Compensation for Students
Most of the internships that business undergraduates secure are paid opportunities, but this is not a requirement. Employers should determine whether the position is paid or unpaid as well as the amount of compensation and type (hourly or stipend) in conjunction with their human resource professionals, following all appropriate guidelines.
We encourage students to consider factors other than compensation when they search for internships. Employers offering unpaid internships should plan for a schedule flexible enough to allow an intern to hold another job if it is financially necessary.
Pay Versus Course Credit
Whether or not a student gets paid for an internship has no relation to the number of credits, if any, received. The student should consult with an academic adviser, their faculty sponsor, and their internship supervisor before determining whether or not to earn credit for an internship.
Employer Responsibilities Related to Course Credit
By sponsoring an internship for credit, an employer is entering into a three-way agreement with the
student and the Foster School faculty sponsor. The employer accepts the following
responsibilities for students who pursue credit for their internships:
These responsibilities for credit-earning students are in addition to the minimum standards of internships, outlined
in the section of this website that focuses on starting an internship program.
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