In today’s competitive job market, students and young professionals are looking for more than just a paycheck. They want purpose, development, and a chance to contribute. In the US, 57% of college students participated in at least one internship during their studies. 70% of students who complete internships receive at least one job offer afterward —underscoring how internships are a powerful springboard to career launch. 

How Financial Institutions Can Support Internships 

As leaders in their communities, banks, credit unions, and other financial institutions are uniquely positioned to offer internships that matter — ones that go beyond busy work and build future-ready skills. Here’s why it matters to your business, too: 

1. Talent Pipeline Development: Creating meaningful internships is a long-term investment in your workforce. By engaging local students early — especially those in high school or college — you’re cultivating a pipeline of future employees who already understand your values and operations. 

1. Brand Reputation and Trust: Consumers expect financial institutions to be community leaders. By offering internships that include financial literacy training, mentorship, and skill development, your brand becomes a trusted partner in youth development and economic mobility. 

1. Workforce Diversity and Inclusion: Intentional internships that target underrepresented groups help expand access to financial careers. This strengthens your internal culture and better reflects the communities you serve. 

The ROI of Investing in Internships 

A robust internship program isn’t just good for the community—it’s good for business. Companies that invest in meaningful internships see: 

• Higher full-time conversion rates: Interns who feel valued are more likely to accept offers and stay longer. 

• Reduced hiring costs: Early exposure means less time spent recruiting and onboarding. 

• Increased innovation: Young talent brings fresh ideas and new perspectives. 

How EVERFI Helps Create Impactful Internships 

EVERFI partners with financial institutions across the country to build education-based community impact programs that align with business goals. Our platform makes it easy to: 

• Deliver Financial Education to Interns: Digital financial literacy lessons can be embedded directly into your internship program, giving students foundational knowledge in budgeting, credit, investing, and more. 

• Align with Workforce Development Goals: We help you integrate soft-skill building into your internship experience — including modules on career readiness, communication, and goal setting. 

• Measure and Report Impact: Our data dashboards give you real-time insights into participation, knowledge gain, and behavioral intent — making it easy to share results with internal stakeholders or meet CRA requirements. 

Internships are no longer a “nice-to-have” — they’re a strategic lever for workforce development, financial literacy, and brand trust. As a financial institution, you have the opportunity — and the responsibility — to create internships that matter. 

If your organization is ready to create or enhance an internship program that combines career readiness with financial education, we’d love to help. Contact us to get started.