By Jacob Wolinsky. Originally published at ValueWalk.
Google And NASA Named The Two Most Prestigious Internship Programs To Have On A Resume, According To Latest Vault Career Intelligence Survey
Infosys Has The No. 1 Best Overall Internship Program; Abbot Has The No. 1 Health Care Internship And No. 1 Program For Data Analytics And Engineering; Captech Has The No. 1 Consulting Internship
Q3 2020 hedge fund letters, conferences and more
Vault’s Survey Also Looks at Trends Influencing the Internship Search
New York, NY, (Tuesday, October 27, 2020) Vault, the top career intelligence platform, has taken the guesswork out of the exhaustive internship search with today’s release of its 2021 Internship Rankings. The Internship Rankings highlight the top programs in 29 categories. Vault’s rankings include the Most Prestigious Internships, Best Overall Internships, Best Internships by Industry, Best Internships by Role, Best Internships for Diversity, and Best Internships in numerous employment factors, including Career Development, Compensation, Employment Prospects, Networking Opportunities, Quality of Assignments, Quality of Life, Real-Life Experience, and Training and Mentoring.
This past summer, Vault surveyed more than 11,000 current and former interns from more than 100 internship programs. In addition to asking respondents to rate and review their own internship experiences for our 2021 Best Internships Rankings, we asked interns to rate the prestige of other employers to determine which internships are the most desirable. Survey respondents were presented with a list of top companies and asked to rate each company on how prestigious its internship is on a scale of 1 to 10—with 10 being the highest and 1 being the lowest. Interns were asked to rate only the companies whose reputations they were familiar with. Vault averaged the ratings for each employer and then ranked the companies in order, starting with the highest score as No. 1 down to No. 50.
The Most Prestigious Internship Programs
The Top 20 Most Prestigious Internship Programs for 2021 are:
- NASA
- Apple
- Microsoft
- Tesla
- SpaceX
- Goldman Sachs
- Amazon
- J.P. Morgan
- Morgan Stanley
- The Walt Disney Company
- Nike
- NBA
- Deloitte
- IBM
- NFL
- Berkshire Hathaway
- Spotify
Google ranks No. 1 in prestige for the sixth year in a row. Survey respondents see Google as their “dream company.” They say the firm offers “an awesome work culture,” “great perks,” and “high pay.” They add that Google is “synonymous with innovation” and its employees are “the best of the best.” In addition, survey respondents say that Google “looks fantastic on a resume” and is “regarded as the best tech company to work for in the world.” However, since “everyone wants to work there,” it’s “difficult to get an internship” with this “industry leader.”
NASA takes one giant leap in the rankings this year to No. 2. Survey respondents tell us that NASA, which ranked No. 3 last year, is “associated with the smartest minds in the world,” and that its work is “historical,” “groundbreaking,” and “life-changing.” Respondents add that NASA has an “amazing reputation” and is a “very unique place to work”— “it would help separate you from other applicants” when looking for full-time positions. The internship program offers “tons of learning opportunities,” “super interesting work,” and “very useful analytical skills”— it’s a “career launcher.” However, getting an internship with NASA is “extremely competitive.”
Apple falls—but not too far—to No. 3 this year. Survey respondents tell us that Apple, which ranked No. 2 last year, is an “American icon and innovator,” has an “amazing culture,” and is a “trend-setting leading tech company.” Respondents also say that Apple offers “high pay,” “great perks,” and “meaningful projects.” While some respondents say that Apple is “beyond compare,” “the best company ever,” and “probably the top internship you could have,” others say that the prestige of your internship “depends on which career path you take.” “It’s a dream for UX,” says one respondent.
Microsoft holds steady at No. 4 this year. According to survey respondents, this “tech leader” and “innovative and creative brand” offers “good benefits,” “great pay,” and “a cool culture.” It has “awesome products”— “its software is widely used around the world.” Although some respondents say that maybe Microsoft is “not as cool as Apple,” many survey respondents agree that it’s a “top tech firm with great career prospects” and that an internship with this “very well established firm” “would look impressive on a resume.”
