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More Students Getting Paid for Internships, Says New Vault Survey; 66% of Students Say They Have Received or Will Receive Compensation for Their Internships.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the second annual Internships Survey by career publisher Vault, Inc. (www.vault.com), 66% of college students are receiving some form of compensation for their work as interns, from "$10/hour, free parking" to "$13,000 a summer as a summer analyst."

Vault's 2005 Internships Survey is comprised of 344 responses from undergraduates across the U.S.

Many survey respondents stated that they have received or are receiving considerable compensation for their summer internships. For example, one student "will be paid $4000 for 10 weeks...," while another received "$3700/month, $3000 signing bonus A signing bonus or sign-on bonus is a sum of money paid to a new employee by a company as an incentive to join that company. These are often given as a way of making a compensation package more attractive to the employee e.g. if the annual salary is lower than they desire. ."

Now, many interns no longer have to make the choice between a lucrative yet "typical" summer job like life-guarding or landscaping and the valuable job experience and resume building power of a summer internship internship /in·tern·ship/ (in´tern-ship) the position or term of service of an intern in a hospital.
internship,
n the course work or practicum conducted in a professional dental clinic.
. They can have the best of both worlds.

About Vault, Inc.

Vault, Inc. is the leading media company focused on careers. Vault offers over 100 nationally distributed print books, from the best-selling Vault Guide to the Top 100 Law Firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 to the Vault Guide to Schmoozing. Vault is celebrated for its online resource, www.vault.com, which offers recruiting services for employers, detailed "inside" information on over 3,000 companies and 70 industries, as well as the much-praised Electronic WaterCooler(TM), the Internet's first-ever network of expert-moderated message boards for professionals. Vault was founded in 1997 by Hussam Hamadeh, Samer Hamadeh, and Mark Oldman Mark Stanford Oldman (1969- ) is an American entrepreneur and wine personality.

In 1997, Oldman founded Vault.com, formerly Vault Reports, a popular recruitment company. He is co-president and director of Vault.
.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 4, 2005
Words:235
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