Financial Management Scholars Program
2018 Program Dates: May 14, 2018 – August 3, 2018 (Class 1) and June 11, 2018 – August 24, 2018 (Class 2)
Now accepting applications through February 2, 2018.
The FDIC's Financial Management Scholars Program is an 11–week paid summer internship program. It gives highly-qualified college students majoring in economics, business administration, finance, accounting, or a related field (including mathematics and statistics) hands-on experience evaluating bank operations, business planning, risk management strategies, and consumer protection practices.
Scholars attend a one-week orientation session in Washington, DC, followed by 9-10 weeks of on-the-job training in one of the FDIC’s field offices. Scholars work on teams with experienced FDIC employees in their assigned field offices to ensure that banks are following safe and sound banking practices, maintaining effective internal controls and procedures, managing their institutions effectively, and/or complying with all applicable consumer protection, fair lending, and other laws and regulations. Scholars must complete an automated writing assessment during the field office assignment before returning to Washington, DC, for the program’s capstone week to share their experiences and participate in additional skills assessments. At the end of the program, some Scholars will receive post-graduation employment offers with the FDIC under the Corporate University’s Corporate Employee Program (CEP).
The FDIC seeks applicants with strong analytical and quantitative skills, knowledge of the basic principles of accounting and finance; the ability to communicate effectively both verbally and in writing, the ability to work independently and in teams, and an interest in public service.
In addition to the regular benefits offered by Federal agencies, the FDIC offers other benefits to employees on a full-time work schedule. These benefits, some at minimal cost, are among the best and most competitive in both the private and public sectors.
Extensive travel may be required. Bank examinations are conducted on-site at banks, sometimes at great distances from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for providing their own transportation to bank examination sites (public transportation may not be available).
Scholars will also be responsible for providing their own housing, but will receive a $2500 stipend (in addition to bi-weekly compensation) at the beginning of the program.
If selected, scholars will be required to serve a trial period.
- U. S. citizenship.
- Enrolled at least half-time in a bachelor’s degree program at an accredited college or university.
- Completion of the junior year with a major in economics, business administration, accounting, or related field, an overall Grade Point Average of 3.25, and a planned graduation date between December 2018 and December 2019.
- Successful completion of the FDIC’s background investigation requirements.
- Must be registered with Selective Service (males born after Dec 31, 1959).