Investment Intern

Gain hands-on institutional investment experience through Montana's Board of Investments' (BOI) summer investment internship. The BOI is responsible for managing over $31 billion in assets. BOI's summer internship offers an immersive opportunity to work directly with investment teams, build a professional network in finance, and contribute to real projects that impact Montanans.

About the Internship

Interns work side-by-side with BOI investment professionals in the following groups: Fixed Income, Public Markets, Private Investments, Real Estate & Real Assets, Investment Operations, and Risk Management. Both structured projects and ad hoc assignments allow interns to innovate and develop independent insights. This is a hands-on role providing exposure to the full cycle of institutional investing, regular interaction with external managers, and access to Bloomberg, FactSet, eVestment, Pitchbook, and comparable investment research tools. Interns will be part of meetings, participate in real investment decisions, and will represent BOI professionally at all times.

Learning Outcomes & Activities

• Learn how investment decisions are made in an institutional pension environment.
• Gain familiarity with BOI's organizational structure and investment teams.
• Use leading investment technologies (Bloomberg, FactSet, eVestment, Pitchbook).
• Analyze and present investment opportunities, forming independent opinions on portfolio suitability.
• Communicate ideas and findings in both written and verbal formats.
• Build a professional network, including with external managers and consultants.

Recent Intern Projects:

• Conducted sector and credit analysis for fixed-income opportunities.
• Used eVestment & FactSet data to assist in the selection and monitoring of external public market managers, directly informing BOI's investment process.
• Updated private investment due diligence questionnaires to align with industry standards (ILPA guidelines).
• Mapped all BOI real estate holdings using GIS technologies.
• Traded fixed-income securities via the Bloomberg platform (under supervision).

Join the Montana BOI team and launch a meaningful career in institutional finance!

How to Apply

Applications must be submitted online through the State of Montana careers website by January 31, 2027. Please include a resume and cover letter explaining your interest in institutional investing and the Montana Board of Investments.

Qualifications

• Full-time student pursuing a 4-year undergraduate degree in business, finance, accounting, economics, or a related field.
• Junior or senior standing preferred.
• Demonstrated interest in institutional investing or the financial industry.
• Professionalism, initiative, and the ability to manage multiple projects simultaneously.
• Basic proficiency with Microsoft Office Suite, especially Excel and PowerPoint.
• Willingness to work in-person in the Helena, MT office.
• Experience gathering and summarizing large data sets in Excel.
• Minimum 3.0 GPA.
• Enrollment in, or intent to pursue, the CFA program preferred.

Additional Information

• Background check required prior to employment.
• This position is hourly.
• Office attire is business casual.
• Housing assistance or relocation support not provided.

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