Gauge the effectiveness of your internship/co-op program with data from NACE's 2010 Internship & Co-op Survey. Get a broad national view of the market for internship and co-op students and discover which recruiting methods your colleagues say work the best. You'll get insight into the hiring expectations of competing recruiters, and find out how much other organizations expect to pay these student workers. You'll want to use this report to benchmark your own internship or co-op program!  This report contains:

• Hiring projections by sector, region, and type of employer (where data are available) for 2010,
• Compensation (salary, signing bonuses, and benefits)
• Offer, acceptance, conversion and retention rates
• Many other valuable details from 235 organizations that who hire internship and co-op students.

Survey participants get a free copy of the full report. 

2010. 8-1/2 x 11 in. 44 pages. PDF. NACE employers who participated in the survey receive a free copy.  $160.00 for NACE members; $260.00 nonmembers. Order your copy today! You can also order by phone: 800.544.5272. 

Special Offer: Purchase NACE’s Building a Premier Internship Program: A Practical Guide for Employers PLUS 2010 Internship & Co-op Survey and get all the “how-to” plus the most current benchmarks—and save 15 percent off. Click here to order this special combination. (Must be ordered together to get special price.)

Table of Contents 

Executive Summary 

Internship and Co-op Programs: An Overview  

Figure 1: Respondents with formal intern or co-op programs
Figure 2: Primary focus of internship program
Figure 3: Primary focus of co-op program
Interns and Co-ops on the Job
Figure 4: Distribution of time among job functions
Figure 5: Distribution of time among job functions by industry
Figure 6: Offering a rotational program as part of internship or co-op

Hiring Projections 2009-10  

Figure 7: Internship/co-op hiring plans, class of 2009 vs. 2010
Figure 8: Trends in internship and co-op hiring 2004 - 2010
Internship Hiring Projections
Figure 9: Internship hiring levels 2009 vs. 2010, by industry
Figure 10: Internship hiring levels 2009 vs. 2010, by region
Co-op Hiring Projections
Figure 11: Co-op hiring levels 2009 vs. 2010, by industry
Figure 12: Co-op hiring levels 2009 vs. 2010, by region
Returning Interns

Recruiting  

Figure 13: Percent of internship recruiting budget allocated to various activities
Figure 14: Effectiveness ranking of various internship recruiting activities
Figure 15: Percent of co-op recruiting budget allocated to various activities
Figure 16: Effectiveness ranking of various co-op recruiting activities
Offers/Acceptances
Figure 17: Average intern/co-op cycle times, in number of days
Figure 18: Average intern/co-op cycle times, in number of days, by industry
School Selection
Figure 19: Reasons to recruit at a particular school

Compensation 

Salary
Figure 20: Percent of paid interns
Figure 21: Average intern salary by degree level
Figure 22: Average intern salary by academic major (bachelor’s degree level)
Figure 23: Average intern salary by class (bachelor’s degree level)
Figure 24: Average intern salary by class (master’s degree level)
Figure 25: Average intern salary by industry (bachelor’s degree level)
Figure 26: Average intern salary by region (bachelor’s degree level)
Figure 27: Average co-op salary by degree level
Figure 28: Average co-op salary by class (bachelor’s degree level)
Figure 29: Average co-op salary by class (master’s degree level)
Figure 30: Average co-op salary by academic major (bachelor’s degree level)
Figure 31: Average co-op salary by industry (bachelor’s degree level)
Figure 32: Average co-op salary by region (bachelor’s degree level)
Signing Bonuses
Figure 33: Offered signing bonus to intern/co-op, 2009
Figure 34: Offered signing bonus to intern/co-op, 2010
Figure 35: Average signing bonuses, intern/co-op, 2009
Figure 36: Average signing bonuses, intern/co-op, 2010
Benefits
Figure 37: Benefits provided to interns
Figure 38: Benefits provided to co-ops
Figure 39: Benefits provided to interns by industry (food/bev mfg)
Figure 40: Benefits provided to interns by industry (chemical/pharm mfg)
Figure 41: Benefits provided to interns by industry (computer/electronics mfg)
Figure 42: Benefits provided to interns by industry (misc mfg)
Figure 43: Benefits provided to interns by industry (retail trade)
Figure 44: Benefits provided to interns by industry (finance/insurance/real estate)
Figure 45: Benefits provided to interns by industry (accounting svcs)
Figure 46: Benefits provided to interns by industry (engineering svcs)
Figure 47: Benefits provided to interns by industry (misc prof svcs)
Figure 48: Benefits provided to co-ops by industry (chemical/pharm mfg)
Figure 49: Benefits provided to co-ops by industry (computer/electronics mfg)
Figure 50: Benefits provided to co-ops by industry (misc mfg)
Figure 51: Benefits provided to co-ops by industry (engineering svcs)
Relocation Assistance
Figure 52: Providing relocation assistance to interns and co-ops
Figure 53: Providing relation assistance to interns and co-ops, by industry
Figure 54: Types of relation assistance provided to interns
Figure 55: Types of relation assistance provided to co-ops
Figure 56: Relocation assistance to interns
Figure 57: Relocation assistance to co-ops

Conversion and Retention 

Figure 58: Trends in internship conversion
Figure 59: Average intern conversion rate, by industry
Figure 60: Trends in co-op conversion
Interns and co-ops as a percentage of new hires
Figure 61: Trends in hiring entry-level professionals from internal internship and co-op programs
Retention
Figure 62: Average retention rates after one year
Figure 63: Average retention rates after one year, by industry
Figure 64: Average retention rates after five years
Figure 65: Average retention rates after five years, by industry

 Summary