Banking Industry Internship Program
The overall objective of the Oregon Banking Industry Student Internship Program is to provide student interns with a wide range of learning opportunities and work‐related banking experiences during a period of employment with an Oregon bank. The end result should be that participating students return to their university campus for their junior or senior year of college with a positive impression of their banking internship experience and a strong desire to pursue a career in banking upon graduation. Below are guidelines for instituting an internship program at your bank.
Student Bank Learning Opportunities
An internship experience might include opportunities for the student to learn and/or gain work experiences in banking operations, lending, financial auditing, compliance, financial trend analysis, bank marketing strategies, customer promotions, accounting, human resources, and/or bank customer relations. Some banks may offer the student additional learning opportunities in investments, real estate, insurance, and trust operations.
A Banking Mentor
Each bank will be expected to assign a bank officer as a personal mentor to the student intern. It will be the responsibility of the banking mentor to insure that the student intern is exposed to a wide range of banking activities and functions during the internship period to gain a useful learning and work experience. It is imperative to the success of this program that the students not spend his/her time devoted to a single task or area of banking. It is recommended that the bank mentor and student meet together each week for at least one hour to discuss the student’s activities/work experiences, as well as the student’s progress in the internship program. It would also be helpful if the bank mentor and student were to establish specific student learning objectives to be accomplished each week of the internship period.
Internship Selection Process
Banks interested in securing an intern should contact the appropriate person on the attached educational institution partner contact list.
Internship Requirements
The Oregon Banking Industry Student Internship will be for a recommended period of 10 to 12 weeks, typically during a summer. The starting date will be decided upon between the student and the host bank. The student will be required to work a minimum of 30 hours per week at a recommended wage rate of $10‐15 per hour. The student will be responsible for all housing and travel costs during the internship. The bank is not responsible for the payment of benefits and /or insurance costs to the student intern during the internship period. There is no obligation for the host bank to make an offer of future employment to the student at the end of the internship period.
Student Intern Involvement
In addition to the banking activities described previously, the student should be encouraged to participate in the following bank related activities:
(1) visits with a bank loan officer to customer’s business operation;
(2) a bank loan committee meeting;
(3) a Board of Directors meeting;
(4) a bank staff training session; and/or
(5) local community activities to represent the bank.
Assigned Student Projects
At the discretion of the bank, the student may be assigned to work on a special project (or projects) for the bank. This might include a marketing study or report, financial spreadsheet or trend analysis, a bank customer survey, or any other specific topic of interest to the bank.
Student Confidentiality
The student intern must adhere to and follow a policy of total confidentiality in regard to the host bank’s records and accounts, bank customer financial statements, all bank committee meetings, Board of Directors meeting discussions, and all private conversations.
Termination
If expectations are not being fulfilled by all parties involved, the internship can be terminated
at any point in time by the host bank and/or the student intern.
End of Internship Evaluation Reports by Student and Host Bank
The student intern will be expected to write a summary and critique of his or her banking internship and assessment of his or her work experiences. This report will identify the learning opportunities which the student gained and point out any areas in which the internship program could be improved. The student will furnish three copies of this report, which will be distributed to the host bank, the Oregon Bankers Association and the student’s university.
The bank mentor assigned to the student intern will be asked to complete a evaluation form provided by the OBA and to provide recommendations for improving the student banking internship program based on the bank’s experiences from hiring a student intern. This information will only be shared with the Oregon Bankers Association and the University.
Educational Institution Partner Contacts
Student Bank Learning Opportunities
An internship experience might include opportunities for the student to learn and/or gain work experiences in banking operations, lending, financial auditing, compliance, financial trend analysis, bank marketing strategies, customer promotions, accounting, human resources, and/or bank customer relations. Some banks may offer the student additional learning opportunities in investments, real estate, insurance, and trust operations.
A Banking Mentor
Each bank will be expected to assign a bank officer as a personal mentor to the student intern. It will be the responsibility of the banking mentor to insure that the student intern is exposed to a wide range of banking activities and functions during the internship period to gain a useful learning and work experience. It is imperative to the success of this program that the students not spend his/her time devoted to a single task or area of banking. It is recommended that the bank mentor and student meet together each week for at least one hour to discuss the student’s activities/work experiences, as well as the student’s progress in the internship program. It would also be helpful if the bank mentor and student were to establish specific student learning objectives to be accomplished each week of the internship period.
Internship Selection Process
Banks interested in securing an intern should contact the appropriate person on the attached educational institution partner contact list.
Internship Requirements
The Oregon Banking Industry Student Internship will be for a recommended period of 10 to 12 weeks, typically during a summer. The starting date will be decided upon between the student and the host bank. The student will be required to work a minimum of 30 hours per week at a recommended wage rate of $10‐15 per hour. The student will be responsible for all housing and travel costs during the internship. The bank is not responsible for the payment of benefits and /or insurance costs to the student intern during the internship period. There is no obligation for the host bank to make an offer of future employment to the student at the end of the internship period.
Student Intern Involvement
In addition to the banking activities described previously, the student should be encouraged to participate in the following bank related activities:
(1) visits with a bank loan officer to customer’s business operation;
(2) a bank loan committee meeting;
(3) a Board of Directors meeting;
(4) a bank staff training session; and/or
(5) local community activities to represent the bank.
Assigned Student Projects
At the discretion of the bank, the student may be assigned to work on a special project (or projects) for the bank. This might include a marketing study or report, financial spreadsheet or trend analysis, a bank customer survey, or any other specific topic of interest to the bank.
Student Confidentiality
The student intern must adhere to and follow a policy of total confidentiality in regard to the host bank’s records and accounts, bank customer financial statements, all bank committee meetings, Board of Directors meeting discussions, and all private conversations.
Termination
If expectations are not being fulfilled by all parties involved, the internship can be terminated
at any point in time by the host bank and/or the student intern.
End of Internship Evaluation Reports by Student and Host Bank
The student intern will be expected to write a summary and critique of his or her banking internship and assessment of his or her work experiences. This report will identify the learning opportunities which the student gained and point out any areas in which the internship program could be improved. The student will furnish three copies of this report, which will be distributed to the host bank, the Oregon Bankers Association and the student’s university.
The bank mentor assigned to the student intern will be asked to complete a evaluation form provided by the OBA and to provide recommendations for improving the student banking internship program based on the bank’s experiences from hiring a student intern. This information will only be shared with the Oregon Bankers Association and the University.
Educational Institution Partner Contacts
|
Oregon State University
Brandi Fuhrman Assistant Director – Career Success Center Oregon State University College of Business (541) 737‐8957 brandi.fuhrman@bus.oregonstate.edu |
University of Oregon
Michele C Henney, CPA, MS, PhD Program Manager Finance and Securities Analysis Center Lundquist College of Business University of Oregon (541) 346‐3281 mhenney@uoregon.edu |
