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MAY 2018
NATIONAL ASSOCIATION OF COLLEGES AND EMPLOYERS62 Highland Avenue Bethlehem, PA 18017-9085 • 610.868.1421www.naceweb.org
2018 Internship & Co-op Survey Report
EXECUTIVE SUMMARY
2018 INTERNSHIP & CO-OP SURVEY REPORT
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ABOUT THESURVEY
NACE RESEARCH STAFFEdwin W. Koc, Director of Research, Public Policy, and Legislative AffairsAndrea J. Koncz, Research ManagerAngelena Salvadge, Research AssociateLouisa Eismann, Research AssociateAnna Longenberger, Research Assistant
GET THE FULL REPORTThe 2018 Internship & Co-op Survey Report and its companion—the 2018 Guide to Compensation for Interns & Co-ops—are available through the NACE Store.
For more information see the NACE Store: www.naceweb.org/store.aspx.
The 2018 Internship & Co-op Survey Report explores key aspects of employers’ internship and co-op programs, including how programs are structured, hiring projections, conversion, retention, recruiting strategies, and compensation (wages and benefits). (Note: More-detailed information about compensation is available in the 2018 Guide to Compensation for Interns & Co-ops. See the NACE Store at www.naceweb.org/store.aspx.) This report also includes historical analyses of these data.
Data were collected from November 8, 2017, to March 2, 2018, from NACE employer members; there were 309 respondents representing 29.1 percent of all eligible respondents. Those employers that chose to be listed as survey respondents appear in the Appendix.
A few notes regarding the data presented in this report:
• For each question, overall figures are calculated based on the number of respondents answering that question.• Survey items that yielded a particularly low response rate should be considered with caution.• The sum of displayed breakdowns of percentages may not equal 100 due to rounding or, in cases where the sum
substantially exceeds 100, because respondents were permitted to provide multiple responses. • Within the figures, empty fields indicate that no data were collected for that item in that year.
Respondents were provided with the following definitions of internships and co-ops:
• Internships are typically one-time work or service experiences related to the student’s major or career goal. The internship plan generally involves students working in professional settings under the supervision and monitoring of practicing professionals. Internships can be paid or unpaid, and the student may or may not receive academic credit for performing the internship.
• Cooperative education programs, or co-ops, , provide students with multiple periods of work in which the work is related to the student’s major or career goal. The typical program plan is for students to alternate terms of full-time classroom study with terms of full-time, discipline-related employment. Since the program participation involves multiple work terms, the typical participant will work three or four work terms, thus gaining a year or more of career-related work experience before graduation. Virtually all co-op positions are paid, and the vast majority involve some form of academic credit.
2018 INTERNSHIP & CO-OP SURVEY REPORT
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EXECUTIVESUMMARY
Hiring Projections• Employers that responded expect to increase the hiring of interns by 1.7 percent in 2018.• Co-op hiring remains flat, increasing only 0.6 percent over last year’s numbers.• This is the second consecutive year that employers reported positive hiring projections for interns and co-ops.
Outcomes of Internship and Co-op Programs• In 2018, the offer rate for interns is 59 percent, the acceptance rate is 77.3 percent, and the conversion rate is
45.6 percent. The acceptance rate increased from last year, while the other two figures dropped; this could be due to the state of the hiring market or the high number of eligible interns reported this year.
• For co-ops, the offer rate is 34.6 percent, the acceptance rate is 80.3 percent, and the conversion rate is 27.8 percent.
• The retention rate for intern hires after one year is 70.6 percent for those with internal experience (internship experience within the hiring organization) and 65.8 percent for those with external experience (internship experience with another organization). The retention rate for co-op hires with internal experience is 47.3 percent; for those with external experience, the rate is 46.6 percent. Meanwhile, the one-year retention rate for hires with neither internship nor co-op experience is 46.3 percent.
• After five years, the retention rate for intern hires with internal experience is 50.2 percent and it is 52.3 percent for those with external experience. The five-year co-op retention rates are slightly lower than they are for the one-year rates (internal experience: 36.7 percent; external experience: 37.4 percent). The rate for no internship or co-op experience is 41 percent.
Compensation• Co-op programs had large growth in terms of average hourly wage (up $1.36 to $19.35) since last year; for
interns, the growth has been slower ($18.73), which is up only 67 cents from last year.• Planned social activities and paid holidays are the most widely offered benefits to interns and co-ops, and are
typically the least expensive for employers to offer. Sharp drops for medical insurance and company-matched 401(k) plans are evident, as these are costlier. Vacation time is more commonly offered to co-ops, who have longer tenures of employment than interns.
Recruiting Interns and Co-ops• On average, employers begin recruiting interns eight months prior to the start date and co-ops five months in
advance of starting.• Half of interns and co-ops were sourced from open applications by employers, and 40 percent were sourced
from direct contacts at their career center; only 8.2 percent of both were sourced by direct faculty contacts. • Employers favor career/job fairs and on-campus recruiting as the best recruiting techniques for interns and co-ops.
2018 INTERNSHIP & CO-OP SURVEY REPORT
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3M Co.
84.51˚
ABB Inc.
Accenture Federal Services
Adventist Health System
AeroVironment
Aetna Inc.
Affiliated Engineers, Inc.
Air Force Civilian Service Talent Acquisitions
American Family Insurance
AmeriHealth Caritas
Amkor Technology
Andersen Corporation
Anheuser-Busch Companies, Inc.
ANSYS, Inc
Anthem, Inc.
ArcelorMittal USA
Armstrong World Industries
Arrow Electronics
Arthur J. Gallagher & Co.
Asurion Corporation
Audible, Inc.
