Internship participation has undergone rapid expansion over the last three decades, to the point where today many interns and host organizations regard internships as the preferred pathway into entry-level professional positions. However, organizational research has largely neglected the investigation of internships as an employment context, thus a majority of established predictive relationships in the workplace remain untested within the context of internships, including, fundamental workplace causal relationships between pay, performance and satisfaction. This study collected data at three time intervals from 303 intern-supervisor matched pairs (n = 606), to establish the transferability of these relationships to the unique employment setting of internships. Findings indicated that although payment level influenced intern satisfaction it did not play a significant role in influencing interns' in-role performance, whereas internship satisfaction did positively impact intern performance.