Tesla soars three places to No. 5 this year. Tesla, which ranked No. 8 last year, is an “innovative,” “up-and-coming,” “cutting-edge,” “elite,” “impressive” “disrupter” that’s “changing the future.” Survey respondents also say that this “cool company” and “top engineering and tech firm” would be a “huge resume builder.” Tesla offers “great growth” and is “pushing frontiers.” Maybe the only drawback is it’s “hard to get a job there.”
Other notable movers in the top 20 this year include the “groundbreaking” and “trendsetting” SpaceX, which skyrocketed four spots to No. 6 in the rankings this year; and the “cool,” “fun,” “impressive,” and “booming” Spotify, which rose three spots to No. 20. Meanwhile, the “e-commerce powerhouse” but “all-work-no-break” Amazon slipped three places to No. 8; and the “dominant,” “innovative,” “leading social media platform” Facebook, which is getting some “bad rep due to privacy issues,” also fell three spots, taking the No. 10 ranking.
Past and Present Interns Rate the 100 Best Internship Programs
In addition to asking interns which companies they’d most like to intern for, Vault asked more than 11,000 interns, past and present, about their actual internship experiences. On a scale of 1 to 10, with 10 being the highest and 1 being the lowest, respondents were asked to rate their internship experiences in six core areas: Quality of Life, Compensation and Benefits, Interview Process, Career Development, Full-Time Employment Prospects, and Diversity.
To determine an overall score for each program, the ratings were assigned relative weights based on what interns told us they value most in an internship. The overall scores are based on the following weighted formula: 30 percent career development, 20 percent employment prospects, 20 percent quality of life, 20 percent compensation, 5 percent diversity, and 5 percent interview process. Vault then compiled rankings of the top internship programs in more than 25 different areas.
This year’s winners include:
No. 1 Best Overall Internship: Infosys InStep Internship
Says one former Infosys intern, “The internship was great in pretty much every aspect. I really enjoyed my projects and found it rewarding to see how they connected to Infosys’ broader work. I learned a lot from the speaker series, which occurred multiple times a week. I had the opportunity to hear from people from different backgrounds and learn about how they found success. I also loved participating in the social and community building activities-especially the hackathon. It was an amazing experience to be able to connect with people from all over the world.” Another former Infosys intern, who went through a virtual internship with the firm, tells us, “I absolutely loved all the leadership and career webinars that Infosys offered, as well as the internal learning site, trainings, and all the networking opportunities with executive leadership. I had multiple sessions of these a week, which were incredibly engaging. I loved them!”
No. 2 Best Overall Internship: Wilkin & Guttenplan, P.C. Winter or Summer Internship
According to a former Wilkin & Guttenplan intern, “The best aspects of the internship were the training and real-work engagements. The team truly invested its time and energy into helping the interns succeed on the work we were given. Even after training, if I ever had a question or concern, I could always message my in-charge and she’d make time to help me. Another great aspect of the internship was the virtual shadowing. Rather than eliminate that element of the internship (since we weren’t in-person), the administration worked around this obstacle by implementing video calls so that interns can see what they do on a day-to-day basis. And in one of those shadowing experiences, I was able to ‘sit-in’ on a few meetings, which was really cool.”
Other notable names among the 100 Best Internships this year include the Abbot Internship Program, which jumped two places to rank No. 12 overall, while also ranking No. 1 in Health Care and No. 1 in both Data Analytics and Engineering; the DreamWorks Internship Program, which ranks No. 23 overall and No. 2 in Media & Telecom; and the Salesforce.com Software Engineer Summer Internship, which ranks No. 26 overall, while also ranking No. 6 in Tech & Engineering, No. 2 in Computer Science, and No. 5 in both Software Development and Software Engineering.
Below are the rest of our Internship Rankings, along with the programs that rank No. 1 in each ranking.
