Summer Analyst MBA

Waterfall Asset Management LLC; New York (NY); On-site; USD 167,400; Full time

Job summary

Waterfall Asset Management LLC seeks an MBA Summer Analyst in New York. This 10-week program provides candidates with exposure to core investment processes and the opportunity to work closely with senior investment professionals.

The analysts will undergo two four-week rotations across various investment verticals and engage in real-time investment opportunities, ultimately presenting findings to the firm's Investment Committee.

Qualifications

• Currently pursuing an MBA with expected graduation between December 2027 and June 2028.
• Minimum 3.75 GPA or equivalent.
• Interest in finance and capital markets.

Responsibilities

• Gain hands-on exposure to core investment processes.
• Conduct due diligence, transaction modeling, and investment memo creation.
• Present investment opportunities to the Investment Committee.

Skills

Analytical skills

Quantitative skills

Communication skills

Time management

Self-starter

Education

Currently pursuing MBA degree

Tools

Coding languages

Job description

Summer Analyst Objectives

As an MBA Summer Analyst at Waterfall, you will gain hands‑on exposure to the core investment processes of a leading alternative asset manager. This 10‑week program is designed to provide MBA candidates with practical transaction experience, advanced financial modeling exposure, and direct interaction with senior investment professionals.

The program begins with a firm‑wide orientation and targeted training curriculum tailored to MBA‑level candidates, including refresher and advanced instruction in debt cash‑flow modeling, bond mathematics, and structured credit. You will build upon your prior academic and professional experience while developing a deeper understanding of specialty finance and credit investing.

Summer Analysts will complete two four‑week rotations across different investment strategies, allowing for meaningful contributions to live transactions and investment decisions.

Summer Analysts’ Opportunities

• Two 4‑week rotations across the firm’s various investment verticals, including:
  • Private Credit
  • CRE Loans
  • CRE Equity
  • ABS/CMBS/RMBS Trading
  • Residential Whole Loan Trading
  • HY Corporate Credit Trading
• Work with senior portfolio managers and investment teams on all aspects of the investment process, including conducting due diligence, transaction modeling, underwriting, investment memo creation, and trade or deal execution.
• As a final project, present an investment opportunity from a list of live, real‑time opportunities with full underwrite to the firm’s Investment Committee (including firm Partners and Managing Partners).

Qualifications and Education Requirements

• You are currently pursuing an MBA degree with an expected graduation date between December 2027 and June 2028.
• Strong academic performance (minimum 3.75 GPA or program equivalent).
• Strong analytical & quantitative skills.
• Knowledge of finance & capital markets and have an interest in finance.
• Ability to perform in a dynamic, rapidly changing environment.
• Strong interpersonal and excellent verbal and written communication skills.
• Self‑starter with the ability to multi‑task and drive projects to completion.
• Motivated, passionate, team player that displays future leadership capabilities.
• Excellent time management skills with ability to meet deadlines.
• Experience with coding languages, preferred not required.