How many credits can I get for an internship? The typical internship is for 3 credits. A student can receive up to 12 credits per semester depending on the number of hours worked and the level of internship responsibilities. For a 3-credit internship, you will need to work a minimum of 50 hours per credit per semester which would be 150 hours. 4-9 credits can be earned by students who have made significant progress in their respective degree and complete the required additional hours. The internship must require a higher level of skills commensurate with advanced academic requirement. Internships in excess of 3 credits will be required to complete additional coursework as part of the internship reflection. Full time internships may be taken for 9-12 credits. Students are limited to a total of 12 business and accounting internship credits
I’m currently working for a company. Is it possible to receive internship credits for my current job? In order to receive credit for an internship, the three elements of meaningful work, supervision and reflection must be met. If you are currently working in a job, it is possible to earn internship credits if your job duties meet the requirements in the semester in which you are registered for internship credits.
I’ve already completed an internship, is it possible to register for internship credits now? No. Retroactive internship credit is not possible.
How are Internships graded? Internships are graded on a Pass/No-Credit basis and count as elective credits only. Coursework reflecting on the internship learning experience must be completed in addition to the necessary work hours. Your supervisor must complete an online evaluation form. This evaluation will be used to determine whether or not you have met the expectations of your supervisor.
Are internships paid? Most firms offer paid internships. For profit companies must meet Department of Labor requirements if they use unpaid interns. Internships under Fair Labor Standards Unpaid internships in the public sector and for non-profit charitable organizations, where the intern volunteers without expectation of compensation, are generally permissible.
Do full time accounting internship credits count towards the 150 hour requirement to sit for the CPA exam in Wisconsin? Yes