Internships are often given a rollicking for not offering fair money to students, but a new study has shown that those who undertake a work placement are likely to earn £1,500 more in their first year of work.
The research, conducted by Inspiring Interns, found that graduates who had secured an internship in a relevant industry went on to achieve an average starting salary of £19,400 open entering full-time work. In contrast, graduates without the same experience have an average salary of £17,900.
The study was conducted between 2011 and 2012, and followed the success of 350 graduates from UK universities. Ben Rosen, chief executive of Inspiring Interns, said that work placements give students key skills in the workplace that they otherwise would not acquire.
Rosen said: “These statistics confirm the importance of work experience in the current employment landscape, Employers are no longer only interested in a graduate’s degree. Internships serve as a vital bridge between university and the job market, giving graduates the chance to expand their skills and demonstrate commercial excellence.”