.1%

Industries and/or specific fields that were mentioned multiple times under “other” include: Aerospace, aeronautics, and airplane design. Animal care, rehabilitation, behavior, science, welfare, and husbandry and veterinary care. Biology, including research and biomedical engineering. Chemistry. Electrical engineering. Forensics and forensic psychology. Sports management. Fitness and health.

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Human resources. Nonprofit organizations, domestically and internationally. Law enforcement. International affairs, including NGOs, development, and relations. Museum work, including curator, galleries, art centers, and aquariums. Environmental, including conservation and education. Commercial and residential real estate. Consumer packaged goods (CPG) industry, including the food retailing industry. Defense contractor.

New York, Los Angeles and San Francisco Are Top Student Picks

New York is the most desired city for an internship or job with a wide margin over the number two, Los Angeles. Other top picks include Chicago, Washington, D.C., and Boston. At the state level, California scores highest with three placements in the top 10 preferred cities.

Top cities in which students would like to intern or work

1. New York City, N.Y. (24.5%) 2. Los Angeles, Calif. (15.0%) 3. San Francisco, Calif. (11.5%) 4. Chicago, Ill. (5.6%) 5. Washington, D.C. (4.9%)

6. Boston, Mass. (4.4%) 7. San Diego, Calif. (4.0%) 8. Seattle, Wash. (3.3%) 9. Denver, Colo. (2.3%) 10. Atlanta, Ga. (2.3%)

Preferred city differs widely by degree type, as demonstrated by some of the top majors represented in the survey. See Appendix 2 for more top 10 city choices by degree; Austin, Tex., Atlanta, Ga., and Denver, Colo. all show up frequently.

Finance Computer Science English Political Science Communications 1. New York - 36.3% 2. Los Angeles - 9.4% 3. Chicago - 6.8%

1. San Francisco - 28.2% 2. New York - 15.6% 3. Los Angeles - 8.8%

1. New York - 14.4% 2. San Francisco - 13.8% 3. Los Angeles - 9.8%

1. Washington DC - 26.3% 2. New York - 24.9% 3. Los Angeles - 10.6%

1. New York - 30.5% 2. Los Angeles - 23.3% 3. San Francisco - 8.4%

Dream Internships Include Specific Mentors, Companies and Industries

College students shared their ideas of what would constitute a dream internship. These ranged from detailed descriptions of responsibilities to particular companies and specific mentors. The range of examples spanned across all industries and company sizes, from the world's biggest companies and brands to small local clinics, auditing firms, and startups, to name a few of the more than 34,000 descriptions provided. Regardless of the company of choice, most students want internships that allow them to bring the knowledge they acquired at school into practice, develop new skills, learn from strong mentors, build their network, and prepare for the workplace.

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Below are a few verbatim quotes to illustrate the breadth of dream internships:

Specific organizations: YouTube: working on AdSense, their YouTube Partnership program, and original

content initiative. Writing, research and traveling; ideally for Vice Magazine/Newsroom or BBC. Writing at Saturday Night Live. Working within the Business Department for The Walt Disney Co. or for the UN headquarters. Working with the Press Secretary in the White House Working with the Leukemia and Lymphoma Society. Intern at Schlumberger. Working with the vets at either Busch Gardens or SeaWorld. Intern at Nike global headquarters in digital/creative department.

Embedded Hardware or Software Engineer Intern at some well-established

companies like Nvidia, Microchip, Mathworks, ARM, Nest, Intel, SanDisk or Seagate.

Specific mentors: Working with Warren Buffett. Working with Tyler Perry. Intern for Ari Gold. Intern for Autumn DeWilde (photographer). Interning for Mark Cuban. Interning with Ellen DeGeneres.

Specific ideas: Working within the fashion sector doing content marketing, specifically for a jewelry company with a small

team that I am able to work closely with. Working with underprivileged kids and helping them better themselves. Working within a large business that gives you a lot of hands-on learning and opportunities to connect

outside of the job with your peers and people you work under to gain a better perspective of what you are interested in and what you are capable of.

In the industry I'm passionate about, in the functional area I want to contribute to, with a development program to help me gain skills, where I can make a valuable contribution to the company.

In my dream internship first of all would be working in an area in which I can develop all my potential because the number 1 priority is growing professionally and personally. Then would come other factors like compensation, promotion possibilities, company culture and stability. In a dream internship I would stay on as a full time for a long time for the benefit of the company and my own.

In a perfect world I think all internships should be paid-- either by direct compensation or in other forms such as housing or temp-to-hire contract. My dream internship would have been one where I experienced all aspects of a position. In my case, being in the fashion industry, that means garment production from concept to sale, sitting in with buyers, and attending market.

Either working for an entertainment company (film, video game, TV) given real world assignments with guided oversight at first then working towards near freedom with only weekly check-ins to ensure we're on track and doing well. Or, working in a tech startup that is already well funded and built with brilliant people. They're still scrappy and need help on all fronts, so allowing me to get my hands dirty and diving into anything and everything that makes sense for me to.

A list of all descriptions can be provided upon request. Please email [email protected]

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Preparing for Internships

Students Leverage Online Career Profiles

More than seven in 10 students (72.1 percent) have developed online profiles for career purposes. The further along in their college education, the higher the likelihood of having an online career profile.

LinkedIn and Looksharp Are the Online Career Profiles of Choice

More than eight in 10 students have online career profiles. Unchanged from last year, LinkedIn and Looksharp (powering InternMatch) are the most frequently used profile sites, at 94.4 percent and 38.4 percent, respectively. Many students maintain more than one profile and 9.3 percent also have personally-built websites to showcase their experience. Students in academic-oriented majors are not only less likely to maintain online career profiles, but also tend to participate in fewer platforms than their business major counterparts.

All students

Business-

oriented

Academic-

oriented

Male

students

Female

students

Have online profile 82.1% 86.7% 76.4% 83.9% 81.8%

LinkedIn 94.4% 95.1% 94.4% 94.5% 94.3%

Looksharp/InternMatch 38.4% 38.8% 36.9% 39.5% 36.8%

Behance 2.7% 3.3% 0.8% 2.3% 3.0%

Github 4.1% 7.2% 1.0% 7.3% 1.8%

Personally-built website 9.3% 8.9% 5.5% 8.6% 9.9%

In addition to the big career/internship sites, students mentioned hundreds of other resources to establish online profiles. Examples include national and field-specific job search websites, blogs, social media, professional associations, and career services sites offered through their universities. For instance, one student wrote, "I have an Instagram account with more than 10,000 followers. I will leverage that to find internships and jobs." Some examples of other profile sites include: About.me Angelslist Academia.edu Carbonmade Cargo collective Carterbuilding Glassdoor hired.com

Instagram IMDB Indeed Monster Internship.com Issuu BridgeMyCareer Jobmate

School career service Staff me up Teamwork online Squarespace Viadeo Vimeo Collegefeed wix.com

Email and Phone Remain Top Ways to Contact Students About Internships

While 4.7 percent of students have no preferred way of being contacted about jobs, email is the top preference among 77.2 percent. This is followed by a wide margin by phone, at 16.7 percent. Female

Freshmen: 47.9%

Sophomore64.3%

Juniors: 72.7%

Seniors: 80.0%

Grad students: 89.6%

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students, but also younger students who are just starting their college career, are more likely to prefer email and less likely to favor the phone. These findings are largely unchanged from 2014.

Other preferred ways to be contacted by internship recruits include: LinkedIn Whatsapp Email and phone Twitter

One-Quarter Takes Additional Online Courses to Build Experience

Twenty-six percent of students have taken online classes outside their college curriculum to support skills learned in class. Examples are Coursera, Udemy, and CodeAcademy. Participation in online courses grows along with the number of years in college but is particularly high among grad students (including Master's and PhD's), at 40.1 percent.

Among students who have taken online classes, 41.6 percent highlight these on their resumes. With their higher likelihood of doing online classes, 44.7 percent of grad students include these on their resumes.

0.4%

1.0%

4.7%

16.7%

77.2%

Facebook

Text message

No preference

Phone

Email

Preferred manner to be contacted about internship opportunities

26.0%

33.2%

20.7% 19.5% 18.8%

21.4% 23.5%

40.1%

All Malestudents

Femalestudents

Freshmen Sophomores Juniors Seniors Grad students

Taken online courses outside of college curriculum

Male Female Freshman Senior

74.5% 79.2% 79.1% 76.0%

18.7% 15.2% 13.0% 18.3%

5.0% 4.5% 5.6% 4.6%

1.2% 0.8% 1.7% 0.7%

0.6% 0.3% 0.6% 0.3%

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Computer Science — A Desirable Subject Regardless of Major

More than half of students have taken at least one computer science (CS) related class, which ranges from 39.7 percent of freshmen to 60.1 percent of grad students. Students in business majors in particular are highly likely to take one or more computer science classes, at 68.6 percent versus only 33.1 percent of students in academic majors.

Computer Science Majors Driven by Personal Interest and Good Job Prospects

Of the roughly 2,900 students in the study who are majoring in computer science, 84.6 percent say they are doing so because it matches their personal interest.

53.4%

62.9%

46.5%39.7%

49.5%

54.2% 56.0%60.1%

68.6%

33.1%

All Malestudents

Femalestudents

Freshmen Sophomores Juniors Seniors Gradstudents

Businessmajors

Academicmajors

Non-CS Majors Who Have Taken at Least One CS Course

61.4%

76.4%

84.6%

Goof for future pay prospects

Good for future job prospects

Matches my personal interest

Reasons for choosing computer scienceComputer science majors:

Male: 74.4% Asian American: 25.4% Fair internship wage:

$18.98 Graduate program: 22.7% #1 internship city: San

Francisco

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Insights From Former Interns

Completed Internships While almost one-third of students have not participated in any internships, those who have average between one and two. Intern experience varies widely by years in college and major, with academic majors not only more likely to have participated in internships, but also averaging more than business majors. All Male 33.1% 30.7% 21.0% 10.0% 3.1% 2.1% Female 31.3% 28.9% 20.4% 11.4% 4.9% 3.2%

Freshmen 63.6% 24.3% 8.2% 2.8% 1.1% 0.0% Sophomores 51.1% 30.3% 12.5% 4.4% 1.0% 0.7% Juniors 38.5% 32.0% 18.0% 7.8% 2.3% 1.3% Seniors 23.4% 30.4% 24.4% 13.3% 5.2% 3.3% Grad students 24.0% 28.5% 22.8% 13.6% 5.6% 5.5%

Business majors 33.0% 31.1% 20.6% 10.1% 3.4% 1.8% Academic majors 29.9% 28.5% 20.8% 12.2% 4.9% 3.8%

Sophomore Year Key in Starting to Build Work Experience

Among students who have completed at least one internship, more than half did so before their junior years. About one-quarter wait to do their first internship until their third year and 6.3 percent wait until after graduation or when in post-graduate programs. Among seniors specifically, 60.8 percent did their first internship in the second or third year of college. These numbers are virtually unchanged from last year.

