{"id":47,"date":"2016-08-28T23:16:52","date_gmt":"2016-08-28T23:16:52","guid":{"rendered":"http:\/\/wayupstudent.wpengine.com\/?p=47"},"modified":"2018-06-29T14:08:12","modified_gmt":"2018-06-29T14:08:12","slug":"paid-vs-unpaid-internships-decide","status":"publish","type":"post","link":"https:\/\/wayupstudent.wpengine.com\/paid-vs-unpaid-internships-decide\/","title":{"rendered":"Paid vs. Unpaid Internships: How to Decide"},"content":{"rendered":"<div class=\"arve alignleft\" data-mode=\"normal\" data-provider=\"iframe\" id=\"arve-iframe-httpswwwyoutubecomembedfvkoddknlxg\" style=\"max-width:400px;\">\n<div class=\"arve-inner\">\n<div class=\"arve-embed arve-embed--has-aspect-ratio\">\n<span class=\"arve-ar\" style=\"padding-top:56.250000%\"><\/span><iframe credentialless referrerpolicy=\"no-referrer\" allow=\"accelerometer &#039;none&#039;;ambient-light-sensor &#039;none&#039;;autoplay &#039;none&#039;;battery &#039;none&#039;;bluetooth &#039;none&#039;;browsing-topics &#039;none&#039;;camera &#039;none&#039;;ch-ua &#039;none&#039;;clipboard-read &#039;none&#039;;clipboard-write;display-capture &#039;none&#039;;document-domain &#039;none&#039;;domain-agent &#039;none&#039;;encrypted-media &#039;none&#039;;execution-while-not-rendered &#039;none&#039;;execution-while-out-of-viewport &#039;none&#039;;gamepad &#039;none&#039;;geolocation &#039;none&#039;;gyroscope &#039;none&#039;;hid &#039;none&#039;;identity-credentials-get &#039;none&#039;;idle-detection &#039;none&#039;;keyboard-map &#039;none&#039;;local-fonts &#039;none&#039;;magnetometer &#039;none&#039;;microphone &#039;none&#039;;midi &#039;none&#039;;navigation-override &#039;none&#039;;otp-credentials &#039;none&#039;;payment &#039;none&#039;;picture-in-picture;publickey-credentials-create &#039;none&#039;;publickey-credentials-get &#039;none&#039;;screen-wake-lock &#039;none&#039;;serial &#039;none&#039;;speaker-selection;sync-xhr &#039;none&#039;;usb &#039;none&#039;;web-share;window-management &#039;none&#039;;xr-spatial-tracking &#039;none&#039;;\" allowfullscreen class=\"arve-iframe fitvidsignore\" data-arve=\"arve-iframe-httpswwwyoutubecomembedfvkoddknlxg\" data-src-no-ap=\"https:\/\/www.youtube.com\/embed\/FvkodDKnlxg\" frameborder=\"0\" height=\"225\" name sandbox=\"allow-scripts allow-same-origin allow-presentation allow-popups allow-popups-to-escape-sandbox\" scrolling=\"no\" src=\"https:\/\/www.youtube.com\/embed\/FvkodDKnlxg\" width=\"400\" title loading=\"lazy\"><\/iframe>\n\n<\/div>\n\n<\/div>\n<script type=\"application\/ld+json\">{\"@context\":\"http:\\\/\\\/schema.org\\\/\",\"@id\":\"https:\\\/\\\/wayupstudent.wpengine.com\\\/paid-vs-unpaid-internships-decide\\\/#arve-iframe-httpswwwyoutubecomembedfvkoddknlxg\",\"type\":\"VideoObject\",\"embedURL\":\"https:\\\/\\\/www.youtube.com\\\/embed\\\/FvkodDKnlxg\"}<\/script>\n<\/div>\n\n<p><span style=\"font-weight: 400;\">Choosing between a paid and unpaid internship may seem like a no-brainer, but there are several factors you should consider when making the decision. From your financial circumstances to the type of experience you\u2019re looking to gain, finding the right internship should take into account both your current situation and your future goals. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before we dive into the full list of things that may affect your decision, let\u2019s cover the basics. What\u2019s the difference between a paid internship and an unpaid one? The answer seems pretty simple: money. But it\u2019s actually a bit more complicated than that. Unpaid internships need to <\/span><a href=\"http:\/\/blog.careerservices.wayup.com\/2016\/04\/14\/legalities-of-hiring-interns\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">meet stricter standards<\/span><\/a><span style=\"font-weight: 400;\"> than paid ones and are more likely to be <\/span><span style=\"font-weight: 400;\">eligible for college credit<\/span><span style=\"font-weight: 400;\">. They are a great way to gain valuable hands-on experience that can be hard to come by in school. Unpaid internships can also help you land a job and <\/span><a href=\"https:\/\/www.wayup.com\/blog\/blog\/how-to-build-your-career-network-when-you-dont-have-connections?\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">grow your professional network<\/span><\/a><span style=\"font-weight: 400;\">. To find out more about credit requirements for your school and see how an internship meets your financial and professional goals, set up a meeting with your advisor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And if you\u2019re ready to take a more in-depth look at other factors, we\u2019ve come up with a list of questions to help you narrow down your options. <\/span><\/p>\n<h4><b>1. What do you need to get out of the internship? <\/b><\/h4>\n<p><span style=\"font-weight: 400;\">If you really need a summer job that pays, your focus should be on either a paid internship or a <\/span><span style=\"font-weight: 400;\">non-internship opportunity<\/span><span style=\"font-weight: 400;\">. But if you have the resources to support yourself (or are able to get another job in addition to your internship) an unpaid internship may offer some perks that a paid one doesn\u2019t. For example, many small companies don\u2019t have the budgets to pay interns, but sometimes they can offer a lot more hands-on experience than larger companies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The key is to find out what opportunities the company is able to provide and to make the most of them. Maybe you can set up weekly meetings with the leadership team or one-on-one mentoring with a senior manager. <\/span><span style=\"font-weight: 400;\">Companies want interns who are motivated and enthusiastic<\/span><span style=\"font-weight: 400;\">, and they\u2019re usually excited to work with you to provide the kind of experience you want. <\/span><\/p>\n<h4><b>2. Which type of internship will be most helpful to your career path?