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Internship Hiring Is Tanking (BusinessWeek)

There will be a lot of empty space at the University of Wisconsin at Madison’s upcoming career fair for students from the College of Letters & Science. Last year, 43 employers turned out to talk up their internship programs and full-time opportunities; this year only 23 plan to attend. It’s gotten so bad that business students, who normally clamor for jobs with investment banks and consulting companies, are settling for less. “Retail used to be not that appealing to business studentsâ??it’s kind of a back-up plan,” says career services director Leslie Kohlberg. Not anymore.