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VIRTUAL REMOTE Internship - Econometrics Intern

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NO COVER LETTERS, PLEASE!
NO TRANSCRIPTS, PLEASE!
PLEASE ONLY SUBMIT YOUR RESUME & ANSWERS TO OUR QUESTIONNAIRE
(minimum 200 characters per response, most accepted applicants submit 5-8 sentences)

MINIMUM 200 CHARACTERS PER RESPONSE, MOST ACCEPTED APPLICANTS SUBMIT 5-8 SENTENCES, ALMOST EVERYONE SUBMITTING MORE THAN 8 SENTENCES IS ACCEPTED INTO THE PROGRAM
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Overview:
THIS INTERNSHIP IS FOR STUDENTS ALREADY WITH ESTABLISHED EXPERIENCE OR DEGREES IN ECONOMICS OR POLITICAL SCIENCE. YOU ARE REQUIRED TO RESEARCH DATA AND WRITE MINI-ECONOMIC DEVELOPMENT PROPOSALS TO YOUR LOCAL MAYORAL THINK TANKS (1 every 2-3 weeks)

This role is part of the PR team, so it's important to understand a bit about each role on that team.

Public Relations =
This team is the second line of defense for most of the teams. Communication issues are raised to PR as needed. They also control the agenda for the Marketing team. They oversee communication, both internally and externally. Depending on their experience with journalism, they may also write articles for publication. Still, it is largely a multifaceted role comprised mostly (90%) of weekly meetings with many other interns and teams and reading and listening assignments. The PR intern may also serve in the D&I role partially as well as in the Econometrics role occasionally.

Diversity & Inclusion =
The D&I role probably has the biggest social impact of any of the roles. It is a part of the PR Team but focuses internally. Our intern hiring and onboarding process is unique because we do not accept cover letters. Instead we have a unique questionnaire. Those who try to answer the questions in the questionnaire are invited to interview (a minimum of 200 characters is required per response, most interns are accepted if they write 5-8 sentences per response). One of the questions asks the intern to self-identify whether they support Black Lives Matter and why or why not and to what degree they do or do not support it. Nobody is denied participation in the internship program based on the biases in their answers. However, if biases are identified during the resume review, interview, onboarding process or at any other time during the internship, they are required to meet with the D&I intern once per week for merely 30 minutes, individually and confidentially, to discuss a unique bias per week after a reading/video/listening assignment. The program is 17 weeks long, and most interns have 1-3 biases. This role also hosts diversity cohort meetings for open discussion as well.

Econometrics =
The Econometrics role potentially has a real moderate impact on local communities. The role performs research on a local community and writes mini-economic development plans that we later attempt to publish. The program administrator is an Economic Ambassador for a local mayoral think tank.

Time commitment: minimum 5 hours per week, 120 days
Payment: see below
Benefits:
  • $100 gift (discretionary, not guaranteed) may be given to unique interns who display above average leadership skills and passion for learning
  • real projects with measured impact
  • letter of recommendation
  • eligibility for scholarship/grant for post-graduate degrees, certifications, or designations
  • reimbursement* for real estate license education, exam, registration, insurance, etc. (please inquire for details)

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Unique Disclaimers for your University:
see below for disclaimers from the following Universities:
Florida Atlantic

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Location Requirements:

This is a VIRTUAL / REMOTE internship. However, if your school requires you to visit a physical commercial location, it can be arranged for you to visit almost any Keller Williams branch that is convenient for you on a weekly basis. There is often extra space available in a friendly and professional atmosphere. If this option is used, neither that office nor its associates will be responsible for you. You will report virtually and only to Russell Bernstein.

THOSE WITH THE DESIRE TO MODERATE WORKSHOPS AND INTERVIEW PEOPLE ARE STRONGLY ENCOURAGED TO APPLY
  • time commitment is a minimum of 5 hours per week
  • all new interns are required to meet with you for 30 minutes at the beginning of the internship where you will review their participation in associations, clubs, organizations for potentially controversial activities not aligned with Diversity and Inclusion
  • new interns that you interview are also asked to self-identify on a scale of 0-17 from fully in support of Black Lives Matter to having 1 or more biases along the All Lives Matter spectrum. Those with 1 or more biases will need to meet with you weekly for as many weeks as you deem necessary
  • You will also host weekly 30 minute meetings about the 8 scales of high-context versus low context cultures, 1 scale per week, where interns from cultures at extreme ends of the scale are strongly encouraged and may be required to attend
  • there may be ad hoc projects, research, and or press releases that you can write
  • there is a great deal of flexibility in this commitment (school absolutely comes first) in terms of both flexibility in time commitment AND scope of work

