A couple of recent threads have focused a bit on internships, and I thought some hard data would be appropriate.
I was too lazy/stupid/short sighted to apply for an internship back in the day but certainly could have got one. Now, even for the "great" kids, it is tough out there.
If you know a kid who has an internship, he/she probably deserves a pat on the back.
A couple of the cites I used:
https://www.cnbc.com/2025/02/21/applying-for-internships-is-nearly-twice-as-competitive-as-last-year-says-new-report.html
https://www.naceweb.org/talent-acquisition/trends-and-predictions/internship-entry-level-job-modality-corresponds-with-students-job-preferences
- Average applications for internships are up 150% per opening in just the last 2 years so 250% more competitive. AI has everyone scared, and rightly so for entry positions.
- It's worse in tech at many companies (including the big ones) openings dropping 20-50% accompanied by layoffs of many of those that facilitated internships. In IT 273 apps per opening, in Finance - 193/opening.
- At the "super" tier (FAANG tech/finance/consulting) acceptance rates are well below 1% for many companies AFTER the original screening. It is much more difficult to get an internship at that level than to get into an Ivy League school.
I was too lazy/stupid/short sighted to apply for an internship back in the day but certainly could have got one. Now, even for the "great" kids, it is tough out there.
If you know a kid who has an internship, he/she probably deserves a pat on the back.
A couple of the cites I used:
https://www.cnbc.com/2025/02/21/applying-for-internships-is-nearly-twice-as-competitive-as-last-year-says-new-report.html
https://www.naceweb.org/talent-acquisition/trends-and-predictions/internship-entry-level-job-modality-corresponds-with-students-job-preferences