About the role#
The Small Cap Equities Intern will join a team of six investment professionals. You will work under the guidance of a Lead Portfolio Manager to construct a diversified portfolio. The team focuses on bottom-up stock selection to generate alpha over an intermediate to long-term horizon. You will balance fundamental business model analysis with risk assessment to identify reasonably valued, high-quality companies.
What you'll do#
- Apply an investment process to generate alpha against a benchmark.
- Perform fundamental business model assessments and valuation analysis for individual securities.
- Use relative valuation and quantitative methods to determine investment attractiveness.
- Monitor quarterly earnings releases to evaluate current investment views.
- Interact with sell-side analysts and company management teams to form investment opinions.
- Generate and pitch new investment ideas for specific sectors.
- Complete special projects as assigned.
What you'll need#
- Currently pursuing a graduate degree in Business, Finance, Accounting, or Applied Equity Analysis.
- Strong academic performance and a clear passion for investing.
- Ability to work independently and thrive in unstructured environments.
- Working knowledge of the investing process, including financial modeling and valuation frameworks.
- Experience using FactSet or Bloomberg.
- Excellent communication skills and a collaborative mindset.
- Progress toward Chartered Financial Analyst certification.
Location & details#
- This is a full-time, paid internship based on-site in Madison, Wisconsin.
- The term is scheduled for Summer 2027.
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
Applying early gives you a distinct advantage at the State of Wisconsin Investment Board, as recruiters review applications before the volume becomes unmanageable. Intern Insider sends an instant alert the moment a role matching your target is published anywhere, so you apply among the first and get seen before the pile grows. Reaching out to the right people often yields better results than submitting through a general portal. Intern Insider surfaces the recruiters behind the company roles so you can reach out directly to ask about the position or a referral, which materially improves your response rates.
