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Penny's Internships Blog

By Penny Loretto, About.com Guide to Internships

Top Intern Employers for 2009

Thursday July 9, 2009
CollegeGrad.com announces the Top Intern Employers for 2009! These employers were selected because of their dedication to the training and development of talent through internships. Take some time to check out some of these companies to find out why they are listed at the top.

International Student Gets Full Time Job

Wednesday July 8, 2009
Internship success stories always catch my interest and this one is especially interesting because it not only shows the connection between internships and jobs; but it tells the story of how one student from Ghana was able to overcome the obstacles faced by many international students and secure employment while still living in the US.

Although it is reported that only 20% of new graduates seeking employment right after college have secured full time jobs this year, The National Association of Colleges & Employer's (NACE) student survey reported that 73% of these new graduates who were hired to work after graduation, completed an internship sometime during their college career.

Has the Current Recession Affected Your Summer Plans?

Tuesday July 7, 2009
The Summer of 2009 will not be remembered fondly by many college students who were hoping to find summer internships or for those who recently graduated and hoped to have already secured a regular full time job. A recent article in The New York Times illustrates the various struggles families are going through during these tough economic times and the different ways they are learning to cope with them.

Even though times are tough, there are things that students can do to help them become more marketable in the future. Even doing menial work in a local store or fast food restaurant has something positive to teach its workers. Since most employers look for candidates with communication, interpersonal, organizational, teamwork, and time management skills; completing a "menial" job can be helpful in developing these valuable skills to include on your resume. In addition, many nonprofit organizations are hurting because of the economy as well and would welcome an extra pair of hands to keep their organization going.

Whatever you decide to do for the summer, make sure you understand the value of the experience and how you can use it to your advantage. Asking others for help can also bring about desired results as well as additional opportunities.

Question:

How has the current recession affected your summer plans? Please comment below.

INTERNSHIP PICK OF THE WEEK
ATLAS/CERN 2009 Multimedia Contest and Paid Internship Program

Monday July 6, 2009
Interested students can win a paid multimedia internship for fall at CERN (the largest particle physics laboratory in the world and birthplace of the World Wide Web) in Geneva, Switzerland. Students should familiarize themselves with The Atlas Experiment prior to applying for the internship. This Experiment includes physicists from over 169 universities and laboratories as well as 700 students. Atlas is one of the largest international collaborative efforts that has ever been attempted in the physical sciences.

The research being completed is expected to make enormous strides that will eventually end up impacting young people to take an interest in studying and appreciating the sciences.

They are seeking creative students who are interested in working with scientists at the CERN site. All candidates must create a video/multimedia project in English that is less than 5 minutes in order to apply for the internship.

The deadline to apply for this internship for fall semester is July 31st.

The movie Angels & Demons with Tom Hanks is about a race against time between him and CERN scientists where antimatter has been stolen from a secret laboratory at CERN.

Previous Picks:

College Students Learn Advantages of Doing Internships

Friday July 3, 2009
Many college students seek internships as a way to gain the relevant work experience employers require when seeking to hire for future full time positions that come available. Students who have not completed one or more internships during college are definitely at a disadvantage when they find themselves competing for available jobs as well as internships.

College students will benefit if they learn to follow various strategies and techniques for seeking unadvertised internships. Reaching out to professionals in a field of interest as well as learning about companies that offer internships will go a long way in securing opportunities to gain the relevant experience and skills that employers look for.

Dress for Success

Wednesday July 1, 2009
Dressing for success in a job interview will greatly increase your chances of getting hired for an internship or a job. Although you may have heard that the dress code for the organization is informal, applicants interviewing for jobs should always lean towards dressing up for the interview rather than taking their chances and losing the offer due to inappropriate dress.

Photo @ Barun Putro

INTERNSHIP PICK OF THE WEEK
The Academy of Arts & Sciences

Monday June 29, 2009
Each year The Academy of Arts & Sciences offers qualified, full-time students pursuing bachelor or graduate degrees at colleges and universities in the US an opportunity to get "hands-on" experience and an in-depth exposure to professional television, techniques, and practices.

The television industry is very competitive and relevant experience in the field as well as professional connections are the necessary requirements for "breaking into" the field of entertainment. Internships offer real world experiences and an opportunity to learn more about this exciting field. Making professional connections in the field is also crucial when seeking jobs in such a competitive industry.

Finding a Fall Internship

Saturday June 27, 2009
After sending out your application materials, it is important to check to make sure the employer has received everything they need from you. By following up with the employer, you can also get an indication on when the employer plans on making a decision and what the next step in the process will be. This also gives the employer the impression that you are still very interested in interning with the organization.

This follow up can be key in securing an internship for fall semester. Your motivation and initiative will be rewarded by the organization since most employers prefer interns who take the initiative to do what it takes to get an internship with the company. I often hear from students that they are just waiting to hear back from an employer and I always recommend that they take the initiative to follow-up on each application or resume they send. This strategy provides valuable information for students since they can find out when an employer plans on making a decision and if the student is still being considered for a position as an intern.

Students Face Differences in Times of a Recession

Friday June 26, 2009
Alex Williams, a writer for the New York Times, is writing a story on how students are coping this summer in the midst of a recession. Interested high school and college students can contact Alex at alexwill@nytimes.com to discuss how they feel the Summer 2009 is different from previous years. I’d like to also hear from readers on the Internships Forum to compare notes on what’s different for this year’s students.

Banking Industry Slashes Internships

Wednesday June 24, 2009
The current economy has caused many employers to reduce the number of internships and jobs they are offering this year to college students and new graduates. This includes many of the large banking firms to cut back on their internship programs this year. Since students know that employers look for candidates with previous work experience, slashing internships in the field of banking makes getting a future job in the field even more challenging.

In yesterday's Reuter’s Steve Eder wrote an article entitled "Economy prompts big U.S. banks to slash internships." Although several banks have hired interns for the summer, the percentage of interns in most firms is definitely down this year. For students interested in finance or banking, it has been an extremely challenging year for students and new graduates alike.

What should students do if they can't land the internship of their dreams? Barbara Hewitt of University of Pennsylvania's Wharton School said that students are encouraged to consider smaller boutique firms, unpaid opportunities, internships abroad -- or even other industries. Alternative financial opportunities are also available for students looking to find unique and unadvertised internships in the field. Being flexible and open to possibilities is key when seeking internships or jobs in a tough economy like the one we are currently experiencing. Students should look into tapping into their network and use other creative ways for finding unadvertised internships and jobs.

For more information on jobs and internships in the financial services industry, be sure to check out fellow About.com Guide, Mark Kolakowski's, About.com site to Financial Careers.

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