Students strive for productive summers
By David M. Oppenheim
April is an exciting time of year at Yale. The sun is shining, students
get the chance to spend more time outdoors, and they finally start to catch a
glimpse of the light at the end of the tunnel--the beginning of summer
vacation. But this temporary euphoria leads naturally to the often difficult
and stress-inducing dilemma of what to do next.
Increasingly, students are expected to make productive use of their summers by
taking on an internship in any of a wide variety of fields. There are many
roadblocks to finding a truly outstanding internship experience. Individuals
search for positions which will look impressive on a resumé, will be
rewarding financially, and will provide opportunities to learn and develop
skills in a particular profession.
The process can be discouraging. In a letter sent to potential internship
applicants by The Economist magazine, the prospective intern is
told: "Interns receive no formal training.... They may have to struggle to get
anyone to pay them any attention. There is no guarantee of a job or of anything
else when the internship comes to an end.... The pay is miserable." The
question remains, though, are there internships which are more than just fodder
for resumés?
A Broad Spectrum of Experiences
Summer internships at large companies and institutions can be very
rewarding, but also often involve mindless busy work. "Yale is very academic
during the year, and we obviously don't want students to graduate with no sense
of the world," Yale College Dean Richard Brodhead, BR '68, GRD '72, said.
"Internships are ideally a way for students to plug in to part of the world
outside Yale's walls. While some internships are just glorified Xeroxing jobs,
some are certainly valuable."
Sandra Goodson, the associate director of Undergraduate Career Services at
Yale, explained the distinction between an internship and a summer job: "An
internship is a structured position with a defined project or assigned duties
and a clear end result. A summer job has no defined duties."
The New York investment banking firm Merrill Lynch offers its interns a chance
to do the work of a regular employee. Andy Katzman, BK '98, interned at Merrill
Lynch last summer. "I wasn't really an intern, but rather an analyst. I was
integral on projects and really learned the ins and outs of the business," he
said.
Don Fischer, DC '99, also reported having a great deal of involvement in the
Internet design firm Razorfish, Inc., where he worked. He emphasized the
advantage of working in a smaller company. "If you avoid busy work like
answering phones at the beginning, you can get yourself into a niche," Fischer
said. "I did a lot of hands on, client work. Many people in the office did not
know I was an intern."
In general, it is in the best interest of the employers to have the interns
perform real work. Ben Jones, technical recruiter for Microsoft, described the
rationale behind his company's internship program: "First and foremost, it is
to give students a channel to get experience working on real-life products with
some of the top experts in the industry," Jones explained. "Second, it's great
for us as well. Students working on actual products over the summer gives us a
tremendous boost in creativity, energy, and poductivity."
But internships can be valuable even in the absence of intimate involvement in
the organization, as illustrated by the experience of Meredith DePaolo, BK '98,
who worked at the New York-based publishing house Hearst Book Group. DePaolo's
internship involved spending one to two weeks in each of the firm's departments
and producing a book idea by the end of the summer. Though the company did not
use ideas developed by any of its interns, DePaolo still felt "they did a
really good job of giving an in-depth view of all aspects of publishing."
The role filled by Dan Brook, DC '00, in his internship for the United States
Senate Finance Committee was not quite as glamorous. He realized that he "was
not essential in any way," since his role was essentially that of a gofer. Just
being in the corridors of power, however, can be a thrill. "Even taking
documents to the Capitol is still pretty amazing," he said.
While working for a Senator might not ensure an eventual post on the Senate
floor, many students do look toward summer internships because of their
potential to develop into post-college job opportunities.
Stepping stones
The potential reward from summer internships has made students ever
more eager to land the prestigious positions. As Fischer said, "I definitely felt an obligation to get serious work over the summer, but I didn't
really want to. My job working for a design firm was a sort of compromise--it
was more laid back than a job on Wall Street."
Rebecca Friedman, PC '98, worked at the Advisory Board, a market research firm
based in Washington, D.C. She also believed she needed career-oriented summer
employment. "I wouldn't have felt comfortable waitressing in the mountains,"
she said.
According to Goodson, the trend of students seeking out internships appears
to have intensified in recent years. "Although we have no way of keeping
statistics, I see an increase in the number of students interested in
internships," she said. The number of internships advertised at UCS has also
steadily risen, reaching more than 1,400 this year.
