Business Internship Program
What is an Internship?
An internship is a "pre-professional" part-time or full time job that you apply for, and interview for, in competition with other people, no different than any other job. Your existing job cannot be a 475/775 Internship, but it can be a University 200 Internship. A 475/775 Internship must be a new job that is designed to give you on-the-job, real world, pre-professional experience in your chosen major: Accounting, Finance, Management, or Marketing.
Academically, after you acquire a job, you are registered in Acct 475, Fin 475, Madm 475, or Mkt 475, depending on your major (MBA students are placed in Badm 775). Grades are P (pass) or NC (no credit) depending on the completion of the requirements of the internship.
What are the requirements of an Internship?
To apply, you must have completed at least 60 hours of classes and have a 2.75 or higher overall GPA (or 3.0 over your last 24 hours). You must work at least 120 hours for the organization and complete the written and internet assignments outlined in the Internship Requirements Packet. You will be assigned a mentor from the college faculty that you will meet with at least three times during your internship to discuss your job and to turn in the academic requirements.
There is no textbook or class meetings. You will be given a packet when you acquire a job that outlines the required assignments that you will turn in to your mentor or the Internship Director. The assignments include doing a virtual interview on the Monster website, completing and signing, along with your supervisor, a Learning Contract outlining some of what you expect to learn during the internship; a weekly time/log sheet detailing what your accomplishments are in your job; and a Final Report Discussing your experience and what you learned during your internship. After you complete 120 hours of work, the Internship Director will send your supervisor an evaluation form that they complete and send back evaluating you on several factors.
Since you will get three 400-level credit hours, the tuition cost will be the same as any other 3-hour class. You are responsible for paying all tuition fees or you will be dropped from the 475/775 class. The class is restricted so you cannot register for it, the Internship Director will register you in the class after you get the job.
How many internships can I do?
You can do two internships while in college. Either two 475's, two University 200's, or one of each.
How do I get the job?
The Internship Director will assist in the job search by sending your resume to potential employers, usually firms that have expressed a need for an intern and/or firms that have participated in the internship program in the past. Calling you for an interview is strictly and completely up to the firm, the Internship Director nor LSUS have any influence on that process and can in no way guarantee you a job.
Students should actively seek out internship positions; especially with firms they are interested in possibly getting a full time job with after graduation. It is much easier to get an internship job with any company that it is to get a full time job. Getting your foot in the door as an intern is an excellent way to get into the firm after graduation.
Also, many large corporations, organizations, and governmental departments have structured internship programs that you are encouraged to research. Getting experience in any organization is good, but getting that experience away from the area makes it more valuable.
What are the benefits of an internship?
You are in college to build your resume. A degree is very valuable when searching for employment or advancing in the workplace. However, the one thing you cannot get in college that all firms want you to have is experience- internships give you that. With an internship, or two, on your transcript and your resume, you are much more marketable when searching for a job and much more promotable after you get a job. You are always competing in the workplace, whether it's trying to get a job or whether it's trying to get a promotion. Everything you do while you're in college puts you ahead of people you are going to be competing with later.
The best employer firms want only the best employees. They learned long ago that it is much easier, and cheaper, to get good employees while they are still in college rather than waiting until they graduate. They recruit the best students into their internship programs in the hopes that if the students fit, they can get them to stay on as full time employees after they graduate.
Many internships turn into long term part time jobs and then full time employment after graduation. Getting an internship in college may eliminate the stress of a job search after you get your degree.
When do internships begin and end?
The timing, hours, etc. of the job is strictly between you and the firm. You are an employee, subject to all of the firm's rules and regulations.
Because internships are dependent on outside firms, academically, they do not necessarily follow the regular college semester timeframe. Ideally, you will apply to do an internship during one semester and work the 120 hours during the next, competing all requirements before finals week.
Are internships paid?
It is strictly up to the firm if, or how much, the job pays. Most internships are paid, however many are not but are designed simply to give students real world experience in the field. There is a push to eliminate unpaid internships because firms are getting very valuable college Juniors or Seniors; they should be thrilled to pay at least minimum wage.