What is an Internship
-
- An internship is a structured learning experience.
- Includes a position description with relevant and clearly defined learning objectives.
- An opportunity to help emerging professionals explore different career paths and industries.
- Provides opportunities to apply classroom knowledge in a professional environment.
- Provides mentorship in addition to supervision/feedback from an experienced manager.
-
- Primarily clerical.
- A vague, undefined experience.
- Unsupervised.
- A way to gain temporary staff to accommodate business needs.
-
Employers gain numerous benefits from having an internship program:
- Talent Pipeline: Internships serve as a pipeline for future full-time employees. Employers can evaluate interns' performance, skills and fit within the company, often leading to full-time job offers upon graduation.
- Cost-Effective Recruitment: Interns provide a cost-effective way to address immediate/temporary staffing needs.
- Fresh Perspectives: Interns bring new ideas and perspectives to the workplace. Coming from academic environments, they often introduce innovative approaches and up-to-date knowledge in their field.
- Increased Productivity: Interns can handle routine tasks and projects, freeing up full-time employees to focus on more strategic and complex responsibilities. This can boost overall productivity within the organization.
- Brand Awareness and Loyalty: Having an internship program enhances the company's brand on campus and within the industry. Interns who have positive experiences become ambassadors for the company, potentially attracting other talented candidates.
- Skill Development for Existing Employees: Supervising and mentoring interns provide development opportunities for existing staff, enhancing their leadership and management skills.
- Reduced Turnover Rates: Interns who transition into full-time roles tend to have lower turnover rates. They are already familiar with the company's culture and expectations, leading to a smoother transition and longer tenure.
- Corporate Social Responsibility: Offering internships demonstrates a commitment to supporting education and professional development, which can enhance the company's reputation and fulfill corporate social responsibility objectives.
What Can An Intern Do?
Interns want to be challenged and do work that is valuable to the organization. As you outline the focus areas for an intern, consider balancing work-related projects, daily operations and immediate needs.
Undergraduate business majors bring a mix of theoretical knowledge and a willingness to learn, making them valuable assets for tackling a wide range of tasks within an organization. Here are some examples of the types of work interns can assist with:
-
- Day-to-day Operations: General work that is important to day-to-day business functions or a broader organizational perspective. Depending on the focus of the internship, daily operations may be a significant portion of the job (i.e. accounting internships) for others, this may not be the primary focus.
- Process Improvement: Identifying inefficiencies in business processes and suggesting improvements. This can involve mapping out current processes, conducting time studies, and proposing new workflows.
- Customer Service: Assisting with customer inquiries, managing customer relations and providing support for customer satisfaction initiatives.
- Human Resources: Supporting HR functions such as recruitment, onboarding, employee engagement and training programs. This can include organizing interviews, updating employee records and conducting orientation sessions.
- Supply Chain Management: Helping with inventory management, logistics coordination and vendor relations. This can involve tracking shipments, managing inventory levels, and coordinating with suppliers.
-
- Market Research: Conducting research to gather data on market trends, customer preferences and competitive analysis. This can help in developing marketing strategies and business plans.
- Business Development: Assisting in identifying new business opportunities, developing proposals and supporting the creation of strategic partnerships.
- Marketing Campaigns: Supporting the planning, execution, and analysis of marketing campaigns. This includes creating content, managing social media accounts and analyzing campaign performance.
- Financial Analysis: Helping with financial modeling, budgeting and forecasting. This can involve analyzing financial statements, preparing reports and assisting with audits.
- Product Development: Participating in brainstorming sessions, gathering user feedback and helping to coordinate the development process.
-
- Out-of-Office Coverage: Assisting with covering for colleagues who are out of the office. This type of work can provide interns with a taste of the true nature of your business and the wide variety of issues that employees manage.
- Innovation Initiatives: Participating in innovation projects, such as developing new products, exploring new markets or implementing new technologies. This can include idea generation, feasibility studies and pilot program coordination.
- Digital Transformation: Supporting digital initiatives, such as website development, data analytics, or the implementation of new software systems. This can involve gathering user requirements, testing new systems and training employees.
