<p>What I want to know is whether companies consider summer study abroad programs to be positive features on applications or if internships are the only thing that matters. Of course it’s necessary to have some experience working or interning, but is another job/internship necessarily better than study abroad when it comes to evaluating applications?</p>
<p>I haven’t seen $15,000 for 3 months of work anywhere… the most I’ve seen is about $9,000.</p>
<p>Well, my son has lined up a job at $14,000 for 16 weeks of work–his school lets out in early May and starts again in the third week of August–which should net him around $11,000 or so.</p>
<p>Of course, that’s here in the Silicon Valley–where housing costs are horrendous–and he gets no housing allowance; but then he doesn’t need it since I’ll let him live here at home for free. I guess his major costs will be just his gasoline and clothes.</p>
<p>I have no idea if this is a standard rate of pay out here for internships, but my guess is that it is not. Still it does show that $15,000 during the summer is possible–especially for an engineering major (my son’s a business major). And 2331clk’s post above also confirms that engineers can make $15,000 in one summer.</p>
<p>available but wicked rare. wicked. so rare as to, imho, be of no bearing to this discussion where most people are working for 3k internships if they are lucky.</p>
<p>Just to clarify, mattistotle mentioned finance or engineering, my son’s internship was systems job as a CS major summer before senior year which I think is similar. My point is it wasn’t i-banking internship although he interned for an i-bank.</p>
<p>The way the employer works it…say they hire first year analyst out of college at $70,000 starting salary. They’ll prorate summer internship wages based on that salary even though you’re still in college. $70K per year is $1346 per week…a ten week internship earns you $13,460 for example. Twelve weeks=$16,153.</p>
<p>I didn’t think these internships are so rare, maybe because many of son’s friends had ones like his. Internship was in Manhattan where costs are high, like Silicon Valley, so his employer offered the housing allowance which helped a bit. Even with NYC prices he had lots of spending $ left over for senior year.</p>
<p>It’s also my understanding they go to the internship people for full time hire, that was the case with son (he works for this i-bank). It’s no secret the internship is a 3 month interview opportunity for both sides, they make that clear.</p>
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<p>Regardless of qualifications, I wouldn’t expect anyone to accept me just because they knew me… it’s an unfair advantage. The example you listed–that nearly all of the employees traced back to one person–strikes me more as a disgusting injustice than as any sort of justification for it.</p>
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<p>It might not be a good idea to tell a kid what to be, even in a first summer job, but rather just to have some kind of work experience perhaps if you feel that is important in their life experience (which many do, but not all). But the assumption seems to be that being a camp counselor would be less stressful/likely to result in burn out than what is more traditionally considered an internship, and I don’t suspect this to be the case. Caring for youth on a pool or out on a lake, say, requires far more responsibility than writing software code of various kinds that will be tested by various people before going to market, for example. Counselors also often work long hours. </p>
<p>But to your question of putting their career in a tailspin, it might depend on when that job was taken. I know a gal whose only paid work experience prior to entering Stanford a few years ago was that of camp counselor. I doubt she’s going to have career problems once out of Stanford. But if someone is a camp counselor say just before the senior year of college, that <em>might</em> be a drawback for some job applications down the road.</p>
<p>itsover – but it happens. all the time.</p>
<p>I think internships are a great way to narrow down your career field. I started my first internship after my Freshman year and took a second my Sophomore year (both unpaid). I interned two days a week and worked as a nanny in the evenings and weekends (had to make money somehow). </p>
<p>I found a paid internship the summer after my Sophomore year, and then finally got my dream internship in January working at a consulting firm. In the process I gained work experience at a non-profit, in a government office, and now in the private sector. Knowing what I like and dislike in office environments is really going to give me a advantage in finding the right job out of college. Not to mention, I am already miles ahead of those students who are just now finishing up their first internships as rising seniors. I have established a solid network and I am now blessed with both a great job and a workplace that is a perfect fit. </p>
<p>Networking is key. I come from a solid school (American University), but my office recruits from the Ivies. I had someone send my resume around the office and after a round of interviews, was offered a position. It’s all about getting your foot in the door. Once you are there, you have to bust your a** twice as hard to prove that you were worth hiring.</p>
