Investment Intern

State of Montana • Helena, MT

3d • Onsite

About The Position

The Montana Board of Investments (BOI), which manages more than $31 billion in assets, offers a summer internship providing hands-on experience in institutional investing. Interns work alongside investment professionals across Fixed Income, Public Markets, Private Investments, Real Estate & Real Assets, Investment Operations, and Risk Management. They complete structured projects and ad hoc assignments, interact with external managers, participate in meetings and real investment decisions, and gain exposure to the full cycle of institutional investing. Interns use investment research tools and represent BOI professionally.

The internship provides experience analyzing and presenting investment opportunities, developing independent views on portfolio suitability, and communicating findings in writing and verbally. Recent projects have included fixed-income sector and credit analysis; supporting external public-market manager selection and monitoring using eVestment and FactSet; updating private-investment due-diligence questionnaires to align with ILPA guidelines; mapping BOI real-estate holdings with GIS technologies; and trading fixed-income securities on Bloomberg under supervision.

Applications must be submitted through the State of Montana careers website by January 31, 2027, with a resume and cover letter describing the applicant’s interest in institutional investing and the Montana Board of Investments. The position is hourly and requires a background check before employment. The role is in person at the Helena, Montana office. Office attire is business casual. Housing assistance and relocation support are not provided.

Requirements

• Be a full-time student pursuing a four-year undergraduate degree in business, finance, accounting, economics, or a related field.
• Demonstrate interest in institutional investing or the financial industry.
• Demonstrate professionalism and initiative, and be able to manage multiple projects simultaneously.
• Have basic proficiency with Microsoft Office, especially Excel and PowerPoint.
• Be willing to work in person at the Helena, Montana office.
• Have experience gathering and summarizing large data sets in Excel.
• Have a minimum 3.0 GPA.
• Complete a background check prior to employment.

Nice To Haves

• Junior or senior standing.
• Enrollment in, or intent to pursue, the CFA program.

Responsibilities

• Work alongside BOI investment professionals in investment teams.
• Complete structured projects and ad hoc assignments and develop independent insights.
• Analyze and present investment opportunities, forming independent opinions about portfolio suitability.
• Communicate ideas and findings in written and verbal formats.
• Participate in meetings and real investment decisions.
• Interact with external managers and consultants and build a professional network.
• Use investment technologies and research tools, including Bloomberg, FactSet, eVestment, and Pitchbook.
• Represent BOI professionally.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern