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About the Summer Fellowship Program
Get a job at a startup this summer and the Lang Center may supplement your salary.
The Summer Fellowship Program enables rising second-year CBS students to gain experience working as Student Fellows in a startup environment over the summer while obtaining a salary supplement from the Lang Center.
Student Fellows will contribute their expertise to early-stage organizations. Employers are expected to construct a worthwhile summer experience for the Fellow.
Students can begin submitting applications on or about March 25, 2019.
Applications will be accepted on a rolling basis through May 15, or until funds are no longer available.
What qualifies as a host company?
- Host companies:
- Are operational and funded/financed
- Have more than five employees, but fewer than 200
- Generate under $25M in revenue
- Consulting, research, brokerage, or investment funds/companies do not qualify
- Fellowship must take place on location (no remote jobs)
- Fellowship must be full-time, defined as a minimum of 35 hours per week
- Preferably one stipend is given per company, per summer
What are the host company’s responsibilities?
- Company to pay a minimum of $400 per week (subject to discussion)
- Student Fellow responsibilities must be clearly defined by employer up front
- One host company senior executive must mentor and work with Student Fellow on a regular basis
- Operational function or exposure to operational functions preferred
- At the end of the Fellowship, the host company will provide feedback about the Program and the Student Fellow’s impact on the organization
What are the Student Fellow requirements?
As interest is expected to exceed availability, we look for students who meet the following criteria. However, all applications will be considered on a case-by-case basis.
- Must be a Columbia Business School student who will have completed at least one term of MBA courses by summer and will return to CBS after the internship
- Applicants must have a full-time summer position offer with eligible organization before applying for Fellowship
- Preference will be given to students who have demonstrated interest in careers at early stage companies through course selection, participation in clubs, fall and spring term internships, etc.
- Students may NOT apply for the Tamer Center for Social Enterprise Grant concurrently with the Lang Center Summer Fellowship
- Part-time work during the summer is not eligible for funding. Students Fellows are expected to work minimum 35 hours per week.
- Mini-Fellowships: January-term and EMBA students enrolled in courses during summer semester are eligible to receive funding for mini-fellowships lasting 2 weeks or more, assuming funds are still available.
Mini-fellowships might involve performing market segmentation, conducting independent budget or financial plan analysis, researching technology solutions, etc. Students participating in mini-fellowships are subject to identical guidelines, responsibilities, and expectations as other Student Fellows, and should use the application below.
What funds are available?
The Center may match the student's salary up until a ceiling of a total salary of $1,000 per week during the summer period. For example*:
- If student earns $400 per week, Center will match this minimum required amount of $400 per week, resulting in a total compensation of $800 per week
- If student earns $500 per week, Center will contribute $500 per week, resulting in a total compensation of $1,000 per week
- If student earns $600 per week, Center will contribute $400 per week, resulting in a total compensation of $1,000 per week
- If student earns $700 per week, Center will contribute $300 per week, resulting in a total compensation of $1,000 per week
- If student earns $800 per week, Center will contribute $200 per week to reach the ceiling amount and total compensation of $1,000 per week
*Please note, the above numbers are shared to guide the creation of your negotiated salary amount as it relates to what the Lang Center may supplement. Actual numbers of what the Center may supplement will vary depending on your negotiated salary which must be a minimum of $400 per week and which must be capped at $1000 in total compensation from the employer and the Lang Center.
Students can submit applications starting on or about March 25, 2019. Applications will be accepted on a rolling basis through May, or until funds are no longer available.