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The Drexel Co-op Experience

Drexel Entrepreneurship COOP

Did You Know You Can Earn $15,000 To Start Your Own Business?

The Charles D. Close School offers the Entrepreneurship Co-OP where you can earn $15,000 to start or grow your business. The Close School recognizes that many undergraduates have already started their own companies. To encourage this entrepreneurial spriit within our student body, the Close School, in collaboration with the Steinbright Career Development Center, offers to all Drexel undergraduate students this chance to use your own company as your CO-OP experience. Students who qualify for this opportunity will receive $15,000* in support of their ventures. 

Learn More About the Entrepreneurship CO-OP

The Drexel CO-OP 

Steinbright’s powerful combination of co-op and career services is a Drexel advantage for job placement and beyond. Based on a 2017 alumni study, 48 percent of alumni received job offers from previous co-op employers within one year of graduating. These students worked at well-established companies in an array of different industries. Some of these companies include:

Drexel University’s co-op experience is well known to local and international employers because Drexel students are prepared to be exceptional co-ops. The Steinbright Career Development Center also rigorously matches student skills and needs with employers in the Drexel co-op network. This preparation and matching process ensures the best co-op experience for students and employers.

How It Works

Drexel's academic calendar is based on a quarter system. A student's co-op cycle determines which quarters they will participate in the co-op experience. For example, students with a fall/winter co-op cycle will work full-time during the fall and winter quarters, while a student with a spring/summer co-op cycle will work full-time during the spring and summer quarters. Co-op cycles are typically assigned during freshman year.

The number of co-op experiences required for graduation is determined by the student's course of study.

  • Three Co-op Option (Five Years): This option includes three, six-month periods of full-time employment. At the start of the sophomore year, students study or work through all terms, including summers.
  • One Co-op Option (Four Years): This option includes just one, six-month period of full-time employment during the junior year. At the start of the sophomore year, students study or work through all terms, including summers.
  • No Co-op Option (Four Years): Some programs can be completed in four years without co-op employment. Students are not required to pursue studies during any of the summer terms. Though this option is available, we strongly encourage students to take advantage of the co-op program, a key benefit of a Drexel education!
  • For more information about the Drexel co-op program, visit the Steinbright Career Development Center.

Entrepreneurs on Drexel Co-op

Entrepreneurship students are not limited to the entrepreneurship co-op. Students at the Charles D. Close School of Entrepreneurship have secured positions in established companies in the Philadelphia area and across the United States. In fact:

  • 91.5% of entrepreneurship co-op students were employed while on co-op in 2017.
  • Entrepreneurship students reported earning a median weekly income of $660 during 2017-2018.

Click here to view an infographic about entrepreneurship students on co-op with additional statistics on the Drexel co-op experience as a whole.

  

*For some students, Entrepreneurship CO-OP funding may be taxed. Since individual tax liability depends on each individual's circumstances, you should consult a tax advisor. Please refer to IRS Publication 970 - Tax Benefits for Education for more specifics.

*For some students, Entrepreneurship CO-OP funding may be taxed. Since individual tax liability depends on each individual's circumstances, you should consult a tax advisor. Please refer to IRS Publication 970 – Tax Benefits for Education for more specifics.

 

*For some students, Entrepreneurship CO-OP funding may be taxed. Since individual tax liability depends on each individual's circumstances, you should consult a tax advisor. Please refer to IRS Publication 970 – Tax Benefits for Education for more specifics.