- Change Management: Helping manage organizational changes, such as mergers, restructuring, or new policy implementations. This can involve communication planning, training support and feedback collection.
Internship Best Practices
Creating a successful internship program involves careful planning and implementation. Here are some best practices to consider:
-
- Define Clear Objectives: Establish the goals of the internship program, both for the organization and the interns.This includes defining the skills and experiences interns should gain and the contributions they are expected to make.
- Structured Program Design: Develop a structured program with a clear timeline, defined tasks, and objectives. Ensure that the internship has a balance of meaningful/challenging work, learning opportunities, and mentorship.
- Comprehensive Onboarding: Provide a thorough orientation and onboarding process. Introduce interns to the company culture, mission, policies and procedures to help them integrate quickly.
- Mentorship and Supervision: Assign mentors in addition to supervisors who can provide guidance, support and regular feedback. This helps interns navigate their roles and develop professionally.
- Meaningful Work: Assign interns tasks that are relevant and contribute to the organization's goals. Avoid focusing solely on menial or repetitive tasks that do not provide learning opportunities or value to the intern.
- Training and Development: Offer training sessions, workshops and development opportunities to enhance interns' skills. This can include technical training, soft skills development and career advice.
- Regular Feedback: Provide continuous feedback through regular check-ins and mid-internship performance review. This helps interns understand their progress, strengths and areas for improvement.
- Inclusive Culture: Foster an inclusive environment where interns feel valued and part of the team. Encourage participation in team meetings, social events and company activities.
- Career Pathways: Clearly communicate potential career paths within the organization. Discuss opportunities for full-time employment after the internship and provide guidance on how to achieve those roles.
- Competitive Compensation: Offer fair compensation, whether it is a stipend, hourly wage, or other benefits. This demonstrates the organization’s commitment to valuing the intern's contributions.
- Feedback Loop: Solicit feedback from interns about their experience and use it to improve the program. This can help address any issues and enhance the overall effectiveness of the internship program.
- Networking Opportunities: Facilitate networking opportunities within the company and the industry. This can include lunch-and-learns, meetings with executives and/or attendance at industry events.
- End-of-Internship Evaluation: Conduct a formal evaluation at the end of the internship. Offer to serve as a future reference for graduate school or employment based on performance.
- Post-Internship Engagement: Stay in touch with former interns, providing updates on job openings and maintaining a talent pool for future hiring needs.
Compensation
Paying interns is an investment in both the individuals and the organization, leading to a more motivated, diverse and talented workforce while enhancing the company’s reputation and ethical standing. Organizations should compensate interns for several reasons:
-
-
Competitive Edge: Offering paid internships makes an organization more attractive to highly skilled and motivated candidates. This ensures access to a broader and more talented applicant pool.
-
Diverse Applicants: Paid internships are accessible to Ñý¼§Ö±²¥ from various socioeconomic backgrounds, promoting diversity and inclusion within the organization.
-
-
-
Motivation and Commitment: Paid interns are likely to be more motivated, committed, and productive. They feel valued and fairly compensated for their contributions, leading to higher quality work.
-
Professionalism: Paid internships encourage interns to treat their roles more professionally, mirroring the standards expected of full-time employee
-
-
-
Fairness: Paying interns for their work is an ethical practice, recognizing the value of their contributions and respecting their time and effort.
-
Economic Support: Many interns rely on their earnings to cover living expenses, especially if they have relocated for the internship. Compensation ensures they can fully participate without financial strain.
-
-
According to the , unpaid internships must meet a narrow list of
criteria. The internship has to be mainly educational and benefit the intern more than the company. -
- Employer Brand: Offering paid internships enhances the company’s reputation as a fair and desirable place to work. This positive image can attract future candidates and improve overall employer branding.
- Word-of-Mouth: Satisfied interns are likely to speak positively about their experience, promoting the organization through word-of-mouth and social media
How should our organization pay interns?
Most organizations choose to pay interns an hourly wage. You could also pay a stipend if the internship is project-based. In addition to wages, many employers add benefits to their internship compensation packages especially if relocation is required. Some employers also provide benefits for social activities and/or holiday pay.
How do I calculate an hourly wage?
