Internships offer an attractive route into some of the UK’s top jobs with almost three-quarters of graduate employers hiring interns this year, according to the Association of Graduate Recruiters (AGR).

The AGR’s annual survey highlighted a 13% year-on-year increase in the number of internships on offer, with 45% of 2015 interns going on to secure graduate jobs in the same company this year. The survey also showed one in ten employers convert more than 83% of their interns into graduate hires.

The AGR said internships offered by respondents are typically two to three months long and paid, with intern salaries increasing at a faster rate than graduate salaries. This year the median intern wage was £330 a week– an increase of four per cent and equivalent to £17,160 a year. Meanwhile, median salaries for graduate programmes among respondents have risen by two per cent year-on-year to £27,500.

Banks, engineering and accountancy firms were found to make the most use of interns, hiring them in the largest volumes. In addition, banks pay the second highest salary (£21,000) after investment banking (£30,000).

However, the AGR also pointed out that internships aren’t the only viable route onto a graduate scheme. Employers are targeting students at a younger age with the number of higher apprenticeship programmes and school leaver programmes doubling in the last four years.

Stephen Isherwood, chief executive at the Association of Graduate Recruiters said: “If you need a job, get work experience. As well as a solid introduction to working life, you will develop skills that will make you more employable. Employers value internships in particular as they get a chance to see what you bring to the organisation. Make a good impression and you’re very likely to be offered a job at the end of it.

“Many employers have recognised the benefits interns bring, so invest and place a lot of value on them. However, while the image of internships is changing, coming a long way from its tea-making roots, this isn’t representative of all businesses. Make sure you get the right opportunity for you and have a clear idea of what you want to get out of it. Remember that internships are work, so you should receive at least the minimum wage.”


Back to Top

for Jobs by Email Newsletters Postgraduate Courses Careers Events