Recently the New York Times ran a story about “University of Dreams,” a company that places students in jobs internships for eight weeks over the summer, in exchange for about $8,000! Despite this hefty price tag and the fact that these internships are unpaid, students express gratitude at having the opportunity to work with a company like NBC, Ford Modeling Agency or Nike. Yet students don’t need to settle for these types of arrangements, reports Business Week, who publishes a “Top 50″ list of internships available.
Topping many lists of premium jobs internships is PriceWaterhouseCoopers. In 2009, this mega-employer had more than 2,800 intern positions and stated that they “place enormous importance” on their internship programs because “interns represent a significant source of talent” for the firm. Interns work with mentors, attend workshops, perform practice exercises and try their hand at numerous accounting tasks. Following the $23.80/hour internship opportunity, 88% of interns were offered a job and 87% of them accepted.
Similarly, Ernst & Young, another accounting firm, had more than 2,200 jobs internships in 2009, which paid $25/hour. “As an intern here, you’ll be part of a global organization, working alongside committed professionals as you develop the skills you’ll need to succeed,” their website proclaims. Interns will work with various clients in different industry sectors performing tasks like audit reviewing, tax planning and marketing strategy development. In the end, Ernst & Young extended job offers to 98% of interns and 92% accepted.
Of course, all of the top jobs internships aren’t in accounting, although finance does account for a large portion of the top-paying and hiring firms. Consulting and insurance offer a number of internship opportunities, with firms like Travelers, Prudential, Progressive, American International Group, Navigant Consulting, Protiviti, Bearingpoint and Accenture offering paid positions. Insurance positions paid between $15 and $17 an hour, while consulting jobs paid more than $20. For those with a knack for business, there are ample ways to get involved.
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