How much do you earn in an internship? The average cost of an internship
This article first appeared in The Globe and Mail.
1,979 people were surveyed, and a total of $15.6 million was spent.
The average salary for an internship was $25,846, while average starting salary was $31,834.
This means interns can earn more than $40,000 a year in their first year, while those who finish their degree in the first year earn just $15,000.
“There’s no question that people need to be able to support themselves in their work and the way they’re able to do that is through internships,” says Janice Mihaylowska, the director of student employment services at the University of Toronto.
The survey also revealed that interns are generally more engaged than their non-internships counterparts, but that the gap isn’t necessarily because of the type of work.
“In terms of being engaged, it’s certainly not that we’re more engaged in the job because we’re doing internships or doing work,” Mihyas said.
“But the way we’re able do that, I think is something that’s important to think about.
We’re more involved and we’re spending more time, and that is really important to us.”
A recent survey found that many of the interns surveyed were reluctant to talk to the media about their experiences.
About a quarter said they’d prefer not to discuss it.
Mihays says she thinks the issue is more of a perception issue.
“It’s something that is quite clear in the way that people think about their work, and people do feel that they’re getting paid better because they’re working on projects that have greater impact,” she said.
However, that doesn’t necessarily translate into a higher pay.
“We’re not sure if that’s really true or not, and we don’t really know if it is or not,” she added.
Muhays says it’s also important to consider how the money is being spent.
“Some of it might be spent in the form of the intern’s pay package or in the kind of benefits that they get,” she explained.
“So, it could be something that could be a reflection of the quality of the project itself.”
Mihanylowskas also thinks there’s an important distinction to be made between internship and non-intervention in an industry.
“What we’re looking at is a way to encourage more people to participate in the economy and not just be paid in a salary,” she says.
Munchins also thinks that the study could have a big impact on the way the public views interns.
“I think the main thing is that there’s a perception out there that interns do more unpaid work, whereas there are definitely studies that show that interns can actually get paid for it,” she told CBC News.
“And I think we need to make sure that there are people doing that work in the industry who can afford to do it and are doing it for the right reasons.”