The Federal Reserve Bank of Boston and the Greater Boston Chamber invite your organization to participate in internBiz Boston, a free seminar to learn how to build an internship program. This event will be held on Wednesday, November 20 from 7:30 a.m. – 9:15 a.m. at the Federal Reserve Bank of Boston at 600 Atlantic Avenue. Light breakfast will be served.
As part of our continuing effort to promote internships as a talent retention tool, this event will emphasize the value of interns and explore the many tools available to help your organization create an internship program. You will also receive advice and accompanying materials so that you can have interns as early as this spring or summer.
Please register here for this event.
This seminar is part of a larger initiative led by the Boston Fed and the Greater Boston Chamber to promote a strong workforce in the region. We thank you in advance for your support and participation.
Today, The Internship Collaborative, a partnership led by the Federal Reserve Bank of Boston and the Greater Boston Chamber of Commerce, announced the launch of http://internhub.com
— a free website open to all students, employers, and college career counselors in Greater Boston. The platform is the latest innovative strategy co-led by the Boston Fed and the Chamber to improve talent retention in the region.
“Greater Boston is home to many top institutions of higher education, which collectively attract to our region thousands of students from around the world each year,” said Paul Guzzi, President & CEO of the Greater Boston Chamber.
Yet, research conducted by the Boston Fed shows that New England has a very low graduate retention rate compared to other regions. Studies further reveal the primary reason talented students leave is the misperception of limited job opportunities in the area.
“We need to do more to retain these talented individuals and expand our workforce to remain competitive in today’s global economy,” said Guzzi. “That is why the Chamber and the Fed—under the umbrella of The Internship Collaborative—have decided to expand our work in this area through the Intern Hub platform.”
Accessible from any web browser or mobile device, Intern Hub provides students with access to thousands of local employers, permits companies to search for talented students, and enables career counselors to facilitate these connections. Intern Hub builds on the success of the Chamber’s earlier website, Chamber Intern Connect.
“The Boston Fed is delighted to partner with the Chamber on this groundbreaking approach to talent retention,” said Ken Montgomery, Boston Fed First Vice President & Chief Operating Officer. “The research clearly shows that students are unaware of the tremendous job opportunities available to them in the area. Through Intern Hub, we aim to bridge this divide by connecting students and employers before graduation.”
Through Intern Hub, employers can upload job descriptions, sort applications, schedule interviews, and send private messages to candidates. Students can use the site to upload or build resumes, search for paid and college-credit internships, research employers, complete personality assessments and questionnaires to find the “right fit,” and take advantage of career development advice. The platform also enables college counselors and faculty to help students find internships in the area.
Made possible by The Internship Collaborative, Intern Hub is powered by Internships.com, a CareerArc Group company that also supports the White House’s 2013 Youth Jobs+ initiative.
CLICK HERE TO POST YOUR INTERNSHIP OPPORTUNITIES TODAY.
The Chamber and the Federal Reserve Bank of Boston have been working together to help increase talent retention in the Greater Boston region. As a result of that effort, Chamber Intern Connect was created and offered exclusively to Chamber members. We are pleased to announce that in early October, we will be expanding and improving this platform, which will now be known as Intern Hub.
Intern Hub is a free portal for students, employers, and career counselors in the Greater Boston area. This portal offers an interactive internships job board and custom resources. It gives students unprecedented access to thousands of employers within Greater Boston, and enables companies to easily search for the area’s best new talent.
Intern Hub is brought to you by The Internship Collaborative, a partnership led by the Federal Reserve Bank of Boston and the Greater Boston Chamber of Commerce. We hope this site will help students and employers to connect, build relationships, and make the most of local internship opportunities.
Stay tuned for more information on how to post internships and find new talent for your organization on Intern Hub.
Internships can play crucial role in local economy
CEO, Massachusetts Clean Energy Center
Each day at work I pass a bank of desks filled with college students busy at work. Above them painted on the wall is the quote: The best way to predict the future is to invent it.
My back to school advice for business leaders: Hire an intern and drive the future.
Twice a year we welcome a new batch of MassCEC interns. They lead projects, participate in meetings and conduct industry research. They staff events, acting as ambassadors of our organization. We challenge them to share their opinions and take on big responsibilities. We couldn’t do our work without them. For them, it’s a chance at real-world business experience, without slinging coffee. For us, it’s a significant resource and an opportunity to help lift up a new generation of workers.
Mentoring young workers is amazing. They bring an invigorating energy and enthusiasm to the office. Their ideas are fresh, their outlook unique. I’ve seen how interns can inspire seasoned employees to elevate their work.
Massachusetts is an innovation-driven economy, a hub of entrepreneurship. Local companies are competing on a global scale and the Commonwealth is leading the way in the clean energy industry. The good news for tech companies is the Massachusetts pool of students is unmatched.
The clean energy business community constantly tells us about their need for skilled workers in their growing industry, which expanded by 11.2 percent last year. Internships retain and nurture young talent by plugging these students into careers waiting for them here when they graduate.
