College students seeking an internship with the U.S. Securities and Exchange Commission (SEC) are in luck — the regulator has opened the call for applications for the Scholars Program for Fall 2023.
The SEC seeks “student interns” for its business and law programs, with the business program paying between $15.09 and $28.83 per hour for an internship at its Washington headquarters.
The lowest rate range published for the business program is below the current Washington, DC minimum wage of $16.10.
However, as a general rule, most firms in the US are not required by law to pay interns if the employment relationship satisfies the “primary beneficiary criterion” set out in the Fair Labor Standards Act.
The SEC’s legal program also pays more generously, with rates for both its regional office and the Washington, D.C. office advertised from $23.47 to $35.27 an hour.
Programs are designed for currently enrolled undergraduate and graduate students to participate in 10-week internships that begin on August 28 and end on November 3.
Both programs are open in other US states to regional regulator offices in locations such as California, Colorado, Florida, and Georgia, according to job postings.
As part of the application, interested individuals must select the lowest pay level they are willing to accept for the position.
Related: Crypto developers should work with SEC to find common ground
The post says the SEC is looking for those who study blockchain, distributed ledger technology, computer science, or cybersecurity, among a host of other areas of study.
Last May, the SEC expanded its cyber division by almost 50%. The division consists of the Cryptocurrency Assets and Cyber divisions that oversee the named sectors and help decide where to take enforcement action.
Interested applicants must apply by April 3rd.