What is the program?

As students embark on their internship journey, we understand that navigating the associated costs can be a significant challenge. To help alleviate these pressures and ensure they can fully engage in their roles, we are proud to offer comprehensive financial support through our Intern Success Grants program. These financial resources are designed to cover essential aspects of a student’s internship experience, empowering them to focus on growth, learning, and making meaningful contributions to the company.

What do the grants cover?

Below is an overview of the key areas the program addresses, ensuring students have the tools and support needed for a successful internship:

Housing:

• Financial support is available for temporary housing near the internship site, making it easier to settle in and concentrate on the role without the burden of a long commute.

Transportation:

• Assistance is provided with commuting costs or public transportation passes, ensuring reliable travel to and from the work site to fully engage in the internship.

• Additionally, funding is available for flights to the city of the internship and back home, facilitating smooth travel arrangements and easing the transition for students relocating for their positions.

Clothing:

• Financial support is available for business attire suitable for a corporate environment, ensuring students are well-prepared to present themselves professionally during the internship.

Technology:

• Funds are accessible to purchase essential software or hardware, such as laptops or cellphones, equipping students with the necessary tools to perform tasks effectively and efficiently.

Miscellaneous Project Expenses:

• Costs related to research, data analysis, or creative projects that are integral to the internship can be covered, allowing students to focus on delivering high-quality work.

Mentorship and Other Support:

• Students in this program have access to mentorship and support from Spencer staff members, providing a safe space to address any concerns or questions they may be hesitant to ask their supervisors. This supportive environment encourages open dialogue and helps students navigate any challenges they may encounter during their internship.

Why support this program?

Spencer’s Intern Success Grants offer vital financial support that empowers interns to truly flourish in their roles. Without these grants, many students would struggle to afford the opportunity to accept or successfully complete an internship, missing out on valuable experiences that shape their futures. This assistance not only allows them to gain enriching experiences but also helps lay a strong foundation for their careers within the Risk Management & Insurance industry. We invite donors to partner with us and embark on a transformative journey that can shape your interns’ professional paths and open doors to new possibilities.

Donor Benefits

• Impactful Contribution: Donors play a crucial role in supporting the development of future RMI professionals by providing the necessary financial resources that help interns thrive during their experiences.

• Measurable Outcomes: Donors receive reports and updates on the interns' progress and success, demonstrating the tangible impact of their contributions and allowing them to see how their support is making a difference.

• Enhanced Brand Recognition: Donors can increase their visibility and enhance their brand reputation by being associated with a program dedicated to empowering and supporting young talent, demonstrating a commitment to corporate social responsibility.

• Networking Opportunities: Being a part of this initiative offers donors potential networking opportunities with other businesses and organizations involved in supporting interns, fostering collaboration in the RMI community.

• Employee Engagement: Supporting this program can enhance employee morale and engagement, as colleagues will feel proud to be part of a company that invests in the growth and development of the next generation.

• Tax Benefits: Contributions to the program are tax-deductible, providing financial advantages for donors while supporting a meaningful cause.

• Legacy Building: By contributing to Spencer’s program, donors can establish a lasting legacy that supports educational and professional development, benefiting interns long after their contributions have been made.

Partnerships

Spencer is proud to collaborate with the remarkable companies listed below in this heartfelt initiative, dedicated to uplifting and supporting interns. Together, we are committed to fostering growth, empowerment, and a brighter future for students pursuing careers in the Risk Management & Insurance industry.

More Details

If you have any questions or would like additional information about our Intern Success Program, please email our Director of External Engagement, Tandeka Nomvete.

Student Testimonials

“I am incredibly grateful to have been a part of Spencer's Internship Success Grants Program. During my time in college as a Psychology major, I discovered the fascinating world of Insurance. This exposure opened the door for me to secure an internship with Allied World.

Thanks to Spencer’s iCon University Program, I had the unique opportunity to travel across the country and participate in various industry conferences, where I also had speaking opportunities to share my insights. I regularly participated in Spencer's Virtual Campus, which further enriched my knowledge and contributed to my professional development. All these opportunities culminated in me being able to secure a full-time position with Allied World in their Underwriting Trainee Program upon graduation!

I wholeheartedly thank Spencer and Allied World for their unwavering support throughout my academic journey, which has been instrumental in shaping my career path. I truly appreciate everything they have done to help me reach this milestone.”

— Jada Bell, Student, Arizona State University