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Graduate salaries down by 6%

November 15th, 2010

It is something that we know will come as no surprise: graduate salaries are on the decline.

XpertHRs annual graduate recruitment survey showed that starting salaries offered to graduate recruits are 6% lower than in 2009; indicating that they are not keeping up with pay rises across the economy.

Following the student riots over university tuition fee increases last week; this news – though not good – could act as some justification for the protesters. Part of the rationalisation for the substantial tuition fee increases was because it was alleged that graduate salaries were becoming more generous, something the XpertHRs survey disputes.

Half of the 190 employers surveyed offered graduates starting salaries of between £20,000 and £26,000. Overall however, the starting salaries varied greatly: with the lowest graduate earning £12,000, and the highest receiving £42,500.

As the cost of living continues to rise, it is feared that graduates will face further financial pressure in the future, particularly in the context of increased student fees to initially contend with.

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DEBATE: Should the long-term unemployed be made to do community work for their benefits?

November 9th, 2010

For some months now the topic of whether or not the long-term unemployed should be made to work for their benefits has been tossed around Parliament. This weekend the debate surrounding the benefits reform re-ignited as the government looks to go ahead with their original proposals.  Here, we summarise exactly what the government are suggesting, outline different sides of the ‘compulsory community work’ argument being highlighted in the media, and ask, what do you think? Should the long-term unemployed be made to do community work for their benefits?

Background information

The UK currently has five million people on out-of-work benefits, with it recorded last year that three million working-age people had been receiving those benefits for two years or more. Government statistics further showed that 1.4million people have been on an out-of-work benefit for nine or more of the past ten years. The numbers mean that the UK has one of the highest rates of workless households in Europe; with 1.9m children living in homes where no-one has a job.

What exactly is being proposed?

To try and reduce these figures the government plan to make it compulsory for those unemployed on a long term basis (although ‘long-term’ has yet to be defined) to do community work, such as gardening, litter-picking or working with a charity.

Though the community work scheme is in the process of being officially outlined, initial submissions suggest that the placements will be more like ‘work experience’ than full-time jobs, lasting from two weeks to one month. The claimant would be expected to work a 30 hour week to allow them to “experience…the habits and routines of working life” again.

Any claimant who refused or failed to turn up to work on time could then have their £65 Jobseekers’ Allowance frozen for at least three months.

The ‘Work Activity scheme’ is said to be designed to help reduce welfare dependency, stop claimants from opting to take benefits rather than work, and flush out those claiming whilst doing undeclared jobs on the side.

Points against the proposal

- Unemployed people will be treated like prisoners – Community service is currently the most frequently used form of punishment for those convicted of a crime, with over 20,000 people given a community sentence last year. By making the unemployed also do community service, they are a) being “punished” in the same way as a convicted criminal, and b) reducing the impact of this prevalent court punishment for those that have caused a criminal offence.

- It will cause already vulnerable people into further despair – The Archbishop of Canterbury is against the proposals, saying he believes it could drive people “into a downward spiral of uncertainty, even despair.” He argued that people who are already genuinely struggling to find work and struggling to find a future do not need their unfortunate circumstances turned against them.

- It could cost lower sector workers their jobs – If the unemployed are made to do lower sector jobs such as litter picking and gardening, then the demand for people currently hired to perform such roles will lessen or even cease to exist. If those people then become unemployed, they could end up finding themselves doing the same role as before, but on a far smaller income provided by the benefit system.

-  It will force the wages of the average worker down – If people are made to work for free, then the whole employment system could end up restructuring.  Unemployed people, feeling that a certain job is more desirable than community work / that any money paid is better than nothing, may feel forced to accept jobs for less pay than other competitors. The result is that those competitors then also have to take less money to get another job, and so on and so on, eventually impacting the average workers wage bracket.

- Forcing people into work will mean they have less time to find better employment – People who are made to work 30-hour weeks will have less time to search and apply for job posts, meaning that they will be even more unlikely to acquire themselves a permanent position.

