Rob Lutts, Salem State Board of Trustees chair and Cabot Wealth Management president (right) with Salem State student and former Cabot Wealth Management intern Joel Surette in the state-of-theart Cabot Wealth Management Lab.
Paid Internships A Win-Win for Students, Employers “I have two passions in life: assisting youth and investing in education,” says Rob Lutts.
Lutts calls these diverse internship arrangements a win-win for students and organizations.
Lutts pursues these dual interests as a longtime Salem State University trustee and donor. The founder, president and chief investment officer of Cabot Wealth Management also hires paid interns from the university year after year, enabling them to gain valuable experience at his renowned Salem-based firm.
“Ultimately, internships achieve more than benefitting businesses,” Lutts emphasizes. “They’re also key for students, allowing them to get real-world experience, build up their resumes before they graduate and earn a wage.
“I’ve always hired interns from Bertolon Business School,” Lutts explains. “They help my team with tax returns for our clients, which is a complex, data-oriented process.” In addition to helping students like Philip Haddad ’18 (see sidebar) at Cabot, Lutts has also expanded his support for youth and education by funding internships at the local YMCA, enabling the nonprofit agency to benefit from Vikings’ know-how.
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YOUR IMPACT IN ACTION
Lauren Hubacheck, the university’s assistant dean of student experience and transition, agrees with Lutts wholeheartedly. With 256 students registered for internships in the 2020 academic year—some paid and some unpaid—she says paid experiences are especially crucial to SSU students’ professional and economic success. “Many of our students have been working for years in other jobs,” says Hubacheck. “They already have the grit, the work ethic and the dedication. Paid internships provide a glimpse into a
