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April 27, 2020 at 02:51 PM
Cambridge Investment Research says its 27 college interns will work remotely this summer due to the coronavirus. Its yearly 10-week program, The Next Step, is a paid program launched in 2012.
“Cambridge’s purpose and values continue to drive its approach in navigating the impacts of the COVID-19 pandemic, and the firm is focusing on working with its interns and associates to create a valuable, energized experience for everyone in spite of the challenging environment,” the broker-dealer said in a statement.
The news from the Fairfield, Iowa-based broker-dealer comes about 10 days after the XY Planning Network launched a virtual internship program to link students with its 1,170 advisors.
Its interns will be employed by a mix of departments, such as technology, marketing, human resources and operations. Close to 30% of students who completed the internship program in the past were hired as Cambridge employees; some become financial advisors.
