USD School of Business Administration to Establish Fund for Internships: Gift of $75,000 from Frito-Lay CEO

As students look for practical experiences that will give them an edge in the competitive job market, the University of San Diego School of Business Administration is pleased to announce a $75,000 gift to fund student internships.

The gift from Albert P. Carey, president and CEO of Frito-Lay North America and parent of a USD business student, will support approximately 10 undergraduate and graduate business students each summer over the next three years.

“We are thrilled to receive this generous gift,” said David Pyke, dean of USD’s School of Business Administration. “Especially in this challenging economy, participation in an internship is a critical component of business education that often makes the difference in landing the right job after graduation.  Internships complement and enrich classroom learning, providing students opportunities to gain real-world experience, make important industry connections and refine their career goals.”

According to a 2009 survey of USD business graduates, two-thirds of MBA students participating in an internship found jobs, compared to 50 percent for those who did not. Among USD undergraduates, 30 percent received a full-time job offer from their internship employer and 54 percent believed there was a significant possibility they would receive a job offer from their employer in the near future. “We believe offering students from all financial backgrounds an opportunity for an internship is part of developing a top-notch career services office and hope this gift marks the start of a permanent fund to do just that,” Pyke said.

 “USD’s business school has made great strides in recent years,” Carey said. “I am confident that developing an internship fund will be another step toward making it one of the top schools in the nation. I have seen first-hand the important benefits that internships provide, both to students and employers.”

Under the fund, students will receive up to $3,000 each summer to support either a paid or unpaid internship. Students will compete for the funds by writing a 500-word essay and explaining the value of their internship and how it will advance their career goals.

The University of San Diego School of Business Administration is committed to developing socially responsible leaders and improving global business practice through innovative, personalized education and applied research. For more information, go to

The University of San Diego is a Catholic institution of higher learning chartered in 1949; the school enrolls some 7,800 undergraduate and graduate students and is known for its commitment to teaching, the liberal arts, the formation of values and community service. The fall 2007 establishment of the Joan B. Kroc School of Peace Studies brings the University’s total number of schools and colleges to six. Other academic divisions include the College of Arts and Sciences and the schools of Business Administration, Leadership and Education Sciences, Law and Nursing and Health Sciences.


About the University of San Diego

The University of San Diego sets the standard for an engaged, contemporary Catholic university where innovative Changemakers confront humanity’s urgent challenges. With more than 8,000 students from 75 countries and 44 states, USD is the youngest independent institution on the U.S. News & World Report list of top 100 universities in the United States. USD’s eight academic divisions include the College of Arts and Sciences, the School of Business, the Shiley-Marcos School of Engineering, the School of Law, the School of Leadership and Education Sciences, the Hahn School of Nursing and Health Science, the Joan B. Kroc School of Peace Studies, and the Division of Professional and Continuing Education. USD recently concluded our successful $317M Leading Change: The Campaign for USD, which represented the most ambitious fundraising effort in the history of the university. In September 2016, USD introduced Envisioning 2024, a strategic plan that capitalizes on the university’s recent progress and aligns new strategic goals with current strengths to help shape a vision for the future as the university looks ahead to its 75th anniversary in the year 2024.