Parenting Tip: Internships to Provide a Competitive Edge
There was a time, not long ago, when you could obtain a high school diploma and still be able to purchase a nice house with a yard and maybe a car or two to park in it. But, the ante had been upped since the time that I graduated high school. Career advice during my era included knowing that a Bachelor’s degree could provide a competitive edge over the job market. When my children enter college they will need to definitely consider graduate school or some type of Master’s degree in order to have a competitive edge. No one person is guaranteed a successful career just because they have a Bachelor’s or Master’s degree. However, statistics strongly support that even a Bachelor’s degree can make a difference in one’s lifetime income. In The College Payoff, a 2011 report by Georgetown University, researchers found that overall a college degree has a positive effect on income. Race, however, did not have the same effect. The report found that:
- African-Americans and Latinos earn less than their White counter-parts, even among the most highly-educated workers.
- African-Americans and Latinos with master’s degrees don’t exceed the median lifetime earnings of Whites with Bachelor’s degrees.
- Develop relationships with future employers
- Develop a social networking system in their field
- Testing out a career before you make a financial college investment
- Gain work experience/build resume
- Possible earn course credit
- Earn extra money
Planning on Applying for Internships? Keep these tips in Mind:
- Look for programs in a variety of areas: Dance, Science, Technology, Art, Math, Medicine you name it, it’s out there!
- Start thinking about teachers and others in your community/church your child can ask for a letter of recommendation. Word to the wise: be mindful of folks’ time and of those who are timely
- Make sure pictures not ‘becoming’ of a future scholar are removed from Facebook or Twitter and any other social media outlet BEFORE you send off applications or ask for a letter of recommendation.
- Check and double check required materials and deadlines.
- Check and double check required materials and deadlines. (I can’t say this enough!)
A Word on Paid vs. Non-paid Internships:Paid internships are always preferred. A 2013 survey revealed that those who took part in paid internships, 63.1%, received at least one job offer. Only 37% of unpaid intern’s received an offer, not much better than results for those with no internship—35.2 percent received at least one job offer.
- Those with paid internships who landed jobs got starting salaries averaging $51,900,
- Those with unpaid internships averaged salaries of $35,700
Check out LinkedIn’s list of the top industries and companies that convert the most internships into full-time positions for professionals.