Economics internships are work/learning experiences that may be linked to the internship course (ECON 2481, Internship Field Study) for academic credit or done independently. Both alternatives provide a hands-on way for students to gain practical work experience. The internship is usually the length or equivalent of an academic term or summer, may be part-time or full-time, and paid or unpaid.
I. CREDIT INTERNSHIPS (ACADEMIC)
Academic internships (when the student earns credit while interning) have specific guidelines and requirements as described below. This work/learning arrangement is overseen by the Economics Department Faculty Supervisor and by a designated employee of an organization. The Faculty Supervisor determines if the site meets academic requirements regarding terms and conditions for assignments, internship tasks, work hours and possible compensation. An integral component of the experience that distinguishes it from other types of work is one or more forms of structured and deliberate reflection contained within learning agendas or objectives.
Credits and Tuition
Credit internships during the Spring and Fall semester are included in the tuition for the semester. Extra tuition and fees are associated for summer and winter intersession academic internships.
Credits must be earned during the semester in which the internship takes place. University policy does not allow for credits to be earned retroactively. All paperwork must be submitted to the Faculty Supervisor prior to the deadline for requiring the Dean’s signature to add a class.
42 hours of internship work equates to 1 credit. Students can earn a max of 6 credits per semester, with a total of 15 internship credits in their Bachelors degree.
1. Do you qualify? To be eligible for a credit internship, students must have completed at least one 2000-level economics course and either have completed or be taking concurrently at least two other 2000-level economics courses (students do not have to be an economics major); and have a minimum cumulative grade point average of 2.25 or a minimum of 2.5 in 2000-level economics courses.
2. Find internship. It is the students’ responsibility to find and secure an internship that incorporates economics. The Center for Career Development at the UConn is a great resource for students who seek guidance on this process.
3. Submit online Credit Internship Application. After an internship is secured the student must complete and submit the online Internship Application for ECON 2481, Internship Field Study.
4. Receive, complete and submit Learning Agreement. The student will receive an email from Professor Metin Cosgel, Faculty Internship Supervisor, regarding the status of his/her application. If the student’s internship application is approved, Prof. Cosgel will email the Internship Learning Agreement, which must be completed and submitted prior to enrolling in ECON 2481, Internship Field Study. The Internship Learning Agreement can be submitted to Prof. Cosgel (firstname.lastname@example.org), or the Department of Economics’ main office (309 Oak Hall). Failure to submit the Internship Learning Agreement prior to the start of the internship will result in not being able to enroll in ECON 2481. All paperwork must be submitted to the Faculty Supervisor prior to the deadline for requiring the Dean’s signature to add a class.
5. Receive permission number to enroll in ECON 2481. Prof. Cosgel will administer a permission number via email which allows the student to enroll in ECON 2481, Internship Field Study, after he has received the completed Internship Learning Agreement. He will note how many credits the student can earn through the internship opportunity. 42 hours of internship work equates to 1 credit. Students can earn a max of 6 credits per semester, with a total of 15 internship credits in their bachelors degree. Summer session tuition will depend on the number of credits enrolled.
6. Course Requirements: The student must meet with the Field Supervisor at the beginning of the internship to discuss the “Internship Orientation Checklist” and complete other course requirements that are listed in the syllabus for ECON 2481, Internship Field Study.
7. Receive grade of S/U. The Student will be graded on a Satisfactory/Unsatisfactory (S/U) basis for ECON 2481. The S/U credits cannot count towards the 24 credits required for a major in economics, but will count towards the 120 credits required for graduation (elective credits). If any required aspects of this process are not completed by the student, he/she could earn a U for ECON 2481.
The following companies have previously offered internships for UConn economics majors. This is not a comprehensive list. Students may intern with any organization worldwide. The student is responsible for inquiring with companies regarding possible internship opportunities.
Connecticut Economic Resource Center
Connecticut Policy and Economic Council
CT Conf. of Municipalities
Economic Development – Town of Windsor
First Investors Corporation
First Niagara Bank
Horizon Financial Advisors
MAC Source Communications, Inc.
New England Financial
New York Life
Northwestern Mutual Life Insurance Company
Office of Institutional Research, University of Connecticut
Phoenix Home Life
State of CT – Department of Consumer Protection
The Travelers Companies, Inc.
XL Global Services
II. NON-CREDIT INTERNSHIPS (NON-ACADEMIC)
Non-credit internships are usually done independently by students to supplement their formal education and to gain practical work experience. Personal reflection is strongly encouraged to make the experience more meaningful. These internships may or may not be paid. Paid internships may offer compensation, which is usually a weekly salary, but it may also involve a stipend, travel allowance, housing, food, etc.
NOTE: Unpaid, non-credit internships are subject to scrutiny by the Department of Labor. When participating in an unpaid, non-credit internship, students are encouraged to ask if the employer is following guidelines in the Fair Labor Standards Act, to ensure liability compliance. Additional information about this can be found on the Employer Section of http://career.uconn.edu/internships-and-coops/.
Interested in interning while participating in Education Abroad?