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Participant Benefits

Internships and Co-ops offer tremendous opportunities for students, employers, and educators alike.

  •  Students gain valuable hands on experience and put theory into practice.
  •  Employers receive well-trained, cost-effective employees.
  •  Educators gain integral relations with business and industry, as well as enhanced classroom experiences for all students.

Student Benefits

  • Co-op programs enable students to apply classroom theory to actual work situations.

  • Co-op progrmas allow students to test out their interests and develop their long-gange career plans, and to selest elective course work which integrates their studies and career goals.

  • Co-op progrmas enhance the graduate's marketability by providing on-the-job training.

  • Students enrolled in co-op programs show increased academic performance (higher G.P.A., fewer failed courses), and a 20% greater graduation rate.

  • Co-op programs provede students with a source of financial aid to help defray their educational expenses.

  • Co-op programs develop students' overall maturity by strengthening resourcefulness, problem-solving skills, self-confidence, self-discipline and sense of responsibility.

  • Students develop human relations skills through interaction in career settings.

Employer Benefits

  • The cost of recruiting co-op students averages sixteen times less than recruiting recent college graduates.

  • Almost 50 percent of co-op students accept permanent positions with their co-op employers. The retention of college graduates after 5 years of employment is 30% greater for co-op graduates.

  • Typically, co-op students receive lower salaries and fewer fringe benefits than permanent employees. Total wages average 40% less for co-op students. In addition, employers are not required to pay unemployment compensation taxes on wages of co-op students if they are enrolled in a qualified program.

  • The percentage of minority group members hired is twice as high among co-op students as among recent college graduates, thus assisting co-op employers in meeting EEO objectives.

  • Co-op programs provide an opportunity to evaluate employees prior to a decision regarding full-time employment.

  • The co-op graduate's work performance is superior to that of a college graduate without co-op. Students are more flexible and easily adapt to a professional environment.

  • Regular staff members are freed up from more basic aspects of their jobs to focus on more demanding and profitable assignments.

  • Co-op programs supply students who have new ideas and fresh approaches. Co-op students ping state-of-the-art technical knowledge to their work assignments.

  • Co-op graduates are promoted sooner (and further) than other graduates.

  • Co-op programs build positive relationships between businesses and schools.

Educational Institution Benefits

  • Cooperative work experience provides for an extension of classroom experience, thus integrating theory and practice.

  • Cooperative education keeps faculty members better informed and aware of current trends in business and industry.

  • Co-op programs build positive relationships between schools and businesses and provide faculty members with access to other knowledgeable people working in a variety of fields.

  • Co-op programs enhance the institution's reputation and attract students interested in the co-op plan to the school.

  • Cooperative education provides schools with additional business and industry training facilities that would otherwise be difficult to finance.

  • Cooperative education provides schools with lower placement costs for graduates

Michigan Council for Internships and Cooperative Education
http://www.michigancouncil.com/
MC-ICE Tax ID: 38-2809003
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Content Last Modified: 1/17/2007
Design Last Modified: 11/27/2007

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