Lindsay Ellis

speaker

770 appearances 18 recordings 1 series first heard Mar 2022 last heard Jan 2025

Lindsay Ellis’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Summer Intern Candidates Facing Bidding Wars · 4 Mar 2022 podcast

I think the other reason is companies look at their summer internship programs and they're not just thinking about that summer. matched

They're thinking, who can we identify among this cohort of interns that a year from now we're going to want to bring back or we want to hire full-time after the program? matched

And so this is sort of a key pool for companies to look at their entry-level workforce matched

And so there is more demand in hiring the right people when you know this could be my pipeline six months from now, a year from now. matched

It can vary from campus to campus, but yes. matched

Cornell's business school, if you're an MBA student and you accept an offer for the summer and then you go out and interview and accept a different one and back out of that first one, they say that they reserve the right to fine you up to $2,500. matched

Wow. matched

It is, yes. matched

And for those two, those were specifically for business school students, so perhaps a little later in their career. matched

But these are people that don't necessarily have income coming in every month and yet still might be on the hook. matched

There are other penalties that are also significant. matched

At the University of California, Berkeley's business school, matched

One of the possible sanctions is a 16 hour service project. matched

So that can be a significant amount of money, certainly, and time if you're caught kind of backing out from this. matched

Colleges say that there is. matched

I mean, they are quick to remind students that it's a small world and a small job market in a lot of ways. matched

Recruiters move from company to company. matched

Someone who you interact with when you're 22, you might encounter in a totally different field, you know, a few years down the line. matched

They also sort of put in place their own regulations that could hamper a student's trajectory as they continue through their education. matched

Some schools at the undergraduate level will restrict the use of a platform called Handshake where a lot of jobs are listed for students who are caught backing out. matched

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