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<p>How is it an injustice if you’re hiring from a pool of candidates who are nearly identical? I don’t think it’s right if you hire somebody with lesser qualifications, but if there are no significant differences, you’d definitely hire the person you know. Like Britty said, you still have to prove that you deserve the job once you get it though.</p>
<p>EDIT oops i misunderstood the title</p>
<p>anyone know if IB internships like RBC in Toronto pays for living space?</p>
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<p>most cs internships that I know of(Intuit, Google, facebook, microsoft, apple, etc), pays about $5000/month at least. others even pay more with housing/relocation bonus/free food/massage/etc</p>
<p>since we’re all cs majors…</p>
<p>I personally have done two internshipships and I have found that they were incredibly helpful. Both were not required but I chose to anyway. It’s really not a bad thing to have them required.</p>
<p>Sincerely,</p>
<p>Alex
[The</a> College Students Guide to Free Money](<a href=“http://cashcratecollege.blogspot.com/]The”>http://cashcratecollege.blogspot.com/)</p>
<p>Jesus, is EVERYONE on here either a Business/Finance/Engineering major, or the PARENT of one? </p>
<p>Can’t there be a liberal arts College Confidential? Blech. </p>
<p>For what it’s worth, all three of my internships thus far have been earned solely on merit and previous experience. Zero networking. So, it can be done.</p>
<p>Not that I’m saying networking isn’t a good idea. It’s crucial, but not the end-all, be-all. </p>
<p>Oh, and the kid who has been pre-professional since being pre-natal needs to
lighten up, or he/she’ll be so busy organizing and preparing for a career that they will completely miss out on that other great thing - having a life.</p>
<p>After finishing my freshman year of college, I was planning on coming home, relaxing for the summer, and working as a waitress to make some extra money. I felt like I needed the break before classes started in the fall. And believe me, after your first year in the Ivy League, you would need a break too. But, as summer approached, I got super nervous about everyone else I knew who planned to work as an intern or in a research lab.
So, I used one of my connections at home and got an Engineering Internship for the summer. I have no idea what my major is going to be or what I want to do with my life. But, it seemed like good experience and it paid.<br>
The best part of my internship was that it was only 2 months long. I didn’t start working until July 1st and will leave Sept 1st. So I had the whole month of June to relax and make some good money (babysitting, etc) before I started and I will have 2 weeks off before I return to school in mid-Sept.
When I go back, I’ll have made about $8K. Not a bad deal. I got lots of experience, discovered I never ever ever want to be an engineer, and was offered an internship in their IT dept. for next summer.
Not everyone has such a good experience and many of my friends were sitting in front of shredders all summer but, it definitely can’t hurt to take an internship each summer.
It might be stressful trying to compete for a position, but believe me, many employers don’t trust interns enough to give them real work. It’s mostly the stuff that no one else wants/has time to do. Honestly, how stressful can that really be?</p>
<p>I understand why internships have gotten to the point of being so important, but I have to agree with many before me: it has gotten to the point of unhealthy competition.</p>
<p>I, as a sophomore in college, never have a moments peace. Like someone said on the first page, every step is calculated (or at least that’s what expected of us). If we fall behind, it sometimes SEEMS to late (and often times, to tell the truth, is). There are many career options that if you lose a semester and especially a year to being an undeclared major, or to not being involved in the right ECs, or to not meeting the right person, chances are it’s no longer an option.</p>
<p>While we’re certainly not wasting away our college careers, we will certainly glean something out of it and get a career (of some sort, even if it’s not one of the highly sought after ones), but I for one can say that the level of competition CERTAINLY takes its psychological toll on us all and we are going to be one crazy generation by the time we all reach age 40 if we keep up like this. </p>
<p>Okay, I’m off the soap box. But really, it sucks that we can’t remember what’s more important in life. Even when we try, it’s nearly impossible not to get caught up in the whirlwind of excitement/masochism that is a reality on pretty much every college campus these days, whether or not it’s an ivy league.</p>
<p>And I just read no assumptions’s post - AMEN! I’m switching from business to econ. While econ is no antrhopology or american studies, it’s certainly a step away from all the craziness that is the undergraduate business degree at a competitive school</p>