Vault Ranks the Top Industry-Specific Internships
Best Accounting Internship: Wilkin & Guttenplan, P.C. Winter or Summer Internship
Best Consulting Internship: CapTech Summer Internship Program
Best Financial Services Internship: Frazier Deeter Internship Program
Best Healthcare Internship: Abbott Internship Program
Best Investment Banking Internship: Evercore Advisory Summer Analyst and Summer Associate Program
Best Media & Telecommunications Internship: Nickelodeon Nickternship Program
Best Retail & Consumer Products Internship: The Home Depot Internship Program
Best Tech & Engineering Internship: Infosys InStep Internship
Vault Ranks the Top Internships by Employment Factor
Best Internship for Career Development: CapTech Summer Internship Program
Best Internship for Compensation & Benefits: Infosys InStep Internship
Best Internship for Employment Prospects: Infosys InStep Internship
Best Internship for Networking Opportunities: CapTech Summer Internship Program
Best Internship for Quality of Assignments: Infosys InStep Internship
Best Internship for Quality of Life: Infosys InStep Internship
Best Internship for Real-Life Experience: Wilkin & Guttenplan, P.C. Winter or Summer Internship
Best Internship for Training & Mentoring: CapTech Summer Internship Program
Vault Ranks the Top Internships for Diversity
Best Internship for Overall Diversity: Infosys InStep Internship
Best Internship for Diversity with Respect to Women: Infosys InStep Internship
Best Internship for Racial Diversity: Infosys InStep Internship
Best Internship for LGBTQ+ Diversity: Infosys InStep Internship
Vault Ranks the Top Internships by Various Role
Best Internship for Computer Science: Infosys InStep Internship
Best Internship for Data Analytics: Abbot Internship Program
Best Internship for Engineering: Abbot Internship Program
Best Internship for Information Technology: MetLife Internship
Best Internship for Sales & Marketing: NetApp Internship Program
Best Internship for Software Development: Infosys InStep Internship
Best Internship for Software Engineering: Infosys InStep Internship
View the complete Vault Internship Rankings.
Vault.com also features a web portal to help students research hundreds of internships, read thousands of internship reviews, and get advice on interviews, resumes, cover letters, and more at http://www.vault.com/.
Trends from Vault’s Internship Survey
In addition to ranking the companies with the best internship programs, Vault discovered some interesting facts about students, internships, and the internship search:
- 76.5% of internships were virtual this year, 10.9% were partially virtual, and 12.6% were entirely on site.
- 38.4% of internships lasted less than 6 weeks, 24.2% lasted between 10 and 12 weeks, 12.0% lasted between 6 and 7 weeks, and 11.1% lasted between 8 and 9 weeks.
- 68.3% percent of interns say the virtual aspects of their internships “exceeded their expectations,” 29.4% say the virtual aspects “met their expectations,” and just 2.3% say the virtual aspects “fell below their expectations.”
- Approximately 56 percent of internships resulted in full-time job offers.
- “Career advancement in chosen industry” was the No. 1 deciding factor when choosing an internship. “Corporate culture” was the No. 2 deciding factor, followed by “Opportunity for a full-time job offer” at No. 3, and “Pay” at No. 4.
- 42.6% of respondents found their internships through campus recruiting, 13.9% through a company’s website, 8.8% through referrals/friends and family, 8.6% through professional networking, and 8.3% through career fairs.
- When researching internships, most interns relied on their laptops or smartphones: 91.5% of respondents frequently used laptops, 37.0% frequently used smartphones, 16.1% frequently used desktop computers, and 89.0% frequently used tablets.
About Vault Career Intelligence
Vault, an Infobase Company, is the most comprehensive resource for employer, university, and internship program rankings, ratings, and insights. Vault’s influential rankings and reviews are sourced from directed surveys of professionals and students, and evaluate companies, schools, and internships in terms of prestige, best place to work, diversity, quality of life, compensation, and other categories. Vault offers strategic content and digital tools to help career searchers research employers, industries, interviews, and available jobs and internships. In addition, Vault partners with employers to help build their brands and assist with recruiting efforts, as well as with universities to help their students with employment placement and career selection.
The post Goldman Sachs & JPMorgan Among Top Ten Most Prestigious Internship Programs appeared first on ValueWalk.
Sign up for ValueWalk’s free newsletter here.
