6 Keys to Creating a Successful Internship Program

Wealth Management - These steps can help ensure a productive, mutually beneficial internship experience.

Internships can be valuable experiences for everyone involved. Students receive an enriching, practical experience that can help launch their careers as young advisors, while sponsoring firms can use interns for simple tasks, thus freeing up advisors for more valuable work. More than just an opportunity for delegation, however, internships are also an effective hiring tool that can help both intern and firm alike. "Internships can help you avoid potential hiring mistakes that can cost your firm time and money," says Deena Katz, a professor of personal financial planning at Texas Tech University. "What's more, interns can bring a fresh perspective and welcome energy to your workplace."

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