The distinguishing element of an internship is the intentional learning agenda.
An internship is a partnership between an advanced student or graduate and
an organization that has created a meaningful position, providing hands-on
training and career awareness. An internship is an opportunity for a student
to gain practical work experience that complements his or her academic
experience and therefore should have clearly defined projects and learning
goals. For employers, internships are an opportunity to complete valuable
projects and test-drive potential employees.

Internships vary in both duration and compensation. While paid internships
attract more applicants, other forms of compensation include academic credit and stipends.