Year first internship was completed Students with 1+

internships completed

Cumulative

percentage

Seniors

High school/pre-college 15.8% 16.4% 10.0%

Freshman year 17.0% 32.7% 13.2%

Sophomore year 25.3% 58.1% 26.3%

Junior year 24.1% 82.2% 34.5%

Senior year 11.5% 93.7% 15.4%

After college graduation or in grad school

6.3% 100.0% -

Other ways include: Any and all! LinkedIn Online profile on

various internship websites

32.0% 29.7% 4.1% 2.7% 10.8% 20.6%

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Internship Search Encompasses Multi-Prong Outreach

Students use an average of five tools and resources to find an internship. Google and other online searches is the most used resource, followed by referrals from a friend, career fairs, family help, and internship websites (including Looksharp). 1 or more

Internship(s)

3 or more

Internships

Net

difference

Change

vs. 2014

Google/online searches 50.7% 60.8% +10.1 +

Friends 48.0% 57.1% +9.1 +

Career fairs 41.1% 46.3% +5.2 +

Family 37.7% 46.9% +9.2 +

Internship websites, including Looksharp/InternMatch 37.3% 44.7% +7.4 +

Faculty members (professors, teachers) 35.7% 40.0% +4.3 =

University career network 35.1% 42.1% +7.0 +

General job sites (Indeed, Monster, Glassdoor, etc) 25.5% 33.8% +8.3 -

University job board 22.6% 30.2% +7.6 +

Specific employer/company websites 21.7% 30.7% +9.0 +

Alumni network (incl. fraternity and older year students) 19.7% 25.5% +5.8 -

Professional social network platforms and events (LinkedIn) 19.2% 27.4% +8.2 +

Craigslist 10.2% 14.4% +4.2 -

Study and work abroad organizations 6.1% 8.8% +2.7 =

Students who have completed three or more internships show higher usage across tools and resources, particularly making greater use of online searches, specific company websites, and leveraging personal networks, including friends and family. Other approaches to landing an internship included: Asked around. Cold calling and cold emailing companies. Leveraging past employers and side jobs. Social media. High school career guidance office. Church. Networking events, such as MeetUp. Volunteer activities.

Nearly Two-Thirds of Students Use Social Media in Their Internship Search

The majority, 68.6 percent of students, used social media during their internship search process, with close to half leveraging various social media tools to research employers or network. Use of social media increases along with the number of internships.

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Students With Greater Number of Internships Cast a Wider Net

On average, students sent eight applications to secure their most recent internship. Nearly five in 10 students submitted between one and four, whereas 15.4 percent submitted more than 20 applications. Students with more than three internships under their belts are more likely to submit 10 or more, or even 20 or more applications to land an internship, showing that those with experience perform more extensive internship searches, trying to land a role at a top choice employer. Business majors also put in extra effort averaging 10 applications, versus seven among academic majors.

Interns Should Count on Doing In-Person Interviews

More than eight in 10 students interviewed in person to secure their most recent internship. For most, these were one-on-one interviews, but 19.4 percent cited doing in-person group interviews as well.

24.5%

31.4%

46.2%

49.2%

To discuss internshipopportunities

Didn't use it at all

To network

To research employers

Use of social media during internship search (among those with 1+ internships)

15.4%

14.9%

22.6%

47.2%

20+

10-19

5-9

1-4

Number of applications submitted to secure the most recent internship

Male Female 1 2 3 4

47.4% 50.5% 42.3% 50.4% 57.1% 63.2%

48.7% 44.5% 41.5% 47.2% 52.0% 53.7%

31.1% 31.6% 37.3% 29.9% 24.5% 21.9%

26.1% 23.4% 21.6% 25.2% 27.1% 30.1%

Male Female 1-2 3+ Business Academic

41.0% 51.6% 48.4% 41.1% 40.7% 56.8%

23.1% 22.2% 21.7% 23.8% 22.5% 21.4%

16.6% 13.7% 13.9% 17.0% 16.9% 12.4%

19.4% 12.5% 14.1% 18.2% 19.9% 9.5%

# of internships

# of internships Major

In person, one-on one In person, group interview Phone interview Video/Skype interview No interview

62.4% 19.4% 33.4% 12.7% 8.2%

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Significant Overlap in Preferred and Actual Internship Locations

While most cities on the desired and actual internship location lists overlap, a side by side comparison shows some interesting gaps—likely driven by the challenges of housing and relocation costs for short term and often unpaid roles. For instance, while nearly one-quarter of students would like to intern or work in New York City, 14.2 percent out of the more than 30,000 students who shared the location of their most recent internship actually did. Many students ended up taking internships closer to home than they would have preferred.

Top 10 Cities in the U.S. by population size

Top 10 most preferred cities for internships

Top 10 cities for actual internships in past year

1. New York City, N.Y. 1. New York City, N.Y. (24.5%) 1. New York City, N.Y. (14.2%)

2. Los Angeles, Calif. 2. Los Angeles, Calif. (15.0%) 2. Los Angeles, Calif. (8.1%)

3. Chicago, Ill. 3. San Francisco, Calif. (11.5%) 3. Boston, Mass. (4.5%)

4. Houston, Tex. 4. Chicago, Ill. (5.6%) 4. Washington, D.C. (4.4%)

5. Philadelphia, Penn. 5. Washington, D.C. (4.9%) 5. Chicago, Ill. (4.3%)

6. Phoenix, Ariz. 6. Boston, Mass. (4.4%) 6. San Francisco, Calif. (3.7%)

7. San Antonio, Tex. 7. San Diego, Calif. (4.0%) 7. Atlanta, Ga. (2.2%)

8. San Diego, Calif. 8. Seattle, Wash. (3.3%) 8. San Diego, Calif (1.7%)

9. Dallas, Tex. 9. Denver, Colo. (2.3%) 9. Seattle Was. (1.6%)

10. San Jose, Calif. 10. Atlanta, Ga. (2.3%) 10. San Jose, Calif. (1.4%)

11. Dallas, Tex. (1.4%)

Overlap Between Desired and Actual Industries

Seven out of the 10 most desired industries overlap with the most common fields for internships, with more students taking internships in manufacturing, education, and hospitality/tourism than those looking to intern in those fields. The high number of students interested in entertainment vs. the low number of available positions is one of the drivers of low intern pay in that field.