Supervision/Mentorship
  • Intern will work directly with CEO who also has a MBA, which makes it possible for interns to get course credit
  • Intern will be asked to perform work on real projects with real deadlines. The challenge will not be to complete projects within a deadline but rather to communicate the intern's inability to complete some or all of a project so that it can be completed by employees.
  • Intern will speak on the phone with the CEO once a week for 1 hour and more frequently if the intern is available. Communications will also be via email and Google docs
  • Each task will be recorded in a task list that will record a variety of metrics including time spent, time to complete, etc.
  • Flexible Time commitment aligned with intern's personal and professional needs. For each task, the intern is asked to self-assign a deadline. If that doesn't work for the Supervisor, it will be assigned to another intern or the Supervisor will perform the work. THE ONLY THING that the Supervisor desires is for the intern to communicate when he or she cannot meet a deadline with as much notice in advance of the deadline as possible.
  • Internship Duration is ongoing
  • There are other interns already and others are being recruited, so there will be opportunities to take on leadership roles (like supervised training of other interns and supervised collaborative projects with interns from other universities nationwide)

Payment ($100 upon completion of the program is a gift and is discretionary, which means you might not receive it)

Course Credit (optional, not required)
  • Many universities have an independent study program or courses to help accommodate course credit for internships
  • The "independent study" course is likely 1-4 units based on the number of hours expected inside and outside the class per week. For example, a 1 unit internship would mean a commitment of 1 hour meeting per week and 1 hour of work per week
  • You likely need to get a professor at your university to sponsor your independent study. The purpose of this professor will be to approve the internship scope, activities, and goals and to help ensure that you are meeting those goals and that employers are not taking advantage of your time. Many business professors would be happy to sponsor you if you come into a meeting with them with a proposal prepared. The CEO will be happy to help you design that proposal.
  • Some universities do not require a professor to sponsor you, but they may require the direct supervisor of the employer to have a Master's degree.
  • Our CEO has a MBA, which will satisfy that requirement. Our CEO also has experience in education, both in teaching and curriculum development, as well as in coaching, once formally for the Korean National Team as well as for high school and youth sports.
  • In the case of universities without this mechanism in place, unique considerations may have to be created, and the CEO is happy to speak with your career advisor about accommodating your schools systems and protocols to get you the credit you deserve.