- It is slave labour – Forcing people to work for free is being deemed as unlawful and has been accused of being the modern day equivalent of ‘slave labour’.

Points for the proposal

- It will help to flush out ‘benefit scroungers’ – By making people do community service, it will teach those who have opted for a life on benefits rather than employment that they can no longer have their lifestyle funded by those that work. It will also put a stop to those claiming benefits whilst unlawfully working, as they will not be able to carry on their undeclared position whilst carrying out the compulsory work scheme.

- It is fairer to the taxpayer – The unemployed should give something back to those paying for their benefits by helping out in the community. There are many people who have never claimed jobseekers, and have always managed to maintain a working life even if they had to take less desirable positions. Why should they then fund people to ‘sit at home’ when these people could be filling many important roles within the community?

- Allows people to experience the workplace again – Danny Alexander, the Lib Dem Secretary to the Treasury, told the BBC’s Politics Show that the scheme was intended to “support and encourage”  people to get back into the habit of getting up and going out to work, rather than remaining isolated at home. He also said it would help people demonstrate their employability to prospective employers, after many employers said they look more favourably to people who had done some work recently than those who had been unemployed for a long time.

- It gives people more of a push to find something better employment wise – If people are forced to do jobs such as litter picking and gardening, then it may a) motivate them to up the job search to look for something better, or b) make them consider taking jobs which they may have previously felt were beneath them.

- Breaks the cycle of welfare dependency – With the current benefits system meaning that some claimants are no better off – and sometimes poorer – if they come off the dole to take jobs paying up to £15,000 a year, many have admitted they purposely didn’t take work offered to them. With the new system, those who refused to take work, take jobs that were offered to them or do voluntary work would have their handouts stopped, and so the cycle of welfare dependency at the taxpayer’s cost would come to an end.

- It will save money – 14% of Britain’s national income is currently spent on welfare. As the country struggles to pay back its £156 billion budget deficit, the benefits system is being seen as a significant area where costs can be reduced. Iain Duncan Smith, the Work and Pensions Secretary said, “The benefits system is a deeply ineffective and costly way of subsidising people’s lives. We obviously have a limited amount of money and our purpose is to improve the quality of life for the worst-off in society so they can play a part and hopefully pay tax one day themselves.’

What do you think? Let us know below!

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Making it on your own: Digital Whizzkids

November 5th, 2010

As the media was filled with the latest dismal graduate employment statistics at the beginning of the week (see our piece ‘The Graduate Unemployment Sector’ for more details) we thought it was about time to give you something to aspire to.

Or – perhaps we should say – some people to be inspired by.

Here are some clever souls who – with a little help from their computers – decided to take their career prospects into their own hands and make it on their own. And they happened to do it rather well.  Heck, if they can do it, maybe you could to? (It would be nice to see even more English names on the list next time…)

Mark Zuckerberg


If by now you still don’t know who Mark Zuckerberg is then please refer to the picture for a pretty big hint. That’s right, he is the creator of the biggest social media website in the world: Facebook.

Anyone who has read Ben Mezrich’s book ‘The Accidental Billionaires’ about Zuckerberg’s rise to social media fame, or seen the book’s film adaptation ‘The Social Network’ will know that Zuckerberg created the social networking site whilst he was still studying at Harvard.

Now the site apparently rakes in £20 a second and has an estimated net worth of £500 million. All this without even graduating – Zuckberg ended up dropping out of his degree when Facebook took off – so just imagine what you could do with that added degree qualification in tow…

Blake Ross

When Blake Ross, a Miami teenager, was just 17-years-old he helped to create a free web browser that at the time was called Bill Gates’s worst nightmare.  The internet browser was a little one you may have heard of called Mozilla Firefox.

Now aged 22, the net worth of the Mozilla company (which Ross had been interning with when he and his friend David Hyatt began working on their small Firefox side project) is estimated to be around £75 million. Not bad for someone who hadn’t even left school yet.

