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Millennial Branding and Experience Inc. Study Reveals an Employment Gap Between Employers and Students
Companies expect students to have internships but aren’t hiring interns
A new study by Millennial Branding, of 225 employers using Experience Inc.’s data pool of over 100,000 US companies, uncovers the student employment gap, skill requirements, and sources of hire for the class of 2012. 91% of employers think that students should have between one and two internships before they graduate, yet 50% haven’t hired any interns in the past six months. Students that have the required internships haven’t received job offers from companies since 79% of employers have hired 30% or fewer interns into full-time positions. Furthermore, 87% of companies think that internships should last at least three months for students to gain enough experience when most internships last around two months long. This employment gap is one of the reasons why half of all recent grads are jobless or underemployed as reported by The Associated Press.