In reply to L'Eeyore:
As far as I understand it, internships are a way of getting your foot in the door of often a prestigious company where a candidate ( who may have an internship recruiter as a kind of middle -man- I know this because I had an ex-gf that did this and both for her own company throughout Europe - language and internship- one of her skills was in matching people to jobs, at a fee of course) may have possible skills, aptitude and aspirations but no experience in that field or said company obviously.It was often school-leavers or say graduates from my guess is well-to do backgrounds possibly on a kind of gap-year. It allowed the companies to employ those people/interns on a trial period say 3 to six months initially without having to pay them anything or on minimal pay.In return the intern say had their lodgings covered and just enough to live on- and of course got the work experience in a/their "dream" or aspirational/desirable/trendy/successful -going-places company..After six months ( or couple months) they could gain full employment though it's not guaranteed.They might not want you.Like a chance to prove your worth.I know that an ex that did this- the young person paid say something like £2500 GBP( or double that, say up to 4G ) to her( say she had 12-20 successful placements/apps in a successful season- that is a pure guess BTW) and she matched them with say a trendy "desirable" company like Amazon (or Google) in Europe( say the candidate is German and the co. is based in Spain)- in return they got language lessons, rent paid and basic living expenses but no guarantee at the end of it.But there was still a pretty good chance of being hired if they want you.
Apprenticeships suggests a more long-term investment and willingness of committment in terms of energy,time and more importantly money in that individual both by the employer and employee/trainee....like any skilled craft ..over years and years.
To me internships seem to me for people with the benefit of a bit of lolly who are not quite sure of where they wish to end up long-term but just want to get stuck into the jobmarket with something high-end.They want to work for a trendy company but the internship fee is a way of getting in through the back-door through a trial or probationary period where the employer has you without having to pay much or anything or invest.It sounds almost like it is who you know because recruitment is not just done through external advertisement.In that respect some kind of middle person or conduit might be involved.
Seems like a way of them checking you out for competency and suitability with no or minimal investment.And it's way of getting your foot in the door with zero experience.And if it all does'nt pay off for both sides of the equation,no one has lost.
"If you£re hoping to get a place on a graduate scheme with a big employer, getting an internship is one of the best ways to improve your chances."
"How to find an internship
Internships are a particularly well established route to graduate recruitment in investment banking, management consulting, accountancy, finance and IT. You may find it difficult to get into these professions without an internship or similar extensive work experience under your belt. Internships are also available in a range of other career areas, such as marketing and property."
This is from this-
https://targetjobs.co.uk/internships/381108-internships-with-big-graduate-r...
Like if you wished to work specifically for Google say you could have better chances if they offered an internship and then applied for that than just apply for a paid position and then get knocked back because the competition is fierce say or more importantly you don't have any experience.But if they see in your CV you have worked for them before even if it's a mere few weeks or months it's just enough your foot is in the door already.
Also one gets the impression an internship might give you real-life skills specific to that company or particular field.
So an internship with RBS is like different to someone doing all the accredited qualifications for banking say in general in order to progress long-term in that field.
Whereas an apprentice will learn theory and practice an intern will jump straight in with no potential losss of investment for both parties.Ultimately both sides are almost guaranteed to gain in theory (hopefully) if you both part ways.
Post edited at 00:09