Internships–what next

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Internships–what next

  1. 1. Internships – what next?Stephen IsherwoodHead of Graduate Recruitment, UK & Ireland
  2. 2. Agenda ► Some context ► What we look for ► Development of internships ► My crystal ballPage 2
  3. 3. Context - Graduate marketGraduate numbers► 335,000 students graduated in 2009► 260,000 graduated in 1999► 175,000 in 1994Graduate vacancies (top 100 graduate employers)► 19,900 vacancies in 2008► 14,300 in 2009► Over 18,000 in 2010EY Opportunities► 800 graduate places across UK & Ireland► 360 internship places
  4. 4. How we go to marketAttraction► 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. 5. Context – Ernst & YoungRecruitment challenge► c18,000 applications per year► c2,500 interviews► c900 at assessment centres► 22,000 hours of business time
  6. 6. And we still had vacancies unfilled
  7. 7. The ideal candidateWhat we look for ► Practical intelligence ► Problem solving ability ► An ability to work with and through people ► Ambition ► DriveWhat 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. 8. Why internships?The attraction challenge► Marketing on campus is hard to target effectively► Brand competition on campus fierce► Does not differentiate quality candidatesEffective converters► Attract earlier in the cycle► Retention and conversion rates strong if done properly► Brand built by ford of mouth
  9. 9. How internships are developingThorough selection processMultiple options ► Summer internship ► Industrial placements ► 2-day insight ► 3-day leadership academy ► International internshipFocus on employability skills ► Integration in the organisation ► Real work ► Building networksJob offer
  10. 10. My crystal ball•Market forces will driveemployability issues withstudents•An internships arms race?•Greater demand forinternships•More places but harder toget them•Growth of schoolsprogrammes•Helicopter parents
  11. 11. Questions?

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