Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Employers tap interns for full-time jobs

By Aaron Smith, staff writer


NEW YORK (CNNMoney) -- Employers recruited more than half their interns for full-time positions last year, the highest rate of intern-to-staff hiring in a decade, according to survey results released Thursday.

The survey showed that companies turn 58% of their interns into full-time employees.

"That's the highest conversion rate we've seen since we started tracking this on an annual basis in 2001," said Marilyn Mackes, executive director for the National Association of Colleges and Employers.

The findings from the annual survey are a strong sign that interning could be a direct path to full-time work for students.

This isn't just about employers ramping up their use of interns for entry-level positions. Interns are also showing more willingness to accept the offers, according to the survey.

In 2010, 86.5% of interns offered a full-time accepted it, setting a new high water mark from 2009, when 83.9% of interns accepted job offers.

"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," said Mackes. To top of page

Index Last Change % Change
Dow 23,157.60 160.16 0.70%
Nasdaq 6,624.22 0.56 0.01%
S&P 500 2,561.26 1.90 0.07%
Treasuries 2.34 0.04 1.78%
Data as of 1:59am ET
Company Price Change % Change
Bank of America Corp... 26.48 0.28 1.07%
Micron Technology In... 41.65 1.26 3.12%
Advanced Micro Devic... 14.07 -0.09 -0.64%
AT&T Inc 35.71 -0.52 -1.44%
General Electric Co 23.12 -0.07 -0.30%
Data as of Oct 18
Sponsors

Sections

More than 5% of DACA recipients have started their own businesses since enrolling the program, according to a recent survey. More

Next to Mexico and Chile, America's elderly are experiencing some of the worst income inequality out of any developed country, according to the latest report from the Organisation for Economic Co-operation and Development More

Sometimes you need to improve your credit quickly. Here are a few steps you can take to boost your rating in a pinch. More