The Death of The Unpaid Internship
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Transcript of The Death of The Unpaid Internship
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
The Death of the Unpaid InternshipModeling Demand for Listings on Internships.comExtract 2015 ConferenceOctober 30, 2015
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Data Scientist at Chegg• BA, UC Berkeley
• Worked in a Business Analyst role for a few years• Wanted to do some more exciting things with data so…
• MS, Northwestern University• Chicago was too cold• Interned at Chegg, tackled some cool optimization problems• Joined fulltime after graduating
About Me
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3 Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.3
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• An internship marketplace• Employers post listings• Students create a profile, upload their resume, and apply!
• Currently 100k+ positions from 80k+ companies• Acquired by Chegg in 2014
About Internships.com
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Explore company/listing demographics• Understand what generates demand
(more applies) for a listing• Seasonality?• Industry?• Paid vs Unpaid?• Virtual vs Onsite?
• Help to prioritize future project initiatives for the site
What factors determine the popularity of a listing?
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Model the count of applies per listing!• With Views or Number of Days listed as an offset, this is
equivalent to a regression of the rate applies so…• Is Poisson, but with a bit of overdispersion
• Estimate an extra parameter to scale the variance (Quasipoisson, Negative Binomial, etc.)
Approach
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
Distribution Across States
Most populousstatescomprise 85% of all listings
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Option 1: Regularize, tune for an additional ridge parameter• Option 2: Build a separate GLM for every State• Option 3: Replace with a population density variable
• Link ZIP codes to Metropolitan Statistical Areas • Bin into buckets according to resulting distribution
• Turns out Option 3 worked best!• Simpler model (reduced to 7 variables), and no loss in goodness of fit (decrease
in AIC)• Possibly the latent variable that many of the State variables were a proxy for
Replacing the State Variable
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Population density matters!– Compared to Virtual listings as a baseline,
internships in locations with density less than 5,000/SqMile received much less applications (by a factor of 0.6 times)
– Conversely listings in highly populated areas received up to 1.7 times more
Some Results
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Paid vs Unpaid had the largest effect!– Paid internships can expect to receive 2.5 times
more applications than unpaid internships!– So make it explicit that your internships are paid!
Some Results
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Seasonality matters!– Differences in Supply/Demand during Fall/Winter months
Some Results
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Nobody wants to work during Christmas…– “Summer” is one of our most frequent search queries
Some Results
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Listings available year-round
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Supply/Demand by listing category
Some Results
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
• Modeling (beyond GLMs too)– Better features with a simpler model is sometimes preferable to more features
(potentially noisy or redundant) with a complex model• For Internships.com…
– Reconcile supply/demand discrepancies in seasonality• Email marketing campaigns during seasons with influx of listings
– Major linkages between different listings categories• Recommend relevant listings to majors that students might not necessarily know about• Also better capabilities for discovery of different job categories for majors
Takeaways
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Confidential Material – Chegg Inc. © 2005 - 2015. All Rights Reserved.
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