Top 10 Most Preferred Industries for internships (% top three choices)

Top 10 Industries for actual internships (% top choice)

1. Marketing/PR/Advertising (35.9%) 1. Technology (hardware and software) (13.5%)

2. Entertainment/music industries (29.7%) 2. Marketing/PR/advertising (13.4%)

3. Government (25.8%) 3. Banks, accounting and auditing (8.6%)

4. Technology (hardware/software) (22.7%) 4. Healthcare (6.7%)

5. Professional services/consulting (19.9%) 5. Manufacturing (5.4%)

6. Journalism/editorial (19.0%) 6. Government (5.3%)

7. Healthcare (17.9%) 7. Education (4.3%)

8. Banks, accounting and audit (16.4%) 8. Professional services/consulting (4.0%)

9. Film/movie/production companies (15.7%) 9. Entertainment/music industries (3.3%)

10. Fashion and cosmetics (14.1%) 10. Hospitality/tourism (2.9%)

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Major change

in career choices, 32.5%

Minor change

of plans, 44.7%

No change at all, 22.9%

The impact of internships on career choices

Started the job

search?

61.0%

Yes

19.4%Already received a

full-time offer

3.9%Already received a

part-time offer

7.0%Already received an

internship offer

30.7%Started but no offer yet

39.0%

No

27.0%Haven't yet started

12.0%Plan to attend grad school/

wait on joining the workforce

Seniors and the Entry-Level Job Market

Internship Experience Affected Career Choices for Three-Quarters of Seniors

According to 77.2 percent of students, internships helped them gain a better understanding of what they wanted in terms of their future careers. While for the larger group, 44.7 percent, this was a minor change of plans, no less than 32.5 percent of seniors said past internship experience significantly changed what they wanted to do with their careers. Students who said their internship experience significantly changed their career plans are also more likely to believe internships should be mandatory when obtaining a college degree.

Paid Internships Help Students Lock in Jobs Early

When this study was fielded in April 2015, 61.0 percent of seniors had started to look for jobs. Close to one in five seniors already had a full-time job offer in hand, and 3.9 percent had locked down a part-time job. Compared with 2014, the share of students with full-time offers increased from 16.6 percent to 19.4 percent. However, this year fewer students started their search in April or before, at 39.0 percent compared with 34.8 percent in 2014.

Most likely to have full-time job offers as of April 2015:

Male: 23.1% Paid internship experience

(35.9%) Asian American: 36.1% Majors:

- Finance (37.9%) - Mechanics & repair (33.3%) - Computer science (31.5%) - Economics (28.6%) - Engineering (27.8%) - Construction & skilled trades (25.5%)

Census regions: - Northeast (21.0%) - Midwest (21.0%)

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Examining what factors impact a student’s likelihood of having a full-time job offer we see the variables below make the biggest difference:

Having paid internship experience

Unpaid Paid

Having higher-than-average GPAs

GPA < 3.0 3.0-3.5 >3.5

Having multiple internships versus just one

1 2 3 4 5+

Having taken online courses to bolster professional skills No online courses Online courses Side jobs had some influence on job offers, but not quite to the extent of GPA scores, internship experience, and paid internships.

Students Are Flexible on Location, but Less So on Settling on Work-Life Balance

Up from 76.4 percent last year, seniors show an even greater willingness to move to another city to land a job, at 81.7 percent. Three-quarters would also be willing to do internships to get a foot in the door if it would enhance their chances of landing full-time employment. From there, the shares drop off significantly when considering job offers in industries that are not among their top choices (51.9 percent), in organizations with company cultures or missions that are not a perfect match (46.6 percent), or jobs that offer less of a work-life balance than students may consider ideal (51.4 percent).

20.3%

10.6% 26.5%

Importantly, there is a direct correlation between locking in full-time job offers early and: Having paid internship

experience. Having higher-than-

average GPAs. Having multiple

internships versus just one.

Online courses outside the college curriculum.

13.3% 23.9%

14.4% 26.8% 23.9% 20.4% 28.3%

18.0% 23.3%

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However, compared with 2014, seniors do show a greater willingness to work at a company that may not be a perfect match in terms of culture or work-life balance.

Across the genders, men are more likely to work in a company culture or mission that may not be a perfect match. Women are more likely to accept a work-life balance that they may not consider ideal and do an internship to get a foot in the door. Seniors with academic majors are more willing to do any of the scenarios above, with the exception of moving to another city.

Small Disconnect Between Expected and Actual Starting Salaries Across all seniors, regardless of major, GPA, location or college type, 72.2 percent expect to start off at between $35,000 and $74,999 annually. Men expect slightly higher starting averages, as do students in business-oriented majors. Across all majors, the average expected starting salary is $51,000. When comparing expectations and reality among seniors who have a full-time job offer in hand, the average expected starting salary was $57,000 whereas the actual starting salaries tend to be slightly lower, with an average of $55,000. As the sample of students who already have job offers in hand is skewed towards higher-paid business-oriented majors, the expected/actual starting salaries are higher-than-average.

