Accounting Interns' Prospects are Sunny
A low unemployment rate and fewer students have enabled students nationwide to find themselves in a very good position as they seek and secure summer internships.
Just look at what one student who has agreed to work for Ernst & Young in Milwaukee will receive. For a three-month audit department assignment, he will make between $8,000 and $10,000, receive top-notch training from one of the top firms in the world, and even travel to Disney World for a conference--all expenses paid, of course.
The odds look favorable, too, for long-term job prospects, since Ernst & Young reports it hires about 90 percent of the firm's interns.
Recruiting tactics on campus also swings in the students' favor. At the University of Wisconsin-Madison, students used to pay $30 each to be listed in a database for potential employment. Because it is an employees' market, businesses who previously relied on the database have now chipped in $50,000 to list all students so they can more easily choose the best candidates and make the database readily available to everyone.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.