Nearly six years ago Webster bank hired its first Southern Connecticut State University School of Business intern and kicked off an exclusive relationship that has seen 100 percent placement of each of the five interns who have gone through the Corporate Treasury Management Program.
Larry Selnick, CTP, SVP, Director of Treasury and Payment Solutions Sales Webster Bank, and SCSU School of Business Advisory Council member, proposed the paid intern program through SCSU because of its treasury management course work. “The Essentials of Treasury Management course is offered in partnership with the Association of Financial Professionals (AFP) to provide the same body of knowledge used by AFP to deliver the Certified Treasury Professional (CTP) designation training and certification testing,” Selnick said at the inception of the internship program.
The program prepares students to sit for the Certified Treasury Professional (CTP) examination to earn the Certified Treasury Professional Associate (CTPA) credential. Students with their CTPA credential are eligible to earn the CTP designation after two years of full-time finance-related work experience.
The School of Business partnership with Webster Bank provides students with financial assistance for course materials and the CTP exam, and gives students the unparalleled experience of working in the financial sector as a paid intern.
The strength of the Webster and Southern relationship can be seen in the successes of the interns, all of whom have been offered full-time jobs upon graduation and have continued to be key players in the Webster Bank organization.
Selnick says, “The Webster SCSU Internship program has been very successful for Webster. Webster has hired each intern to-date after a successful rotation in the Treasury and Payment Solutions team program. The selection process was very deliberate, and with great support from the School of Business team. The candidates presented were prepared, not just with updated resumes and practiced interview skills but also a sense of the importance to understand an organization’s Mission and Vision and how Webster supports the communities we serve. These interns have found roles in Finance, Audit, Credit, MIS and, of course, Treasury Management.”
He continues, “This speaks to the capability and preparedness of the students who graduate from the SCSU School of Business, which focuses on developing students within the ‘Change for Good’ mission statement and its emphasis on Impact, Engagement and Innovation. On a personal note, I have the pleasure to relate to each SCSU Webster intern alumni via LinkedIn and at the office. I learn from them every day!”
Dr. Ellen Durnin, dean of the SCSU School of Business, sums up the relationship by saying, “Our mission is to prepare students for the world of work and to meet the employment needs of regional organizations. Our partnership with Webster Bank provides our students with valuable professional experience, and we have been able to deliver high-quality permanent employees to Webster at the end of the internship periods. This continues to be a win-win collaboration.”
To hear more about SCSU School of Business internship opportunities, contact Patty Conte at the Business Success Center at ConteP2@SouthernCT.edu.