Expected starting salary Actual starting salary

All seniors

Male Female Business majors

Academic majors

Seniors with FT job offers

Seniors with FT job offers

$20,000-$34,999 19.3% 11.7% 24.8% 10.3% 29.8% 14.7% 21.3%

$35,000-$54,999 45.4% 39.3% 49.8% 40.9% 48.3% 38.3% 35.2%

$55,000-$74,999 26.8% 36.0% 20.3% 37.1% 16.4% 33.2% 31.1%

$75,000-$99,999 6.1% 9.2% 4.0% 8.7% 3.9% 10.1% 9.4%

>$100,000 2.2% 3.8% 1.1% 3.0% 1.6% 3.7% 3.1%

Both salary expectations and reality differ widely by major, with STEM actuals often higher than expectations and realistic salaries for arts majors much lower.

81.7%74.7%

51.9%46.6%

51.4%

15.1%21.1%

39.1%43.2% 40.8%

3.2% 4.2%9.0% 10.2% 7.8%

Moving to anothercity?

Do an internship postgraduation to get afoot in the door?

Working in an industrythat may not be your

top choice?

A job in a companyculture or mission thatis not a perfect match?

Less of a work-lifebalance than you may

consider ideal?

If it were to improve your chances of landing a job, would you consider…?

Yes Maybe No

+ = = + +

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18.1%

22.2%

13.1%

46.5%

A lot

Some

A little

Not at all

Influence of student debt on the job search and career choices

$0, 33.9%

$1-$9999,

12.1%

$10000-$24999, 21.1%

$25000-$74999,

26.8%

$75000 or more,

6.1%

Approximate amount of college debt

Student Debt Significantly Influences Job Search and Choices

About one-third of students will graduate with no college debt at all. On the other end, a nearly equal share will have a college debt burden of between $25,000 and $75,000 upon graduation. There are very few differences in college debt based on demographics, with the exception of veterans of the U.S. Armed Forces who are more likely to have zero debt at 38.9 percent. The amount of college debt has a significant impact on seniors' job search. The higher the debt, the higher the impact.

$64,966

$70,305

$52,520

$59,480

$47,437 $48,730

$70,305

$44,394

$54,739

$61,798

$47,227$42,836

STEM Arts Business Finance Marketing Political science

Expected starting salaries versus reality

Expect Actual

Male Female $0 $1-$9.9K $10K-$24.9K $25K-$74.9K

46.9% 46.3% 87.7% 43.4% 26.5% 20.1%

14.0% 12.5% 3.7% 20.9% 19.2% 16.2%

22.3% 22.2% 4.9% 26.8% 35.1% 31.3%

16.8% 19.1% 3.7% 8.9% 19.3% 32.4%

College debt

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Insights from No-Internship Students

Internship Demand > Offering

Among the 32.0 percent of respondents who have not completed internships to date, it is not for lack of trying. In fact, 69.7 percent of these students indicate they looked but never managed to lock in an opportunity. Another 16.8 percent tried but did not find anything they liked well enough to accept the offer. Down significantly from 2014, 80.4 percent plan to look again for the 2015 summer.

Students Who Searched Unsuccessfully Submitted Equal or More Applications

Students who unsuccessfully looked for internship opportunities often submitted an equal or greater number of applications as those who did find internships, with an average of eight to nine.

No internship experience to date # of

Appls

All Male Female Freshmen Sophomore Junior Senior Business Academic

1-4 43.1% 33.9% 50.4% 64.9% 49.6% 41.1% 38.3% 35.0% 52.8%

71.5%

16.8%11.7%

93.3%

6.7%

69.7%

18.0%12.3%

80.4%

19.6%

Looked, but neverfound anything

Looked, but didn'tfind one I liked

Never did look forone

Will look this year Don't plan to look

Internship search efforts among students without internships to date

2014 2015

More likely to have unsuccessfully looked for internships are: Students who submitted

four or fewer internship applications (71.8%)

Students with below average GPA scores (less than 3.0 average), at 71.8%

More likely to look for internships again this year are: Business-oriented majors (82.6%) Female students (81.2%) Sophomores (90.4%) and juniors

(90.6%)

More likely not to look for internships Freshmen (15.8%) Academic majors (16.7%)

- Education (23.9%) - History (18.6%) - Languages/literature (21.5%) - Nursing (16.8%) - Philosophy/religion (16.4%) - Social services (24.4%) - Sociology (21.6%)

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5-9 26.7% 28.3% 25.4% 22.2% 28.0% 27.2% 29.8% 26.6% 26.5%

10-19 16.2% 19.3% 13.6% 9.2% 14.0% 17.8% 17.8% 18.9% 13.3%

20+ 14.1% 18.5% 10.6% 3.7% 8.3% 13.9% 14.1% 19.5% 7.4%

Students Who Sought Unsuccessfully Used Equal Number But Different Tools

Students who did not manage to secure internships after looking (69.7 percent of those without internship experience; N=10,168) used an equal number of resources, with an average of five to six. However, the types of resources used when compared to students who have participated in at least three internships are very different. Students with several prior internships were more likely to leverage personal networks (family and friends) as well as the school's faculty and alumni network. Sought for, but didn’t

