Internship

The MIFA internship process is individual. Students find their Internship individually and may receive the support of the Faculty of Finance and Accounting by receiving a recommendation letter. The internship must be at least 3 months long in order to receive the 24 ECTS credits for the course 1FU593. The Internship must be in the countries participating in the Erasmus+ programme.

List of Eligible Countries

The Internship cannot take place in the student’s home country.

Beginning with the Academic Year 2023/2024, students may have their Internship in the Czech Republic. The new accreditation for the Czech Republic was filed to help students link theory and practice in the country of studies!

Mobility Funding*In the new project period 2021-2027, the UK is no longer a programme country of Erasmus+ but a partner country. However, mobilities to the UK in the AY 2021/2022 and 2022/2023 might be financed from the previous Erasmus+ project 2014-2020.

Applications

These are necessary steps for a valid application for an internship abroad.

1. Contact the MIFA coordinator with your choice till the end of April.
2. Start looking for an internship.
3. Before leaving, provide us with the following:
   1. fill out the Learning Agreement – Before Mobility part and submit it to the MIFA coordinator,
   2. sign the Grant Agreement you receive from the MIFA coordinator (must be done before leaving!),
   3. insurance confirmation (health, accident, and liability insurance) in case the company does not provide the insurance during the Internship programme (must be done before leaving!)
   4. fill out the form for the bank account to which the grant will be sent, and please note that it must be a Czech account (you must download the form and open it in Adobe, it will not work in a browser)
4. When returning, the student must submit the following:
   1. Learning Agreement – During and After Mobility parts
   2. Report on Internship – 1FU593

Mobility Funding

Mobility funding is not available for students having a paid internship!

This form of mobility can be financed from the ERASMUS+ programme, subject to the following conditions:

• The applicant for support is studying in a regular form of study.
• The minimum length of the internship is two months, and the maximum length is twelve months.
• The internship will take place in a country included in the ERASMUS+ programme (other than the Czech Republic).
• The internship forms an integral part of the study (it is completed as part of the study).
• The student has no permanent residence in the country and is not a citizen of the country where they wish to undertake the internship.
• The student does not get a salary for the internship (if the internship is paid, the student is not eligible for mobility funding).

An internship with financial support from the ERASMUS+ programme cannot be carried out in institutions and other bodies of the European Union, in organizations managing European Union programmes and national diplomatic missions abroad.

The amount of the financial support is fixed as a lump sum per month of residence abroad as a contribution toward the increased costs of this stay.