Pay to get internships

[alain]

It looks like you can pay to get an internship

http://www.nytimes.com/2009/08/09/business/09intern.html?em

 

[doug reich]

Supply and demand.

I think this was in the WSJ a few months back as well.

 

[Roger Trimble]

It makes me wonder if:
1. initial search = empty set -> panic -> fork out money for what ever you can get in desired industry.

and / or
2. glut in select industries = scarcity in others ( perhaps just as rewarding ).

I think the Department of Sanitation is looking for a few good hands.

 

[Uncle Max]

It's much easier to get entry level quant job than find employment with sanitation department The starting salary of a sanitation worker is a little more than what a beginning police officer makes. After 5 and half years of service, sanitation salaries can reach $60K+. Add on a top of that excellent benefits, no college degree requirement etc and you will see why people spend years on a waiting list to be employed by Department of Sanitation.

 

[Roger Trimble]

It's much easier to get entry level quant job than find employment with sanitation department The starting salary of a sanitation worker is a little more than what a beginning police officer makes. After 5 and half years of service, sanitation salaries can reach $60K+. Add on a top of that excellent benefits, no college degree requirement etc and you will see why people spend years on a waiting list to be employed by Department of Sanitation.

I stand corrected. If not trash, one could always try to be a longshoreman.... But away from the topic of jobs that are handed down through the generations, I have a hard time believing that we're coming to a point where people have to buy an unpaid internship in general ( excluding those who do it as college credit ). I know I'm inviting a comment about the U.S. being destined for hell.

 

[Eugene Krel]

U.S. is destined for hell.

You asked for it.

 

[Andy Nguyen]

Heard that preference is given to veterans who came back from combat tour.
Just to show you how well known among NYC residents that Dept of Sanitation job is tough to get, just look at these top two most popular threads
New York City Forum - Relocation, Moving, Local City Discussions - City-Data Forum

 

[Roger Trimble]

U.S. is destined for hell.

You asked for it.

Unexpected, but there it is.

 

[Andy Nguyen]

It makes me wonder if:
1. initial search = empty set -> panic -> fork out money for what ever you can get in desired industry.

and / or
2. glut in select industries = scarcity in others ( perhaps just as rewarding ).

3. Go to China
Shut Out at Home, Americans Seek Opportunity in China - NYTimes.com

Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home.

Even those with limited or no knowledge of Chinese are heeding the call. They are lured by China's surging economy, the lower cost of living and a chance to bypass some of the dues-paying that is common to first jobs in the United States.

 

[rem]

Just thinking, wouldn't these internship-placing companies make it harder to get an internship for "regular" applicants... causing more "regular" applicants to start using their service; that's pretty good business right there!
But then at one point the placing company will be able to fill only a limited number of spaces, and now it could actually end up in competition to get into the placing company. But this is probably a bit too extreme.

 

[Andy Nguyen]

I can see some scenario when an MFE program works exclusively with one of these agencies, increase their tuition to cover the extra fee and then boasts that they have guaranteed internship for every admitted MFE students.
An extra $10K on top of the 80K tuition isn't a big deal to these students to get an internship. What do you think?

 

[Stephen Jin]

3. Go to China
Shut Out at Home, Americans Seek Opportunity in China - NYTimes.com

For those come to Beijing or Shanghai who expect to have lower living cost will most likely be surprised by what they find.