FIN 460, FINANCE APPRENTICESHIP (4 credits)
FIN 490, VARIABLE CREDIT FINANCE INTERNSHIP
POLICY AND GUIDELINES
Department of Finance &
Marketing
Contact individual Finance
professors regarding internships
I.
The Apprenticeship/Internship Experience:
a. This experience provides an opportunity for students to gain practical experience in a professional, finance-related work setting as part of their academic program in the Finance and Marketing Department. It requires the close supervision of a mentor/supervisor from within the selected firm.
b. The experience may NOT take place in a firm owned by a relative, nor may the mentor be a relative.
c. The internship may not be completed in the
firm where the student currently works unless it is done in a completely
different department with a different supervisor.
d. To get credit a student MUST fill out the apprenticeship/internship contract and secure approval PRIOR TO the start of the internship.
II.
Student Eligibility Criteria:
a. Accepted CBE major with a Finance concentration or Financial Economics major.
b. Have a 2.75 or better GPA in their major and achieved at least a junior standing.
c. Completed at minimum* the prerequisite courses: FIN 341 and FIN 440.
*Some apprenticeships/internships may require additional
coursework; for example, an apprenticeship or internship in a bank or credit
union would require the completion of either FIN 444 or ECON 311.
III.
Internship Requirements for Credit:
a. The apprenticeship or internship must involve a significant learning experience in the practical application of the academic finance curriculum. The internship tasks should be meaningfully related to the course work in finance at WWU, should not be more than 10% clerical in nature, nor be involved more than 10% in sales/selling.
b. A minimum of four hours per week of apprenticeship or internship experience per credit hour to be received. (The number of credit hours to be received for an internship depends on the quality of the experience, hours worked, and the amount of additional reading and reports that are done along with the internship. An internship that requires 16 hours of work per week and a six-page summary report at the end my be deserving of only 2 credits; while one that requires 16 hours of work per week, 6 or 7 journal/book chapters as readings and a 25 page summary report/reading analysis at the end may be deserving of 4 credits.)
c. The internship will be supplemented by readings from books or journal articles, varying with the number of credits. The intern will write summaries of the assigned readings.
d. There must be close supervision by both a supervisor/mentor and a faculty member teaching in the academic area most closely associated with the internship.
e. The Internship Contract must be completed and signed by 1) the student, 2) the supervisor/mentor, 3) the faculty member, and 4) the FMKT Department Chair.
f. Registration for FIN 460 or Registration in FIN 490 (FIN 490 requires a Variable Credit Course Registration permit signed by the student and the faculty member).
g. Regular meetings as agreed in the Apprenticeship/Internship Contract.
h. Interim reports and a daily or weekly journal, as required.
i. Evaluation letter from the supervisor near the completion date (not weeks afterward).
j. Typewritten report to the faculty member and the employer/supervisor/mentor describing the specific accomplishments, the general experience, and the degree to which these fulfilled the original internship objectives.
CONTRACT FOR
FIN 460, FINANCE APPRENTICESHIP (4 credits)
FIN 490, VARIABLE CREDIT FINANCE INTERNSHIP
A. Student: ________________________________ Student #: W________________
_______________________________ ___________________________________
_______________________________ ___________________________________
Contacts:
Phone: ___________________ E-Mail:
______________________
Company Name: _____________________________________________________
Address: ____________________________________________________________
Supervisor: ___________________________ Title: _______________________ Contacts: Phone: ___________________ E-Mail: ______________________
Name:
A. Job
Description and Learning Objectives:
(It may be easier to attach a separate page description of the internship.) __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
A. Work Schedule:
Dates: Start __________ End ___________ Hours/Week _____________
C. Number of Credit Hours
Requested: _____
Credit Hours Granted: _____
D. Type of Interaction with Faculty Member:
Meetings ____ E-mail ____ Other (specify)
____________________
E. Internship Related
_______________________________________________________________________________________________________________________________________________________________________________________________________________
F. Interim Reports* to Faculty Member
(frequency):
Weekly
____ Every Two Weeks _____ Every Three Weeks _____
*Reports should include a statement
about the internship, journal entries to date, and required article summaries.
G. Journal Entry Frequency:
Daily ____ Weekly
____ (more frequently if tasks vary a
lot within the day)
H. Supervisor Evaluation:
I.
Final Internship Report:
The student agrees to provide a single typewritten report for the internship supervisor and the faculty member at the end of the internship period. The report should describe the internship activities and responsibilities, the supervision and instruction received, the educational benefits gained, and the overall value of the experience. The report should refer to the job experience and the relationship of that experience to related academic readings and/or classroom-based knowledge gained at Western.
J.
Faculty Evaluation:
The faculty member agrees to submit a grade after reviewing the supervisor’s evaluation, the final internship report, the interim reports (that include the daily/weekly journal entries & reading summaries), and any other required materials.
K. Signatures:
Student Intern*: ___________________________________ Date: __________
Employer/Supervisor**: _____________________________ Date: __________ Faculty Member: __________________________________ Date: __________
Chairperson: _____________________________________ Date: __________
*By signing, the student agrees to meet all
requirements stated in 1) the “Policy and Guidelines” statement and 2) the
above “Contract.” The student also
agrees to provide a copy of this Contract to the supervisor/mentor once it is
signed by all named parties, and agrees to inform the faculty member of any
changes in the “contact information” during the period of the internship.
**By signing, the employer/supervisor/mentor is confirming that the
information provided in Part I, B and Part II, A and B is accurate; that he/she
will be a mentor to the student on a regular basis during the period designated
in Part II, B; and that he/she agrees to do the evaluation on a timely basis as
outlined in Section II, H.