Catherine Cook

When Catherine was 15 years old she founded MyYearbook.com with her brother David Cook then 16.

The site – an online version of the traditional American yearbook – now has over 16 million members and is the third biggest social networking site in the States behind MySpace and Facebook. Through the site Cook became a millionaire at 18, though not without a lot of hard work – she says she often clocks up to 60 hours a week around school hours (she’s now studying at University). Still, it shows that a bit of overtime can really pay off sometimes.

Kulveer and Harjeet Taggar

Oxford university graduates Kulveer and Harjeet Tagger became millionaires after selling their booming internet company, Auctomatic, less than a year after its launch.

The cousins, who started their online auction management company whilst they were still undergraduates, had many toils before their triumph – with the pair almost running out of money before their big break. “We survived on ramen noodles for lunch and dinner,” said Harjeet to the Times. “We didn’t even buy any furniture for the apartment that we were working out of, just desks. We had foam mattresses on the floor. We would work until we needed to sleep and then get up and start all over again.”

But the students persisted with their project and were rewarded in 2008 when Canadian web firm Current Media bought the site for an impressive £2.5 million, making it a job very well done.

Adam Hildreth

Adam Hildreth from Leeds, West Yorkshire, was ambitious from a young age. He was only 14 when he started his first business, Dubit Limited with seven other friends.

The company, a website that consulted on marketing to the teenage market, grew to become the most visited teen website in the UK. Hildreth then went on six years later to launch his second business, Crisp Thinking, an anti-grooming software which develops online child protection technology. Over the years he has been featured in the Guinness Book of Records, won numerous young achiever awards, and now directs companies with an estimated net worth of £25 million.

Juliette Brindak

Starting young – really young – often seems to be the key. Juliette Brindak, now 20-years-old and studying at Washington University, was just 10 when she came up with her multi-million dollar making idea. It came from a few drawings doodled on a trip home, a bit of encouragement from her graphic designer mum, and some enthusiasm from her peers to get her site, MissOandFriends.com up, running and making profit.

The successful website, aimed towards ‘tween’ girls, offers the chance for young girls to play, create, learn, exchange ideas, compare experiences and get published in an environment away from every day peer pressure. The company has an estimated net worth of $15 million, and a recent survey said it was beating the likes of Barbie, Hello Kitty and Girl Scouts.

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The Graduate Unemployment Sector

November 1st, 2010

After weeks of economic cut doom and gloom (you can see our report on how the Chancellor’s cuts will affect graduates here) the most current graduate forecast isn’t (surprise, surprise) looking any brighter.  The Telegraph today reported that the number of graduates going from degree to dole has hit 8.9%, equalling a total of 21,020 unemployed graduates.

The report, based on official figures obtained by the Higher Education Careers Service (Hecsu), found graduate unemployment has now reached a 17-year high, up from 7.9% in 2008, and 5.5 % the year before.

It further revealed that IT and media degree holders were the worst hit in terms of finding work, with those entering construction and engineering also struggling, particularly within architecture and building.

And in what seems a final twist of the ‘recession knife’, the public sector was shown to be one of the few areas still recruiting through the economic crisis – a small ray of light expected to be considerably darkened when the recent spending reviews prediction of  490,000 public sector job cuts starts to kick in.

But even as the extent of the challenges today’s graduates face when it comes to employment is further heightened, it’s important to retain a strong head. The job market is tough for everyone right now, and rejection shouldn’t be taken personally. Instead, time needs to be used productively, and graduates need to ensure that rather than giving up, they put that extra energy into snapping up that ideal job as soon as it becomes available (things are expected to improve for graduate prospects in the new year).

Check out Friends Provident’s ten great tips listed below to help graduates secure and keep a job (you can read the full article here) and keep checking our blog this week for more Inspiring Intern advice to help our graduates stop being an unemployment statistic and instead get started on their careers.