land internships 3+

Internships Net

difference

Google/online searches 71.3% 60.5% +10.8%

Internship websites 71.0% 44.7% +26.3%

Specific employer/company websites 54.3% 30.7% +23.6%

Career fairs 51.3% 46.3% +5.0%

General job sites (Indeed, Monster, Glassdoor, etc) 39.8% 33.8% +6.0%

Friends 38.8% 56.1% -17.3%

Professional social network platforms/events (LinkedIn) 37.5% 27.8% +9.7%

University career center 33.2% 42.1% -8.9%

University job board 30.2% 30.2% -

Faculty members 24.8% 40.5% -15.7%

Family 22.7% 44.9% -22.2%

Craigslist 15.6% 14.4% +1.2%

Study and work abroad organizations 13.5% 8.8% +4.7%

Alumni network (incl. fraternity and older year students) 7.9% 27.5% -19.6%

47.2%43.1%

48.4%

41.1%

22.6%26.7%

21.7%23.8%

14.9% 16.2%13.9%

17.0%15.4% 14.1% 14.1%18.2%

All students No internships yet 1-2 internships 3+ internships

Number of applications submitted in internship search

1-4 5-9 10-19 20+

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19.6%

Don't plan to look for an internship in 2015

26.6%

Taking summer classes/other class

commitments

17.7%

Plan to do internship later in college/post

graduation

2.2%

Don't think they are useful

53.4%Graduated and looking

for full-time job

Hands-On Search Tips and Interview Prep Are Students’ Top Needs

More than half of students who looked for internships unsuccessfully say they could use help in learning more on exactly how to search for opportunities. As seen above, different ways of leveraging connections or resources may make them more successful in locking in opportunities. Finding out how to better leverage personal network specifically is something sought out by more than four in 10 students. Other areas where at least four in 10 students without internship experience say they could use help are resume design and interview preparation. This is particularly relevant as the report found that the vast majority of internship interviews are in-person. Could use help to improve

chances of landing an internship

Male

students

Female

students

How to search for opportunities 51.7% 48.3% 54.4%

Preparing for an interview 42.9% 40.5% 44.9%

Preparing a resume 41.4% 39.3% 43.1%

How to best leverage personal networks 40.9% 39.6% 41.9%

Preparing an online presence 36.9% 34.9% 38.5%

Tips on what to wear for an interview 12.7% 11.0% 14.0%

None of these 3.7% 4.9% 2.8%

Summer Classes Main Barrier for Students Not Seeking Internships

Among current college students who are not seeking internships, summer classes are the main barrier. The second reason is planning to do an internship later, cited by 41.2 percent.

All respondents College students only

56.9%

Taking summer

classes/other class

commitments

41.2% Plan to do internships

later in college/post

graduation

1.9% Don't think they are

useful

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Job Market Insights From 2014 Graduates

Respondents included 5,598 2014 college graduates who provided insight into their employment status and job search trials to date. These students are not currently enrolled in graduate programs.

Less Than Half of 2014 Graduates Have Full-Time Professional Jobs Less than half of 2014 college graduates have full-time professional jobs, defined as those requiring college degrees. In fact, as of April 2015, 16.6 percent of 2014 graduates are unemployed. As seen earlier, internship experience has a positive influence on securing jobs. 2014 graduates with three or more internships are more likely to be employed full-time, be in employed in internships, or be self-employed.

Majors with Best Job Prospects

Students with business-oriented majors are also much more likely than those in academic majors to already be in full-time professional jobs. The following majors in particular are more likely to have full-time employment: Accounting (55.6%) Architecture and planning (51.2%) Business (49.2%) Communications (48.3%) Computer science (61.1%) Economics (57.5%)

Graphic design (51.1%) Finance (59.8) Languages and literature (52.9%) Marketing (55.5%) Military science (61.6%) STEM (49.6%)

On the other hand, job prospects for the below popular degrees is significantly lower: Arts (37.8%) Law (32.2%) Psychology and counseling (38.7%) Sociology (40.5%)

3.3%

7.0%

9.6%

16.6%

17.9%

45.6%

Self-employed

Employer internship

Full-time service/interim job

Unemployed

Employed part-time

Full-time professional job

Employment status among 2014 college graduatesMale Female Business Academic None 3+

46.9% 46.3% 50.6% 41.8% 42.8% 50.3%

15.8% 19.5% 13.5% 22.3% 22.2% 15.0%

19.1% 14.7% 18.1% 13.0% 18.0% 13.9%

7.8% 11.0% 7.2% 11.8% 13.7% 7.4%

7.3% 6.8% 7.7% 7.6% 0.3% 10.1%

3.7% 3.0% 3.0% 3.5% 2.6% 3.3%

Majors Internships

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Job Search Averaged One to Six Months for Most

Among 2014 graduates with full-time professional employment (N=2,449), 26.2 percent had their jobs lined up when graduating, 12.3 percent landed jobs in the first month, and 46.1 percent took between one and six months. Business majors were much more likely to have employment lined up, at 31.8 percent. Time to find full-time employment All 2014

grads

Male

students

Female

students

Business

majors

Academic

majors

Had a job lined up when graduating 26.2% 28.0% 24.7% 31.8% 21.8%

No more than 1 month 12.3% 11.1% 13.4% 11.9% 13.0%

1-3 months 29.2% 28.5% 29.8% 28.6% 28.8%

4-6 months 16.9% 16.5% 17.3% 15.5% 18.7%

7-12 months 15.4% 15.9% 14.8% 12.3% 17.2%

Internships Help Graduates Find Jobs That Meet or Exceed Expectations

For the majority, 51.8 percent, their first professional job out of college matches their expectations. For 24.7 percent the job is falling short, whereas the remaining 23.5 percent say the job exceeds their expectations. This is more likely the case for business-oriented majors. The report found earlier that 77.2 percent of students with internship experience said this experience either somewhat or significantly changed their career choices. This appears to be paying off--students with internship experience are much more likely to be working at a job that meets or exceeds their expectations. Job comparison to

expectations

2014 grads

w/FT job

Male

students

Female

students

Business

majors

Academic

majors

No

Int.

