Why hire a business student?

Hiring a business undergraduate student as an intern brings fresh perspectives, up-to-date knowledge of modern business practices, and enthusiasm to learn and contribute. These students often bring strong analytical, problem-solving, and technological skills, which can support ongoing projects or inject innovation into the organization. Additionally, internships provide an opportunity to train and assess potential long-term talent, creating a pipeline for future hires while fostering the next generation of professionals.

Intern compensation

The objective of an internship is to provide the intern with an experience that allows the student to contribute at a professional level, apply what they have learned as a business student, and gain valuable professional experience. As such, students are usually paid a reasonable wage or stipend for their time. For guidance on this, please reference the Fact Sheet #71 published by the U.S. Department of Labor, Wage and Hour Division. For small businesses adding an intern to the payroll may not be practical. Alternatively, a company may pay the intern a stipend. Stipends are not considered wages and have no Federal Withholding Tax deducted.

Internship for academic credit:

Most students seek to earn academic credit for their internship experience. If this is the case, the organization must be prepared to offer the following:

• A professional experience that leverages their academic knowledge and enhances their professional development.
• A supervisor who will mentor and collaborate with the student, supporting them in successfully achieving their academic and professional goals throughout the internship.