More Helpful Than a Business Degree: A Summer Internship
Having a business degree doesn’t seem to help much when landing a job, but a relevant internship does. That’s according to a new study led by researchers at the University of Wisconsin, La Crosse, and published in January in the journal Labor Economics. The researchers sent about 9,400 fictitious resumes to business-related positions in finance, insurance, management, marketing and sales. The “applicants” had graduated four years before applying for the job and each had a randomly selected major, including accounting, biology, English, economics and finance. A quarter of the fictitious applicants held three-month summer internships five years earlier in relevant positions, such as working as a financial analyst or on a marketing team. The research team found no evidence that finance, marketing or management degrees improved job prospects for any of the applicants. However, working in relevant internships—as far back as five years earlier—boosted employment prospects significantly, incr
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