A majority of employers end up offering full-time jobs to their interns, according to a survey by the National Association of Colleges and Employers. In fact, about 70% of interns land a job with their employer after their internship is over. Major companies, including General Electric, Lockheed Martin, Goldman Sachs, IBM, NBCUniversal, and all of the Big Four accounting firms, are known to hire a large percentage of their staff directly from their pool of interns.
Depending on the target industry, an internship could be a crucial step in landing a job, especially for those fresh out of college. However, the financial viability of interning can be a gamble, as internships tend to vary wildly in their pay rates – with many offering little to no compensation. (Here are the highest paying jobs you can get without a college degree.)
According to career search website Zippia, the average hourly wage for interns in Minnesota stands at $16.88, the 16th highest among the 50 states.
Meanwhile, a recent report from online lender CashNetUSA found that 5.0% of all internships in Minnesota were unpaid as of August 2022, the sixth smallest share of all states.
|Rank||State||Avg. hourly intern pay ($)||Unpaid internships as a share of total (%)|