Many planning educators believe schools must require a thesis or at least have a thesis option for the school to have a strong program. If planning is a professional degree, emphasis should be placed on practice. A thesis should be an option for students pursuing a Ph.D. There is certainly a place for research and report writing in planning school. Students complete research and write research papers throughout their academic careers. On the other hand, students generally gain little practical experience throughout their academic careers.
Potential employers look favorably on practicum experience.
Most employers would agree that if a student can perform specific job duties on a part-time basis, chances are that the student can do them full time as an employee. I can do the work, if you only give me the job. I have been very fortunate. I have had three challenging and enlightening practicums. In undergraduate school I completed an internship with a private planning and community development firm.