Those who want to take up an internship program are usually confused as to the different categories of internships. There are a number of kinds and categories, but they can all be clubbed into the following dimensions according to the Australian PGP.
- Time Internships
Internships usually last for an academic year, or they last over spring, winter or summer breaks. Some last for a full semester. Summer internships are the most popular among students because they have less school work to be completed and they are more free.
Based on the time of year the internships are conducted they are known as quarterly internships, summer internships, semester internships, fall internships, or even holiday internships. During the holidays the students can work for longer durations. There is some know as annual internships offered for a full year.
- Industry Internships
Based on the industry which the program supports, the internships are also classified. The most common internships, however, are associated with Marketing, advertising, performing arts, fine arts, Finance, technology, legal, Public Relations as well as publishing.
- Paid versus an unpaid internship
In case of unpaid internships, there are a number of rules and regulations when it comes to the type of work which can be assigned as well as the amount of work which can be assigned – due to legal ramifications. In unpaid internships, the beneficiary of this unpaid internship has to be the intern, and the work which is done by the intern cannot be replaced with the work which is done by an employee.
Paid internships are when the interns do receive compensation in terms of a stipend or wages.
Most students prefer a paid internship. However, if the company cannot pay, they do try to compensate by offering the students opportunities for networking, free food, letters of recommendation, etc.
Credit versus no credit Internships
Internships are based on whether the interns will receive credit or not from the university or college. Internship programs, when taken as extracurricular activities, do not usually lead to the student getting credit for it at the University. In order to get college credit, the internship should be related to their academic studies. The interns also need to write an essay or keep a journal or create a presentation on a demonstration of what they have learnt during the internship program so that they are able to give credit.
On location vs. virtual
There are different kinds of internship in today’s world – not necessary all of them have to be on location. Organizations post internship programs online so that they can attract talent from the entire nation and this is known as a virtual internship. In this, the work is done remotely by the students. They can either work from home or from the college campus rather than coming to the office. These are attractive to those students who want flexibility, and it works for companies which employ persons working from various locations.
These are the various kinds of clubbing of internship programs.