Friends Provident’s top ten tips to help graduates secure and keep that all important job are:

  1. Career map – Map out all the possible ways that you could break into your chosen industry. There is always more than one way. For example if you can’t secure the role you want perhaps consider applying for an assistant / co-ordinator/ or PA role. Lots of companies promote internally and if you prove your ability you could eventually climb the career ladder and secure the role you want.
  2. Be proactive – send CVs out to companies, get on their database – don’t wait for roles to be advertised. If you are on their database there’s every chance they will consider you before advertising a role publicly.
  3. Networking – Use the people you know and the ones they know too. It’s amazing what you will find out / learn from people in all aspects of your life. Make good use of them- if you don’t ask, you don’t get! Remember digital delivers – Social media is not just for friends. Use your social network to look for work, and to share your experiences with other graduates.
  4. Internships (foot in door) – Not only do they help you clarify your chosen career path, they also give you an invaluable opportunity to continue networking, the chance to build your communication and teamwork skills and help build confidence in the workplace.
  5. Experience pays – Take every opportunity available to you, big or small. You learn from every experience, good or bad and never know what it could lead to. If you are struggling to get paid work consider working for free in the meantime in an area you want to get into. It is beneficial and will look good on your CV.
  6. Business seminars – Go to business seminars and events – this helps you keep up to date with what is going on in your field and also helps with building your network.
  7. Research – find out as much information about the business as possible before going for an interview so you have a better understanding of what the business is about and what it is looking to achieve. This will give you a better chance of responding well to questions.
  8. Positive Mental Attitude – always work with integrity and respect for your colleagues, people are more likely to give you chances if they trust that you will do the right thing even if it is as simple as admitting if you have made a mistake.
  9. An energetic approach – An energetic and enthused approach will help show how much you want a job. Say yes and be excited about the prospects of the job, even if it is not your dream role. Remember to have fun – you spend so much time at work, try to enjoy it – you will find if you are happy it rubs off on those around you and makes the office a more pleasant place for everyone.
  10. Speak up – Your fresh ideas will be extremely valued by prospective employers so don’t be afraid to suggest new ways of working – even if you are just on work experience.

What is your opinion on graduate employment prospects? Got any extra tips you want to add? Let us know now!

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The 40-Year-Old Intern

October 8th, 2010

The knock-on effect of recession means graduates aren’t just competing for entry-level jobs against experienced workers: they’re now competing against them for internships too.



If you’ve been living in a distant galactic bubble for the last couple of years then you still might not have heard the news – we are currently suffering from a severe global economic downturn.

Yet it seems that as well as all the obvious effects occurring; national cuts, increased unemployment rate, higher numbers of university applicants etc, there have also been a few less expected outcomes, like the increase of older people seeking internships.

A survey conducted last month by CareerBuilder.com discovered that the struggling job market has sparked a surge of older people in the US applying for internships as a way to re-enter the employment sector.

The website, which surveyed more than 2,500 hiring managers across America, found that 23 percent of employers are receiving applications from people who either have more than 10 years of experience, or are aged 50 years and older.

“This economic downturn has really redefined what an internship is” said Mike Erwin, senior career advisor for CareerBuilder. “(People) need to make sure that they’re filling in the gaps while being unemployed, so they’re going ahead and taking these internships whether they’re paid or unpaid so they can get more experience, and hopefully land a full-time job.”

Traditionally, internships have been seen as a way for young people to get work experience on their CV. However, as the recession continues to kick in, and more and more graduates struggle to get the jobs that so many other more qualified individuals are also applying for, internships have taken on a much more important role. They are becoming that vital stepping stone between university and permanent employment.

However, the new statistics could mean that such graduates have an even greater fight on their hands as they find themselves competing against experienced people not only for pre-entry jobs – but also for internships.

Furthermore, the websites findings showed that many companies were just as keen to hire the older applicants as the more common younger ones;

“They know they’ve lost a lot of intellectual capital when they’ve had to lay people off,” Erwin explained. “So you’re going to find they’re going to bring back mature and experienced workers for internships as well as entry-level and college students who are going to bring a whole new feel to the job.”

