The Best Companies for Internships

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Every year, college students ask that same question. These days, the question takes on greater urgency. According to a 2014 Accenture study, just 42 percent of 2012 and 2013 college grads found work within six months of graduation. Another 41 percent earned $25,000 or less. Most damning of all, only 48 percent received training from their first employer.

So how can students get training and experience? One option is an internship. For employers, every hire carries big risks – particularly with job-hopping new graduates. Here, it can cost employers up to 50 percent of their salary to find a replacement. And that doesn’t factor in variables like opportunity costs or benefits. As a result, employers are seeking new hires with track records, not just potential and people skills. With internships, students can prove themselves and gain experience. A successful internship also helps students build their networks, bestowing an informal certification that they possess the skills and maturity to mitigate their inherent risk.

Alas, not all internships are created equal. At some companies, college interns work on key projects, gaining hands-on experience alongside seasoned mentors. However, others are relegated to repetitive tasks and busy work. These students may be exposed to a respected brand, but they’re not being prepared to hit the ground running.