Yale Investments Office 2015 Intern Recruiting
Position: Investment Intern
Application Deadline: Friday, January 16th 2015, by 9:30am
Start: Spring 2015
For those interested in business or investing, this is a position unlike any other in finance. The Yale Investments Office has widely recognized expertise in identifying and working with the world's top investors and is renowned for its creativity and innovation in the world of institutional investing, both of which have contributed to market-leading returns over the past twenty years. The Endowment currently has a broadly diversified portfolio of U.S. stocks, U.S. bonds, foreign stocks, real estate, leveraged buyouts, venture capital, and alternative investment strategies.
Interns at the Investments Office work closely with the full-time professionals who manage the University’s multi-billion dollar endowment, and will have opportunities to work with Chief Investment Officer David Swensen and Senior Director Dean Takahashi. In contrast to much more narrowly defined internships on Wall Street, interns at the Investments Office gain exposure to a wide variety of asset classes and investment strategies.
Past interns have:
1. Assisted in the screening, selection, and monitoring of investment managers through background research, manager meetings, and portfolio analysis.
2. Designed a metric and constructed a model to evaluate the merits of holding cash as part of Yale’s asset allocation.
3. Modeled how interest rate changes would affect Yale's oil and gas investments.
4. Assessed Yale's long-term private equity commitments and modeled their impact on the University’s liquidity position.
5. Researched the attractiveness of frontier markets in South America.
To learn more about the Yale Investments Office and how it manages the University Endowment, please read our annual report.
The internship program consists of a 10-week summer commitment as well as a 10-hour per week expectation during the second half of spring semester leading into the summer (exam periods and vacations are naturally not included in this expectation). Successful interns have been offered full-time positions upon graduation and/or the opportunity to continue interning at the office during the following school year(s).
If you are interested in learning more, sign up here for an informal coffee chat on December 8th-10th with one of the members of our team. We will also be hosting an information session on January 12th at 4pm in our office on the 5th floor of 55 Whitney Avenue.
Prospective candidates should have excellent analytical abilities and writing skills as well as a sense of humor. All majors are encouraged to apply.
- Self-reported unofficial transcript
- Choose one of the following (either written response OR cover letter)
a. Written response to the question: "What are you looking for in a summer internship and why?" (300 word limit)
b. Cover letter