Entrepreneurship Minor



Internship Capstone (MGMT 195)
The Management 195 Capstone experience in Entrepreneurship for the minor is designed to provide students with an understanding of how entrepreneurial companies work. It should be undertaken after students have completed all other academic requirements for the minor, allowing them to apply the skills and knowledge learned in the classroom to the internship project. Many students find that the internship experience assists them in defining (or redefining) their career goals.

Host organizations should have an entrepreneurial culture, with 3-150 employees and typically no more than $25 million in revenues. Operating companies often provide the best internship experiences, as they provide exposure across to multiple functional areas of management that may include management strategy, product development and marketing. Venture capital, real estate and other financial services or asset management firms may be approved if the intern has significant exposure to senior management.

Projects should have SMART objectives: Specific, Measurable, Achievable, Realistic and Timebound. They should provide professional exposure for the intern, including interaction with the founder(s), entrepreneurial leadership and/or CEO. Projects should not be primarily clerical in nature, but rather should be challenging, using the analytical frameworks and skills that students have developed through the minor in entrepreneurship coursework. Managers/supervisors are encouraged to meet weekly with their student interns. Interns will also meet biweekly with the supervising faculty member or a teaching assistant at the Anderson School.

MGMT 195 Course Requirements
Management 195 is the contract course a student must enroll in to obtain credit for the internship. Course requirements include the following:

UME Internship Approval Form
Students must receive approval for their site and project prior to beginning the internship. Please submit the UME Internship Approval Form by email to ume@anderson.ucla.edu with a copy (cc:) to munguia@english.ucla.edu before the internship quarter begins. PLEASE NOTE: Adobe Acrobat Reader is required in order to open/fill out this form. Download the free version here.

DO NOT submit the form until you have received an internship offer. You are NOT eligible to submit an internship approval form until:
  1. All of your other required courses for the minor will have been completed prior to the internship quarter or;
  2. In exceptional cases, you will be enrolled in your final course required for the minor during the same quarter as the internship.

Journals
Students will create a journal with weekly entries describing their internship experience. The journal will describe how the intern identified and secured the internship site and project, weekly work assignments and progress, as well as insights gained regarding managing and leading a growing enterprise.

Profiles
Students will prepare a profile of both the entrepreneurial leader and the organization. Possible topics may include: a description of the entrepreneur’s education and career path, leadership style, the culture of the firm, business life-cycle phase (startup, growth, mature, etc.), major mistakes, if any, as well as pivots and lessons learned, important organizational milestones and key success factors. Should the student be unable to profile the founder or entrepreneurial leader of the organization, he/she may use primary and/or secondary research to prepare a profile of another entrepreneur in the same industry.

Reports & Presentations
Interns will prepare a written report or give an oral presentation outlining lessons learned during the internship experience.

Internship Hours
Fall, winter and spring quarter interns work 8-10 hours per week for 10 weeks for a total of 80-100 hours during the internship.

FAQs
Q. What size company is suitable for an internship?
A. The company should be established, with a legal corporate structure, rather than in the concept stage. It may be a start-up, small business, family business or growing entity.

Q. Can I work in a start-up founded by friends or other UCLA students?
A. Yes, if it has been incorporated and if the UME staff approve the project application.

Q. When can I start my internship?
A. After you have completed all other requirements for the UME.

Q. Can participation in StartupUCLA count as an internship for the UME?
A. Yes, if you fulfill all of the required elements of both programs.

Q. How will I be evaluated?
A. Your supervisor will provide you with feedback on a weekly basis, and will fill out an evaluation form that will be submitted to the UME at the end of the quarter.

Q. Can I perform an internship that involves social entrepreneurship?
A. Yes, but it must be approved by the UME faculty and staff. It is important that the organization not only have a social mission, but have an entrepreneurial culture as demonstrated by innovation in its programs, funding or processes.

Q. How do I enroll in Management 195?
A. Students with Anderson-approved internships should generate a contract for Management 195 via MyUCLA for 4 units and a letter grade with the name of the instructor assigned by Janel Munguia and have it signed by the same instructor. Signed contracts should be delivered to Janel in 158 Humanities for enrollment processing. The deadline for enrollment is Friday of second week.