Employers Report Record Intern-Conversion RateApril 30, 2012 — Eric Anderson
Not only are employers expecting to increase internship hires by 8.5 percent over last year, but they’re also reporting record-breaking conversion rates, according to results of NACE’s 2012 Internship & Co-op Survey.
Survey respondents converted 58.6 percent of their Class of 2011 interns into full-time hires, an all-time high since NACE began reporting conversion rates in the early 2000s. The previous record of 57.7 percent was reported by NACE in its 2011 Internship & Co-op Survey.
The drivers of the record conversion rate were lower offer rates coupled with a stable acceptance rate. Employers extended offers to 61.2 percent of their Class of 2011 interns, compared to 66.7 percent of their Class of 2010 interns, but both classes accepted at the same rate—86.5 percent.