ALBANY — The New York State Insurance Fund (NYSIF) is offering SUNY students paid internships. Through the partnership, NYSIF will provide 100 SUNY students with a paid internship at NYSIF offices throughout New York state beginning this year, SUNY Chancellor John King, Jr. announced Dec. 23. NYSIF is the largest workers’-compensation insurer in New York […]
ALBANY — The New York State Insurance Fund (NYSIF) is offering SUNY students paid internships.
Through the partnership, NYSIF will provide 100 SUNY students with a paid internship at NYSIF offices throughout New York state beginning this year, SUNY Chancellor John King, Jr. announced Dec. 23.
NYSIF is the largest workers’-compensation insurer in New York state and among the 10 largest nationwide, per the description in the SUNY announcement. NYSIF covers 2 million workers and insures nearly 200,000 employers in statewide.
NYSIF’s mission is to guarantee the availability of workers’ compensation, disability insurance, and paid family leave at the lowest possible cost to New York employers while maintaining a solvent fund.
“Internship experiences are important drivers of upward mobility and success for all students,” King contended. “Through this partnership with NYSIF, SUNY students will have the opportunity to build vital real-world skills while also exploring a career path that interests them. We are proud to work with NYSIF to provide our students with high-quality internship opportunities that will lead them to a successful future.”
The partnership between SUNY and NYSIF builds on SUNY’s goal for every student to participate in an internship or experiential learning opportunity by the time they graduate. Since its inception in 2023, NYSIF’s internship program has hosted 46 SUNY interns, and 11 SUNY graduates have joined NYSIF in permanent, full-time jobs.
The partnership between SUNY and NYSIF will double the number of students hosted at the fund and provide students with opportunities to learn in a business setting. Students who participate in the internship program will work across NYSIF divisions including administration, claims, division of confidential investigations, finance, investments, office of general counsel, premium audit, marketing and communications, and underwriting.
“At NYSIF, we are seeking the best and brightest within New York State to help us achieve our mission,” Gaurav Vasisht, executive director and CEO of the New York State Insurance Fund, said. “Becoming a NYSIF team member provides students with an excellent opportunity to work on interdisciplinary teams throughout our organization where they will be immersed in strategic business operations and have an opportunity to solve real-world business challenges as well as develop innovative products and business solutions.”
SUNY says it has worked to expand internship opportunities through the launch of programs that include the SUNY Educational Opportunity Career Development Internship program; the Chancellor’s Summer Research Excellence Fund; the SUNY Institute for Local News; the Veterans Enrollment and Support internship program; and the SUNY Climate Corps.
With state-government investment, the SUNY board of trustees now provides $14.5 million in annual state funding to support paid internships for students at state-operated campuses, per the announcement.
