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Internship

An internship is a period of work experience offered by an organization for a limited period of time.[1] Once confined to medical graduates, internship is used practice for a wide range of placements in businesses, non-profit organizations and government agencies. They are typically undertaken by students and graduates looking to gain relevant skills and experience in a particular field. Employers benefit from these placements because they often recruit employees from their best interns, who have known capabilities, thus saving time and money in the long run. Internships are usually arranged by third-party organizations that recruit interns on behalf of industry groups. Rules vary from country to country about when interns should be regarded as employees. The system can be open to exploitation by unscrupulous employers.[2][3][4]

For the medical intern, see Internship (medicine).

Internships for professional careers are similar in some ways. Similar to internships, apprenticeships transition students from vocational school into the workforce. The lack of standardization and oversight leaves the term "internship" open to broad interpretation. Interns may be high school students, college and university students, or post-graduate adults. These positions may be paid or unpaid and are temporary.[5] Many large corporations, particularly investment banks, have "insights" programs that serve as a pre-internship event numbering a day to a week, either in person or virtually.


Typically, an internship consists of an exchange of services for experience between the intern and the organization. Internships are used to determine whether the intern still has an interest in that field after the real-life experience. In addition, an internship can be used to build a professional network that can assist with letters of recommendation or lead to future employment opportunities. The benefit of bringing an intern into full-time employment is that they are already familiar with the company, therefore needing little to no training. Internships provide current college students with the ability to participate in a field of their choice to receive hands-on learning about a particular future career, preparing them for full-time work following graduation.[5][6]

Insights: Many large corporations, particularly , have "insights" programs that serve as a pre-internship event numbering a day to a week, either in person or virtually.[9][10]

investment banks

Paid internships are common in professional fields including , architecture, science, engineering, law, business (especially accounting and finance), technology, and advertising. Work experience internships usually occur during the second or third year of schooling. This type of internship is to expand an intern's knowledge both in their school studies and also at the company. The intern is expected to bring ideas and knowledge from school into the company.[11]

medicine

Work research, virtual research (graduation) or dissertation: This is mostly done by students who are in their final year of school. With this kind of internship, a student does research for a particular company. The company can have something that they feel they need to improve, or the student can choose a topic in the company themselves. The results of the research study will be put in a report and often will have to be presented.[12]

[12]

Unpaid internships are typically through non-profit charities and which often have unpaid or volunteer positions. State law and state enforcement agencies may impose requirements on unpaid internship programs under Minimum Wage Act. A program must meet criteria to be properly classified as an unpaid internship. Part of this requirement is proving that the intern is the primary beneficiary of the relationship. Unpaid interns perform work that is not routine and work that company doesn't depend upon. [13]

think tanks

Partially-paid internships is when students are paid in the form of a stipend. Stipends are typically a fixed amount of money that is paid out on a regular basis. Usually, interns that are paid with stipends are paid on a set schedule associated with the organization.

are internships that are done remotely on email, phone, and web communication. This offers flexibility as physical presence isn't required.[14] It still provides the capacity to gain job experience without the conventional requirement of being physically present in an office. Virtual interns generally have the opportunity to work at their own pace.

Virtual Internship

International Internships are internships done in a country other than the one that the country of residence. These internships can either be in person or done remotely. Van Mol analyzed employer perspectives on study abroad versus international internships in 31 European countries, finding that employers value international internships more than international study, while Predovic, Dennis and Jones [16] found that international internships developed cognitive skills like how new information is learned and the motivation to learn.

[15]

Returnship are internships for experienced workers who are looking to return to the workforce after taking time away to care for parents or children.

Lucas, Clay, , The Sydney Morning Herald, Sydney, Australia, April 11, 2012

"Unpaid internship: code for modern-day exploitation?"

Perlin, Ross, , 1st ed., Brooklyn, NY : Verso Books, 2011. ISBN 978-1-84467-686-6

Intern nation : how to earn nothing and learn little in the brave new economy

Conlin, Michelle, , Bloomberg Businessweek, May 5, 2009

"Intern Abuse?"