Paid summer internships for students

March 4, 2011 at 2:22 pm | Posted in Uncategorized | 10 Comments

Susan Sandberg: career expert

Robin Richards, CEO of internships.com, recently reported in a Huffington Post column that approximately 34% of internships listed on Internships.com are paid and receive four times the number of applications than unpaid. As a career services professional, you may be all too familiar with students requesting paid summer internships and then reluctantly settling for an unpaid one. The following list may help your students seize the day if they apply now:

10 Highest-Paying Internships, according to a BusinessWeek survey:

  • BP America $23 to $26 per hour:  Science, engineering and business majors should check out BP’s intern page or find out if a BP rep will be on campus.
  • UBS $30 per hour (average):  With internship locations in New York, Weehawken, NJ, Stamford, CT, Houston, Chicago, San Francisco, Los Angeles.
  • JP Morgan Chase $12,385 per internship:  Especially wants rising seniors who major in finance or accounting.
  • Goldman Sachs $29 per hour:  10-week summer internship in various locations for primarily finance majors, but all majors are invited to apply.
  • Procter & Gamble $26 per hour:  FAST program, where over 70% of interns receive job offers.  Relocation benefits may apply.
  • Deloitte & Touche $24.50 per hour:  Audit, financial advisory, tax and consulting internships; company ranked #1 by BusinessWeek as “Best Place to Launch a Career.”
  • KPMG $24.80 per hour:  Receive training in audit and tax practices or participate in a Build Your Own Internship program to intern with two practices.
  • PricewaterhouseCoopers $23.75 per hour:  Focuses on 16 key industries and provides targeted services including human resources, deals, forensics, and consulting services.
  • Merck $22.20 per hour:  Seeks to recruit top-notch interns in departments such as research & development, finance, communications and sales & marketing.
  • Ernst & Young $22 per hour:  Wants interns for assurance, tax, transaction, advisory services and strategic growth markets. Does campus recruiting.

Top-Paying Finance Summer internships:

  • AT&T Financial and Leadership Development Program:  12-week internships in accounting, finance, economics, or business administration.
  • Blackstone Group:  10-week finance internships in domestic and international locations.
  • Credit Suisse:  10-14 week internships in finance and accounting in Zurich (HQ); New York, NY; London; Tokyo; Hong Kong, and North American branches
  • Deutsche Bank:  8-10 week internships in Asset Management, Global Banking, Global Markets, Group Technology and Operations, Human Resources, Private Wealth Management, Legal, Risk and Capital, Finance
  • Lazard:  8-10 weeks for summer analysts; 10-12 for summer associates; duties include financial services and investment banking
  • Morgan Stanley:  10-week internships in Finance, Human Resources, Real Estate, Research, Technology available in various locations
  • Northwestern Mutual Financial Network:  One semester internship in finance or sales for financial services and insurance industry

Paid High School Senior Summer Internships:

  • Graduating high school seniors interested in a career in entertainment are invited to apply to the Warner Bros. REACH Program, which awards scholarship-internships packages of up to $10,000 for four consecutive summers.  More information is available at www.WBCitizenship.com.

Internships.com:

  • For the largest pool of paid summer internships in the world, advise your students to go to Internships.com, where they can search internships in every field as well as by paid/unpaid, virtual, and city.

10 Comments »

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  1. Great information for us! thanks a lot!

  2. Definitely! Glad it was helpful!

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