VBA Internship Program

Post Monica McDearmon

The VBA is committed to providing banks with the resources needed to build and develop strong teams of banking professionals. This past summer, eight banks participated in the virtual VBA Internship Program across the Commonwealth, hosting 37 students from different colleges and universities. Based on the feedback we received from the interns at the end of the summer, 100% said that the internship made them more interested in the banking industry.

Our program is a turnkey experience for banks that don’t currently have a formal internship program and it provides resources to add enrichment and further exposure to the programs many banks already have in place. We strive to support a meaningful experience not only for the college students who participate, but also for the hosting banks. In addition to program templates and suggestions for engagement, the program includes virtual training and networking opportunities for the interns. Students who participate in the program will be awarded a certificate of completion to add value to their experience and help build their resumes.

Program Features for Bank Mentors

  • Internship Program Templates & Materials – participating in this program gives banks access to custom banking industry internship resources to include:
    • Templates for Goal & Expectation Setting
    • Syllabus & Learning Objectives Templates
    • Evaluation Templates
  • Virtual Mentor Orientation – one-day introduction and training for bank mentors. Program includes:
    • Program Overview
    • Internships Basics Presentation
    • Template & Material Review

Program Features for Interns

  • Virtual Intern Orientation – a one-day training and introduction to the summer program hosted by the VBA. Program includes:
    • Industry Introduction
    • Program Overview
    • Careers in Banking Presentation from Members of the VBA Emerging Bank Leaders
  • Additional Learning, Networking & Social Opportunities
    • Weekly Zoom meetings throughout the summer to connect with other interns and hear from industry speakers.
    • This program will include collaboration with our Emerging Bank Leaders (EBL) group for networking and learning opportunities.  The EBL connects Virginia bankers to engage them in the future of the banking industry. 
    • Opportunity to attend classes during the Virginia Bankers School of Bank Management 
    • Interns will have access to the Realworld Playbook, an online, interactive financial education platform that covers a variety of relevant topics including:
      • Personal finance
      • Health care
      • Employer paperwork
      • Student loans
      • Signing a lease
      • Taxes
      • International students

VBA’s Role Vs. Bank’s Role

VBA’s Role Bank’s Role
  • Provide program timeline, structure, training, and project suggestions to banks and interns
  • Develop and provide turnkey templates and resources for banks to use with summer interns
  • Coordinate virtual orientations and networking events
  • Provide online training options and opportunities
  • Act as a sounding board and resource for banks and interns during the internship period
  • Recruit, interview and hire interns
  • Customize the proposed program to fit the needs of your bank
  • Mentorship of interns and structuring of interns’ day-to-day duties at the bank
  • Communicate with intern and college about specific college requirements for internship (if applicable)
  • Provide feedback to VBA during internship program planning and execution

VBA Certificate of Completion

Interns who complete program requirements will be eligible for the VBA Certificate of Completion. Requirements include:

  • Complete an American Bankers Association online training course 
  • Participate in at least four of the virtual VBA events (Intern Orientation and at least three of the eight weekly Zoom meetings OR at least four of the eight weekly Zoom meetings)
  • Complete a capstone project and presentation
  • Involvement in a community support or volunteer opportunity (banks will determine specifics of this based on opportunities throughout the summer)
  • Complete the VBA Internship Program self-evaluation – an online survey will be sent to all interns directly from the VBA and survey responses will be shared with the host bank

Program Pricing

$225 per intern

Participating banks will receive a free internship job posting on the VBA Career Center upon program commitment.

The $225 per intern rate does not include the cost of ABA online training, one of the VBA Certificate of Completion requirements. Cost of the ABA online training is dependent on which course(s) banks select for their intern(s) to complete. More information on the ABA online training course options will be available at the Mentor Orientation.

Interested Students – Learn More Here!

Any students who are interested in participating in the 2022 program are encouraged to visit the VBA Career Center, create a profile and upload their resume. Participating banks will start posting internship positions to the VBA Career Center in early 2022.