Summer Interns: Few Jobs, Modest Pay, Less Partying

Time reports:

The National Association of Colleges and Employers (NACE) finds a 2.9% increase in the number of interns taken on since last year. This might sound upbeat, but with almost a 20% drop in 2009 it's far from a real recovery in the number of positions offered. "More firms are taking in summer interns again. But not to the same levels we saw in 2006, '07 and '08," says Barbara Berliner, director of Sponsors for Educational Opportunities, a diverse summer internship program coordinator that counts Goldman Sachs, UBS and law firm Weil, Gotshal and Manges among its clients.