Although this internship redefinition has only been reported in the States as yet, it leads to wonder how long it will take until economic desperation leads to a similar fad this side of the water.

And what would happen then? Will graduates need to do work experience to be able to get an internship to be able to get a job? Where will it end? Let us know your thoughts now!

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At least you don’t do this for a living…

October 5th, 2010

It’s no secret that things in the employment sector are pretty tough right now. People are being forced to take large pay cuts, those made redundant are applying for positions far below their skill and experience level, and reports showed last week that graduates are struggling to get above a call centre position.
Yet, as new MSN article ‘10 jobs no man would ever want’ showed, it could still  be worse;  far, far worse in fact. We did our own investigating here at Inspiring Towers and put together our list of ten of the worst jobs in the world (and no, we certainly won’t be arranging internships within them!)

Portable Toilet Cleaner

Anyone who’s ever been to a festival knows the worst part is the unavoidable visit to the porta-loo – so how would you fancy the job of cleaning it?  After a long, hot weekend with hundreds of thousands of ravers binging on fast food and discoloured alcohol you can only imagine the end results – brings new meaning to, ‘same crap, different day’ doesn’t it?

Roadkill Remover

Not only do roadkill collectors get to scrape off and pick up the decaying remains of dead creatures from the road, they also get to do it whilst braving oncoming traffic. Lovely.

Saddam Hussein’s Body Double

So we appreciate that this job is a little bit redundant now, but for years the Iraqi dictator and his offspring hired decoy lookalikes as a defensive measure (there were even rumours within minutes of Hussein’s televised hanging that they had put the wrong man to death!) With few still alive to tell their stories, it certainly often came under the ‘job for life’ category…

Brazilian Mosquito Researcher

Scientists fighting malaria must study the biting habits of the mosquito that spreads it. However, the Anopheles darling mosquito found in Brazil is too smart for conventional traps – so the scientists have to offer themselves as bait to catch the crafty little suckers instead. Considering that mosquitoes are credited with killing half of all humans who have ever lived, these scientists are certainly “buzzing” (Gettit?) for their cause.

Alaskan Crab Fisher

You’re freezing cold, you’re soaking wet, you could get crushed under the two ton crab cage during a storm, or have a king crab chop off one of your fingers. Filing in the office doesn’t sound nearly so awful any more eh?

Personal Assistant to Naomi Campbell

She throws phones, attacks airline staff and has been in and out of court for years over assault charges put forward by former employees. You might need a thick skull to stick out this job…

Guard at Buckingham Palace


Regarded as one of the worst jobs in the British army (quite extreme when you consider another takes place on the frontlines…) the Guards have to stand completely still, for hours, looking their best. Oh, and of course, they also have to keep straight faced and ignore the consistent antics of the British public and tourist alike as they try and break the monotonous stance (as if you’ve never tried…)

A Colonic Irrigation Administrator

So you hardly need a Sat Nav to figure out where the end of that tube goes, and will hardly be surprised by what comes out. Hailed as a miraculous alternative medicinal therapy, the procedure helps to remove faeces and toxins lodged in your colon and intestinal tract from times past (or even a marble as one guy found that he’d swallowed 25 years previously…!) Interesting stuff, but the fact is it involves a lot of poo, which is why none of us fancy the job…

Flatus Odour Judge

In the research labs of mouthwash companies someone has to test product efficiency, and unfortunately that means enlisting the help of some halitosis sufferers to blow in said ‘someone’s’ face. Nice. But if you think that’s bad, Minneapolis gastroenterologist Michael Levitt paid two plucky people to indulge repeatedly in the odour of other people’s farts and rate how noxious the smell was. We can only imagine how that reads on their CVs…

Sick Collector at Thorpe Park (or any theme park for that matter…)

