SternWorks Program
NYU Stern has created the SternWorks program to help fund summer internships in a diverse array of post-MBA career areas.
Program Guidelines
As a SternWorks award recipient, first-year full-time MBA students are eligible for a salary supplement for their 10-week summer internship, up to a total of $10,000 (including minimum employer compensation). Through the SternWorks program, students can work with companies despite limitations that meet the criteria outlined below:
Social Enterprise |
Startup |
Early-stage PE/VC |
|
Must meet one of the following designators:
● Hold 501c3 tax status (non-profits)● Be a government entity ● Hold B Corp certification |
Must meet all of the following designators:
● Are operational and funded/financed
● Between 5 and 200 employees ● Less than $25M in revenue |
Must meet all of the following designators:
● Have <$50m in assets under management● Have between two and five full-time investors |
| Minimum employer contribution (30%) $3,000 per 10-week internship |
Minimum employer contribution (50%) $5,000 per 10-week internship |
Minimum employer contribution (50%) $5,000 per 10-week internship |
Host company responsibilities
● Pay at least the funding minimum based on organization (listed above)● Commit to having a senior leader mentor and work with student on a regular basis
● Clearly define student responsibilities up front. Host must provide written confirmation (i.e. offer letter) of alignment with SternWorks. Confirmation must include
a. Fellowship are full-time, defined as a minimum of 35 hours per week
b. Number of weeks working and/or dates of employment (minimum 8 weeks)
c. Confirmation of the organization meeting SternWorks criteria
d. Confirmation of organization’s commitment to meet the stipend requirement
b. Number of weeks working and/or dates of employment (minimum 8 weeks)
c. Confirmation of the organization meeting SternWorks criteria
d. Confirmation of organization’s commitment to meet the stipend requirement