Axon
Baird
Barnes Group Inc.
BASF Corporation
Baxter Healthcare Corporation
Baylor Scott & White Health
Bechtel Marine Propulsion Corporation
Becton Dickinson & Company
Belden, Inc.
Berry Global
Biogen
Blackbaud, Inc.
BOK Financial Corporation
BP America
Brady Corp.
Burlington Stores
Burns & McDonnell Engineering Co. Inc.
BWX Technologies, Inc
California State Auditor
Calpine Corporation
Capital Group
Cargill, Inc.
Cerner Corporation
Charter Manufacturing Company, Inc.
Chevron Corporation
Chicago Trading Company
Citrix Systems, Inc.
Clarkston Consulting
CohnReznick
Con Edison
ConocoPhillips Company
Consumers Energy Co.
Continental AG
COUNTRY Financial
APPENDIXRESPONDING ORGANIZATIONSA total of 309 organizations took part in the survey on which the 2018 Internship & Co-op Survey Report is based; however, only 239 agreed to be listed.
2018 INTERNSHIP & CO-OP SURVEY REPORT
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Cree, Inc.
Crown Cork & Seal Company USA, Inc.
CSRA
Daikin Industries/Goodman Manufacturing
Datto
DCP Midstream Partners, LP
Delta Air Lines, Inc.
DENSO International America Inc
Dick’s Sporting Goods
Dominion Enterprises
Draper Laboratory
DST Systems Inc.
Duke Energy Corporation
DuPont
Dyson
E. & J. Gallo Winery
Eastman Chemical Company
Eaton Vance Management
Echo Global Logistics
Ecolab Inc.
Edward Jones
Edwards Lifesciences
ellucian
Emerson Climate Technologies
Engineering Consulting Services (ECS)
Enterprise
Envestnet - Yodlee
EthosEnergy
ExxonMobil Corp.
EY
FCA US LLC
Federal Reserve Board
Federal-Mogul Corporation
Fifth Third Bank
Fluor
Fresenius Kabi USA
GDH Consulting, Inc.
GE Appliances, a Haier company
General Dynamics - MS
General Dynamics Electric Boat
Georgia Tech Research Institute
Gilead Sciences, Inc.
Graybar Electric Company, Inc.
Harley-Davidson Inc.
HARMAN
Heico Construction Group LLC
Holman Enterprises
Hologic, Inc.
Hughes Network Systems
INC Research
INEOS
Infineum USA L.P.
Info Tech
Ingredion
INROADS, Inc.
Intuit Inc.
Isuzu North America Corporation
ITW
JCPenney
John Hancock Financial
Johnson & Johnson
Johnson Controls, Inc.
KapStone Paper and Packaging Corp.
KeyBank
2018 INTERNSHIP & CO-OP SURVEY REPORT
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Kimberly-Clark Corporation
KPMG LLP
Kronos
L’Oreal USA
L3 Technologies
Land O’Lakes Inc.
Liberty Mutual Insurance Company
Lincoln Electric
Lincoln Financial Group
Link-Belt Construction Equipment Co.
M&T Bank Corporation
Macy’s, Inc.
Maiden Reinsurance
MAVERICK Technologies
Mayo Clinic
McCormick & Company, Inc.
Medical Mutual
MGM Resorts International
Michelin North America
MicroVention-Terumo
Moen Incorporated
Mondelēz International
Mosaic Company
Moss Adams LLP
Motorola Solutions, Inc.
ms consultants, inc.
Mylan, Inc.
National Instruments
NetApp
Newell Brands
NiSource
Nokia
Northwestern Mutual
OMNOVA Solutions Inc.
ON Semiconductor
ONEOK, Inc.
Oracle Corporation
Owens Corning
Pariveda Solutions Inc.
Parsons Corporation
PDC Energy
PepsiCo
Philips Lighting
Phillips 66
Plexus Corp.
Polaris Industries, Inc.
PPL Corporation
Principal Financial Group
Progressive Insurance
Protiviti Inc.
QVC Inc.
Rayonier Advanced Materials
Raytheon Company
Red Hat
Relativity
Rockwell Collins
RS&H
Sabre Corporation
Save-A-Lot
Seagate Technology
Sealed Air Corporation
Selden Fox LTD
SendGrid
Shawmut Design and Construction
2018 INTERNSHIP & CO-OP SURVEY REPORT
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Sierra Nevada Corporation
Sikich
Simpson Gumpertz & Heger Inc.
Skyworks Solutions
Snap-on Incorporated
Southern Company
Southwest Airlines Co.
Speedway LLC
State Street Corporation
Structural Group
Stryker Corporation
Summit Materials
Sun Life Financial
Swagelok
SWIFT
Symantec Corporation
TD Bank
TE Connectivity
Terracon
Texas Capital Bank
Texas Instruments Incorporated
The Aerospace Corporation
The Boeing Company - Strategic Workforce Planning
The Lubrizol Corporation
The MITRE Corporation
The New England Center for Children
The Northern Trust Company
The Scotts Company
The Travelers Companies, Inc.
The Vanguard Group
The Walsh Group
Thrivent Financial
TIAA
Tighe & Bond
TJX Companies
Tokio Marine HCC
Toyota Motor North America
Transamerica Life Insurance Company
tronc, Inc.
TTX Company
Tucson Unified School District
Turner Construction Company
U.S. Cellular Corporation
Under Armour
Union Pacific Railroad Company
United Launch Alliance
UPS
VF Corporation
Wacker
Wawa Inc.
Wisconsin Department of Workforce Development
XPO Logistics Supply Chain
Yanfeng Global Automotive Interiors
ZF
Zynga, Inc.