After 619 ‘sick shutdowns’ last year at Thorpe Park, and an estimated 150 litres of sick kindly left by customers the year before, Thorpe Park were forced to employ 22-year-old Rhys Owens solely as the park’s vomit collector. It certainly wouldn’t be our first choice of employment, though Owens, apparently, is quite happy with his lot in life. Talking to the BBC, he said, “I’m a massive fan of rollercoasters, so I’ve pretty much been on it every single day. If all I have to do is clean up maybe one or two bits of sick throughout the day I’m not really fussed. It’s a dream for me.” Yes, it really is quite the dream…

What do you think? Got some more rubbish job you’d like to add to the list? Did an even worse job yourself?! Let us know in the comments below so we can all sympathise / laugh!

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Paying for the privilege to work for free

September 30th, 2010

While the concept of today’s graduates doing internships is a much-debated issue, a more worrying trend established in the US appears to be gaining headway this side of the pond: interns (or their parents) who pay large sums of money to secure unpaid work placements.

Around 10% of Washington D.C.’s 30,000 interns are thought to have been placed by dedicated internship recruiters who charge upwards of $5,000 per candidate. Similar patterns are occurring across the States, with companies such as Dream Careers in California placing privileged hopefuls in unpaid summer internships for $5-10,000. With Dream Careers having operated for ten years, paying for a job in the US is clearly nothing new.

However, BBC News’ Sean Coughlan recently looked at what he reported as a growing trend in this country, citing increasing numbers of graduates paying recruitment companies anything from £250 up to £1,000 in order to land themselves unpaid positions. Lamenting the ability for the wealthy to effectively purchase the careers of their choice as a “perpetuat[ion] of the long standing lack of social mobility in the UK”, Coughlan’s article highlights some of the more controversial facets of this approach to internships.

Charities are also leaving themselves open to criticism by using sought-after internships as a fundraising tool. Earlier this year a charity auction was held at the Oxford University Red Dress Couture Ball, where internships were sold for four figure sums. Clearly if candidates are spending vast amounts of money to do prestigious placements it is better that this cash goes to a good cause, but the issue of pricing out the majority of graduates still remains.

So we want to know your thoughts:

  • In an increasingly competitive job market, can it be right for parents to pay employers for their children to be taken on for free?
  • What about if the graduate is paying for themselves using savings or increasing their debt?
  • Are employers right to accept such payment for taking on an intern?
  • Is it acceptable to auction internships to raise money for charities?

Inspiring Interns is the UK’s leading internship consultancy. We provide meaningful three month internships, mentoring and graduate job opportunities in London and throughout the UK. The majority of our roles lead to paid, full-time employment. For the latest vacancies visit our website: http://www.inspiringinterns.com

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Letter to The Times

September 23rd, 2010

Yesterday (22 Sept), The Times published a letter from a number of groups arguing that all unpaid internships are exploitative. Today they kindly published Inspiring Interns’ response, the content of which can be read below:

Sir, While the work Alex Try, Rosy Rickett et al are doing to protect young workers is to be commended, their understanding of internships is a very narrow one (“Business must pay interns to work”, letter, Sept 22). As in all walks of life, there are a number of unscrupulous companies willing to take advantage of an imperfect system. However there are equally hundreds (if not thousands) of businesses, often exciting young SMEs, creating opportunities through internships where graduates can gain valuable experience, discover more about a particular career, and frequently earn themselves a full-time job.

The employment market is flooded with perfectly able young people who lack the requisite experience to land their first job in highly competitive circumstances. Internships ensure that there continues to be a flow of opportunities for graduates. It is appropriate for employers to cover out-of-pocket expenses for interns, but if companies were forced to pay minimum wage the small tasks that interns do (which are normally of genuine didactic value) would be redistributed among existing staff and any recruitment of university leavers would be closed.

I accept that more needs to be done to ensure internships are open to people from all backgrounds, and urge the Government to look at the recommendations made in the Milburn report Fair Access to the Professions. The suggestion, however, that all unpaid internships are exploitative and immoral is short-sighted and damaging.