1-2 Int.

3+

Int.

Exceeds expectations 23.5%

24.9% 22.4% 21.7% 25.2% 21.7% 22.4% 26.3%

Mostly matches

expectations 51.8% 52.3% 51.4% 51.6% 52.7% 48.7% 52.1% 52.4%

Falls short of

expectations 24.7% 22.8% 26.2% 26.7% 22.1% 29.6% 25.6% 21.3%

Internships Help Graduates Find Jobs Within Their Majors

Of 2014 graduates with full-time employment, 57.1 percent found jobs within their major. Additionally, 22.3 percent said their first jobs were somewhat related to their majors. A striking difference is seen between graduates with business-oriented degrees versus those with academic-oriented degrees, at 70.7 percent versus 29.8 percent citing having employment within their fields of study. Internships have a strong impact as well, with graduates who have participated in three of more internships being far more likely to have employment within their major.

Internships

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Job within major? 2014 grads

w/FT job

Male

students

Female

students

Business

majors

Academic

majors

None

1-2

3+

Yes 57.1% 61.3% 53.7% 70.7% 29.8% 49.4% 56.9% 60.5%

No 20.6% 18.3% 22.4% 10.8% 42.9% 24.5% 21.1% 18.3%

Somewhat related 22.3% 20.3% 23.9% 18.5% 27.3% 26.0% 22.1% 21.3%

Degrees with the Greatest Likelihood of Working in the Same Field

Here are some examples of some of the most popular majors represented in this study and the share of

2014 graduates working a professional full-time job in their same field of study.

STEM

Job within major

71.2%

Arts 34.8%

Business 49.6%

Computer science 80.8%

Finance 53.1%

Marketing 48.8%

Political science 26.6%

Communications 42.9%

Graphic design 64.4%

Healthcare 47.7%

Law 46.0%

Nursing 58.7%

Psychology & counseling 30.6%

Sociology 18.9%

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Methodology

The data for the State of the College Job Market a were collected through a 52-question online survey, conducted between April 9 and 14, 2015. In total, 53,976 students participated in the survey, with 45,968 completing the full the survey. Respondents used a self-administered, online questionnaire via web-assisted interviewing software. To maintain the reliability and integrity of the sample, each student was limited to one survey completion. The sample was tested on key demographics, such as gender, region, and ethnicity, and slight statistical adjustments were made to ensure respondents accurately mirrored the student population. The resulting sample is a reliable nationwide cross-section of college students ranging from freshmen to graduate students, as well as a small share of high school students and college students who graduated in 2012, 2013, or 2014. Students living outside of the United States were removed prior to analysis as to avoid skewing the findings. The report was prepared by 210 Analytics, LLC. All survey results are subject to sampling error—the difference between obtained results and those that would have been obtained by studying the entire population. The percentage difference varies with the size of the sample and with the percentage of respondents giving a particular answer. The margin of error associated with the survey is 0.4 percent at the 95 percent confidence level for questions answered by all respondents. Percentage may not always add to 100 percent due to rounding. Geographic regions are based on the Census with states falling into one of four regions: Northeast: CT, RI, MA, VT, NH, ME, NJ, PA, NY Midwest: IA, IL, IN, KS, MI, MN, MO, NE, ND, OH, SD, WI South: AL, AR, DC, DE, FL, GA, KY, LA, MD, MS, NC, OK, PR, SC, TN, TX, VA, WV West: AK, AZ, CA, CO, HI, ID, MT, NM, NV, OR, UT, WA, WY For additional data, insights or explanations, email [email protected]. Please note that based on the large sample size, most findings can be broken down by: Individual states or a group of states Most majors Year in college Veteran of the U.S. Armed Forces status

Sample Description

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100.0% based on 45,968

completed surveys

Gender Male students Female students

42.2% 57.8%

Regions Northeast Midwest South West U.S. Territories International (Non-U.S. based) Note: removed from survey analysis

30.6% 18.3% 21.3% 25.9% 0.3% 3.7%

Ethnicity White Hispanic or Latino Black or African American Asian American Other

52.7% 11.8% 12.3% 12.8% 10.3%

Year High school College Freshman year College Sophomore year College Junior year College Senior year Graduated in 2014 Graduated in 2013 Graduated in 2012 Graduate student (Master's or PhD

0.7% 5.8%

13.8% 21.7% 26.0% 12.3% 5.3% 5.2% 9.1%

Type of degree Business-oriented:

Academic-oriented:

Sample size: 5988 Sample size: 21170

GPA categories < 3.0 3.0-3.5 > 3.5

27.5% 41.7% 30.8%

Type of university 2-year college 4-year public college 4-year private university Master's, PhD or other graduate program

3.7%

49.5% 36.2% 10.6%

Veteran status Yes No

0.8%

99.2%

State Number of completes

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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming American Samoa

371 35

597 144

8,660 630 643 125 613

1,840 1,215

66 106

2,285 848 322 212 267 236 116 947

2,100 1,315 669 158 525 49 153 138 177

1,783 71

5,266 1,053

52 1,320 170 347

1,863 197 405 64 433

2,194 240 86

1,097 821 86 511 16 3 2

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Guam Northern Mariana Islands Puerto Rico U.S. Virgin Islands International student

0 128

4

1,694

Major Accounting

Agriculture Architecture and Planning Arts Biological Sciences Business Communications Computer Science Criminal Justice Economics Education Engineering English Environmental Sciences Graphic Design Finance Health Care History Languages and Literature Law Mathematics & Statistics Marketing Mechanics and Repair Military Science Nursing Philosophy and Religion Physical Sciences Political Science Protective Services Psychology & Counseling Recreation & Fitness Skilled Trades and Construction Social Sciences & Liberal Arts Social Services Sociology Undeclared

1,303

174 542

2,297 2,139 5,766 2,309 2,894

346 1,827 351

4,854 990 732

1,039 1,654 1,144 354 326 328 558

3,117 10 6

279 157 438

1,549 7

1,985 274 35

772 234 529 858

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Appendix

Appendix 1:

Top intern/job city choices by region compared with top paid cities by region

Northeast

Top 10 desired city to work/intern Top 10 most likely to have paid internships

New York, N.Y. New York, N.Y.

