Student's Guide to
THE BUSINESS ECONOMICS INTERNSHIP
This Guide provides a brief overview of the Business Economics
at Wooster from a student's perspective. Employers should consult the
Despite its practical orientation and off-campus setting, the
is a graded academic course and is subject to the general rules and
of the College. Questions about or in addition to the material below
be addressed to the
of the Program.
I. Program Philosophy
The primary goal of the Business Economics Internship Program is to
students with meaningful work experience that can be related to past or
future academic training. In addition to demonstrating the relevance of
academic study, students experience a work setting first-hand.
selected internships provide managerial-level experience using and
analytical skills and previous Economics and Business Economics
II. Program Details, Qualifications, and Requirements
- A. Program Length
- The Internship spans twenty-two weeks, usually beginning the
summer following a student's junior year and continuing into the Fall
- B. Academic Credit
- Upon successful completion of the program, the student receives
two academic credits graded on a Satisfactory/No-Credit basis. The
grades are assigned by the Directorwho is responsible for maintaining
the academic integrity of the Program. Includedin the evaluation is
information provided by the student and the students employerand
materials discussed in section IID below. The full twenty-two weeks
must be completed in order to receive any credit.
- C. Prerequisites
- Junior Standing
- 2.75 cumulative grade average.
- Successful completion of Economics 101 and 202.
- Departmental approval.
- D. Responsibilities to the College and Employer
- Preparation of a bi-weekly report on work activities
submitted to the Program Director in a timely manner.
- Preparation of a final report discussing the relationship
between the work performed as an Intern and academic work at the
College. This report is to be submitted to the Program Director no
later than the last day of classes during the Semester that the student
returns to campus.
- Interns are treated like other employees and are expected to
comply with the employing firm's policies and procedures.
- The sponsoring firm is entitled to the Intern's maximum work
effort. In order to minimize the possibility that other activities will
interfere with this, interns are not permitted to enroll in courses nor
to participate formally in campus activities, including sports teams
during the term of the Internship. The same is true for additional
employment, including resident assistantships. Questions about this
should be addressed to the Program Director.
III. Financial Aspects of the Internship
- A. Tuition
- Because this is an academic program for which credit is given,
Interns are charges the normal tuition for two courses during the Fall
semester of the Internship. Questions about tuition and fees should be
directed to the Treasurers Office.
- B. Salary
- The employer is obligated to pay the student at the rate of at
least $1,300 per month during the second eleven weeks of the
Internship. Employers sometimes pay more than this, but the actual
salary amount should be determined before the Internship begins.
Interns should not expect to re-negotiate salary during the internship.
- C. Living Expenses
- The student is responsible for all living expenses during the
Internship. Arrangements for housing upon return to Campus should be
made, in advance, through the Housing Office.
Since you will be away from campus, communication is vital to the
process. You are expected to submit the regular bi-weekly reports in a
manner. In addition, the Director usually visits the Intern and his or
supervisor at least once during the twenty-two week period. Throughout
internship, the Intern should take the initiative to keep the Director
of any problems, issues, or questions that may arise about the
or the Internship process.
Revised 23 May 1997 by