Intern, Fundamental Equities

Investment Management Corporation of Ontario; Toronto; Hybrid; CAD 45,000 - 65,000; Full time

Job summary

Investment Management Corporation of Ontario in Toronto invites a Summer Intern to join the Fundamental Equities team, supporting evaluation of potential investments, preparing investment reviews, and due diligence. The role involves research, model building, and collaboration with senior staff.

You are a student in 3rd or 4th year studying Finance or Business, with strong quantitative and analytical skills, proficiency in Excel and PowerPoint, and an interest in public equities.

Qualifications

• Pursuing 3rd or 4th year in Finance, Business, or a related field.
• Strong quantitative, analytical, and financial modeling skills.
• Excellent written and oral communication; proficient in Excel and PowerPoint.

Responsibilities

• Conduct research and analysis to support investment decisions in Fundamental Equities.
• Build and analyze financial models; perform valuation analyses (DCF, multiples, comps).
• Produce reports and analyses for senior team; assist in investment reviews.
• Participate in meetings with company management, industry experts and analysts.
• Contribute to at least two investment reports and due diligence reviews.

Skills

Quantitative analysis

Financial modeling

Excel

PowerPoint

Research skills

Communication skills

Education

3rd or 4th year Finance/Business

Tools

Bloomberg

Capital IQ

Job description

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm.This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise.If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you.Our Summer Intern Program is designed to support the development of students and recent graduates for future positions by offering one-on-one mentoring, peer and experiential learning, internal training programs, and much more. We are currently accepting applications for undergraduate and master’s level students or recent graduates seeking the opportunity to work in the investment management space.Working under the direction of the Managing Directors, Fundamental Equities, the summer student will be involved in supporting the evaluation of potential investments and preparing investment reviews and recommendations in collaboration with the team, including company and industry overviews, investment rationales, and due diligence reviews.The Summer Intern will conduct in-depth research and work alongside the team to identify investment opportunities. This position works within broad guidelines, policies and agreed methods to help structure decisions as well as demonstrate investment judgement in completing assignments and team interactions.Responsibilities include:Conduct research and analysis on a broad range of topics to support investment decision-making across the Fundamental Equities asset class.Apply sound investment and investment analysis specific knowledge to build and analyze financial models and perform valuation analysis (i.e., DCF models, multiples, and comparable company analysis), applying financial analysis and judgment to support investment decisionsWorking directly with investment professionals in the Fundamental Equities group supporting the evaluation of potential company investmentsProduce reports and analysis to be utilized by the senior team in the decision-making process and provides support in general analysis and review of investments and the portfolio. The goal is to have the intern play a role in the investment analysis of at least two investment reports.Participate in meetings with the management of public companies, industry experts and sell-side equity research analystsWhat do you need to succeed?A student entering 3rd or 4th year at the time of placement, studying Finance, Business, or a related fieldA keen interest in Public Equities markets and investment managementStrong quantitative, analytical, financial modeling (including an understanding of income statement, balance sheet, and cashflow statements), and researching skills with strong attention to detail.Proficiency in using Microsoft Excel, and PowerPoint. Experience with financial databases is a plus (Bloomberg/Capital IQ)Strong written and oral communication skills with the ability to explain complex issues in a clear and compelling manner and present information to internal stakeholdersThe successful candidate must demonstrate curiosity, willingness to learn, and the capacity to use critical thinking to solve problemsApplication Information & Deadline: Please submit your resume by October 30th, 2026What do we offer our Interns?In addition to paid work experience for a 4 month (May-August 2027 term), we offer a number of developmental opportunities for our hires. This includes:Facetime with our executive team, including career guidanceSkill workshops for personal developmentIndustry guest speakersSocial events with fellow Interns and IMCO employeesThe base salary range for this position is CAD $45,000 to $65,000. The placement within the range is determined by the role and assessment of the candidate’s year of study and relevant work experience. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you with the specific details for this position, as well as the total rewards offering at IMCO.We thank all applicants for their interest. Only those selected for an interview will be contacted.Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing.IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.