FLSA Compliance Notice according to USDOL Factsheet #71

  1. The extent to which the intern and the employer clearly understand that there is no expectation of compensation. Any promise of compensation, express or implied, suggests that the intern is an employee—and vice versa. THERE IS NO PROMISE OF COMPENSATION. IF YOU GET YOUR REAL ESTATE LICENSE IT IS POSSIBLE TO NEGOTIATE A COMMISSION. HOWEVER, COMMISSION IS PERFORMANCE-BASED. YOU (AND WE) EARN MORE WHEN WE SELL AND YOU ( AND WE) MAKE ZERO IF WE DON'T SELL. PLEASE CALL TO DISCUSS GETTING YOUR REAL ESTATE LICENSE
  2. The extent to which the internship provides training that would be similar to that which would be given in an educational environment, including the clinical and other hands-on training provided by educational institutions. THE PROGRAM IS HEAVILY WEIGHTED TOWARD LEARNING. 20% IS FOCUSED ON TRAINING OTHER INTERNS, EXPOSING INTERNS TO LEADERSHIP OPPORTUNITIES ONE WOULD NOT BE EXPOSED TO WITHOUT ACHIEVING DIRECTOR LEVEL ROLES IN A REAL WORLD WORK ENVIRONMENT. 40% IS FOCUSED ON REAL WORK, AND 40% IS TIME SPENT WITH ME FOCUSING ON THEIR LEARNING. ADDITIONALLY, AT LEAST 20% OF THEIR TIME IS SPENT WRITING ABOUT THE ACTIONS THEY PERFORMED. EVERY ACTION IS RECORDED IN INCREMENTS OF 30-60 MINUTES, AND EACH ACTION MUST HAVE A LEAST 200 CHARACTERS DESCRIBING WHAT THEY LEARNED. THIS DATA IS ANALYZED STRICTLY AND THOSE ACTIONS MERELY SUMMARIZING SUBACTIONS WILL NOT BE APPROVED. THE CEO HAS BOTH TEACHING AND COACHING EXPERIENCE AS WELL AS CURRICULUM DEVELOPMENT AS WELL AS A MBA. IF YOU ESTABLISH A FORMAL INTERNSHIP FOR CREDIT, YOU WILL BE GIVEN A GRADE AS PRESCRIBED BY THE UNIQUE INSTRUCTIONS OF YOUR UNIVERSITY.
  3. The extent to which the internship is tied to the intern’s formal education program by integrated coursework or the receipt of academic credit. THIS IS UP TO THE STUDENT TO ESTABLISH
  4. The extent to which the internship accommodates the intern’s academic commitments by corresponding to the academic calendar. THIS IS LEFT UP TO THE STUDENT TO DEFINE, AND OUR PROGRAM CAN BE TIED TO IT OR ALLOW FOR THE FLEXIBILITY TO DO MORE OUTSIDE OF IT. WE CAN ALSO ACCOMMODATE LAST MINUTE AND EARLY STARTERS WHEREBY THOSE STARTING LATE (FOR EXAMPLE AT A UNIVERSITY REQUIRING 120 HOURS IN 15 WEEKS BUT STARTING IN WEEK 10, THE PROGRAM ALLOWS THE STUDENT TO KEEP TRACK OF ONGOING WEEKLY PERFORMANCE IN AN EFFORT TO ACHIEVE THAT GOAL.
  5. The extent to which the internship’s duration is limited to the period in which the internship provides the intern with beneficial learning. THIS IS LEFT UP TO THE STUDENT TO DEFINE. THE PROGRAM IS 120 DAYS. HOWEVER, SOME INTERNS DECIDE TO STAY LONGER. THE PROGRAM IS ALSO ONLY A MINIMUM OF 5 HOURS PER WEEK UNLESS OTHERWISE PRESCRIBED BY THE UNIVERSITY OR OPT OR CPT STATUS REQUIREMENTS.
  6. The extent to which the intern’s work complements, rather than displaces, the work of paid employees while providing significant educational benefits to the intern. MORE THAN 50% OF ANYTHING CONTRIBUTED BY THE INTERN IS REDONE BY THE CEO. THE FOCUS OF THE INTERNSHIP IS ON 2 THINGS. FIRST, THE INDUSTRY OF BUSINESS BROKERING IS SO SMALL THAT IT IS NEARLY IMPOSSIBLE TO RECRUIT EXISTING BUSINESS BROKERS WHO LARGELY WORK INDEPENDENTLY. THEREFORE, THE PRIMARY FOCUS OF THE INTERNSHIP PROGRAM IS A RECRUITING MECHANISM TO EXPOSE THE INTERNS TO A POTENTIAL FUTURE CAREER IN BUSINESS BROKERING AND THUS THE POSSIBILITY THAT IT MIGHT BE A SUITABLE FIT FOR THEM AND SPECIFICALLY VIA THE DEVELOPMENT WITHIN THE CEO'S PROGRAM. THE SECOND MAJOR REASON IS THE LONG TERM RELATIONSHIPS THAT THE CEO WANTS TO DEVELOP WITH GRADUATES WHO MAY BE INTERESTED IN RETURNING TO THE CAREER IN THE FUTURE OR MAY SIMPLY BE A GOOD REFERRAL PARTNER IN COMPLIMENTARY CAREER PATHS
  7. The extent to which the intern and the employer understand that the internship is conducted without entitlement to a paid job at the conclusion of the internship. THE INTERN IS NOT ENTITLED TO A JOB AT THE CONCLUSION OF THE INTERNSHIP. EVEN IF AN INTERN GETS A REAL ESTATE LICENSE, THEY MUST STILL INTERVIEW WITH THE CEO'S BROKER OR WITH A BROKER IN THE INTERN'S CHOSEN STATE OF LICENSURE

Unique University Disclaimers:

Florida Atlantic
If the student is interested in receiving academic credit, please contact the FAU Career Center. The FAU Career Center can provide advice on enrolling in the FAU Career Center's Professional Internship Course or will refer to the student's academic department if this is a better option.