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Brad D. Smith Schools of Business

Compensation

Although the primary purpose of the internship program is to give a student relevant business experience in his or her chosen field, compensation during the internship experience is certainly an incentive.
Monetary compensation also helps to create the atmosphere of employment.
To date, most of the internship opportunities partnered with the internship program have provided compensation ranging from a stipend to help pay for the tuition cost of the internship to $9.00 per hour or more, depending on qualifications and class level.
Accounting Internships for course credit are required to be paid.
This fact sheet provides general information to help determine whether interns must be paid the minimum wage and overtime under the Fair Labor Standards Act for the services that they provide to “for-profit” private sector employers