The Economics Department supports students who desire to broaden their range of educational experience beyond the traditional classroom. To this end, ECON386 allows students to obtain credit for employment or internships related to their studies in economics.
Students are responsible for seeking and securing their own internships. While the Economics Department will post internship opportunities forwarded by potential sponsors, the department does not actively match students with internships. Internship announcements that are submitted to our department are posted for students on the ECON Undergraduate Blog. In addition, the University Career Center maintains a database of available jobs and internships through their Careers4Terps website. Students are also encouraged to search for internships using their own resources.
Internships must meet certain eligibility requirements (see ‘Internship Eligibility Requirements’ below) in order to be considered for ECON386. Students must submit an application in advance of the term you plan to complete ECON386 (see ‘ECON386 Application’ below for full details). You cannot earn credit after your internship is already completed – If your internship takes place during the summer, you must register and pay for ECON386 during the summer term.
If approved, students will register for three (3) credits of ECON386. For students on the Bachelor of Arts track, these credits may count towards their Experiential Learning requirement. For students on the Bachelor of Science track, these credits will count as elective credits (towards the minimum number of credits needed for an undergraduate degree). ECON386 does NOT count as an ECON 300-level course of choice. Grades for ECON386 are Satisfactory or Fail (S/F). Per university policy, Satisfactory (S) grades are not included in GPA; however, a Failing (F) grade will be. ECON386 may not be repeated.
Student Eligibility Requirements
- Student must be an economics major.
- Student must have at least 60 cumulative credits completed.
- Student must have a minimum UMD cumulative GPA of at least 2.5.
Internship Eligibility Requirements
- Academic credit will only be granted for para- or pre-professional work.
- Clerical, basic administrative office work, or internships requiring cold calling do not qualify.
- The internship must be related to a student's study of Economics in some regard.
- The internship must be completed at a well-established organization under the direct supervision of an experienced professional. Remote internships may be accepted on a case-by-case basis. We encourage you and your supervisor to read through best practices for remote internships.
- The internship cannot be at a company owned by a relative, with a relative, or with anyone who reports to a relative.
- Student must work a minimum of 135 hours during the term they are registered for ECON386 and the internship must span the full length of the term.
- Credit for ECON386 will only be given in the term during which the internship is conducted.
- Students may not use the same internship towards more than one internship/practicum course. If you are accepted for an internship course that is not listed on the approved course list please speak with an ECON Advisor.
- Students may not earn academic credit for the same internship beyond one semester.
Note: If you have any questions regarding the eligibility of a particular internship for academic credits, please meet with ECON Advising prior to accepting the position.
In order to be considered for ECON386, a student must complete the application form. Before submitting to ECON Advising, the student must completely fill out and sign the application and then obtain a signature from their internship supervisor. Students must also submit a current resume with their application form. Completed applications can be emailed to ECONadvising [at] umd [dot] edu.
The ECON386 Coordinator, along with the Director of Undergraduate Studies for Economics, will review the application and may contact either the student or the internship supervisor for additional information prior to determination of eligibility. Acceptance to ECON386 is not guaranteed and is at the discretion of the ECON Department based on the quality of the application and the eligibility criteria outlined on this webpage. If approved, ECON Advising will notify the student by email that they can register for ECON386 using Testudo.
All MUST be submitted with sufficient time in order to be evaluated prior to the last day of schedule adjustment for the current term. Applications for Summer 2022 are now open!
- For Summer 1, students must complete at least 135 hours at their internship between May 31st and July 8th AND their internship must span the full 6 weeks of Summer 1.
- For Summer 2, students must complete at least 135 hours at their internship site between July 11th and August 19th AND their internship must span the full 6 weeks of Summer 2.
The application deadline is Monday, May 23rd. Applications for Summer 2 will be accepted until July 1st, however, all students are encouraged to submit their applications by May 23rd so the ECON386 coordinator may work with them to ensure they register for the most appropriate summer term. Please contact ECONadvising [at] umd [dot] edu if you have any questions.
In addition to completing at least 135 in-person internship hours, credit for ECON386 is earned through the successful completion of several assignments. Aside from an orientation session at the beginning of the term and a resume review meeting at the end of the term, there are no scheduled meetings for ECON386. All assignments are expected to be submitted via ELMS. ECON386 assignments showcase your ability to reflect on your work experience and include:
- Progress reports
- Final reflection paper
- Letter from the supervisor
- Internship review
Failure to complete any of these assignments will result in a grade of "F." For more detailed information on these assignments, email ECONadvising [at] umd [dot] edu.
Additionally, students will be expected to attend two meetings: a brief orientation at the beginning of the term and a 30-minute resume review. For Summer 2022, the required orientation session and resume review meetings will be on the following dates:
- Summer 1: Mandatory Orientation will take place via Zoom at 4:30 EDT on Wednesday, June 1st.
Resume review meetings will take place between June 27th and July 6th. Full details will be sent to students accepted into ECON386.
- Summer 2: Mandatory Orientation will take place via Zoom at 4:30 EDT on Tuesday, July 12th.
Resume review meetings will take place between August 8th and August 17th. Full details will be sent to students accepted into ECON386.
- At the start of the term, all students enrolled in ECON386 will receive a detailed syllabus including the exact due dates of all assignments.
- Supervisors may be contacted throughout the term to verify the student's schedule, duties, and to determine how well the intern is performing his/her work.
- In case of illness, students are responsible for notifying their supervisor in advance, as well as noting in their progress report their missed work days.
Students should keep in mind that when they are at their internship they are in a professional working environment. This is a great opportunity for students to network, gain work experience, develop themselves on a personal level, and earn recommendations for future jobs/graduate school. Students are expected to act in a professional manner. While at an internship, students are not just representing themselves, but they are representing the University of Maryland, College Park and the Department of Economics.
If you have any questions about your eligibility for earning academic credit via an internship, contact ECON Advising.