Kids These Days: Human Capital and the Making of Millennials Highlight

there’s not much evidence that unpaid internships lead to favorable job outcomes. A 2013 survey by the National Association of Colleges and Employers (NACE)—an organization that exists in part to promote internships—found that graduates who had completed an unpaid internship were less than 2 percent more likely to get a job offer than the control group (37 and 35.2 percent, respectively), and their median starting salary was actually lower ($35,721 versus $37,087).