The DeGroote Commerce Internship Program is an opportunity for business students to gain corporate work experience with an employer between their third and fourth year (taking an official leave of absence from their full-time studies). Work terms are 12 or 16 months in length beginning anytime between May and September.
The fee for the 3IN0 Career Development Course is $175. Upon securing a position, an administration fee (approximately $900, but subject to change) is applied. The student will also pay additional fees for the MSU Health and Dental coverage plan when on internship (refundable through the opt-out process offered in the fall). Fees are paid in three installments.
The experience students gain while on internship enhances skills to effectively market their brand to employers.
Statistics indicate that students who have participated in experiential learning programs are more likely to be granted interviews by employers during graduate on-campus recruitment. Some returning interns are offered full-time employment prior to their final year of studies. All internships are paid opportunities. The average annual salary for participants is around $40,000 each year.
Students may be required to move to a different city during the internship, depending on the company’s location.
Since internship increases the Commerce program duration by one full year, friends and peers who did not choose internship will have graduated before the intern is in the final year of study.
3IN0 is a mandatory 10-hour non-credit course for all internship candidates that equips students with the skills to effectively transition from the classroom to the workplace.
The 3IN0 Career Development Course offers multiple sections with room for up to 225 students. Registration in 3IN0 is on a first-come, first-served basis.
The number of positions varies each year depending on employer needs, changing market demand, and number of students enrolled. Typically there are over 200 positions available each year.
Each year, more than 90 students secure internship positions.