Updated Sept. 1, 2005 Print Page
Internship Program as part of the FinEng Program:
The Internship is an important part of the Financial Engineering Diploma. It is a minimum 10-week placement in an employment position. It is the opportunity for a qualified Graduate in this field of study to perform the required tasks of an employment position as a regular employee with an entry-level pay structure that matches the type of work that they might perform. Employers can expect a valuable employee for the duration of the Internship agreement. The Internship agreement is a regular employment contract between the Graduate and employer. It may be the choice of the employer to offer full-time employment to the Graduate at the end of the Internship, or, if the employment offered is full-time, the Internship requirement for the Graduate may be signed off after the first 10 weeks of the employment period.
Graduates of the Financial Engineering Program have a Master's degree in Business Administration from the Schulich School of Business or in Mathematics from York's Faculty of Mathematics and Statistics that includes in-depth study of portfolio management, derivative securities and valuation of interest rate contingent claims. Graduates have sound knowledge of quantitative methods, financial modeling, economics, numerical methods in finance and programming skills. Since the students' backgrounds vary, some may be more specialized in one of the above fields. MBA graduates also have a broad range of business knowledge due to the number of mandatory courses. (click here to see the MBA schedule) The CV of the students applying for internships will be made available to potential internship employers.
The Internship position responsibilities should include some of the following responsibilities:
Internship placements usually start in May for a minimum 10-week period. There may be Graduates ready for internships in September or January.
Graduates can provide immediate value to your organization. This is an excellent opportunity for employers to "test drive" a new employee or to test the value of a new position. Your Internship candidate may become a long-term, valued employee. This may be a good chance to get a short-term project completed by a competent professional.
How to Pay Intern:
The employer will pay the Graduate Intern. Suggested pay scale for a Graduate Intern in your company is the normal entry level salary paid to a new employee in a similar position.
How to Participate:
Contact the Financial Engineering administrative personnel at 416-736-5690 or email email@example.com.
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