Tuck to Subsidize Student Internships

The Tuck School of Business at Dartmouth College hopes to give its first-year students an advantage by offering private equity firms that hire them for the summer an added bonus in the form of a salary subsidy, the Wall Street Journal reports. With private equity firms focused on trimming expenses, and in some cases personnel, finding a summer internship in this economy can be tough going.

This special program will pay up to half of a student intern’s salary if a private equity firm or portfolio company takes them on as a summer associate, according to Colin Blaydon, who mentioned the program at a recent event sponsored by the Association for Corporate Growth’s Boston chapter, WSJ reveals.

Jonathan Masland, co-director of Tuck’s career placement office, said that the program, which is supported through a partnership between the Center for Private Equity and Entrepreneurship and the Career Placement Office, could finance up to $5,000 per internship. So far, it’s designed as a one-off program aimed at students seeking internships this summer.

“The main purpose is to give Tuck students an extra arrow in their quiver,” Masland told WSJ. Applicants looking at Tuck for next year will certainly appreciate the school’s strong show of support for students in these trying times.

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