Using Labor Market Research to Land the Perfect Internship

Students freshly graduated are often at a loss as to where they can apply for internships, how to go about it, and what are the chances of landing a permanent job once the internship begins? The use of labor market research is one way to help students find their career paths with the right internship. Here is how you can use it to your advantage to land the best option:

Look out for the Right Month to Apply

With data collected from labor market research tools, it was noticed that the applications coming through to various companies augmented in the month of March. This is, indeed, an indicator as to when students must start applying for internships in their preferred industrial or corporate sector. And while you may want to procrastinate and laze about in your spring break, this would definitely be the right time to research about which internship would be the right one for you and give you the idea of whether you fulfil the criteria required.

List down Options Related to your Major

You may have had a hard time choosing your major based on your interests, but the next part is even harder. Figuring out the right career option. And having seen the kind of competition you will be facing, it is needless to say that talent and skills are much a necessity as your major while landing the right job. So, before you start blindly applying for internships, check out all of the job options that you can try with your choice of major and list down these options before you sit to judge the pros and cons of each. You can also check job trends to figure out which industries are quickly on the rise to find if you are eligible to intern for the same.

Check the Top Industries Offering Internships

Now that you have you listed down all your options, check for the top industries in the market. By landing an internship in the best industry, you can ensure a place in the industry by taking one step after another to get to the position you wish to reach. With the help of labor market analysis tools, you can figure out which industries are more likely to give students the chance to intern with them in order to learn and get the experience needed to further in their careers.

Apply in Industries that Promise Retention

Before you say yes to an internship offer, make sure you are aware about the chances of your retention within that company as a permanent employee. While most companies feel hiring an intern already working with them will reduce the effort needed to train another employee being hired, many companies work on hiring interns instead of a full-time employee as a cost-effective measure and as a way to train more students who wish to intern. This severely lessens the chance of retention in most cases. By asking your acquaintances within companies that hold your interest, you can find out your chances of retention and apply based on the conclusion.

By using the data retrieved from labor market analysis right, you can land the perfect internship without having to go through the wrong ones before.