Hiring and wages for internships are both expected to increase this year, according to a new report from the National Association of Colleges and Employers.
NACE's employer members responding to the 2018 Internship & Co-op Survey expect intern hiring to grow by 1.7% this year.
Also this year, intern wages reached an average hourly rate of $18.73, which is up 67 cents—or 3.7%—from last year’s rate.
This continues a trend as wages for bachelor's degree-level interns have been on the rise since 2013.
The nominal increase in hourly wages for interns over the past five years is 15.5% (from $16.21 to $18.73 per hour).
For 2018, the fields of study that have the highest average hourly rate for bachelor's-level interns are computer science ($21.01), engineering ($20.92), math/statistics ($20.46), and health science/nursing ($20.13).
Need a Summer Intern?
If your company plans to hire summer interns, CBIA's Education & Workforce Partnership can help.
Thanks to a grant from the Gawlicki Family Foundation, the partnership can pay for up to 75 interns from the Academy of Engineering & Green Technology in Hartford.
Internships would begin in July and run four to six weeks, with the grant fully funding each student's internship.
Transportation can be a challenge for students, so Greater Hartford companies with access to public transportation are best for these internships.
CBIA members can contact Andréa Comer (860.244.1946) for more information.
About the survey: NACE’s 2018 Internship & Co-op Survey of NACE employer members was conducted from Nov. 8, 2017, to March 2, 2018. There were 309 respondents representing 29.1% of all eligible respondents.