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">If you\u2019re nearing the end of your time in college, chances are you\u2019ve already had an internship (or two) and you\u2019re probably ready to take the next step towards your post-college career. In a recent survey, the National Association of Colleges and Employers noted that 65.4% of seniors who have paid internships on their resumes are more likely to <\/span><a href=\"http:\/\/career.sa.ucsb.edu\/files\/docs\/handouts\/2014-student-survey.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">get a job offer<\/span><\/a><span style=\"font-weight: 400;\"> prior to graduation. If you want a paid internship but haven\u2019t found any options, we\u2019ve got several <\/span><span style=\"font-weight: 400;\">paid internships<\/span><span style=\"font-weight: 400;\">\u00a0that might be right for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, if you\u2019re a <\/span><span style=\"font-weight: 400;\">freshman<\/span><span style=\"font-weight: 400;\">\u00a0or <\/span><span style=\"font-weight: 400;\">sophomore<\/span><span style=\"font-weight: 400;\">\u00a0and are looking to gain experience in a specific field, you may consider unpaid internships that give you the chance to develop certain skills and build your resume. The good news: You\u2019re more likely to land a paid internship with an unpaid internship under your belt.<\/span><\/p>\n<h4><b>3. Is there a possible future with the company?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">One of the best things about internships (both paid and unpaid) is that they can lead to a full-time job with a company. In fact, the promise of landing a full-time job is one of the main reasons why students consider unpaid internships in the first place. The best way to find out if the company you\u2019re considering interning with has a history of hiring interns is to ask directly. And if a <\/span><span style=\"font-weight: 400;\">company does frequently hire interns<\/span><span style=\"font-weight: 400;\">, they\u2019ll usually tell you that during your interview.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Choosing an internship is one of the most important decisions you can make during your time in college, and having as much information as possible will help you pick the right one. The key is to know what you want and work with potential employers to find the best fit. And if you want more advice, don\u2019t be afraid to reach out to former interns or employees who are alums of your school. They\u2019ll have the inside scoop on the companies you\u2019re considering and be able to tell you what they got out of the experience.<\/span><\/p>\n<p>Next, get more career tips for internships and entry-level jobs such as <a href=\"https:\/\/www.wayup.com\/guide\/dress-job-interview-bank\/\" target=\"_blank\" rel=\"noopener\">How to Dress for a Job Interview at a Bank<\/a>\u00a0and find answers to common interview questions such as <a href=\"https:\/\/www.wayup.com\/guide\/how-to-answer-what-gets-you-up-in-the-morning\/\" target=\"_blank\" rel=\"noopener\">What Gets You Up in the Morning?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Choosing between a paid and unpaid internship may seem like a no-brainer, but there are several factors you should consider when making the decision. From your financial circumstances to the type of experience you\u2019re looking to gain, finding the right internship should take into account both your current situation and your future goals. Before we &hellip; <a href=\"https:\/\/wayupstudent.wpengine.com\/paid-vs-unpaid-internships-decide\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paid vs. Unpaid Internships: How to Decide&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,40],"tags":[45,47,197,199,200],"class_list":["post-47","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internships-part-time-jobs","category-guide-to-internships","tag-job-search","tag-internship","tag-underclassman","tag-senior","tag-preparation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paid vs. Unpaid Internships: How to Decide | Career Advice &amp; Interview Tips | WayUp Guide<\/title>\n<meta name=\"description\" content=\"Choosing between paid and unpaid internships may seem like a no-brainer, but there are several factors you should consider when making the decision.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wayupstudent.wpengine.com\/paid-vs-unpaid-internships-decide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paid vs. Unpaid Internships: How to Decide | Career Advice &amp; 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