ANDREW SCHERER

Marketing Manager

Inspiring Interns

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My Internship: Vikram Sidhu

September 15th, 2010

Vikram Sidhu has been interning as a finance assistant for the last 3 months

Vikram Sidhu has been interning as a finance assistant for the last 3 months

What was your job role?

I was a finance assistant.

What made you take the job?

It sounded interesting and I thought it would be a good introduction into the world of accounts. It was the area I was considering a career in and obviously it was a better way of getting experience rather than just reading about it.  I also thought that three months experience would give me a good idea about whether or not I wanted to pursue a future in that career.

And do you want to pursue a future in that career now?

Yes, I’m definitely interested in that line of work, it’s different, it’s interesting, it’s unique, you’re on the phone quite a lot, and you’re dealing with a lot of people. It’s nice to be part of a team, as well as getting the chance to work by yourself.

Had you applied for jobs before you took the internship route – or did you apply for an internship straight away?
I did apply for a few – I used reed.co.uk and received their daily email alerts for account assistants and loads of different general sorts of finance roles. But they all wanted x amount of months of experience with whatever packaging, and at that time I didn’t understand what half the words or programmes were.

And do you understand them now?
Mostly, yes. Obviously I am not so familiar with the packages that we don’t use ourselves, but I do now know what they are.

So would you say that this internship has given you a lot of confidence in finance?
Definitely.

What degree did you do?
Maths and finance

Did that not prepare you for a career in finance?
No, because what I did in the degree was more the practical side of mathematics, with a bit of finance. There wasn’t any accounting involved, it was just more about theory and numbers, analysis and that sort of thing. It was quite varied and pretty fun – the financial side anyway! But obviously there wasn’t anything that was going to prepare me for accounts payable – it just wasn’t part of my degree. Maybe if I had done an accounting degree it could have, but we will never know – unless I go and do another degree in accounting. Which would suck!

Did you think you would have to take an extra course in accountancy when you graduated – or did you think that an internship would be a better route?

I preferred to do an internship. I could have just done a course after graduation, but I think that has the same problem as a degree course, a lack of practical experience.

So now having almost completed your internship, do you think you have enough experience to get a full-time paid position?

I hope so. I definitely feel like I have a lot more experience now than before.  When I used to ring up agencies saying I was a graduate they would instantly ask have I got x amount of experience, to which I’d always have to reply no. Now, I get a much different response, which is great. Instead of straight out rejection, I now often get told that there are a few relevant jobs I can go for. I’ve had a few interviews already; in fact, I just came back from one today. So it’s definitely a lot more positive response than before.

So how did you feel the interview went today?

I’ll let you know if I get the job or not!

Did you feel you had more confidence talking about complex finance scenarios now that you’ve had experience dealing with them?

Yes, definitely. It makes a big difference. Beforehand, during previous interviews I had for some graduate finance schemes, they’d ask me to give an example of when I’d had to use / cope with a particular financial situation, and I had to relate it back to when I worked in a shop a few years back. Whereas today, I could say, ‘just this morning I was dealing with invoices chasing x amount of money’ and explain how exactly I dealt with that, how I ensured a good customer relationship was maintained etc. It just comes across as so much more relevant and is obviously a much better answer.

Have you ever regretted deciding to take an internship?

No, definitely not. I guess the only thing that was hard was the money – I had saved up beforehand which made it ok and was able to stay with my parents which certainly made it easier, though I can understand why people find it tough. I do think there needs to be some kind of governmental loan scheme to help those struggling.

Did you get all your expenses refunded ok?

Oh yes, I always got my travel refunded without any problems, and lunch was provided by the company, so I wasn’t spending anything as such as far as the internship went. It just meant I had to budget myself for everything else. I’d saved up about £400 beforehand, and I am just about coming to the end of that now. Though that’s not too bad considering it’s been three months!

