Internships – What Do They Mean Today?
Internships are crucial in today’s fast paced and ever changing global economy. As more and more students begin to understand the importance of internships in their academic and professional lives, the number of applications for internships at all leading organizations all over the world has grown tremendously.
Graduates with a few internships on their resume stand a better chance of being hired for a full time job. Students are doing multiple internships as undergraduates and even some graduates are going for unpaid internships just so they can make a place for themselves in the organization and get a full time job. At the very least, they can build some good contacts and build up their resume. Looking at how the economy is changing, the nature of work given to interns and the rising number of unpaid internships are predictable.
The fact is that this economic downturn has affected organizations all over the world. Companies are hiring interns for areas where they can’t hire a full time employee. Because of this, interns are being given more opportunities to contribute in projects that they would have been kept out of previously.
What’s In It For You?
Aside from the proverbial foot in the door, internships have a number of benefits that are actually worth a lot more than what you might be being paid.
- • Test yourself out in different career paths and various fields
- • Networking with professionals that are already in the corporate food chain
- • Mentorship opportunities
- • Certification and extra college credit
- • Exposure to the culture and etiquette of your chosen field
- • Acquiring new skills and learning about business tools
- • Practical, hands on experience of the modern workplace and office environment
- • Exposure to workplace politics and a realistic view of how organizations work
What Do Employers Get Out Of It?
Employers know that a cover letter or resume is meant to make the candidate look good. All they can tell you reliably is what a candidate has done academically, where he or she has worked, and whom they know. Internships are an employer’s tool to ascertain whether a certain individual has what they are looking for. This is how they evaluate potential employees and see who can fit their requirements.
Most companies develop an internship pool and look for candidates for permanent positions from there. Not only do these internees have proper experience, they have experience within their company, which makes it even more important to plan where you apply for your internships.
Organizations spend a lot of time and resources on training and developing interns, and they expect returns. They expect the interns to pay the organization back, either during the internship or after becoming full time employees. This makes internships as crucial to your career as your undergraduate and postgraduate degrees.