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- Allows the employer to utilize a cost-effect way to fill short-term needs, especially during low staffing periods. Interns can help when the need arises for a special project or when the organization needs temporary assistance due to staffing shortages, especially during summer vacation months.
- Employers have the opportunity to pre-screen prospective employees before committing to them for permanent positions. They will also have an advantage over other companies in hiring the most qualified student if that student has already worked as an intern in the organization and feels comfortable there.
- Employers have the satisfaction in knowing that they helped contribute to a student's future job growth by giving them an opportunity that will be invaluable as they pursue their career path and allow them to bring "real world" experience to the classroom.
- Hosting an intern gives current employees the opportunity to supervise others. This will help an employer determine if that individual has the necessary supervisory skills when promotional decisions need to be made.
- Working with the faculty and students at The University of Missouri - Saint Louis College of Business can help develop relationships with the University community for future projects and networking opportunities.
- Compensation is obviously preferred, especially for business students. However, because they receive college credit and valuable experience, most students will accept a lower pay scale than they might normally require and many would be willing to forgo pay altogether if the experience and benefit lead them to their career path. As a rule, the better interns will obviously choose the intern program that provides the highest compensation, all else being equal.
Suggestions for Employers to Develop a Successful Internship Program
- Determine your need.
- Assign meaningful duties.
- Develop project-related assignments that the intern can work on from start to finish.
- Encourage frequent interaction between the intern and the Site supervisor.
- Make time for the intern to learn about the entire company and to meet employees from outside her/her functional area.
- If possible, provide the opportunity for the intern to present the outcomes of his/her project to others within the organization through oral presentations or written reports.
- Provide feedback to the intern concerning possible future opportunities with the company.
Any prospective employer interested in sponsoring The University of Missouri - Saint Louis College of Business students should contact:
Room 469 SSB
University of Missouri St. Louis College of Business
One University Boulevard
St. Louis, Missouri 63121