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Home » The Ultimate College Internship Guide

The Ultimate College Internship Guide

Last Updated On April 23, 2015 Robert Farrington 9 Comments

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internship getting coffee

Don’t Be This Guy as an Intern

It’s almost summer for college students around the country, and that means it is time to start thinking about getting an internship.  Internships can be great ways to get first hand experiences in the field you may want to pursue after graduation.  They also look great on resumes for new graduates, and many do pay, so you can have some spending money.   Finally, it can be a good way to start building your professional network and making industry connections for after graduation.

If you’re thinking about getting an internship this summer, here is your guide to nailing the process!

Start with Research

At the heart of any internship is the research that you personally put in to making sure that it is a fit with your goals.  Some people choose internships to test the waters of various industries (that’s what I did for my first two summers).  I found that my desired industry really wasn’t all it was cracked up to be.  Others want an internship to get their foot in the door – this is almost a necessity in some industries like finance and accounting.   The bottom line is that you need to know exactly what you want to get out of the internship.

Companies

After you know what you want, you need to look at what companies have to offer for internships.  Some companies have very structured intern programs that are designed to accomplish different tasks: get an overview of the company, learn industry specific skills, or more.  However, some companies have no structured programs and the interns end up being glorified assistants and get nothing out of it.  Do you research, see what is out there at each company, and begin making a list of where you may be interested in interning.

internship career services centerCollege Departments

If you’re looking for something in your field, your college department’s office is a good place to get some information.  This is especially true for the liberal arts majors and science majors.  Many departments can pair you up with individuals or firms doing specific research, and they usually have a tally of businesses in their field that want or need interns.

Talk to your Favorite Professors

Your professor can also be an excellent source of information when it comes to internships.  Many professors, especially in science and engineering fields, maintain close industry contacts and may be able to point you in the right direction.  Plus, many professors have also heard reviews from students on past internship experiences, and so they can be an excellent resource when it comes to what different companies have to offer.

Parents and Family Friends

Don’t neglect your personal network when deciding on an internship either.  Your parents or their friends may be working for local companies and have insights into whether they have internship programs and what to expect at their firm.  This insider knowledge can be useful for making a decision.

Career Services and Alumni Networks

Most colleges and universities have great career services departments that specialize in internships.  Make sure that you stop by, as most compile a comprehensive list of internships available.  Also, most career services offices leverage their school’s alumni network, so you have a better shot of at least getting an interview by making a connection through the college or university.

Career Fairs

Finally, once you have a list of companies you may be interested in, make sure that you stop by their booths at the next career fair.  This is a great time to make a first impression, get to know who you may be working with, and ask relevant questions about the company and the internship program.  You can usually see right away if the company will be a fit for you or not just by that initial first interaction.

 

Get Prepped

Alright, now that you’ve done you’re homework, it is time to get prepped to apply and interview.  Remember, how you act throughout the entire process (from initial contact all the way through) is being judged.  Don’t think that the receptionist isn’t going to share how you spoke on the phone, or the clerical person who schedules your interview won’t discuss your issues with scheduling.  Bottom line, many applicants get screened out well before the interview just because of something they did or didn’t do.  So be mindful as you get prepped.

The Resume and Cover Letter

Your resume and cover letter is usually the first impression you have with a potential recruiter.  As such, it needs to be perfect and free from common resume mistakes.  It also needs to highlight your strengths, and show how you will be an asset to the company as an intern, and not just a waste of their time.   It also needs to be less than a page, so don’t feel like you need to go into immense detail.  It is a high level teaser of your skills, enough to entice them to interview you, where you can share your stories in detail.

Every resume should include a cover letter.  In your letter, make sure you express both why you want the internship, and how you plan to add value to the company through it.  Highlight any interactions you’ve had (such as at a career fair) to show that you’ve already been interacting with the company.