So for anyone thinking of undertaking an internship – what advice would you give them?

I would definitely encourage anyone considering an internship to save some money first! I would also recommend from my own experience to go through a reputable company to ensure everything is above board. You hear a lot of negativity about internships in the papers nowadays, and about how they can exploit, so it is really important to make sure that your internship is valuable and genuine, and a good recruitment company can help with that. I know people who have gone on self-organised internships and then left after three days because they weren’t learning anything new and were instead left to teach other staff! The fact is it should be the other way round, the company should be teaching you and appreciate that in return, you are giving your time and hard-work to support and help build-up their company. I got my internship through Inspiring Interns and they were great, especially in maintaining constant contact and support throughout to make sure everything was going well. That’s the main thing with internships. As long as you are learning something relevant that you can put on your CV then you should stick with it. If not, then you should leave, just walk out. Internships shouldn’t be contracted and they should be on your terms. You should be able to leave if you are not getting what you want out of it, and reap the benefits if you are.

What kind of person would you recommend an internship to?

A graduate who has just come out of university, or even one who has been out a while but is still struggling to find employment.  I would also really recommend them to students still at university. One of my biggest regrets is not doing more work experience during my time at university – an internship over the summer holidays would have been perfect if I’d known about them before.  It’s easy to see how a Catch-22 scenario can occur. For example, I graduated last year, and applied for loads of grad schemes. But they all wanted graduates with experience, but you can’t get a job without experience…hence Catch-22!  It’s definitely best to make that preparation as early as possible to help make it easier later on to get a job.

So you would recommend internships to other people?

Definitely. As long as they are regulated and you go with a reputable company, I think internships are a great chance to work in an office environment and make that transition from a university environment into a proper, full-time job.

Is there anything else you’d like to add about your internship experience?

It’s so nice to have something useful and relevant on my CV that makes me stand out from all the other graduates – well worth the extra time I invested. I am now regularly getting responses to my job applications, and am able to talk confidently about my area of expertise. I am really pleased I decided to do an internship and certainly have no regrets, and let’s face it – doing an internship is so much better than just sitting at home waiting for something to come along!

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The proposed training wage – the way forward for interns?

July 14th, 2010

throw-money-765885There have been whispers in the media about the introduction of a training wage for all interns, proposed by the CIPD (The Chartered Institute of Personnel and Development). The £2.50-per-hour minimum wage would align interns with apprentices who will be entitled to this sum come October, with other increases to the national minimum wage happening at the same time. It seems like a interesting proposal – all interns will legally be entitled to a nice pay packet in their pockets, no longer walking home empty handed with only vague dreams of earning money. Like me, you may already be envisaging rolling around (somewhat uncomfortably) in a pile of crisp £50 notes, casually throwing wads of cash around the room. Sadly, however, this may be a slightly overenthusiastic reaction to the new proposal.

In reality, a growing number of internships are based in Central London, which on the surface sounds rather glamorous for the humble student or graduate, but in actual fact amounts to a laborious and costly journey, as well as an overpriced sandwich for lunch and a meagre window-browse of the shops after work. I asked a friend of mine who has recently graduated from the University of Manchester about her internship and the amount she has to pay to get to work every day. It turns out it costs Rebecca over £100 per week travel-wise, which includes catching a National Rail train, followed by two changes on the Tube. And then there’s her lunch on top of that. Fortunately for Rebecca, her travel and lunch expenses are subsidised by the company at which she is interning, so there is never a risk of her losing money. The training wage, however, would fail to cover her costs, causing her to be significantly out of pocket. Of course this does not happen with everyone; for many the proposed wage would give interns a modest amount of spending money, and according to Jenny Lee, a recent graduate doing an internship in London, “it feels better to actually be earning something, rather than striking even without a faint whiff of cash coming my way”.

Is it worth it though? Should interns be legally entitled to a training wage, or do you think travel and lunch expenses suffice? We want to hear your thoughts and comments, let the debate rage on!

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