The Best Companies For Summer Internships

Actors Vince Vaughn and Owen Wilson in The Internship

Although Vault only makes quantitative data available in total, Loosvelt adds that MBAs tended to confer greater prestige to consulting firms than the rest of the sample. “MBAs who took our survey rate a handful of firms a lot higher in prestige than the rest of the pool of interns do (that is, than undergrads and non-MBA grad-degree holders). In particular, BCG, Bain, McKinsey, Berkshire Hathaway, BlackRock and Unilever get much higher prestige ratings from MBAs than from undergrads and non-MBA grad-degree holders. Meanwhile, MBAs rate several companies a lot lower than undergrads and non-MBA grad-degree holders. Companies such as Microsoft, Twitter, Oracle, Samsung, Intel, IBM, GM, Ford, ExxonMobil, PwC, and EY all receive significantly lower prestige ratings from MBAs.”

MBAs MORE CONFIDENT IN GETTING A FULL-TIME OFFER

Overall, the Prestige ranking remained relatively stable. Among Top 20 firms, BCG, Intel, and Mercedes each climbed three spots, while Nike and ESPN tumbled the same amount. Netflix, Linkedin, HBO and Bank of America each debuted in the Top 30, led by a 12th place finish by Netflix, which interns describe as “fresh and exciting” and “fast-paced and fun.”

Amazon Founder Jeff Bezos

While Loosvelt wasn’t surprised by the Prestige results, he was intrigued by Amazon’s move from 11th to 7th. “Maybe that jump was due to the firm’s Whole Foods acquisition or its other recent acquisitions. Amazon continues to grow and widen its reach, product-wise and geographically, and it’s becoming a more prestigious tech, entertainment, and consumer goods firm to work for in the process. That seems to be reflected in its rise in our rankings.”

Along with rating their internships and prestige, respondents also completed a survey on their experience. MBAs tended to be more confident about receiving a full-time job offer than the rest of the sample by a 53%-to-45% margin. Overall, half of the respondents ultimately received a full-time job offer after their internships, with 98.5% of them being paid.

In addition, Vault found that pay trumped all other factors in selecting an internship among students. However, Vault notes that location came in a close second following by career advancement in a chosen industry, and the odds of landing a full-time offer. Not surprisingly, 61% of respondents found their internship through campus recruiters, with 11.9% originating from referrals.

Here are the companies that performed the best for internships with their respective industries:

Best Accounting Internship: Elliott Davis ENVISION Summer Internship Experience

Best Consulting Internship: Bates White Summer Consultant Program

Best Energy Internship: Westar Energy Internship Program

Best Financial Services Internship: KPCB Fellows Program

Best Health Care Internship: Abbott Laboratories Internship Program

Best Investment Banking Internship: Perella Weinberg Partners Advisory Summer Internship Program

Best Media & Telecommunications Internship: Nickelodeon Nickternship Program

Best Retail & Consumer Products Internship: RAI Internship Program

Best Tech & Engineering Internship: Capital One Technology Development Program

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