Berkeley Haas has launched the MBA Summer Internship Stimulus Fund, which will provide $5,000 stipends to students.
The stipends, which will help cover basic needs like rent and living expenses, will be awarded on a rolling basis to continuing MBA students who qualify. Full-time first-year MBA students, first and second year MBA/MPH students, and evening and weekend MBA students seeking internships may apply.
Students can apply once they’ve received a written job offer for a paid summer internship, so long as the salary offered is below market, said Abby Scott, Assistant Dean of Career Management & Corporate Partnerships.
“We know that some companies are experiencing significant financial constraints right now and supplementing student compensation through this stipend program will help impacted organizations access Berkeley MBA talent for the summer,” Scott said. “If a company cannot pay a typical summer salary, they can still hire a Berkeley MBA intern as long as they are contributing to student wages and meeting standards governed by employment law.”
All internships must be for MBA-level work and the internships must start by July 6 and run for at least six weeks.
Scott said she considers the fund “a stimulus package” that will benefit both students and employers.
“Ultimately we want all of our MBA students seeking internships to have a great experience and we believe this fund will help,” she said.