Summer 2027 Investment Analyst Intern

CFA Institute; Austin (TX); Hybrid; USD 28,000 - 36,000; Full time

Benefits offered by this job

Paid internship

Flexible schedule

Free downtown parking

Benefits package

Job summary

Texas Permanent School Fund Corporation seeks a Summer Intern to assist investment research, due diligence, and portfolio monitoring. You will work with asset class teams, complete a summer project, and present results to senior leadership.

You will gain hands-on experience alongside investment professionals; expect a structured program with a hybrid schedule, located in Downtown Austin, Texas.

Qualifications

• Must be enrolled in an accredited institution.
• Undergraduate rising Junior or Senior; May 2026 graduates welcome.
• Cumulative GPA of 3.0 or higher required.
• Strong interest in investments, quantitative analysis, risk management, or related business areas.

Responsibilities

• Projects & Research: conduct in-depth investment topic analysis and develop white papers.
• Fund Investment Due Diligence & Oversight: assist with due diligence & manager interactions.
• Portfolio Analysis: monitor and evaluate portfolios and performance.
• Technology & Systems Support: help implement platforms for due diligence and analytics.
• Performance Monitoring: track performance across asset classes and maintain files.

Skills

PowerPoint

Excel

Word

Python

R

Tableau/Power BI

SQL

VBA

Attention to detail

Communication skills

Education

Undergraduate student (Junior/Senior)

GPA 3.0+

Majors: General Business, Finance, Economics, Data Science, Engineering

Tools

Tableau/Power BI

SQL

VBA

Job description

Who We Are

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K–12 education.

Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies. Texas PSF is supported by strong operational, legal, financial, risk, and governance functions that help steward the Fund over the long term.

In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students. Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas’s future.

Job Summary

As a Summer Intern at the Texas Permanent School Fund Corporation, you will gain hands‑on experience supporting investment research, analysis, due diligence, and portfolio monitoring while working alongside experienced investment professionals. Interns contribute meaningful work, collaborate with asset class teams, complete a summer‑long project, and present to senior leadership.

Program Details

• June 1, 2027 – July 31, 2027
• Full-time (40 hours per week)
• Monday through Friday
• Hybrid schedule: 4 days onsite, 1 day remote
• Paid internship
• Located in Downtown Austin, Texas

Key Responsibilities

Projects & Research: Conduct in-depth research and analysis on a range of investment topics. Develop white papers and strategic insights tailored to specific asset classes and team priorities. Support special projects that inform investment decisions and portfolio strategy.

Fund Investment Due Diligence & Oversight: Participate in initial and ongoing due diligence of fund investments. Engage with investment managers through communications, document reviews, and on‑site interviews. Assist with investment analytics, reporting, and maintaining oversight documentation.

Portfolio Analysis: Contribute to the monitoring and evaluation of internally managed portfolios. Support performance reviews and strategic assessments of portfolio holdings.

Technology & Systems Support: Assist in evaluating and implementing platforms for investment due diligence, analysis, and performance measurement. Help optimize workflows and data systems to enhance investment operations.

Performance Monitoring: Track and analyze performance across private, public, and crossover market investments. Maintain investment due diligence files and deal flow databases.

Required Minimum Qualifications

Must be enrolled in an accredited institution.
Must be an Undergraduate rising Junior or Senior (May 2026 graduates are welcome), or a Graduate Student.
Cumulative GPA of 3.0 or higher while majoring in General Business, Accounting, Finance, Math/Statistics, Economics, Data Science, or Engineering. Other degrees may be considered.
Strong interest in investments, quantitative analysis, risk management, mathematics accounting, finance, or other functional business areas related to investment management is required.

Knowledge/Skills/Abilities

• Proficiency in PowerPoint, Excel, Word.
• Intermediate knowledge of or interest in economic concepts, financial markets, and investment research and analysis
• Interest in applying investment research techniques and in analyzing and evaluating data.
• Interested in programming or learning to program with Python, R, Tableau/Power BI, SQL, or VBA.
• Honest, ethical and mission focused.
• Strong attention to detail and the ability to manage competing priorities.
• Excellent written and verbal communication skills.
• Willingness to demonstrate initiative.
• A strong desire to reflect, receive and provide feedback, and to continuously improve.

Key Benefits

Texas PSF’s status as a special purpose governmental corporation allows for a unique opportunity to provide state employee benefits along with other company perks. Our extensive state employee benefits package includes retirement benefits, employer paid health and basic life insurance, generous paid holidays, and multiple retirement options—along with longevity pay and a range of optional insurance plans. You can find additional benefits details at www.ers.texas.gov. Employees also enjoy various in‑house training and professional development opportunities, free downtown parking, flexible work arrangements, and an office location near the Moody Amphitheater at Waterloo Park.

Required Minimum Qualifications

• Must be enrolled in an accredited institution.
• Must be an Undergraduate rising Junior or Senior (May 2026 graduates are welcome), or a Graduate Student.
• Cumulative GPA of 3.0 or higher while majoring in General Business, Accounting, Finance, Math/Statistics, Economics, Data Science, or Engineering. Other degrees may be considered.
• Strong interest in investments, quantitative analysis, risk management, mathematics accounting, finance, or other functional business areas related to investment management is required.

Knowledge/Skills/Abilities

• Proficiency in PowerPoint, Excel, Word.
• Intermediate knowledge of or interest in economic concepts, financial markets, and investment research and analysis
• Interest in applying investment research techniques and in analyzing and evaluating data.
• Interested in programming or learning to program with Python, R, Tableau/Power BI, SQL, or VBA.
• Honest, ethical and mission focused.
• Strong attention to detail and the ability to manage competing priorities.
• Excellent written and verbal communication skills.
• Willingness to demonstrate initiative.
• A strong desire to reflect, receive and provide feedback, and to continuously improve.