Ag Banking Internship

What our interns do

FCA examiners examine the banks and associations we regulate to make sure they remain safe and sound and comply with the laws and regulations that apply to them.

As an FCA intern, you would work from one of our five offices. (See the map for locations.) During your internship, you would travel with a team of examiners to a financial institution to participate in a credit examination and at least one compliance examination. Working with other interns as a group and interacting with staff from the institution you’re examining, you would finalize the results of the examination.

As an FCA intern, you would learn about FCA and the Farm Credit System, the network of cooperative financial institutions that we regulate.

What our interns learn

You would learn about important topics in the banking industry, such as commodity concentrations and other factors that may increase risk to an institution. You would learn about actions the board and management can take to manage those exposures. You would also learn about the five credit factors (character, capital, capacity, collateral, and condition) we use to evaluate the risk to which a loan may expose an institution.

And you would have the opportunity to hone critical business skills like these:

• How to communicate effectively in person and in writing
• How to work in a team environment
• How to manage your time so you can complete projects and meet deadlines

Qualification requirements

Requirements you must meet to qualify for an FCA internship:

• Graduate not before August 2024 but not later than June 2025.
• Be available to start work by mid-May but no later than mid-June 2024.
• Be available to work through at least the first week in August 2024.
• Be a U.S. citizen.
• Be willing to travel during the week.
• Be at least 18 years of age.
• Certify that you have registered with the Selective Service System or are exempt from having to do so. (This requirement only applies to males born after December 31, 1959.)
• Be enrolled, or accepted for enrollment, as a student in an accredited educational program pursuing a degree in a qualifying field. (See table below.) If you are pursuing a graduate degree, both the undergraduate and the graduate degrees must be in a qualifying field.
• Have a cumulative GPA of 2.95 or better on a 4.0 scale

Salary and benefits

Interns receive a starting base annual salary of $37,395. A locality pay adjustment (similar to a cost-of-living adjustment) is added to this amount. The locality pay ranges from 26.87 percent to 32.99 percent of your salary, resulting in a starting salary of $47,443 to $49,732, depending on your office location. Please note that you must receive your paycheck as a direct deposit.

Interns also receive the following benefits:

• You will earn four hours of sick leave and four hours of annual (vacation) leave per pay period (every two weeks).
• You will be paid for holidays that fall within your regularly scheduled workdays.
• You are eligible for a transit subsidy.
• You may be eligible for health benefits.
• You may be eligible for a stipend.

Please note: FCA does not provide housing for interns or living expenses.

Source: https://www.fca.gov/