Internship Program FAQ
What is the Commerce Internship Program?
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.
Is there a fee to participate?
The fee for the 2IN0 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.
What are the advantages to participating in the Commerce Internship Program (CIP)?
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.
Are there any disadvantages?
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.
What is the 2IN0 Career Development Course?
2IN0 is a mandatory 10-hour non-credit course that is a prerequisite for admission into CIP. The course equips students with the skills to effectively transition from the classroom to the workplace.
How many students can participate in 2IN0/CIP?
The 2IN0 Career Development Course offers multiple sections with room for over 200 students. Registration in 2IN0 is on a first-come, first-served basis.
How many jobs are available each year?
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.
How many students are successful in securing an internship each year?
Each year, more than 100 students secure internship positions.