Internships–what next
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This document discusses internships at Ernst & Young and what the future may hold for them. It provides context on the increasing graduate numbers and decreasing graduate vacancies. Ernst & Young offers 800 graduate positions and 360 internship positions annually. Internships are effective at attracting and converting candidates earlier in the recruitment cycle through real work experience and skill development. The author predicts internships will grow in demand and importance due to market forces, but will also become more competitive to obtain.
Internships–what next
- 1. Internships – what next? Stephen Isherwood Head of Graduate Recruitment, UK & Ireland
- 2. Agenda ► Some context ► What we look for ► Development of internships ► My crystal ball Page 2
- 3. Context - Graduate market Graduate numbers ► 335,000 students graduated in 2009 ► 260,000 graduated in 1999 ► 175,000 in 1994 Graduate vacancies (top 100 graduate employers) ► 19,900 vacancies in 2008 ► 14,300 in 2009 ► Over 18,000 in 2010 EY Opportunities ► 800 graduate places across UK & Ireland ► 360 internship places
- 4. How we go to market Attraction ► Media channels ► 30+ target universities ► Campus teams – 300+ events per year ► Milkround presentations ► School scholarship programme ► Leadership courses ► EY Degree ► Summer internship programme ► 1-year industrial placement programmes ► Leadership academies ► Insight days
- 5. Context – Ernst & Young Recruitment challenge ► c18,000 applications per year ► c2,500 interviews ► c900 at assessment centres ► 22,000 hours of business time
- 6. And we still had vacancies unfilled
- 7. The ideal candidate What we look for ► Practical intelligence ► Problem solving ability ► An ability to work with and through people ► Ambition ► Drive What good looks like ► Good academic track record ► Motivated - not happy with average ► A team-player ► Self aware ► Confidence without arrogance ► A desire to work in the commercial sector
- 8. Why internships? The attraction challenge ► Marketing on campus is hard to target effectively ► Brand competition on campus fierce ► Does not differentiate quality candidates Effective converters ► Attract earlier in the cycle ► Retention and conversion rates strong if done properly ► Brand built by ford of mouth
- 9. How internships are developing Thorough selection process Multiple options ► Summer internship ► Industrial placements ► 2-day insight ► 3-day leadership academy ► International internship Focus on employability skills ► Integration in the organisation ► Real work ► Building networks Job offer
- 10. My crystal ball •Market forces will drive employability issues with students •An internships arms race? •Greater demand for internships •More places but harder to get them •Growth of schools programmes •Helicopter parents
- 11. Questions?