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Related message for students / new-grads: Find an internship. Internship interviews tend to be much easier as the stakes are lower. If you perform well during y

by Zaheer 6y ago

Related message for students / new-grads: Find an internship. Internship interviews tend to be much easier as the stakes are lower. If you perform well during your internship (arguably easier / more accurate indicator of success), the company will likely extend an offer. At big companies I've seen internship to offer rates exceed 30%.

benbristow 6y ago
+2 for this. Worked for me with two separate companies! One of them I had an internship and they never told me to leave, so I just kept working (and getting paid) until eventually they hired me full-time!
sidhanthp 6y ago
I've seen internship to offer rates exceed 80% :P Lots of Big Tech is in that general range. I actually don't know of any top companies where the offer rate is ~30%.
peterwoerner 6y ago
My company (defense contractor) has a goal of hiring more than 50% of our interns.
airstrike 6y ago
In most of Wall Street, internship to offer rates effectively start at 100% but some people during the course of internship manage to cause the employer to rethink the offer, so the final result is anywhere between 90-98% Well, not at JPM, but most everywhere else.
jaaron 6y ago
I'd go so far as to say, at least within tech, your primary goal during undergrad is securing one or more internships. I look at internships before grades and the school. When I interview fresh grads, if they have internships, that's what we talk about. When I have interns on my team, my goal is to hire them. At one large tech firm I was at, we had a goal of hiring 50% of our internship pool. It was the primary way we brought in new talent.
opportune 6y ago
30% is very low for big companies, I’ve never heard of somewhere being lower than 50% and 75-90% seems more standard (though offer does not necessarily lead to an acceptance).
text_exch 6y ago
This message is expressed very well here [1]. Tl;dr internships are helpful to students for a variety of reasons, like making applicants more valuable to employers, making programming less of an abstract concept, and exposing them to interesting subfields of computer science. [1] https://getatechinternship.com/2020/04/27/why-do-i-need-an-internship/ https://getatechinternship.com/2020/04/27/why-do-i-need-an-i...
TrackerFF 6y ago
Unfortunately, this has two sides. I've noticed that in banking - and I'm not talking about investment banking, or high-finance in general, but regular consumer banking - there's been a trend to basically hire woefully overqualified people for the lowest positions around - I'm talking about bank greeters, customer support, and what not, and then train them from there. This could very well be a local thing, but there are so many people today qualifying for these jobs - lots of BBA and MBA candidates out there, willing to do pretty much anything to get a foot inside. When I was interning for a bank, even the greeters (basically the person that just greets the clients, and forwards them to the right people within the bank - a receptionist, really) had a Bachelors degree, many were working on their Masters. The more sought after positions had been re-labeled "graduate programs" or "trainee programs", and were aimed at the top-shelf students. While the rest pretty much had to get a foot inside by working their way up from the bottom. So you suddenly have a ton of highly educated candidates applying for jobs that only 15 years ago required a HS diploma, if that even. Then when they're first inside, they tend to get moved around internally - as a lot of positions only get posted internally. It's almost the same way with internships. Internships are there to practically train and select future company workers. If you do well, you get a return offer - if not, well, at least you have some experience. With the rising number of graduates, I can foresee a future where candidates are being divided into the regulars and the elites. The regulars will, no mater how qualified they are, will have to start at the rock bottom, proving themselves for $8.5/hr, while the elites are trained for leadership/management-track positions.
- 908B64B197 6y ago
  That should be a signal that's there's an oversupply for whatever Bachelors degrees these employees were holding. It's the same thing in law, the best advice to give to an aspiring lawyer is to go have a chat with a practicing lawyer at a non-elite firm.

by Zaheer 6y ago

benbristow 6y ago

+2 for this. Worked for me with two separate companies! One of them I had an internship and they never told me to leave, so I just kept working (and getting paid) until eventually they hired me full-time!

sidhanthp 6y ago

I've seen internship to offer rates exceed 80% :P Lots of Big Tech is in that general range. I actually don't know of any top companies where the offer rate is ~30%.

peterwoerner 6y ago

My company (defense contractor) has a goal of hiring more than 50% of our interns.

airstrike 6y ago

In most of Wall Street, internship to offer rates effectively start at 100% but some people during the course of internship manage to cause the employer to rethink the offer, so the final result is anywhere between 90-98% Well, not at JPM, but most everywhere else.

jaaron 6y ago

I'd go so far as to say, at least within tech, your primary goal during undergrad is securing one or more internships. I look at internships before grades and the school. When I interview fresh grads, if they have internships, that's what we talk about. When I have interns on my team, my goal is to hire them. At one large tech firm I was at, we had a goal of hiring 50% of our internship pool. It was the primary way we brought in new talent.

opportune 6y ago

30% is very low for big companies, I’ve never heard of somewhere being lower than 50% and 75-90% seems more standard (though offer does not necessarily lead to an acceptance).

text_exch 6y ago

This message is expressed very well here [1]. Tl;dr internships are helpful to students for a variety of reasons, like making applicants more valuable to employers, making programming less of an abstract concept, and exposing them to interesting subfields of computer science. [1] https://getatechinternship.com/2020/04/27/why-do-i-need-an-internship/ https://getatechinternship.com/2020/04/27/why-do-i-need-an-i...

TrackerFF 6y ago

Unfortunately, this has two sides. I've noticed that in banking - and I'm not talking about investment banking, or high-finance in general, but regular consumer banking - there's been a trend to basically hire woefully overqualified people for the lowest positions around - I'm talking about bank greeters, customer support, and what not, and then train them from there. This could very well be a local thing, but there are so many people today qualifying for these jobs - lots of BBA and MBA candidates out there, willing to do pretty much anything to get a foot inside. When I was interning for a bank, even the greeters (basically the person that just greets the clients, and forwards them to the right people within the bank - a receptionist, really) had a Bachelors degree, many were working on their Masters. The more sought after positions had been re-labeled "graduate programs" or "trainee programs", and were aimed at the top-shelf students. While the rest pretty much had to get a foot inside by working their way up from the bottom. So you suddenly have a ton of highly educated candidates applying for jobs that only 15 years ago required a HS diploma, if that even. Then when they're first inside, they tend to get moved around internally - as a lot of positions only get posted internally. It's almost the same way with internships. Internships are there to practically train and select future company workers. If you do well, you get a return offer - if not, well, at least you have some experience. With the rising number of graduates, I can foresee a future where candidates are being divided into the regulars and the elites. The regulars will, no mater how qualified they are, will have to start at the rock bottom, proving themselves for $8.5/hr, while the elites are trained for leadership/management-track positions.

908B64B197 6y ago
That should be a signal that's there's an oversupply for whatever Bachelors degrees these employees were holding. It's the same thing in law, the best advice to give to an aspiring lawyer is to go have a chat with a practicing lawyer at a non-elite firm.