Last week, news hit that magazine publisher Conde Nast, which has 18 publications including The New Yorker and Vanity Fair, will no longer be utilizing interns.
This is kind of a blow to budding magazine writers and journalism majors, as many students dream of interning at such a company. But it also could be a blow to college students in general, especially those that don’t have resume experience coming out of school. Without any kind of on-site skills, students right out of college may find it more difficult to get hired, when more and more companies are ending their internship programs.
The pay-or-not-to-pay debate isn’t new, but it’s a debate that’s become more front and center in recent years, especially with the Labor Department becoming more stringent with its requirements to render an intern without pay.
We asked our Niche users about unpaid internships, and 80 percent said they were somewhat likely to very likely to take an unpaid internship in college. And if offered a dream internship, the number was 10 percent higher, as 90 percent of Niche users were somewhat likely to very likely to still take it even if it were unpaid. So it looks like college students are pretty hungry for experience, paid or not paid, dream internship or non-dream internship.
Yet, even if most Niche users would more than likely take an unpaid internship for the experience, 64 percent reported that they believe companies should be required to pay their interns, so it’s still something they’re concerned about. While 85 percent of users reported having never had a paid internship, of the 15 percent of users that did, more than half of them reported being paid minimum wage or higher for their paid internship.
What do you think? Which side of the debate do you land on?