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Graduate internship hiring summary. Here are some key points about hiring graduate interns in the United States:
Here's a step-by-step graduate internship hiring guide:
A graduate internship is a short-term experience that oftentimes leads to a permanent position. The academic program allows graduates to experience different roles within an organization. This professional learning experience provides them with practical and meaningful work associated with their career interest or field of study. Many interns are hired by the company where they are working under an internship program due to their relevant work experience.
Before you post your graduate 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 graduate internship for hire on a part-time basis or as a contractor.
A graduate internship's background is also an important factor in determining whether they'll be a good fit for the position. For example, graduate interns from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of graduate interns and their corresponding salaries.
| Type of Graduate Internship | Description | Hourly rate |
|---|---|---|
| Graduate Internship | $14-42 | |
| Teaching Fellow | An individual who works at an institution to foster the students' academic strive is known as a teaching fellow. They are known as a self-motivated and education-based counselor... Show more | $12-35 |
| Student Instructor | Typically, a Student Instructor engages students in learning the assignments, materials, pacing, resources, and activities. Student Instructors learn and enforce questioning and discussion strategies in promoting knowledge acquisition and student participation... Show more | $15-35 |
Including a salary range in your graduate internship job description helps attract top candidates to the position. A graduate internship salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a graduate internship in Iowa may be lower than in Massachusetts, and an entry-level graduate internship usually earns less than a senior-level graduate internship. Additionally, a graduate internship with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $69,464 | $33 |
| 2 | Maryland | $67,561 | $32 |
| 3 | California | $65,549 | $32 |
| 4 | Virginia | $64,630 | $31 |
| 5 | New York | $64,385 | $31 |
| 6 | Washington | $63,984 | $31 |
| 7 | Wisconsin | $60,813 | $29 |
| 8 | Oregon | $60,715 | $29 |
| 9 | New Mexico | $60,493 | $29 |
| 10 | Illinois | $60,463 | $29 |
| 11 | Indiana | $60,225 | $29 |
| 12 | Pennsylvania | $58,861 | $28 |
| 13 | Texas | $57,725 | $28 |
| 14 | New Jersey | $55,544 | $27 |
| 15 | District of Columbia | $52,299 | $25 |
| 16 | Michigan | $52,081 | $25 |
| 17 | North Carolina | $48,727 | $23 |
| 18 | Nevada | $46,266 | $22 |
| 19 | Georgia | $46,187 | $22 |
| 20 | Missouri | $46,065 | $22 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Menorah Medical Center | $132,108 | $63.51 | |
| 2 | Safeway | $127,674 | $61.38 | |
| 3 | Kaiser Permanente | $125,392 | $60.28 | 6 |
| 4 | Providence Health & Services | $103,984 | $49.99 | 2 |
| 5 | Raley's | $96,564 | $46.42 | 1 |
| 6 | Trinity Health | $85,474 | $41.09 | 8 |
| 7 | Albertsons Companies | $84,019 | $40.39 | 41 |
| 8 | World Wildlife Fund | $81,561 | $39.21 | 1 |
| 9 | ABB | $80,356 | $38.63 | 9 |
| 10 | SAP | $78,357 | $37.67 | 23 |
| 11 | University of Massachusetts Medical School | $74,072 | $35.61 | 1 |
| 12 | Duke University Health System | $73,161 | $35.17 | |
| 13 | LifePoint Health | $71,018 | $34.14 | 5 |
| 14 | HealthTrust | $70,799 | $34.04 | |
| 15 | Family & Children Assoc | $70,259 | $33.78 | |
| 16 | Comcast | $68,275 | $32.82 | 1 |
| 17 | Adventist HealthCare | $67,709 | $32.55 | 1 |
| 18 | Xerox | $67,527 | $32.46 | |
| 19 | Financial Industry Regulatory Authority (finra) | $67,300 | $32.36 | |
| 20 | Pharmaceutical Product Development | $67,016 | $32.22 |
A graduate 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. To help get you started, here's an example of a graduate internship job description:
To find graduate interns for your business, try out a few different recruiting strategies:
To successfully recruit graduate interns, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
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 selected the best graduate internship candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new graduate internship. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire graduate interns, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire graduate interns pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for graduate interns is $52,511 in the US. However, the cost of graduate internship hiring can vary a lot depending on location. Additionally, hiring a graduate internship for contract work or on a per-project basis typically costs between $14 and $42 an hour.