Advice & Tips for fresh graduates & interns
Internship is a system of on-the-job training for white-collar jobs, similar to a apprenticeship. Interns are usually college or university students, but they can also be high school students or post graduate adults seeking skills for a new career. They may also be as young as middle school or in some cases elementary students. Student internships provide opportunities for students to gain experience in their field, determine if they have an interest in a particular career, create a network of contacts, or gain school credit. Internships provide employers with cheap or free labor for (typically) low-level tasks. Some interns find permanent, paid employment with the companies in which they interned. Their value to the company may be increased by the fact that they need little to no training.
An internship may be either paid, unpaid or partially paid (in the form of a stipend). Paid internships are most common in the medical, architecture, science, engineering, law, business (especially accounting and finance), technology and advertising fields. Internships in non-profit organizations such as charities and think tanks are often unpaid, volunteer positions. Internships may be part-time or full-time - typically they are part-time during the university year and full-time in the summer. They usually last 6–12 weeks, but can be shorter or longer, depending on the company involved. The act of job shadowing may also constitute interning.
Internship positions are available from businesses, government departments, non-profit groups and organizations. Due to strict labour laws, European internships are mostly unpaid, although they are still popular among non-Europeans in order to gain international exposure on one's résumé and for foreign language improvement.
HEC - Interim Placement of Fresh PhDs Program
Types of internships
Internships exist in various industries and settings. The two primary types of internships are:
- Work experience internship: Most often this will be in the second or third year of the school period. The placement can be from 2 months to one full school year. During this period the student is expected to use the things he/she has learned in school and put them into practice. This way the student gains work experience in their field of study. The gained experience will be helpful to finish the final year of study.
- Research internship (graduation) or dissertation internship: This is mostly done by students who are in their final year. With this kind of internship a student does research for a particular company. The company can have something that they feel like they need to improve, or the student can choose a topic within the company themselves. The results of the research study will be put in a report and often will have to be presented.