The internship, first and foremost, is experiential learning. Internships help apply academic preparation in a major to specific work experience.
According to NACE, “An internship is a form of experiential learning that integrates knowledge and theory learned in the classroom with practical application and skills development in a professional setting. Internships give students the opportunity to gain valuable applied experience and make connections in professional fields they are considering for career paths; and give employers the opportunity to guide and evaluate talent."
For a more complete understanding internships see the information regarding internships on the Department of Labor’s website.
Baylor University has established expectations of Credit Bearing Internships. Please review this to gain a better understanding.