Interns hard to get and im glad - The Interns: hard to get

Company spokesman Michael DuValley told CBS MoneyWatch the new policy, which began earlier this month, was put in place to improve "the overall work experience" of the Goldman Sachs interns, who can earn more than $5,200 per month.

"You can't leave university now without some work experience," says Ollie Sidwell, founder of , who recently had one desperate father call him offering to pay for his daughter to do a placement with the site.

Typically, an internship consists of an exchange of services for experience between the intern and the organization. Internships are used to determine if the intern still has an interest in that field after the real life experience. In addition, an internship can be used to create a professional network that can assist with letters of recommendation and or lead to future employment opportunities. The benefit of bringing an intern into full-time employment is that they are already familiar with the company, their position, and they typically need little to no training. Internships provide current college students the ability to participate in a field of their choice to receive hands on learning about a particular future career, preparing them for full-time work following graduation. [3] [4]

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