More details from the NACE website:
April 28, 2011— For students looking to get their foot in the door with an employer, there’s more evidence that taking part in an internship could be the answer, according to results of a new survey conducted by the National Association of Colleges and Employers (NACE).
Employers responding to NACE’s 2011 Internship & Co-op Survey reported that an average 39.1 percent of their entry-level hires from the Class of 2010 came from their own internship programs. In addition, the responding organizations reported converting, on average, nearly 58 percent of their interns into full-time hires.
“That’s the highest conversion rate we’ve seen since we started tracking this on an annual basis in 2001,” says Marilyn Mackes, NACE executive director.
Accounting, at least in part, for the highest-ever conversion rate: “Students accepted job offers from organizations at which they interned at the highest rate we’ve ever seen,” says Mackes.
In 2010, 86.5 percent of interns offered a full-time job accepted it, up from 83.9 percent in 2009—the previous “high-water” mark.
“This suggests that students were somewhat wary about the job market and opted to take the offer rather than gamble that something better would come along,” says Mackes. “As the job market improves, it’s likely that we’ll see that change as students have more opportunities available to them.”
Latest reports do not indicate that the job market will improve soon, all the more reason to start working now on next summer’s internship.