Boston, Mass. Boston, Mass.

Los Angeles, Calif. Washington, DC

San Francisco, Calif. Philadelphia, Pa.

Washington, DC Baltimore, Md.

Philadelphia, Pa. Los Angeles, Calif.

San Diego, Calif. San Francisco, Calif.

Seattle, Wash. Chicago, Ill.

Miami, Fla. Seattle, Wash.

Baltimore, Md. Atlanta, Ga.

Midwest

Top 10 desired city to work/intern Top 10 most likely to have paid internships

Chicago, Ill. Chicago, Ill.

New York, N.Y. Detroit, Mich.

Los Angeles, Calif. Minneapolis, Minn.

San Francisco, Calif. Indianapolis, Ind.

Minneapolis, Minn. Cleveland, Ohio

Denver, Colo. Columbus, Ohio

Seattle, Wash. Milwaukee, Wis.

San Diego, Calif. Kansas City, Mo.

Washington, DC New York, N.Y.

Detroit, Mich. Omaha, Nebr.

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South

Top 10 desired city to work/intern Top 10 most likely to have paid internships

New York, N.Y. Atlanta, Ga.

Los Angeles, Calif. Dallas, Tex.

Atlanta, Ga. Houston, Tex.

Washington, DC Washington, DC

San Francisco, Calif. Austin, Tex.

Austin, Tex. Miami, Fla.

Miami, Fla. New York, N.Y.

Dallas, Tex. Raleigh, N.C.

Houston, Tex. Charlotte, N.C.

San Diego, Calif. Nashville, Tenn.

West

Top 10 desired city to work/intern Top 10 most likely to have paid internships

Los Angeles, Calif. Los Angeles, Calif.

San Francisco, Calif. San Francisco, Calif.

New York, N.Y. San Jose, Calif.

San Diego, Calif. Seattle, Wash.

Seattle, Wash. San Diego, Calif.

San Jose, Calif. Denver, Colo.

Denver, Colo. Phoenix, Ariz.

Portland, Ore. New York, N.Y.

Washington, DC Portland, Ore.

Chicago, Ill. Sacramento, Calif.

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Appendix 2:

Top intern/job city choices among college students and recent graduates by degree

STEM

1 San Francisco, Calif.

2 New York, N.Y.

3 Los Angeles, Calif.

4 Seattle, Wash.

5 Chicago, Ill. & Boston, Ill.

6 San Jose, Calif.

7 San Diego, Calif.

8 Washington, DC

9 Denver, Colo.

10 Austin, Tex.

Arts

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Washington, DC

5 Chicago, Ill.

6 Boston, Mass. & Seattle, Wash.

7 San Diego, Calif.

8 Austin, Tex.

9 Atlanta, Ga.

10 Denver, Colo.

Business

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Chicago, Ill.

5 Boston, Mass.

6 San Diego, Calif.

7 Washington, DC

8 Miami, Fla.

9 Seattle, Wash.

10 Austin, Tex. & Atlanta, Ga

Communications

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Chicago, Ill.

5 Washington, DC

6 San Diego, Calif.

7 Boston, Mass.

8 Seattle, Wash.

9 Atlanta, Ga.

10 Austin, Tex.

Graphic Design

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Chicago, Ill.

5 Seattle, Wash.

6 Austin, Tex.

7 San Diego, Calif.

8 Portland, Ore.

9 Denver, Colo.

10 Boston, Mass.

Finance

1 New York, N.Y.

2 Los Angeles, Calif.

3 Chicago, Ill.

4 San Francisco, Calif.

5 Boston, Mass.

6 San Diego, Calif.

7 Washington, DC & Denver, Colo.

8 Seattle, Wash.

9 Atlanta, Ga.

10 Austin, Tex.

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Law

1 New York, N.Y.

2 Washington, DC

3 Los Angeles, Calif.

4 San Francisco, Calif.

5 Chicago, Ill.

6 Boston, Mass.

7 Miami, Fla.

8 San Diego, Calif.

9 Austin, Tex.

10 Seattle, Wash.

Marketing

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Chicago, Ill.

5 San Diego, Calif.

6 Boston, Mass.

7 Denver, Colo.

8 Austin, Tex.

9 Seattle, Wash. & Atlanta, Ga.

10 Washington, DC

Political Science

1 Washington, DC

2 New York, N.Y.

3 Los Angeles, Calif.

4 San Francisco, Calif.

5 Chicago, Ill.

6 Boston, Mass.

7 San Diego, Calif.

8 Seattle, Wash.

9 Austin, Tex.

10 Atlanta, Ga.

Psychology and Counseling

1 New York, N.Y.

2 Los Angeles, Calif.

3 San Francisco, Calif.

4 Chicago, Ill.

5 Washington, DC

6 Boston, Mass.

7 San Diego, Calif.

8 Atlanta, Ga.

9 Other

10 Seattle, Wash.

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Notes