Will this be a paid internship?
Yes. Participating firms are committing to paying at least $15-$20/hour.
Can I apply to a specific firm?
No. You will submit an application to the program at large. All of our partner companies are leaders in their field, therefore all applications will be shared at random between them.
What is fee-only?
Fee-only is a business model where financial advisors are compensated directly by their clients. We believe this reduces as many conflicts of interest as possible because fee-only financial planners cannot receive commissions, kickbacks, or any other type of compensation.
Who will be selected?
The firms participating in the program will select the interns, they would like to hire. Each firm will have their own way of evaluating candidates, which may include interviews (virtually or in person) and/or assessments. Typically firms will look for the following traits in candidates: curiosity, intellect, strong work ethic, strong sense of initiative, organizational skills, analytical skills and excellent communication skills.
Do I need previous experience?
No, you do not. However, a demonstration of required skill sets such as work ethic, curiosity and initiative are extremely important. This can be shown through blogging, previous internships, society involvement, etc. Don't be modest in bragging about yourself!
If I am a student, do I have to attend a US university?
Yes. If you are currently a student, you must be attending classes at a US based college/university. If you are currently living in the US and have graduated from college from a foreign country, you do not need to have graduated from a US university if you are able to work in the US.
When will I know whether or not I have secured an internship?
You should expect to know whether you have been successful by the end of February, but likely before. If you do not secure an internship, please do not be discouraged. The program is highly competitive and you can apply again next year.
What is the most important thing you look for?
The most important thing we are looking for is potential. We are looking for candidates who are passionate about personal financial planning. We will ask questions like: You can choose any career or job that is out there, why have you chosen financial planning?
Still have questions about BLX? Send us a message at firstname.lastname@example.org.