Definition
A mutually beneficial arrangement where students gain "valuable experience" while companies gain valuable free (or underpaid) labor. Often the corporate equivalent of an audition, where bright-eyed candidates perform grunt work in exchange for LinkedIn bragging rights and the distant promise of actual employment. Despite the educational spin, it's basically a trial period where both parties determine if they can tolerate each other for 40+ hours a week.
Example Usage
After completing three unpaid internships, Jessica finally landed a job that paid enough to cover her student loans... in 20 years.
Source: Common industry terminology
Related Terms
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See “internship” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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