Small Cap Equities Intern

State of Wisconsin Investment Board • Madison, WI

7d • Onsite

About The Position

The State of Wisconsin Investment Board (SWIB) is a premier global investment organization managing over $178 billion in assets for the Wisconsin Retirement System (WRS) and other state funds. SWIB is committed to providing a strong financial future for public employees and is recognized for its teamwork and innovation in sophisticated global investment strategies. The organization plays a vital role in the state's economy by growing trust funds, managing risk, and optimizing costs. SWIB invests in talented professionals, offering development opportunities and fostering an environment where approximately 61 percent of investment professionals hold Chartered Financial Analyst (CFA) designations. The Small Cap Team, part of the public equities division, collaboratively manages a diversified portfolio benchmarked against the MSCI USA Small Cap Index. The team focuses on bottom-up stock selection, targeting alpha generation through fundamental analysis, valuation, and risk management to identify reasonably valued, high-quality growth companies.

Requirements

• Ability to work in Madison, WI for an approximate 10-week period beginning late May/early June 2027.
• Currently pursuing a graduate degree in Business, especially Accounting, Finance or Applied Equity Analysis.
• Top academic performer who is self-motivated, has a passion for investing and thrives in unstructured environments that foster creativity, maturity and independence.
• Solid working knowledge of the investing process including financial analysis and modeling and incorporating a valuation framework to arrive at an investment thesis.
• Ability to analyze a variety of information sources, draw relevant conclusions and clearly summarize and communicate results in a time-sensitive manner.
• Excellent communication skills and the ability to work in a team-oriented culture.
• Experience with FactSet and/or Bloomberg.
• Progress towards Chartered Financial Analyst certification.

Nice To Haves

• Interest and experience in Health Care and Software.

Responsibilities

• Understand and employ an investment process to generate alpha vs. a benchmark, including stock selection methodology, factor exposure aware portfolio construction, and risk management techniques.
• Directly perform fundamental business model assessment and valuation analysis of individual securities as part of a stock selection process.
• Employ relative valuation and quantitative methods to assess attractiveness of investments, potentially going long or short stocks and employing options strategies.
• Monitor quarterly earnings releases of companies to evaluate existing investment views.
• Interact with sell-side analysts and company management teams to form and revise investment opinions.
• Generate and pitch new investment ideas for specified sectors.
• Complete special projects as assigned.

What This Job Offers

• Career Level: Intern