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Key Responsibilities and Required Skills for Value Intern

💰 $25/hr - $55/hr

FinanceInternshipInvestmentAnalysisAsset Management

🎯 Role Definition

Are you a driven, intellectually curious individual with a passion for uncovering hidden value in the market? This role requires a highly motivated Value Intern to join our dynamic investment team. This is a unique opportunity to learn the art and science of value investing from the ground up, working alongside seasoned professionals on live investment analyses. You will be an integral part of our research process, contributing directly to investment decisions by conducting rigorous fundamental analysis, building sophisticated financial models, and developing compelling investment theses. If you thrive on deep research, critical thinking, and the challenge of finding diamonds in the rough, this internship will provide the foundational experience to launch a successful career in investment management.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Top-tier University Student (Junior or Senior year) in Finance, Economics, or a related field.
  • Recent Graduate with a demonstrated passion for investing and financial analysis.
  • Participant in a student-managed investment fund or finance club leadership.

Advancement To:

  • Full-Time Investment Analyst
  • Junior Equity Research Analyst
  • Corporate Development Analyst

Lateral Moves:

  • Private Equity Intern
  • Equity Research Intern
  • Corporate Strategy Intern

Core Responsibilities

Primary Functions

  • Conduct comprehensive, bottom-up fundamental analysis on potential investment opportunities across various industries and geographies.
  • Develop and maintain intricate three-statement financial models (Income Statement, Balance Sheet, Cash Flow) to project future performance and test key assumptions.
  • Perform detailed valuation analysis using a range of methodologies, including Discounted Cash Flow (DCF), comparable company analysis (trading comps), and precedent transaction analysis (transaction comps).
  • Author and present detailed investment memorandums and research reports that clearly articulate the investment thesis, key drivers, risk factors, and valuation.
  • Screen for new investment ideas by analyzing financial data, reading industry publications, and utilizing data services like Bloomberg and Capital IQ.
  • Analyze and interpret annual (10-K) and quarterly (10-Q) financial filings, investor presentations, and earnings call transcripts to extract critical insights.
  • Evaluate the qualitative aspects of a business, including its competitive advantages (moats), industry structure, management quality, and corporate governance.
  • Assist senior analysts in conducting deep-dive due diligence on high-conviction investment targets, including channel checks and expert network calls.
  • Build and stress-test detailed operating models to forecast a company's financial performance under various economic and industry-specific scenarios.
  • Monitor existing portfolio companies by tracking quarterly results, industry trends, and competitor actions to ensure the investment thesis remains intact.
  • Synthesize large volumes of unstructured information from disparate sources into a cohesive and insightful narrative to support investment theses.
  • Participate actively in investment team meetings, contributing to debates and discussions on potential and existing investments.
  • Analyze company capital structures, credit profiles, and return on invested capital (ROIC) to assess financial health and long-term value creation potential.
  • Identify and research sources of "variant perception" — what the market may be mispricing or overlooking in a particular company or industry.
  • Perform detailed scenario and sensitivity analyses to understand the range of potential outcomes and the key variables that impact valuation.
  • Assist in developing proprietary research frameworks and refining the team's valuation methodologies and analytical toolkits.
  • Engage with sell-side research reports to gather diverse perspectives, challenge internal assumptions, and identify key sector trends.
  • Track and analyze macroeconomic data and geopolitical events to understand their potential impact on portfolio companies and target industries.
  • Support the preparation of materials for internal portfolio reviews and external client presentations, summarizing research and performance.
  • Research and analyze historical corporate actions, such as mergers, acquisitions, and spin-offs, to inform valuation and strategic assessments.

Secondary Functions

  • Support the team with ad-hoc analytical projects and data requests to address timely market events or specific inquiries from senior leadership.
  • Contribute to the continuous improvement of internal research processes, templates, and knowledge management systems.
  • Assist in tracking and summarizing key takeaways from industry conferences, webinars, and expert calls.
  • Help maintain the firm's internal databases, watchlists, and comparative financial metric dashboards.

Required Skills & Competencies

Hard Skills (Technical)

  • Advanced Financial Modeling: Demonstrated ability to build robust, multi-year three-statement financial models and Discounted Cash Flow (DCF) models from scratch.
  • Financial Statement Analysis: Deep understanding of accounting principles (GAAP/IFRS) with the ability to dissect and interpret 10-Ks, 10-Qs, and other corporate filings.
  • Valuation Expertise: Strong grasp of various valuation methodologies, including comparable company analysis, precedent transactions, and DCF analysis.
  • MS Excel Proficiency: Expert-level skills in Excel, including pivot tables, advanced formulas (INDEX, MATCH, OFFSET), data tables, and shortcuts for speed and efficiency.
  • Financial Data Platforms: Familiarity with financial data providers such as Bloomberg Terminal, S&P Capital IQ, FactSet, or Refinitiv Eikon.
  • Quantitative Analysis: Ability to work comfortably with financial data, statistics, and analytics to derive meaningful conclusions.

Soft Skills

  • Intellectual Curiosity: A genuine and insatiable desire to learn about businesses, industries, and how value is created, coupled with a healthy dose of skepticism.
  • Critical & Analytical Thinking: The ability to think independently, challenge conventional wisdom, and logically break down complex problems.
  • Exceptional Attention to Detail: A commitment to accuracy and precision in financial models and written reports, understanding that small details matter.
  • Strong Communication Skills: Ability to articulate complex investment ideas clearly and concisely, both verbally and in writing.
  • Self-Starter Mentality: Proactive, highly motivated, and able to manage time effectively to meet deadlines in a fast-paced environment with minimal supervision.
  • Tenacity & Strong Work Ethic: A willingness to go the extra mile in research and analysis to develop a differentiated point of view.

Education & Experience

Educational Background

Minimum Education:

Currently pursuing a Bachelor’s degree at an accredited university with a strong academic record.

Preferred Education:

Currently pursuing or recently completed a Bachelor's or Master's degree from a top-tier institution with a concentration in a relevant field.

Relevant Fields of Study:

  • Finance
  • Economics
  • Accounting
  • Business Administration
  • Quantitative fields (e.g., Engineering, Mathematics, Computer Science) with a demonstrated passion for investing.

Experience Requirements

Typical Experience Range: 0-2 years of relevant experience.

Preferred:
Prior internship experience in investment banking, equity research, private equity, asset management, or a related field. Active involvement in a student-managed investment fund, participation in stock pitch competitions, or a personal investment portfolio are highly desirable.

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