Through our Internship Grant Program, Spencer aims to support tomorrow’s Risk Management and Insurance leaders through experiential learning opportunities.
Spencer provides internship grants of up to $7,500 to Risk Managers to hire interns in the risk management function of their organizations. Employers apply for grants from Spencer, and students then apply directly with the companies for internship opportunities.
TO BE ELIGIBLE, RISK MANAGERS must be based in THE UNITED STATES, Canada, or Bermuda.
Application Criteria
*The application form will close at midnight Eastern Time Zone (12:00am EST).
Timeline:
2025 Application Opens: August 15, 2024
2025 Application Deadline: October 15, 2024
Internship Grant awardees (Risk Managers) are typically notified at the beginning of December.
Description:
Through the internship program, students learn about the field in a real-world business setting where they can quickly apply what they know, respond to new experiences, and begin to develop contacts in the industry.
THIS GRANT IS GIVEN TO EMPLOYERS ONLY. Students interested in internships with a Spencer grant-funded company or organization should contact the companies directly. A list of companies receiving internship grants is posted on our website and social media channels.
EMPLOYER CRITERIA:
Eligible Employer applicants must meet and agree to the following criteria to receive grant funding:
Applicants must be practicing risk managers.
The internship position must be within the risk management function of the organization and must be centered around meaningful projects or responsibilities in risk management.
Administrative tasks should comprise no more than 25% of the intern’s time.
Internships should be a minimum of 8 weeks in duration.
Grant recipients must confirm the selection of an intern within 90 days of notification of approval or forfeit the grant.
The Spencer Educational Foundation will assist in locating an intern only if you have exhausted the search process without any results.
Once you are selected as a Spencer Internship Grant recipient, a copy of the intern’s transcript (official or unofficial) and resume must be sent to Spencer to receive the grant funding.
The entirety of the Internship grant funds MUST be applied to the intern's experience. Any remaining funds not used towards the intern's salary must be creatively applied towards beneficial professional/learning experiences. Past examples have included attendance at a local conference/event, support of a student to take a course towards a professional designation, etc. You will be asked to supply a final budget at the culmination of the internship, and a partial refund will be requested if the grant was not spent entirely on the internship experience.
If your proposal is selected, grant recipients must agree to submit a final report after the internship has ended. Interns will also be required to submit a final survey at the completion of their internship.
Named Internship Opportunities
All Internship Grant applicants will automatically be considered for one of the following Named Internship awards:
+ The Lisa Zimmaro URMIA Internship Grant
URMIA (University Risk Management and Insurance Association) is the preeminent source of innovative and effective risk management ideas and solutions to the challenges facing institutions of higher education in the pursuit of their academic, social, and economic goals. URMIA's goals include protecting the reputation and resources, both human and financial, of institutions of higher education through the incorporation of sound risk management practices into all aspects of their operations; making available the best and most complete risk management information for institutions of higher education; and providing standard-setting professional development opportunities for risk management professionals in higher education. To learn more about URMIA, visit www.urmia.org.
+ RIMS Atlanta Chapter Internship Grant
From a charter membership of twelve member companies in 1957, the Atlanta Chapter of the Risk and Insurance Management Society (RIMS) has grown to a membership of approximately one hundred member companies. The Chapter provides its membership with educational materials, conferences and seminars, the opportunity for professional advancement, and fellowship with other risk and insurance management professionals in the Atlanta area. Since 1984, the Atlanta Chapter has hosted annual regional risk management educational conferences. The proceeds from the regional conferences allow the Chapter to contribute scholarship funds both to various local Universities and national RMI nonprofit organizations. To learn more about the RIMS Atlanta Chapter, visit: www.atlantarims.org.
+ RIMS Golden Gate Chapter Internship Grant
The Golden Gate Chapter of RIMS (the Risk Management Society) serves their members throughout the San Francisco Bay area. Their mission is to promote risk and insurance management through education, intern sponsorship programs, and by influencing legislation and regulation at the state and federal levels. To learn more about the RIMS Golden Gate Chapter, visit: www.goldengaterims.org.
More Details
If you have any questions or would like additional information about our Internship Grant program, please email our External Engagement Director: Tandeka Nomvete.
To review a listing of the current Internship Grant award recipients, please click HERE.