In 2011, thanks to the initiatives of the Patrick Administration, we launched the Massachusetts Clean Energy Internship Program, a joint effort with the New England Clean Energy Council (NECEC). First acting as matchmaker to a pool of intern applicants and companies, we then pay the interns to do the work. The program is so popular we expanded it this year from a summer-only program to year round. So far we’ve placed 328 interns at more than 110 Massachusetts companies. Forty of them were offered jobs at their host companies. We’ve hired three of our own former interns. Our fall internship program is open now but it will fill up fast.
Thankfully we’re not the only ones in the internship game. The Massachusetts Life Sciences Center and the Massachusetts Technology Collaborative also have programs that fund internships. The Greater Boston Chamber of Commerce with the Federal Reserve Bank of Boston is working to coordinate internship programs across Boston-area employers.
A culture of innovation starts from the ground up. Tap into the river of talent that flows into Massachusetts each semester and you’ll give our brightest students a chance to invent the future.
Chamber Members: You are invited to participate in the Tufts Career Fair at a discounted rate!
The Tufts Career Fair, their largest recruiting event of the year, is offering Chamber Intern Connect Users a discounted rate to participate if you register before August 23rd.
Over 1,000 students from all Arts, Sciences, and Engineering majors attend the event, and 100 – 150 companies participate, recruiting students for internships as well as full-time jobs.
Tufts Career Fair - Friday, September 27, 2013, 12:30 - 3:30 PM
Gantcher Center, Medford, MA
Register via Jumbo Jobs
Questions? Please contact the Career Center: 617-627-3299
Chamber members looking to hear more about the opportunities available to them please contact Kristin Casasanto at Kristin.Casasanto@tufts.edu or 617-627-2304
Thinking about turning your current internship into a full-time job? We would love to help, and so would Jacquelyn Smith of Forbes, who wrote this article on doing just that. Below are excerpts from the article that might be applicable to you:
"Internships are a great opportunity to test out a company and determine whether you’d want to work there full-time. The most successful interns view their short-term opportunities as more than just a summer gig. 'They treat an internship as a 10- to 12-week job interview,' says Alex Taylor, a human resources executive at [Chamber member] Bank of America.
How do you pull that off? First, act the part. Adhere to your company’s dress code and office hours. Model your wardrobe after those of senior-level colleagues. Never wear flip-flops, show cleavage or wear anything that’s ripped or torn. Treat everyone you meet with respect and professionalism, and don’t badmouth co-workers. Leave your personal life at home.
Within the first week of starting your internship, make an appointment with your manager to establish goals. Discuss projects you’d like to tackle and specific skills you hope to gain over the summer. Always have a positive attitude about the work, however menial it may seem. 'Not every task you’re going to do is something you’ll enjoy, but have the attitude that these are building blocks to your career,' says Tom Musbach, a former Yahoo producer and editor. 'Once you show you can be trusted with small tasks, managers will give you more responsibility.'
Don’t be shy about asking questions, especially if you need clarification on an assignment. Carry a notebook with you at all times. 'While it’s important to treat your internship as a job interview, it’s also important to make it a learning experience coupled with self-exploration,' says Holly Stroupe Vestal, a human resources manager at Bank of America who was hired for a full-time job after her own internship. 'Don’t be afraid to ask questions. It’s a great way to show your level of engagement and connect the dots. It also will help you obtain a rounded, realistic preview of a prospective employer and job, so you can make an educated decision about your career options down the road.'
Be assertive. Don’t overextend yourself, but raise your hand when a manager asks for help. Don’t just stick to your department, either; volunteer to work in other areas of the company so you get an overview of as many as possible. Prove that you can meet the responsibilities of holding a full-time job.
To avoid spinning your wheels and wasting time, make sure you’re on the same page as your manager. After you’ve met with him or her to discuss a particular project, take the time to carefully think through the problem before racing ahead on the work. 'Then go back to your manager the following morning and check your understanding of the challenge and how to best approach it,' says Chris Bierly, the head of North American associate consultant recruiting at Bain & Co. 'It’s important to get out of the blocks fast, but first you want to make sure you’re holding the baton.'
Use your internship as an opportunity to network with senior leaders and your fellow interns. They are all vital contacts who can serve as references, recommend you for a job, and alert you to positions at other companies. Most businesses host intern events throughout the summer to encourage networking. Attend all of them. If the company has a softball team, join it. Talk to your colleagues to find out all you can about the company and what they like and don’t like about working there.
Throughout the summer, keep a record of the new skills you’ve acquired and the assignments you’ve completed. 'They’ll be great building blocks for your résumé,' says Musbach. Save any complimentary e-mails or notes, too, to get ideas for potential references.
Before the summer ends, get your colleagues’ contact information and send thank-you notes. Network with them throughout the year by sending casual e-mails asking them about their work. If you performed well over the summer, they’ll think of you when a job opens up. As Chris Bierly observes, 'Applying for a job is a mutual courtship.'"
Dave Kerpen, CEO of Likeable Local, has shared with his readers "The 1 Thing You Must Do In Every Job Interview." You can read his full article here, on LinkedIn (if you aren't already on LinkedIn - it's time, begin building your career and your network.) Here is an excerpt from Dave's article that we believe all of our interns should read:
"The most important thing you must do in every interview is to ask great questions.
