This Guide provides a brief overview of the Business Economics Internship at Wooster from a student's perspective. Employers should consult the separate Employer's Guide.

Despite its practical orientation and off-campus setting, the Internship is a graded academic course and is subject to the general rules and regulations of the College. Questions about or in addition to the material below should be addressed to the Director of the Program.

I. Program Philosophy

The primary goal of the Business Economics Internship Program is to provide 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. Carefully selected internships provide managerial-level experience using and enhancing analytical skills and previous Economics and Business Economics training.

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 Semester.

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.

IV. Communication

Since you will be away from campus, communication is vital to the internship process. You are expected to submit the regular bi-weekly reports in a timely manner. In addition, the Director usually visits the Intern and his or her supervisor at least once during the twenty-two week period. Throughout the internship, the Intern should take the initiative to keep the Director informed of any problems, issues, or questions that may arise about the Internship or the Internship process.

Revised 23 May 1997 by Jws