global champions – General Electric, Goldman Sachs, KPMG,
JP Morgan, and Boston Consulting Group – had the world’s
best summer internship programs of 2011. The selection was announced
by J-InterSect, a global performance improvement company, as part
of a multi-million dollar study that sets a new standard of excellence.
A J-InterSect spokesperson stated:
at the best summer internship programs become highly sought
after employees, and they provide the companies with a valuable
source of profitable growth. The study surprisingly discovered
that internship programs at these champions are a powerful source
of high value-add job creation.”
Criteria - The 2011 best summer internships were selected
based on having extraordinarily high value-add training programs,
strong brand building successes, extensive benchmarking and
best practice processes, and outstanding key performance indicator
(KPI) management. Selection criteria were also in part based
on how these programs excelled in teaching their interns what
can be described as the “eight Ps”: persistence,
problem-solving, positive-attitude, perseverance, productivity,
people skills & networking, planning, and prioritization.
Metrics - The study utilized ten KPIs during the selection
process. As an example, the best internships provide 40 hours
of high value-add formal intern training, compared to the woeful
lack of formal training offered by the average internship program.
Eighty-four percent of new hires at the best companies were
previously interns, compared to 20% at the average for-profit
intern programs, and 10% at the average nonprofit internships.
From 2003 to 2008, the number of interns per program increased
40% at the best global for-profit internships, compared to 10%
at the average for-profit intern programs, and 8.4% at the average
Standard of Excellence for Study - The selection process
used by J-InterSect sets a new standard of excellence for studies
of its kind by using primary research including – importantly
– in person interviews and statistical analysis to verify
rigorously the validity of the questionnaire responses. Total
interview hours exceed 200 hours. Over 75 highly regarded internship
programs were initially evaluated, and approximately 25 internship
programs managers were interviewed. The J-InterSect spokesperson
study sets a new standard of excellence in its quality of research
and analysis of summer internship programs and is vastly superior
to the current best-in-class.”
15 month study included over ten J-InterSect professionals,
and contributions from over 100 sector professionals within
J-InterSect’s Global Network. The work included: extensive
field research and interviews with leading sector professionals,
a confidential 34 question survey, and critical analysis of
historical data and extant sector research. Research included
analysis of over 500 documents from a wide-range of sources,
spanning the past ten years.
J-InterSect study differs greatly from and is vastly superior
to the current best-in-class in ranking summer internship programs.
Each of the three most recognized rankings -- The Vault, Businessweek,
and Intern Alert -- relies on superficial surveys of a broad
number of internship programs. They are devoid of critical research
and analysis. And, they make no pretense of the absence of value-added
input from the sector’s most highly regarded leaders.
detailed highlights on the J-InterSect study, see: www.jintersect.com/jobcreation
For additional information contact: Mark Ogan at firstname.lastname@example.org.
+1.202.449.9600. J-InterSect, 1629 K Street, Suite 300, Washington,
(JIS) is a global performance improvement company at the nexus
of the commercial and social sectors. JIS is headquartered in
Washington, D.C. with offices worldwide. JIS products and services
create high value-add, high return on resources, and high impact