After you have both the resume and cover letter, have at least three other people review it.  One can be a friend, but one should be either a professor or someone in the field you are trying to internship in.  The last one should be a professional.  You can usually get professional resume reviews for free at your career services office.  Remember, companies you apply to are using the best recruiting software, and they automate the process of looking for candidates.  Make sure that your resume has the keywords for the job you’re applying to.

internship mock interviewThe Interview

After you apply, you need to get prepped for the interview.  There are two important things that many candidates miss when it comes to the interview:

  • The initial introduction (the dreaded “tell me about yourself” lead in)
  • Answering the regular questions in an organized format
As you begin your interview prep, make sure that you have great stories for the most common interview questions.  You notice I said stories.  Don’t answer in generalities, but rather specific instances where you demonstrated the question.  All of your answers should be in the following format:
  • Describe the situation
  • Highlight the behaviors and tactics you used
  • Conclude with the outcome
Using this format, you should spend no more than 10% of the time describing the situation (many candidates fall into the trap of over-explaining), 80% of the time describing your behaviors and tactics, and 10% describing the outcome and how it concretely relates to the question being asked.
Once you get comfortable with your stories, it is time to take your prep to the next level.  Begin by practicing in front of a mirror, and get used to speaking to yourself in the mirror.  After that, see if your career center offers video taping of your interview.  Many career centers do, and this can be a great way to critique your interview style and get feedback for any distracting mannerisms (such as excessive “likes”, “ums”, or fidgeting).

 

Interview Day

Finally, it’s interview day.  You’ve already put a lot of work to get this far, so it’s time to get your game face on.  I like to think of getting to an interview as “its a yours to lose situation”.  Meaning, the recruiters have already chosen your application and generally have a feeling they may like you.  It’s now your job to prove it, and they are basically looking for ways for you to screw it up.  So don’t screw it up, and don’t give them a reason to not hire you.

Dress the Part

The first step is dressing appropriately.  This means understanding the culture of the company you are apply to, and always dressing just one notch above.  For most men, this means suit and ties.  For women, this means pant suits.

Arrive Early, but Not Too Early

Never be late to an interview, ever.  Never be on time to an interview, as that is considered being late.  You should plan on arriving to the interview between 5 and 10 minutes early.  Many companies may require some last minute forms to be filled out, and this buffer allows for that and then for the interview to proceed on time.  However, don’t be extremely early, as that can lead to awkwardness while you wait for your interview.

A good rule of thumb is to arrive in the area of the interview 30 minutes early, and either wait in your car or a local coffee shop.  Then, you can actually enter the office for the interview at 10 minutes prior, to allow for good timing.  You never want to let something like traffic be the cause of tardiness, so make sure you are planning ahead.  Maybe even drive the route the day before if you’ve never been to the company’s facility before.

Get Business Cards

Finally, get the contact information for everyone you meet.  Some companies make it easy and have them all at the reception desk, but other times you will need to get the business cards after the interview.  It is polite to ask for their card, especially at conclusion of the main interview, typically when they ask “do you have any questions for me?”.  Don’t lead with this question, but feel free to end with it if you haven’t received their card.

 

Follow Up

The follow up to an interview is extremely important as well.  Within 24 hours, you need to ensure that you’ve sent a thank you note to everyone you’ve met.  Depending on the company culture, this should be hand written and mailed.  If there are two highly qualified candidates, and one writes a thank you note and the other doesn’t, chances are that last gesture can get you the internship.  Beyond that, it is just polite.

Once you land the internship, the first day is no different than any other part of the process.  You should think of your internship as an extended job interview.  Many companies utilize their internship programs to assess future talent, and it is common practice to even offer great interns jobs upon completion of the internship.  That means you need to dress well everyday, and act professional at all times.  Whether you think you are or not, you are being judged by management at all times.

 

Post Internship

After completing the internship, your work is still not done.  If you really enjoyed working at the company and found some individuals with which you relate, you should stay in touch.  By building your professional network now, it will pay dividends later.  Whether you join that company or go somewhere else, having solid industry connections with which you keep contact with is essential.

And the contact doesn’t have to be in depth.  You may just email once a month and check in with how the project you were working on is still doing.  Or, you could ask an individual with whom you made a connection about career advice.  These little connections can go a long way to helping you network and get a job upon graduation.

 

Readers, I know this was a long post.  Hopefully you can share some advice about getting an internship with our readers!

