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Business internship hiring summary. Here are some key points about hiring business interns in the United States:
Here's a step-by-step business internship hiring guide:
In a business internship, the responsibilities will vary by the directives given by the supervising staff. However, one of the primary duties as an intern is to perform support-related tasks for the department or office where they are assigned. An intern may participate in marketing research and analysis, devising sales strategies, producing progress reports and presentations, and even handling social media accounts for public relations, all while under the supervision of a more experienced colleague.
Before you post your business internship job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business internship for hire on a part-time basis or as a contractor.
Hiring the perfect business internship also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of business interns.
| Type of Business Internship | Description | Hourly rate |
|---|---|---|
| Business Internship | $12-21 | |
| Summer Analyst | Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information... Show more | $20-49 |
| Market Analyst Internship | When it comes to a marketing analyst internship, an intern primarily follows a senior or a more experienced officer's directives. Most of their tasks will revolve around processing paperwork, maintaining records and databases, participating in research and analyses, and assisting senior analysts in various projects... Show more | $18-48 |
Including a salary range in your business internship job description is one of the best ways to attract top talent. A business internship can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $40,408 | $19 |
| 2 | Illinois | $40,291 | $19 |
| 3 | Rhode Island | $39,869 | $19 |
| 4 | Pennsylvania | $39,776 | $19 |
| 5 | Washington | $39,586 | $19 |
| 6 | California | $39,104 | $19 |
| 7 | Massachusetts | $38,651 | $19 |
| 8 | New York | $37,760 | $18 |
| 9 | Wisconsin | $36,664 | $18 |
| 10 | Virginia | $36,648 | $18 |
| 11 | Minnesota | $35,579 | $17 |
| 12 | Delaware | $35,057 | $17 |
| 13 | District of Columbia | $34,169 | $16 |
| 14 | Arizona | $33,710 | $16 |
| 15 | North Carolina | $33,547 | $16 |
| 16 | Kansas | $33,539 | $16 |
| 17 | Nevada | $33,352 | $16 |
| 18 | Colorado | $33,284 | $16 |
| 19 | Nebraska | $32,956 | $16 |
| 20 | Georgia | $32,806 | $16 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Sandia National Labs | $51,622 | $24.82 | 69 |
| 2 | HP | $50,051 | $24.06 | 12 |
| 3 | Baker Hughes | $48,006 | $23.08 | 5 |
| 4 | Salesforce | $47,937 | $23.05 | 4 |
| 5 | SAP | $46,037 | $22.13 | 75 |
| 6 | Deloitte | $46,034 | $22.13 | 235 |
| 7 | Cubic | $45,798 | $22.02 | 1 |
| 8 | Ernst & Young | $45,476 | $21.86 | 277 |
| 9 | VMware | $45,357 | $21.81 | |
| 10 | Alliant Energy | $42,530 | $20.45 | |
| 11 | Teledyne Technologies Incorporated | $42,380 | $20.38 | 7 |
| 12 | Intel | $42,060 | $20.22 | 4 |
| 13 | KPMG LLP | $41,706 | $20.05 | 32 |
| 14 | Tucson Electric Power | $40,989 | $19.71 | 2 |
| 15 | Seagate Technology | $40,940 | $19.68 | 4 |
| 16 | USAA | $40,778 | $19.60 | 30 |
| 17 | International Rescue Committee | $40,244 | $19.35 | |
| 18 | Palo Alto Networks | $39,876 | $19.17 | 12 |
| 19 | Quorum International | $39,696 | $19.08 | |
| 20 | RubinBrown | $39,552 | $19.02 | 11 |
A business internship job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a business internship job description:
To find business interns for your business, try out a few different recruiting strategies:
Recruiting business interns requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the business internship candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new business internship first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring business interns. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new business internship employee.
The median annual salary for business interns is $35,282 in the US. However, the cost of business internship hiring can vary a lot depending on location. Additionally, hiring a business internship for contract work or on a per-project basis typically costs between $12 and $21 an hour.