The Economics Department at Loyola encourages every student to pursue an internship during the junior or senior year. Students team up with a faculty member in the Department to approach the firm or organization. The student is required to write a research paper on a topic related to the internship to obtain the three credits for independent study, and he or she is not paid for their work. Typically, students work 10 hours per week on site (or a combination of on site and on campus). The Department's most recent internships have been at the Maryland Department of Business and Economic Development, T. Rowe Price, and Maryland Business for Responsive Government.