Why it Matters
Learning while working is vital for students to succeed after they complete a degree or receive a credential. Work-based learning experiences help students learn new skills, build networks, and gain clarity on their future goals. Evidence has shown that holding an internship can increase academic performance, confidence in career-planning decisions, employability, and career satisfaction.
Paid internships stand out for their ability to yield significant benefits. Participants of paid internships often receive more job offers and command higher starting salaries compared to their peers in unpaid positions. A 2022 study highlighted that paid interns had a median starting salary of $62,500, significantly higher than the $42,500 reported by unpaid interns, indicating a substantial financial advantage over the course of a career.