Yeah, 2500 is a lot. It’s also accurate The Metcalf program is Career Advancement’s flagship program, and it’s great.
Some internships may favor third-years or fourth-years, but the vast majority are open to all years. I worked a Metcalf during my first summer at the college (i.e. between 1st and 2nd year). There are lots of positions available that don’t require specific expertise or advanced skills - just common sense, an interest in the field, and ideally some background knowledge and extracurricular involvement to demonstrate your interest in the field, skills, etc. Getting good grades helps, and learning useful skills (e.g. data analysis) early can open up some opportunities. Your year is mostly unimportant.
Bear in mind that lots of students do other stuff during the summer - outside internships, paid research, some form of class/course (not necessarily at a college or for college credit - some do this just out of interest), other UChicago internships, language study abroad, travel, the classic summer job, and so on. So, while I can’t be sure, I would guess that a comfortable majority of students who are specifically interested in a Metcalf end up finding one.
That said, a third-year might have more skills/expertise, leadership experience, extracurricular involvement, etc, which is probably a leg up if they’re applying for the same CNN internship as a first-year.
The pay doesn’t really vary. You get a $4,000 stipend for any US internship, or $5,000 for an internship abroad. Officially, you’re expected to complete ~400 hours of work over the course of your internship - which could mean 40 hours a week for 10 weeks, or a more compressed schedule, or more weeks with shorter hours. In practice, this varies - some offices don’t operate on a 9-to-5 schedule. My current internship, for instance, sometimes needs work after hours, over the weekend, at short notice, etc. - so interns get a weekday off and shortened regular hours. The only way you’ll get reported to Career Advancement for, say, working 380 hours instead of 400 is if you A. flake, disappear suddenly, or otherwise do something grossly unprofessional or B. get your boss to hate you with a passion.
Assume 400 hours over 10 weeks, but know that this may be flexible.
And don’t forget - you’ll need to pay taxes on that internship stipend, so make sure to budget for that. Illinois currently has a 5% income tax regardless of income bracket; that may change in the future, with high earners picking up a larger share of the tab, but you should assume it won’t.
It really depends on the job. State Department or CIA internships, for instance, involve a lengthy security clearance process, so applications are due in the fall. Lots of internships are posted in the winter and early spring. Internships continue to be available (though in smaller numbers) late into spring quarter. Start early if you can, but don’t worry if it takes a while to find the right fit.
Off the top of my head - not all of these are through Career Advancement, but they’re summer projects in a more general sense.
- IOP internships (also come with a $4,000 stipend)
- Research opportunities
- FLAG grants (language study abroad)
- Various fellowships (some pay you to complete an internship in a specific field, and let you find an employer; others have specific jobs attached)
Not sure what the stipend/grant amounts are for most of the above, and I’m probably missing a bunch of summer programs. You’ll get more info from Career Advancement if you ask.