All college students have heard the spiel: You won't even be considered for a job when you graduate unless you have experience — or, more specifically, an internship — in your field. Of course, the pressure to score with a company only increases with time.
"As everyone knows, an internship is essential to college students looking to advance their careers in a chosen industry," Tara McCaffrey, vice president of marketing at Vault, an employer, university and internship ranking site, said in a statement. "Companies are looking to recruit top talent before they graduate college and are using internships as the best way to assess potential employees. At the same time, college students view internships as the best way to test drive their chosen career path."
Once you reach the point where you're ready to apply for a position, you may feel overwhelmed with the amount of research you need to conduct. To ease the process, Vault has released a list of the top internships for 2017:
- Goldman Sachs
- Tesla Motors
- J.P. Morgan
- The Walt Disney Company
- Morgan Stanley
- Berkshire Hathaway
- McKinsey & Company
- The Boston Consulting Group
"When we rank internships, we also rank based on perks and culture," said Jon Minners, marketing manager at Vault. "We are seeing more and more that quality of life matters — just as much as prestige — to many students looking for an internship."
Other important factors that respondents considered were pay, location and career advancement, he added. [See Related Story: Diploma to Paycheck: Job Search Tips for New Grads]
Internship trends and tips
Some notable trends can be found among the internship programs of these prestigious companies. For instance, more than half of the internships turned into full-time jobs. Also, a whopping 98 percent of respondents had paid internships, and two-thirds of the interns were either juniors or seniors in college at the time.
There are many ways to search for internships, such as on a laptop or even smartphone, or through campus recruiting. Minners advised students to use college career services, websites like LinkedIn and Vault, company sites, social media and parental guidance when they're seeking these opportunities.
Once you have interviews lined up or a first day ahead of you, it's time to impress. Minners said to be prepared, dress properly, stay off the phone, ask questions, be respectful and do as asked. Additionally, it's wise not to be too eager — don't act like you can change the world in one day, or that you're the best person for the job. Just do what you do best and work hard, while enjoying yourself and learning, he said.
Vault's survey consisted of responses from more than 11,000 current and former interns from more than 100 employers.
Looking for more advice on making the most of an internship? Check out this Business News Daily guide.