Our goal is to assist well-qualified students and interested businesses in
finding one another for an internship experience that is beneficial to all
parties! We hope that the quality of our students will want you to
continually hire our students, semester after semester.
Please email the
internship coordinator or call 438-2827 if you have any
questions.
EMPLOYER FORMS:
Mid-term Evaluation
Form
Final Evaluation Form
Position Description
Employment Verification Form
General information about finance internships
Background of Potential Interns
Students who are interested in interns range from students who have
completed our first finance course (FIL 240, Business Finance) to seniors
who have completed several finance courses and who may be a semester away
from graduating.
Please click here for a list of required and elective finance courses
taken by our majors. Before taking their first finance course as juniors,
our finance majors will have completed two semesters of accounting, one
semester of statistics, and have shown competency in MS Office programs such
as Excel. They will have completed a number of ISU’s general education
courses, including courses in composition (writing) and speech
communication. In addition, they will most likely be taking, or have
recently completed, business core courses in law, management, and marketing.
GPA and other Screening Requirements
Generally we encourage students with a 3.0 or better GPA to consider an
internship experience, but we also know many talented students do not
achieve that standard. The
internship
coordinator will work with you to pre-screen potential internship
applicants so students who apply will meet your criteria: in terms of GPA,
course background, time commitment to your firm and the internship, or any
other criteria you desire.
Length of an Internship
Most internships last for one semester or one summer. If it is better from
your firm to seek students who can continue working after the academic term
is completed, please let the internship coordinator know that to assist in
pre-screening.
What You Should Expect from an Intern
Student interns will be motivated to work hard and learn from their
experience. They realize that interning helps make them attractive to
employers when they are looking for their first post-baccalaureate job; that
good references from their internship will assist their job search; and, of
course, should they enjoy the internship and if the employing firm rates
them highly, that, budget permitting, their first post-baccalaureate job may
be at their internship firm.
Having not yet completed their coursework, the knowledge base and skills of
an intern will likely not be the same as someone with a bachelor’s degree.
But they should have the skills to assist your needs (this is where the
internship coordinator’s pre-screening can help) and will have the eagerness
to learn and grow into their duties.
What We Request of You
The purpose of the internship is to provide real-world finance work
experience for a student. As such, we seek internships that will provide
good training and exposure to the finance discipline to give students a
chance to see their classroom discussions “become real” on-the-job. It is
helpful to us if you create a position description which we can keep on
file. The
position
description should describe the general duties and your expectations for
your interns; we can use these to help the pre-screening process and to
inform qualified students of available positions. The description can also
be used as the basis of an “agreement” with the intern so both parties know
from the beginning what the job duties will be to better judge the intern’s
performance during their time with you.
Thus, primarily clerical (typing, copying, filing) positions are not
appropriate. Entry-level positions or rotating work assignments are
beneficial to interns. Projects or team in which the intern can participate
gives the intern a sense of accomplishment and returns value to you, the
employer. Taking them out to lunch or allowing them to attend training
sessions and meetings is a special bonus which the students enjoy and from
which they can learn much about your firm and about career paths in finance
We do ask that the intern’s supervisor provide us with two evaluations, one
at mid-semester and one at the end of the semester. These evaluations are
important to the intern, as they comprise the major of his/her semester
grade for the internship. Thus, the desire for a good grade is another
incentive for a qualified intern to perform well. Please complete the
Employment Verification Form so we have record of the intern’s
employment and who to contact as his/her supervisor.
Here are examples of the
mid-term evaluation
and
final evaluation
that we request of the intern’s supervisor. You may substitute your
firm’s evaluation form in place of the final evaluation form if you so
desire.