The hourly wage for an intern should be based on the skills needed for the role as well as the prior work experience and educational level of the intern selected.
If you need assistance developing a pay range for an internship role, please reach out to Michelle Schwartz, Director of the Gianchetta Student Success Center and Internships.
Work Schedule and Internship Length
-
During the academic year (late August-mid-May), internships should be part-time (10-20 hours/week) and offer flexibility around Ñý¼§Ö±²¥’ class schedules and academic obligations. Summer internships, or those during a semester in which the student is not enrolled in courses, can require up to 40 hours a week.
Internship Timeline table with Start Dates, End Dates and Average Hours of Work Per Week. Semester/Term Beginning Date End Date Average Hours Per Week Fall Late August Mid-December 10-20 Spring Mid-January Mid-May 10-20 Summer Mid-May Mid-August 10-20 -
An average internship is 3-4 months coinciding with a typical academic semester. An internship should be long enough for the intern to get into the rhythm of the position and complete deliverables that are valuable to you and them.
How do I Promote Open Roles and Recruit Interns?
The Career Development Team has developed resources to help you engage with our current Ñý¼§Ö±²¥ and recent graduates. For more information, visit the Employers page.
International Interns: Working with Non-U.S. Citizens
International Ñý¼§Ö±²¥ are eligible to work in internship positions provided they can secure Curricular Practical Training (CPT). This is temporary authorization for practical training directly related to their major or field of study. “Practical training” can include employment, internship experience (paid or unpaid), cooperative (co-op) education experience, practicum participation, etc. CPT is authorized by the UM Global Engagement Office in accordance with the F-1 Visa
regulations.
It is the student/intern’s responsibility to apply for CPT and any associated academic credits to maintain their F-1 Visa status. As an employer you can anticipate your intern will provide you with an I-20 form to allow them to work. If you have any questions or concerns about hiring an international student for an internship opportunity, please reach out to Michelle Schwartz, Director of the Gianchetta Student Success Center and Internships.
Internship Takeaways

Hope Rebich
Majored in Marketing
Completed a Social Media & Graphic Design Marketing Internship with the UM Women’s Basketball team
What did you learn about yourself during your internship? "Passion for design! As I created graphics throughout the season, I found great interest in designing sports-related content. I now have started custom making content for other teams just for fun!"
Would you recommend this internship to other Ñý¼§Ö±²¥? "I would definitely recommend a similar internship with this organization to another student because I feel like it really contributed to my learning and gave me the chance to be involved with the Marketing Department."

Bryce Vanderwoude
Majored in Finance
Completed a Financial Services Internship with Rowe Financial Group
How would you describe Rowe Financial Group’s culture? "The client-centered approach, open communication, and flexible work practices characterize Rowe Financial Group's culture and create a positive work environment. The company fosters a sense of belonging through inclusive decision-making and teamwork."
Did you have exposure to any leadership development opportunities? "I collaborated closely with Senior Advisors on a range of projects, including financial analysis and client consultations, with knowledgeable advisors. Through our partnership, I was able to see various leadership philosophies and learn how productive team's function."

Kate Sanchez
Completed an Accounts Payable Internship with Riverside Contracting
How did your internship add to your educational experience? "Reflecting on my internship as a whole, I believe it gave me a glimpse into the accounting field and what my future holds. While interning at Riverside I was able to relate the information I was learning in class to real world experiences at work. I observed that my grasp of concepts grew faster as I practiced the techniques at work."
What is the value of an internship? "Interning provides you with more critical thinking skills and exposure to different work styles."

Lauren Niebur
Senior majoring in Marking and Management & Entrepreneurship
Completed a Marketing Internship with Youer
What did you learn or how did you grow during your internship? The personal quality that I enhanced during this internship was communication. I learned to use several new content-creating apps and got to practice a form of photoshop that I really enjoy. I also increase my proficiency with photography/modeling while assisting on photoshoots.
What advice would you give Ñý¼§Ö±²¥ looking for an internship? "I would recommend finding a company that your values align with."
If you need assistance or have any questions, please reach out to Michelle Schwartz, Director of the Gianchetta Student Success Center and Internships.