Internships give college students the opportunity to explore career options, create social capital, gain real-world experience, and, possibly, that first job. For employers, internships are a way to support their talent pipelines and hiring strategies.
Landing one of these coveted opportunities has become more competitive, according to a new report from Handshake, a platform that describes itself as an “early career network.”
The Handshake Internships Index surveys over 6,000 students and recent college graduates and identifies trends to watch this year:
- Internship postings on Handshake dropped over 15% between January 2023 and January 2025. But as of January of this year, internship applications for the Class of 2025 rose to 41% – compared to 34% of the Class of 2023 students nearing the end of their undergraduate careers.
- The report finds “Internships in technology and professional services receive about twice as many applications compared to the overall average, and internship postings in both industries have dipped by more than 30% since 2022.”
- Typically, September and January are strong months for intern recruitment on Handshake, but some employers are conducting their searches all year. These include smaller employers and some larger employers in specific industries including government and transportation.
- Students (82%) are likely to accept a full-time internship if they feel they are being fairly compensated while fewer (63%) are open to an offer even if they don’t consider the pay to be fair.
- Students rely on internships to help determine long-term career goals.
- Students (79%) who completed an internship note the experience had a moderate or significant impact on their level of interest in working for their internship employer – with most willing or likely willing to accept a full-time job offer.
Additionally, about 12% of undergraduate students have not had an internship and do not expect to do so before graduation. Most of these students indicate they’re primarily limited either by time (33%) or by opportunity (33%) – meaning they’ve applied for internships but were not selected. A smaller share (14%) say they are unable to pursue an internship because of financial constraints.
“Every internship has the potential to be transformative. The more opportunities we can provide for students at this early stage of their careers, the stronger our future workforce will be,” states the report.
Read the full report – Handshake Internships Index – here.