Like full-time salaries, internship pay varies by field. The National Association of Colleges and Employers (NACE) has information on average wages. Keep in mind compensation can include discounted parking, stipends, free lunch, subsidized housing, and other benefits.
If you offer an unpaid internship, be mindful of the "primary beneficiary test" under the Fair Labor Standards Act.
Our staff are happy to discuss best practices for internships with their students, including how to:
Craft a posting more likely to attract quality candidates
Structure an internship program that's valuable for your organization and the intern
Create a learning agreement, supervision plan, and end of program evaluation process - all recommended whether or not they are required by the school