Spencer Fellows Program
The VCU Risk Management and Insurance (RMI) Spencer Fellows Program offers undergraduate students a 10-week, paid summer rotational internship designed to introduce them to multiple areas of the risk management and insurance industry. Structured as an immersive, cohort-based experience, the program combines hands-on industry exposure with guided professional development.
The Spencer Fellows Program is sponsored by a grant from The Spencer Educational Foundation.
Program Overview
Spencer Summer Fellows participate in a structured rotation across several risk management and insurance companies and related organizations, connecting academic learning to real-world experience while exploring career interests and building professional skills. Fellows gain exposure to a variety of functions, including claims processing, claims resolution, claims operations, underwriting, account management, sales and delivery processes, risk services and operations.
Throughout the program, fellows are supported by VCU RMI faculty and collaborate closely with a cohort of fellow VCU students. The experience begins with a dynamic, content-rich orientation and continues with opportunities to connect, share ideas and grow through collaboration with peers and industry professionals.
Past fellowship rotations have taken place at companies such as FCCI Insurance, Markel and Marsh.
How to Apply
The Spencer Fellows Program seeks motivated students with a strong interest in risk management and insurance and a desire to learn through hands-on experience. Ideal candidates demonstrate effective interpersonal and communication skills, analytical thinking, attention to detail, initiative and accountability.
Applications close Friday, Feb. 20, 2026. Review the application requirements and eligibility criteria below.
Eligibility requirements
- Be a current sophomore or junior.
- Have local housing and access to a car.
Program dates
- Must be available for orientation during the week of May 11, 2026.
- Must be available for a closing session the day before classes begin on Aug. 17, 2026.
- Additional details will be provided during the interview process.
Preferred qualifications
Preference will be given to students who:
- Have taken FIRE 309: Risk Management and Insurance.
- Have declared the RMI minor or concentration.
- Have been involved with Gamma Iota Sigma.
Application materials
- Submit a resume using the appropriate VCU School of Business template by major.
- Submit a cover letter addressing the following:
- Why you are interested in the risk management and insurance industry.
- How you are qualified to add value to the participating employers.
- How participating in this program will advance your career exploration journey.
- Why you should be selected for the Fellows Program.