Investment Intern

State of Montana • Helena, MT

3d • Onsite

About The Position

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

Intern activities include learning how investment decisions are made in an institutional pension environment; becoming familiar with BOI’s organizational structure and investment teams; analyzing and presenting investment opportunities; forming independent opinions about portfolio suitability; communicating findings in writing and verbally; and building a professional network with external managers and consultants. Recent project examples include fixed-income sector and credit analysis, supporting external manager selection and monitoring, updating private-investment due diligence questionnaires to align with ILPA guidelines, mapping BOI real estate holdings using GIS technologies, and trading fixed-income securities on Bloomberg under supervision.

Applications must be submitted online through the State of Montana careers website by January 31, 2027, with a resume and cover letter explaining the applicant’s interest in institutional investing and the Montana Board of Investments. A background check is required before employment. The position is hourly, based in the Helena, Montana office, and requires in-person work. 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 the ability to manage multiple projects simultaneously.
• Have basic proficiency with Microsoft Office, especially Excel and PowerPoint.
• Be willing to work in person in the Helena, Montana office.
• Have experience gathering and summarizing large data sets in Excel.
• Have a minimum 3.0 GPA.
• Pass a background check prior to employment.

Nice To Haves

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

Responsibilities

• Work alongside BOI investment professionals in investment groups including Fixed Income, Public Markets, Private Investments, Real Estate & Real Assets, Investment Operations, and Risk Management.
• Complete structured projects and ad hoc assignments and develop independent insights.
• Analyze and present investment opportunities and form opinions on portfolio suitability.
• Communicate ideas and findings in written and verbal formats.
• Participate in meetings and real investment decisions, and represent BOI professionally.
• Interact with external managers and consultants and build a professional network.
• Use investment research technologies and tools.
• Contribute to investment projects such as sector and credit analysis, external manager selection and monitoring, due diligence, real estate mapping, and supervised fixed-income trading.

What This Job Offers

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