One of the most fundamental reasons that students seek out internships is that
the experiences often prove valuable assets to graduating seniors seeking
jobs. Phil Hilal, ES '98, had an investment banking internship at Goldman,
Sachs & Co. last summer that translated into a permanent job offer for next
year.
Hilal placed a great deal of importance on his internship experience. "It
positioned me very well for my job search, both by adding to my resumé
and allowing me to interview early for a full-time position," he said. Hilal's
experience illustrates the most basic reward that an internship can offer
students in the long term, and his story is not unique.
Random House Publishing, a popular company for Yale students looking for
summer work, eventually hires approximately two-thirds of its interns to
full-time positions. The company's philosophy, according to Human Resources
Internship Coordinator Sue Grafton, is to "try to find a place for [our]
interns first. After all, they've met the initial criteria in order to be hired
as interns in the first place."
Abby Kuflik, deputy chief of correspondence for Newsweek and the
overseer of Newsweek's internship program, expressed similar sentiments.
"[Former interns] have an understanding of what to do in a professional
setting," Kuflik said. We certainly like them back [to work full-time]." She
added that Newsweek has consistently hired at least one of its interns
at the end of recent summers.
Price Hicks, the director of educational programs and services for the Academy
of Television Arts and Sciences, noted that full-time employment can never be a
sure thing, regardless of experience. "Our internships usually develop into
jobs, but we can't guarantee anything because entertainment is a business that
is rapidly changing," she said.
She hastened to add that "none [of the internships offered] are definitely
door openers, but when [employers] see `I was an Academy intern,' that tells
them a lot about the person--that they've been through the mill, done a lot."
The Academy's internship program, ranked number one by the Princeton
Review's America's Top Internships, takes in students interested in all
aspects of television production and gives them experience working with
established Hollywood people in their desired field of expertise. Many of the
hosts of the interns are former interns themselves.
In almost all industries, a summer internship can be a boon for students in
their searches for future employment. Prestigious internships communicate to
potential employers that the applicant has already survived a vigorous
application process and has experience in the field.
Money in the Bank
For many students, the summer is also a time to make money, and both students
and corporate recruiters are acutely aware of this need. Organizations that are
able to offer paid internships are not limited to choosing exclusively from
those students with sufficient financial means. "It is expensive in New York
City," Kuflik said. "If we did not pay interns, we'd be limited to people able
to support themselves. We want the best people possible."
Many positions in the public sector and nonprofit areas, however, are unpaid.
Goodson laments the fact that these positions are impossible for students who
need to support themselves. "There are many wonderful opportunities that some
students cannot take," she said.
The financial burden on students was eased somewhat by a recently
implemented rule regarding the calculation of financial aid. The summer work
requirement is a component of a student's assets and an integral part of the
overall financial aid package. For the past two summers, students
in the class of 1999 receiving aid were expected to contribute $2,190 in summer
earnings, essentially barring them from accepting unpaid and lower-paying
summer positions. This year, that requirement will be waived for one summer,
allowing all students to pursue a broader range of opportunities.
This change was made so that all students could be eligible for the
same opportunities. "The waiver was created in recognition of the way
internships have evolved in the past few years, and the realization that there
are now all sorts of things you can do with yourself over the summer that don't
pay much or at all," Brodhead said. "That situation creates an inequality
between students who can afford to spend their summers unprofitably and those
who can't, so we wanted to remedy that inequality."
While this step eases somewhat the financial burden on students, it is still
difficult for students to accept the less lucrative positions, as expenses
incurred during the summer can be prohibitive.
Even at Goldman, Sachs and Co., a high paying internship, Hilal found that
money was tight. "All things considered, [the internship] didn't pay much. The
costs of living are high. You can't expect to walk out with money in your
pocket."
Friedman questioned the wisdom of the financial aid summer work requirement in
general: "The [requirement] always seemed sketchy. Most of the money I made, I
spent during the summer." It is rare to find an internship that is truly a
financial windfall.
The most often cited reason for participation in internships was for students
to gain experience in a particular field, both to help determine whether to
make their careers and to build their resumés. To this end, corporate
internships often prove extremely successful, and, especially in light of the
financial aid modifications, will continue to attract scores of Yalies. As
Fischer remarked, "There is no such thing as an unpaid internship."
Molly Ball contributed to this article. Jump graphic by Patrick
McGarvey,
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