Investment Analyst Intern

Cambridge Investment Research, Inc.; Phoenix (AZ); On-site; USD 23,000 - 36,000; Full time

Benefits offered by this job

Medical/Vision/Dental

Life insurance

Long-term disability insurance

Vacation/sick time

401K with company matching

Eleven paid holidays

Job summary

Cambridge Investment Research, Inc. in Phoenix, AZ, is seeking an Investment Analyst Intern to support the Investment Products and Research team.

You will assist with investment due diligence, data analytics, and preparing reports as you progress from research to analysis and recommendations. You will work with Morningstar Direct, PitchBook, FactSet, and SEC filings, collaborating with a mentor on projects and a weekly market commentary.

Qualifications

• Undergraduate or graduate student in Finance, Economics, Data Science, Statistics, Real Estate, or related field.
• Strong analytical thinking and intellectual curiosity with professional skepticism.
• Attention to detail and interest in understanding investments and markets.
• Clear written communication and presentation skills; able to collaborate.
• Previous internship experience is a plus.

Responsibilities

• Support investment products and research through due diligence and evaluation.
• Research investment managers, sponsors, opportunities, and risks.
• Contribute to data analytics and insurance projects as prioritized.
• Collaborate with a senior analyst on weekly market commentary or a research paper.
• Review sponsor materials, regulatory filings, and other sources.
• Prepare reports and presentations to support research and due diligence.

Skills

Analytical thinking

Curiosity

Critical thinking

Professional skepticism

Attention to detail

Written communication

Presentation skills

Collaboration

Education

Undergrad/grad student in Finance, Economics, Data Science, Statistics, Real Estate, Business Analytics

Tools

Morningstar Direct

PitchBook

FactSet

SEC filings

ADV documents

Job description

Job Summary

The Investment Analyst Intern will support the Investment Products and Research team while gaining hands‑on exposure to investment due diligence. The intern will build analytical, research, and operational skills by helping evaluate, monitor, and oversee investment products and managers. Project work will progress from research to analysis, due diligence, and recommendation.

Key Deliverables and Responsibilities

• Conduct investment manager research and support the evaluation of investment products, sponsors, opportunities, and risks.
• Assist with alternative investment due diligence reviews and related research or analysis.
• Contribute to data analytics and/or insurance projects based on team priorities.
• Collaborate with a senior analyst on weekly market commentary or a research paper.
• Review sponsor and manager information, regulatory filings, offering materials, and other relevant sources.
• Use Morningstar Direct, PitchBook, FactSet, manager websites, SEC filings, ADV documents, and related research resources.
• Prepare clear reports, presentations, and written communications that support investment research and due diligence.

What We Are Looking For

• Current undergraduate or graduate student pursuing Finance, Economics, Data Science, Statistics, Real Estate, Business Analytics, or a related field.
• Strong analytical thinking, intellectual curiosity, critical thinking, and professional skepticism.
• Attention to detail and interest in understanding investments, businesses, and financial markets.
• Clear written communication and presentation skills.
• Ability to collaborate effectively and work through complex problems.
• Previous internship experience is a plus.

Program Summary: Cambridge's Next Step 11-week paid summer internship program (May 17 - July 30) gives students the opportunity to gain valuable insight into both their chosen field and the financial service industry while working on meaningful projects that contribute to business outcomes. Each intern is partnered with a professional mentor and participates in our professional development program, which includes industry education, career workshops, leadership panels, and networking events. Nearly 30% of interns return to Cambridge as full-time associates.

Location: All internships are on-site, operating out of our Phoenix, AZ or Fairfield, IA offices. Apartment‑style housing is available for Fairfield candidates, and some positions may be eligible to work out of our West Des Moines satellite office.

Work Authorization: Applicants must be authorized to work for any employer in the United States. We are unable to accommodate temporary student work authorizations, including initial Curricular Practical Training (CPT) and Optional Practical Training (OPT).

Posting Window: Applications will be reviewed on a rolling basis beginning in November. Internships are expected to remain posted until January 15, but may close earlier if filled. Candidates are encouraged to apply early for greatest consideration.

Compensation: $17-$26 per hour depending upon location, role, and year in school. Interns also receive 2 paid holidays and 2 days of paid time off across the summer.

Why Cambridge?

Cambridge has competitive benefits and promotes a work/life balance to encourage individual success.

• Premium benefit package including medical, vision, dental, life and long‑term disability insurance

• Vacation/sick time

• 401K retirement plan with company matching program

• Eleven paid holidays

You can find more details about our comprehensive benefits package here.

Cambridge Overview:

Cambridge is a financial solutions firm that provides business support services to thousands of independent financial advisors. These advisors offer personalized investment services including wealth management, financial planning, and retirement services to individuals and families across the country. Cambridge provides significant compliance, technology, and transaction processing support to these financial advisors and their offices.