#BE

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Hiring Timeline and Internship Programs Series Part 1: Summer Internships

There are a variety of internship programs for anyone interested in a career relating to #BE. We will cover many of them and the hiring timeline in a 2 Part Series: Part 1 covers companies offering Summer Internships and Part 2 covers Rotational Internships (ones where you have to work in multiple roles with some being full-time job programs geared towards new grads) and Educational Programs.
Focusing on Summer Internships in this article, most applications open around July or August and the deadlines are usually in September or October for the following summer. Given Lawrence’s academic year, you may find yourself busy with classes when these deadlines arrive, so it would be wise to plan ahead. For instance, select internships that interest you and prepare applications in the summer when you may have more time. Here are some internships to start your search over the summer and their application opening dates (program details and deadlines are in the links) to help plan out your application process.

Applications Opening in August:

Microsoft ACE Rotation Program – Applications for 2022 open in August 2021 (mainly for Juniors and Seniors interested in pursuing careers in Marketing).

Microsoft University Internship – Typically, most applications open in August or December, however some open in March.

Cigna: Technology Early Career Development Program (TECDP) – Applications open starting August 2021 for Juniors and Seniors.

Cigna: Operations Leadership Development Program (OLDP) Summer Internship – Applications open starting August 2021 (mainly for Seniors who have just graduated as they are looking for people with a Bachelor’s Degree in related fields).

Applications open Starting September:

Cigna: Summer Internship Program – Applications open from September to November annually for Juniors and Seniors.

Spotify: Global Summer Internship – Early applications open in the Fall with some opening over spring and summer. Some are still open, so if working for Spotify interests you, be sure to check them out!

L’Oreal: USA Summer Internship Program – Operations– Undergraduate (Supply Chain / Manufacturing) – Applications are for Juniors and open up early September with interviews occurring from September to January.

Uber Student Internships: Applications are open from September to November.

Uber Student Internships: Applications are open from September to November.

Others:

Undergraduate Leadership Programs – There are a variety of leadership programs for undergraduate students. If working with this company and the programs they offer interest you, you can go through them here.

JP Morgan Internship Program: Typically open from April to October.

CSX Internships: Opportunities are posted as they become available.

If none of these internships interest you, that’s alright! The next part in this series covers rotational internships and educational programs so be sure to check them out as well!
The majority of the internships open during August/September and end up closing in the middle of our fall or winter terms, which can make it difficult to apply while handling all your other responsibilities at Lawrence. To get help in planning ahead and preparing your applications, schedule an appointment with Grace, our #BE advisor (she’s available all summer too), or with Raisa, our CPE!
Raisa Fatima ’23 Career Peer Educator

Career Spotlights: Banking

Banking can be a lucrative career for anyone in the business and entrepreneurship career community. However, there are many different types of financial institutions, each serving their clients in different ways and working in different areas of finance. Unsure on what kinds of customers you want to serve or what aspect of finance you want to work with? Here are some types of banks and organizations to help you see which one interests you the most.


Traditional Banks: Consumers deposit funds in checking and saving accounts. Most big banks in America like Wells Fargo, JP Morgan Chase, and Bank of America fit into this description. These banks are regulated by the Federal Deposit Insurance Corporation (FDIC) which insures deposits in banks against losses in bank failures to maintain economic stability.


Commercial Bank: They offer services to both personal consumers and businesses by making short-term loans to both groups. There is a lot of overlap between traditional and commercial banks as many of the traditional banks mentioned above operate as commercial ones by giving out loans.


Credit Unions: Credit Unions have members who can borrow from a credit union’s combined deposits at a low interest rate. They are typically non-profit and members are their shareholders. The National Credit Union Administration (NCUA) regulates and supervises federal credit unions.


Investment Banks: These types of banks help companies determine how much they should pay when buying another company, new ways to invest their profits, or advise companies on borrowing money. They also advise clients on selling stocks and bonds.


The Federal Reserve: The Federal Reserve or the Fed regulates banks and determines monetary policies to stabilize inflation, reduce unemployment and moderate long term interest rates. If you’re interested in working at the policy level when it comes to finance, working for the Fed could be an option.


Micro Credit: Typically, micro credit or micro loans are small loans given to people who don’t have collateral or a lot of money to pay back huge sums or interest. These loans are often used to encourage entrepreneurship and help people out of poverty. If you’re someone who is interested in combining your interest in finance with economic development, micro credit could be an interesting field for you.


Online/Virtual Banks: Banks that operate exclusively online and don’t have branches.

Raisa Fatima ’23 is a Physics major with interests in research and engineering. She enjoys painting, reading and playing games like Stardew Valley in her spare time. Raisa works as a Career Peer Educator for the BE and PHN career communities so if you’re interested in anything PHN or BE related, or you just need some general advice on anything professional development related like resumes, cover letter etc. you can schedule an appointment here.

Career Spotlights: Insurance

Insurance reduces the negative impact of losing assets or income when an accident, illness, robbery, or death occurs. Many buy different types of insurance like health, life, auto, and home insurance so that they can transfer some of their risk of loss to the insurance company. But what does the other side of this industry look like? What does a job in insurance look like?


Career paths in insurance require strong backgrounds in math, statistics, and financial theory. Additionally, you need good communication and writing skills as often times you would be writing reports and communicating with clients about your findings and calculations. Here are some potential career paths and what each field requires.


Actuaries: They help develop insurance policies by determining the costs of risk. Actuaries also work in the public sector where they evaluate proposed changes to Social Security or Medicare or examine and regulate rates charged by insurance companies.
In addition to having excellent arithmetic skills, actuaries need to take examinations to get the right certifications. Most employers support their employees throughout the later part of their certification process (e.g. covering the costs of exams or giving raises after they pass exams). You can find out more by checking the Society of Actuaries website.


Financial or Insurance Managers: They decide how to limit losses by protecting against risks like costs imposed by lawsuits against the organization.
Financial managers need at least a bachelor’s degree and 5 years or more of experience in related occupations like accountant, loan officers, securities sales agents, or financial analysts. Many employers are also interested in hiring people with a master’s in fields like finance, accounting, economics, or business administration.


Insurance Sales Agents: They contact potential customers to sell one or more types of insurance. Sales agents explain various policies and help clients choose plans that suit them best. Agents can specialize in selling a specific type of insurance like life insurance or casualty insurance or sell multiple plans. They can also choose to work for a specific company or work for an insurance brokerage by selling the policies of many companies.


Agents need licenses in states where they work. They are only issued to applicants who have completed the necessary courses and pass state exams covering insurance fundamentals and state insurance laws. Many state licensing authorities also require agents to take courses on insurance laws, consumer protection, and other technical aspects of insurance policies. You can find more about these state requirements here.

Raisa Fatima ’23 is a Physics major with interests in research and engineering. She enjoys painting, reading and playing games like Stardew Valley in her spare time. Raisa works as a Career Peer Educator for the BE and PHN career communities so if you’re interested in anything PHN or BE related, or you just need some general advice on anything professional development related like resumes, cover letter etc. you can schedule an appointment here.