City Internships | Update


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Summer Programs (closing soon)

We anticipate all summer programs will be full and closed to new applicants within a month (with in-person programs on course to reach capacity sooner than remote ones).

Interested students are encouraged to apply sooner rather than later:

www.city-internships.com/apply/

 

Student Aid

Interested students are encouraged to calculate (and secure) their student aid award at the earliest opportunity:

2020/21 CI Student Aid Calculator

We have replenished our Student Aid fund to a level that should comfortably provide financial assistance to every CI student for the remainder of this academic year (and perhaps the next one).

To have been able to do so, especially in times like these, is a not insignificant point of pride, joy and relief for us. Hence my lengthy and self-indulgent musings below…

 

Student Outcomes & Academic Partnerships

(TL;DR: Our funding model is unique and quite bold, has helped us survive 2020/21 largely unscathed, and, thanks to our uniqueness and boldness (and humility!), we’ve replenished and expanded our 2020/21 student aid fund and re-opened new academic partnership requests.)

As an organization spanning education, work experience, and overseas travel, we had braced ourselves for a trepidatious 12-months or so. However, though few of our peers have survived intact or at all, we find ourselves in reasonable shape, almost exclusively thanks to a now decade-old decision.

When we created CI, in 2011, on the heels of the global financial crisis, we set out to tie our funding model (and therefore professional wellbeing and survival) to the mutual employment outcomes achieved by our alumni and our partner employers.

Having witnessed the stranding of scores of new graduates, saddled with debt and no clear prospects, we wanted our as yet unproven approach to live or die based on the outcomes we helped our students achieve.

And so, rather than relying solely on tuition fees from students and their families, and thus insulating ourselves from their outcomes, as per the traditional approach, we rely significantly on funds from partner employers (who pay hiring fees if/when they convert CI interns to graduate hires).

In 2011, “pandemic resilience” did not feature on the list of reasons for us to pursue this funding model.

(We were instead motivated to produce a viable funding model that (i) made effective experiential education and career-readiness training more accessible to more students, (ii) that more equitably split the costs of experiential education between the beneficiaries (i.e. both the more aptly-skilled and employable soon-to-be graduates and those employers who helped train and received early-access to said soon-to-be graduates), and, crucially, (iii) that more closely aligned the interests and incentives of all players (us and participating students and employers) and produced a program driven by quality (of experience and outcomes) over quantity (of students).)

And yet, our unique funding model has sustained us for a lengthy period that without a regular schedule of programs – and the associated revenue streams – has felled many of our peers.

Happily, despite the pandemic, the hiring of CI alumni has continued unabated. And so has our primary source of funding.

We therefore find ourselves counting our blessings, and happy to spread them via our student aid fund.

Moreover, we increasingly find ourselves the recipient of inquiries from post-secondary educators keen to direct more attention and exercise greater influence over their students’ employment outcomes.

To that end, we are now more actively addressing new academic partners. If you would like to integrate one of our work-based training and career-readiness programs into your curriculum, please get in touch:

New Academic Partnerships Request Form


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