In lieu of a thesis, my college offered what was basically a year-long small-group internship with a corporate sponsor for several technical majors (including m

In lieu of a thesis, my college offered what was basically a year-long small-group internship with a corporate sponsor for several technical majors (including math!). I would highly recommend them to anyone, even people continuing into pure academia. My college takes this program more seriously than most, to the point that CS and Engineering majors don't even have the option of a traditional thesis, but I've heard that they're available in some form at a lot of universities.