Filed Under: Career Tagged With: career, College, Employment, Internship, University
Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

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About Robert Farrington

Robert Farrington is America's Millennial Money Expert, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him here.

One of his favorite tools is Personal Capital, which enables him to manage his finances in just 15-minutes each month. Best of all - it's free!

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a mix of properties through Fundrise. Worth a look if you're looking for a low dollar way to invest in real estate.

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Comments

  1. Invest It Wisely says

    April 24, 2012 at 5:09 am

    Treat it as seriously as you would any job! I didn’t dress appropriately for one interview… surprisingly we took the interview to the end and they said they liked everything, but couldn’t hire me due to the way I had dressed. I don’t know if it was cause I was pretty sick that day and not thinking clearly, or if I subconsciously didn’t actually want that particular internship (the way our system worked is that a system hooked you up with different random employers, and you HAD to go to the interview no matter what). Funny story now, but I feel bad. 😉

    Reply
    • Amanda L Grossman says

      April 24, 2012 at 5:55 am

      Bummer on that one!

      Reply
    • Robert says

      April 24, 2012 at 9:53 am

      Interesting system. Was it part of the career center or something similar?

      Reply
  2. Amanda L Grossman says

    April 24, 2012 at 5:54 am

    I had an internship my senior year in college…and it led to my first job! I went to my career counselor and said that I wanted to volunteer somewhere for a few hours per week. Secretly, I was concerned and nervous about the leap from college to full-time work, and about finding a job at all, so I thought this would be a good way to get my feet wet.

    When they found that I was useful, the work went over several hours per week. So then they paid me $12 per hour over three hours per week of volunteer. I was also taking a trip to Japan to visit my boyfriend (now husband!!) and I thought I could do some market research for them. It was great–and they paid for $500 of my ticket.

    All in all, fantastic job. I was offered a position for $40,000 upon graduating and accepted. It only lasted for one year, but was a great foray into “the real world”.

    Reply
    • Robert says

      April 24, 2012 at 9:52 am

      That’s a great story about how an internship can be a stepping stone to a full time job!

      Reply
  3. Alexis says

    April 29, 2012 at 4:38 pm

    My advice for college students is to start early! As the phrase goes, “the early bird catches the worm.”

    I studied abroad last Fall in Barcelona, Spain. I started applying for internship opportunities in late Fall (late October/early November) and by the time I finished, I’d applied to 28 internship opportunities with numerous firms (From Goldman to Genentech..pretty much financial analyst roles or investment banking positions). I’m SO grateful that I applied early because upon my return in Winter, I got several e-mails and phone calls requesting interviews. Within the first three weeks, I completed 18 interviews. It was exhausting and by the end I was really drained, but I’m so glad I did because I know numerous students at my school who dropped the ball while they were abroad and assumed they would get one when they would come back. Or, some who didn’t go abroad and they didn’t apply to enough companies (hoping one of the four or five they applied to would offer the job) and are STILL looking. Unfortunately, the current economy has not been kind to college students – companies are offering fewer positions and there are more applicants, so competition is rough and one needs to be at the front of the crowd to do well (based on my experience).

    This summer I’ll be moving across the country to intern at PNC Bank in Pittsburgh, PA (I’m a Cali native) for a $20/hour position with $2000 housing stipend , but had it not been for those early deadlines (PNC’s was December 6!), I would not be as fortunate as I am.

    So, it’s never too early to start looking and applying!

    Reply
    • Robert says

      April 29, 2012 at 4:43 pm

      Thanks for sharing your story! It just goes to show how good internships do get filled up early!

      Not only did you land a good internship, but it’s paid with a stipend as well! Nice job!

      Reply
  4. Nate says

    April 27, 2015 at 10:34 am

    April is too late to be looking for internships.

    I work full-time for a large, multi-national, private company that hires 300+ students every summer for roles as accounting, analyst, engineering, and IT interns. We recruit and interview students from universities across the country and they know by late October if they’re going to have an internship the next Summer.

    My advice: Start looking for next summer’s internship the first day of the Fall semester…even though that’s the last thing you want to think about.

    Reply
    • Robert Farrington says

      April 27, 2015 at 8:58 pm

      Great tip – you can never start looking too soon!

      Reply

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