A new internship initiative that encourages academic credit for students’ field work has been established by School of Business faculty and administrators in tandem with members of the Dean’s Business Advisory Council and Accounting Advisory Board. Under the old model students might have received academic credit for interning, but now the School has made it more worthwhile to pursue an internship experience.
“This spring we completed the curriculum process by adding course codes for each business discipline and assigning faculty advisers to supervise for-credit internships,” says Lisa Park, M.S. ’06, the school’s assistant dean for academic affairs and student services. “Our overall model is designed to supplement classroom theory and to offer students opportunities to participate in a carefully monitored learning experience. A by-product is that it’s a great way for an organization to recruit entry-level talent.”
In addition, Park said that the newly launched internship web site
features an area for employers to learn more about posting internship positions and the details of how the program operates.
“Employers will find this site to be a great resource. They can review the agreement and find the contact information for our internship liaison and the faculty advisers. We are working hard to match our students with employers,” Park noted.
Jerome “Jerry” Collier, M.S. ’89, managing director of M&T Bank’s investment bank group and Business Advisory Council member, has already pledged to hire an intern and is working to find other internship placement opportunities within his network.
“It is easy for me when I wear my business hat to hire a Merrick School intern, as I know firsthand the value that the program can bring to the bank in the short and long run,” Collier said. “In the short run, I have projects that are ‘nice to haves’ but I am not able to commit time and resources from my staff to get the job done. By hiring a Merrick School intern, I can have members of my team provide direction and verify progress without diverting all of their energy from priorities that are more mission critical. A long-term advantage is that members of my team get to ‘try on’ a prospective hire.”
Collier said that the decision to hire an intern is just as easy when he takes on his other perspective – that of a proud UB alumnus.
“I believe that I have an obligation to invest my time and energy to help lift the School to ever greater heights. While this is important, the real value of my Merrick School of Business experience was my professors teaching me how to think strategically. This skill has empowered my career and my life. Investing time and money to hire an intern is, in my mind, great way of helping an institution that was so helpful to me.”
Internships for credit are typically part-time positions requiring students to work at least 120 hours over the course of the semester. The school is currently recruiting employers who are willing to sponsor interns this fall and in spring and summer of 2011.
If you are a business owner and are interested in setting up an internship with the Merrick School of Business, please visit the web site or contact the program’s Business Community Internship Liaison, Mary Pakulski at 410.837.4022.