The Next Step Internship Program

The Next Step® paid internship program is a unique opportunity to gain first-hand knowledge and experience working in the financial services industry

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At Cambridge, our purpose is to make a difference in the lives of our advisors, their clients, and our associates.


The program continues to attract highly talented students as Cambridge receives hundreds of qualified applications each year for 25-30 internship positions. Our interns represent colleges and universities from across the country, and are studying a variety of majors including business, computer science, marketing, accounting, and many more.

The Next Step internship program gives students practical insight into the financial services industry. Students are partnered with a professional mentor, supervisor, and executive champion and participate in trainings on industry basics and trends, along with professional development courses and opportunities to job shadow other departments across Cambridge. Several interns have returned for multiple summers while nearly 30 percent of the students who have participated in the program returned to Cambridge as full-time associates.

The Next Step internship program not only reaches our corporate office, but is also extended to our advisors through the Next Step Advisor Internship Program. Cambridge is actively seeking and supporting Next Gen talent for the advice industry. The program is focused on professional careers for aspiring professionals, and Cambridge is here to help search for talented young professionals to join our advisors’ organizations.

Events

Cambridge hosts various events throughout the summer to encourage networking and volunteer opportunities.

Welcome and End of Summer Banquet

Cambridge hosts a welcome banquet at the beginning of each summer program which allows the intern group to become acquainted with members of the Cambridge Team. This event kick starts the summer and helps the interns build friendships. The event begins with introductions by executives and is quickly followed by a catered meal from a local restaurant. Individuals such as President and CEO Amy Webber speak at the event, offering useful insight and tips for making the best of The Next Step® program.

Educational Courses

Interns have the opportunity to participate in Cambridge sponsored courses throughout the summer. Several courses are required, but interns have the flexibility to enroll in additional courses to better equip themselves with the knowledge necessary to find success in a corporate setting. Courses consist of resume workshops, problem solving, proper work etiquette, along with an analysis and in-depth look at interviewing tips and techniques from the Human Resources Team.

Intern Social Events

Throughout the summer, Cambridge hosts a variety of events at local Fairfield golf courses. Interns have the opportunity to socialize in a relaxed setting with fellow interns as well as senior executives. Many interns have expressed that the intern social events are the best way to network and socialize with Cambridge associates who are sometimes harder to reach during work hours.

Intern Lunch and Learns

Throughout The Next Step program, interns are invited to informational sessions that educate them on professional development and current issues. The events are catered and led by a variety of Cambridge teams and generally begin with presentations lasting from 10-15 minutes followed by a group discussion.

Intern Volunteer Project

One of the requirements of The Next Step program is for the intern group to plan and organize a local volunteer event. The interns are granted a full day of paid time off in order to fulfill the project. This opportunity not only gives interns the ability to serve the local community, but it’s a great way to bond through volunteering.


Frequently Asked Questions

Cambridge is a privately-controlled financial solutions firm focused on serving independent financial advisors and their investing clients. These independent financial advisors offer investment advice to hundreds of thousands of clients across the United States to help them meet their financial goals. Cambridge is also a national corporation with a registered investment advisor, as well as an industry leading independent broker-dealer.

The Next Step® internship program is a 10-week, paid summer opportunity for college students. It provides a unique experience for college students to gain first-hand knowledge working in the financial services industry. You’ll be working side-by-side with talented Cambridge associates and leaders, getting real-world experience designed to better prepare you for your career, complete with a professional mentor. The goal of The Next Step internship program is to expose students to the career opportunities available within the financial services industry. Since we’re uniquely positioned in southeast Iowa, the atmosphere is in line with Midwest values, but offers career opportunities that you would find in much larger metropolitan areas. It’s a great place to live and learn.

Cambridge is located in Fairfield, Iowa. It is approximately an hour away from Iowa City, two hours from Des Moines, and five hours from Chicago. For air travel, many people use the Cedar Rapids or Des Moines airports.

For information regarding the current internship listings, refer to the internship brochure on The Next Step main page or click here.

Students who join Cambridge for The Next Step internship program spend the summer working as part of a departmental team within Cambridge. Each intern learns the ins and outs of Cambridge and how it fits into the overall financial services industry, while gaining practical experience in their distinct field of study. They have the opportunity to take courses through Cambridge’s Knowledge Center University, volunteer, and create a final presentation outlining what they have learned. Additionally, each intern is paired with a Cambridge mentor for career advice and professional development.

Students may also pursue Cambridge’s The Next Step advisor internship program. This program is based at advisor offices across the country and connects you with independent financial advisors interested in mentoring the next generation of financial services professionals.

Typically, the internship lasts 10 weeks, starting in May and ending in August.

All students enrolled full-time in a college or university and have completed one semester are eligible to apply. Students must also have at least one semester remaining after the completion of the internship to be considered.

Most interviews happen in the late fall and wrap up at the beginning of the year. We strive to have all internships filled by January 31.

Yes, interns typically work Monday through Friday, 8:00 a.m. to 5:00 p.m. CT in accordance with standard working hours at Cambridge.

Cambridge typically receives 600-700 applications each year.

Cambridge accepts 20-30 interns each summer throughout the company. Typically, a team takes on one intern and students work alongside experienced professionals who are able to help them learn and grow in their respective area.

Interns are offered 16 hours of paid time off (PTO) and eight hours of compensated volunteer time.

Cambridge offers interns the opportunity to live in corporate housing or dormitories at surrounding universities. Interns are able to live with fellow Cambridge interns throughout the duration of the summer to allow an easier relocation transition. Often, we see great friendships and networks created among students as they live and work together throughout the summer.

No, Cambridge offers a carpooling benefit and encourages associates to carpool with others. With associates from over nine surrounding counties, interns can find someone to carpool with easily through the carpool system. Carpoolers receive premium parking and a paid hour off each month.

Yes, roughly 30 percent of interns return to Cambridge for full-time positions after graduation.

Yes, some internship positions can be offered as college credit. It is the student’s responsibility to work with their academic advisor to ensure the internship meets the criteria of the school’s program and that the proper paperwork is filled out to meet requirements.

The Next Step internship program was launched in the summer of 2012.