About the role#
The Fixed Income Strategies Group manages approximately $18 billion across various portfolios, including High Yield credit and Leveraged Loans. The Leveraged Credit team is seeking a Summer Analyst for the summer of 2027 to gain hands-on experience in institutional credit investing. This role provides exposure to fundamental credit analysis, financial modeling, and portfolio monitoring, alongside cross-strategy learning opportunities with the Structured Products, Investment Grade, Rates, and Trading teams.
What you'll do#
- Conduct financial and credit analysis of current and prospective high-yield and leveraged loan investments.
- Review company financial statements, operating performance, and industry trends.
- Use approved AI and automation tools to streamline research synthesis, data organization, and analytical tasks.
- Develop and maintain detailed financial models to support investment recommendations.
- Prepare written research, credit memos, and verbal presentations for senior staff.
- Participate in the investment process, including idea generation, due diligence, and ongoing risk assessment of portfolio holdings.
- Monitor market, industry, and company-specific developments that impact creditworthiness.
What you'll need#
- Current undergraduate or graduate student pursuing a degree in Finance, Economics, Accounting, or a related field.
- Foundational understanding of corporate finance and accounting.
- Interest in credit markets, specifically high yield, leveraged loans, and structured products.
- Proficiency with Microsoft Excel and familiarity with financial modeling.
- Excellent analytical, quantitative, and problem-solving skills with the ability to interpret complex data.
- Familiarity with AI tools and an interest in developing AI-enabled workflows.
- Strong written and verbal communication skills with the ability to articulate investment views.
- Exposure to financial tools like Bloomberg, Octus, S&P Capital IQ, Moodys Research, CreditSights, or Pitchbook is a plus.
- Highly motivated, detail-oriented, and capable of working both independently and in a team.
Location & details#
- Location: Madison, Wisconsin.
- Modality: On-site.
- Duration: Approximately 10 weeks, beginning in the summer of 2027.
- Employment: Full-time internship.
- Compensation: Paid position.
About State of Wisconsin Investment Board
The State of Wisconsin Investment Board manages assets for the Wisconsin Retirement System and other state funds. Founded in 1951, the organization is based in Madison and operates as a government agency. It oversees approximately 178 billion dollars in assets to provide retirement benefits for over 703,000 public employees. The board employs between 201 and 500 people to handle investment operations, risk management, and capital markets.
How to get in at State of Wisconsin Investment Board
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