The key is to ask great questions- not to ask questions that you should know the answers to already (“What does the position entail?) or questions that make it all about you (“What is your vacation policy?”)
Here are 9 great questions you can use or make your own on your next job interview. Obviously they're generic and should be tailored based on circumstances:
1) Who would make the ideal candidate for this position?
2) How will the work I’ll be doing contribute to the organization’s mission?
3) What were the best things about the last person who held this position?
4) What are three ways I can contribute to the company beyond the job description?
5) How can I best contribute to the department’s goals?
6) How do you see me best contributing to the corporate culture and morale?
7) What do you see as the biggest challenges of working here and how can I overcome those challenges?
8) What is your vision for where the company or department will be in one year? In 3-5 years?
9) How can I best help you and the team succeed?
Of course, the more research you do in advance, the more you can ask specific questions about the company’s recent news, blog posts, product launches, plans, etc. But here’s the bottom line:
Ask questions that demonstrate genuine interest in the organization and how you can fit in to their success."
If you are an intern in the Greater Boston area, join our LinkedIn group today and network with your peers! Please use the QR code below or search "Beantown Buzz" using LinkedIn's group section:
In a recent Businessweek article, Chamber members- Northeastern University and Boston College, were both ranked in the top ten best undergraduate business schools for internships with NU ranking first in the country. Read the full artcile here:http://www.businessweek.com/articles/2013-04-01/undergrad-ranking-top-b-schools-for-internships or see below for excerpts:
"When it comes to hiring undergraduate business students, employers look for a few things. Good grades are important, as is campus involvement, preferably with a leadership position or two. But the most valuable section on the résumé is work experience, which, for a college senior, most often comes in the form of an internship or co-op.
When Bloomberg Businessweek started ranking undergraduate business programs, in 2006, only 55 percent of students reported having at least one business-related internship. For the Class of 2013, that number has jumped to 73 percent, and at many schools, it’s much higher. Today we look at the 10 undergraduate business programs where the most students boast that highly valuable internship experience, led by Northeastern University’s D’Amore-McKim School of Business.
For more than a century, Northeastern has offered a cooperative experience, or co-op, program in which students get at least a year of relevant work experience before they graduate, broken up into two or three six-month cycles. The business school works with more than 600 companies, including General Electric (GE), PricewaterhouseCoopers, Staples (SPLS), and Ernst & Young, to make sure each student who wants a co-op gets one. Co-op cycles run from January to June and July to December. Most students graduate with at least two.
Thanks to the program, 97.5 percent of business students at Northeastern will graduate with some work experience, according to a recent student survey administered by Bloomberg Businessweek. “The co-op program is one of the most significant advantages that Northeastern students have over students of other universities,” says Joseph Bocccardo, a senior business student at the school who has had co-ops at IBM (IBM) in Costa Rica and at the digital marketing agency Greater Than One in Madrid, Spain. “Not only does it enable us to graduate with more than a year’s worth of real work experience, but it provides us with a significant base of connections in our professional network and starts us out in the job market with plenty of interview practice under our belts.”"
Top Undergrad Business Programs for Internships
||North Carolina (Kenan-Flagler)
||Boston College (Carroll)
||Ohio Northern (Dicke)
Last Monday the Federal Reserve Bank of Boston and the Greater Boston Chamber of Commerce held the "Beantown Buzz: Make that NetWORK" event in the Fed's Connolly Center. There were over 150 interns in attendance, representing many diverse companies in the greater Boston area.
Interns at the event were able to learn the importance of networking, how to network, and how to turn that network into a full-time job. The day included two different panels including, "Getting the most out of your internship" and "Six months until graduation." Among the speakers were President & CEO of the Chamber, Paul Guzzi, First Vice President and COO of the Fed, Ken Montgomery, and representatives from Bentley University, John Hancock, and PwC.
We want to thank all of the people who helped make this event a success, including those employers who saw the value in the opportunity for their interns. We will look forward to working with you all again for future Beantown Buzz events.
For those interns in attendance that day, we welcome you to join our Beantown Buzz LinkedIn group to help you continue to build and sustain the connections you made at that event. Please use the QR code below or search "Beantown Buzz" using LinkedIn's group section:
To view photos from that event, please feel free to browse, here.
Northeastern University is offering all Boston-area interns housing on their campus.
Interns in the greater Boston area who need access to housing for their summer internships have a great opportunity to live on-campus at NU. This opportunity is NOT just for students of NU (they have housing opportunities through Department of Housing & Residential Life), but IS for any students working at internships in the greater Boston area.
Please see this link for more information: http://www.northeastern.edu/conferences/intern/index.html
- Intern must be 18 years of age or older at the time of move-in.
- Enrolled as a matriculated student at an accredited college or university (Enrollment verification is required).
- Employed in an internship or supervised research program in the Boston area (Written verification is required).
Please contact Steven at SummerHousing@Neu.Edu for more information.