If anything, poor and middle class students are extra likely to get stuck in unpaid internships. Rich kids, by and large, seem to prefer collecting a paycheck.
Such were the findings of a fascinating 2010 study conducted for Intern Bridge, a consulting firm that specializes in college recruiting, and one of the few major sources of data on the internship market. After analyzing survey responses from thousands of college students, the paper concluded: “Our findings do not support the common contention that students from the wealthiest families have greater access to unpaid internships, even among most for profit companies. Low income students have a much higher level of participation in unpaid internships than students from high income families.”
This was a myth that I believed until I read this article. Turns out I wasn’t completely wrong though: rich kids do tend to take a large share of the unpaid internships in Hollywood and Wall Street.