1. Internships may be “paid” or “unpaid.”
Fellowships are paid.
2. An internship functions as an exchange of services for experience between the student and the hiring organization.
3. Fellowships usually focus on professional development and/or academic research, rather than professional experience.
4. Students at any stage of their education—including undergrads and high school students—are eligible to apply for internship opportunities.
Fellowships are primarily offered to graduate and even post-graduate students.
5. Internship:
Normally it varies form company to company but it ranges from 1- 3 months.
Fellowship:
As fellowships are offered for variety of program, it ranges from few months to years.
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