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43 per cent of internships 'are unpaid'

43 per cent of internships 'are unpaid'

Nearly half of internship placements taken by students and graduates are unpaid, new research has shown.

A survey by Graduate Prospects revealed that 43 per cent of such positions offer no financial remuneration.

The study also showed that while graduates recognise the value of work experience, many believe that universities and the government can do more to promote internships as a way of giving young people exposure to a commercial environment.

Mike Hill, chief executive of Graduate Prospects, said: "Despite the hype around unpaid work experience over the last few years, we can see from the study that a huge proportion of interns still have to work for free."

He added that the recently-created best code of conduct for internships states that firms offering placements for longer than six weeks should pay candidates the national minimum wage.

Speaking to the Evening Standard recently, 20-year-old Tabatha said that she is enjoying her internship at an investment bank.

Posted by Beth O'Shea
 


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