| I. Capstone |
| Description: |
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Company Role |
| A team of senior Computer Science and/or Technology students are assigned to development projects for EDC companies. The projects are selected by the students and their Faculty Director via competitive company presentations. |
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Projects always involve the actual development of software products which are completed and then turned over to the requesting EDC company for their use.
The EDC company requesting the product is expected to attend project status meetings in which the student teams plan and carry out the project. |
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| Timing / Duration |
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Cost to EDC Company |
| The Capstone is a semester long program which begins at the start of a semester and ends at the end of the semester |
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This is a no cost program. |
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| II. Strategic Business Institute ( SBI ) |
| Description: |
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Company Role |
The SBI program is designed to match graduate (MBA) students’ interests to EDC companies which need assistance in management, marketing, and business analysis. This is done through individualized consulting services provided by the students. The students will carry out the work required and prepare a final report. The final report will be reviewed and evaluated by the SBI director and, when it is satisfactory, the students will deliver the report to the company in both oral and written form.
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The EDC company must submit a “Client Information Form” that serves as an application for SBI assistance at least one week before the class starting date. Your application will be combined with those from other firms and presented to the entire class in a meeting where the students will make decisions on which firms they want as consulting clients. Therefore, the best method of communicating to and generating interest in the students is to make a presentation about your company firm to the students during a regular class period specified by the Director. |
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| Timing / Duration |
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Cost to EDC Company |
The program operates within the structure of the normal school schedule. This means that projects begin and reach completion within the period of a one-semester course. Since the academic schedule has two semesters each year, the consultations are begun either in September or February and are completed in December or May respectively. |
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This is a no cost program. |
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| III. Student Co-Op |
| Description: |
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Company Role |
| Student is enrolled in an NJIT course and then locates a job relevant to that course. The course instructor visits the company to verify that the job responsibilities will provide an experience complimentary to the course work. |
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Company must develop a job description which is complimentary to a potential student hire’s course. |
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| Timing / Duration |
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Cost to EDC Company |
| Year round beginning at the start of a semester |
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$8-$22 per hour |
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| IV. Kaufmann Intern |
| Description: |
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Company Role |
| Student is hired by a company for a 15 week period either on a full time basis ( 40 hrs. per week ) or on a part time basis ( at least 16 hours per week ). |
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Company develops a job description pertinent to their specific company needs. |
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| Timing / Duration |
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Cost to EDC Company |
| Year round beginning at the start of a semester. |
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$8-$22 per hour with the hiring company receiving a lump sum payment at the end of the semester. The amount of the payment is based on a calculation by the Career Development Department involving the current balance of the Kaufmann Foundation grant, the number of students who participated in the program for that particular semester, etc., etc. |
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| V.
Federal Work Study Student Hires
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| Description: |
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Company Role |
| This is the most widely used student hiring program. The student(s) is recruited by the EDC company via a company-developed job description which is placed on the secure NJIT student hiring web site. |
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The EDC company writes a job description for the student(s) they wish to hire. The EDC places the JD on the appropriate web site. All responses are directed to the company who interviews, makes the hiring decision, and then makes the offer. The EDC will provide additional important details to the interested company before the above process is initiated.
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| Timing / Duration |
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Cost to EDC Company |
| The FWS hiring program is basically a semester-based program. |
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Each hired student comes with a pre-assigned maximum FWS grant money amount. Each hiring company must be aware of this amount and must monitor the balance as it decreases. Once this balance is consumed the student will have to cease working for the company or the company must be prepared to pick up the entire hourly rate.
Normally while the student has a balance the hourly rate paid to the student is split between the hiring company ( 1/3 ) and the Federal Gov’t ( 2/3 ).
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