MBA Internship - Investment Management at Vanguard

Malvern, Pennsylvania, United States

Vanguard Logo
Not SpecifiedCompensation
Internship, Mid-level (3 to 4 years)Experience Level
InternshipJob Type
UnknownVisa
Investment Management, FinanceIndustries

Requirements

  • Undergraduate degree and current enrollment in an MBA program
  • Minimum of 5 years of post-graduate work experience reflecting a progression in responsibilities and expertise, including relevant exposure to investment management
  • Comfort with ambiguity and a willingness to explore a variety of challenges and pivot as needed
  • Deep interest and understanding of financial markets
  • Highly motivated with a proven foundation in investments, curious mind, mental agility, and resourcefulness
  • Outstanding analytical skills
  • Excellent relationship management and leadership skills
  • Clear, eloquent communicator with comfort making brave decisions, ability to collaboratively influence, and effectively interact at all levels in a matrixed environment
  • CFA or progress towards CFA highly preferred but not required
  • Familiarity with R, Python, SQL preferred but not required
  • Experience with investment research, portfolio management, trading, or investment strategy preferred
  • Ability to work hybrid in Malvern, PA headquarters (no visa sponsorship; contingent on successful drug-screening)

Responsibilities

  • Engage in a high-impact strategic assignment in one of Vanguard's key business areas to help meet the financial needs of investors
  • Identify critical insights for Vanguard to drive the business forward
  • Experience Vanguard's culture of continual growth, learning from world-class investment professionals, and exposure to global investment, corporate strategy, and investment strategy teams
  • Receive rigorous coaching and mentorship from an MBA program manager and senior department management to prepare for a leadership role
  • Connect with a robust alumni network
  • Solve business challenges in a dynamic industry, drive initiatives forward in a team environment, and collaborate with others

Skills

Investment Management
Corporate Strategy
Investment Strategy
Strategic Analysis
Financial Analysis

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters
1975Year Founded
SECONDARYCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage
Onsite health clinic & fitness center
Health Smart Rewards program
Vanguard Retirement Savings Plan
Education Benefits
PTO
Family Planning Benefist
Parental leave
Personal development opportunities
Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.
Vanguard's stake in Steelcase exposes it to the volatile furniture market.
New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.
The firm offers low-cost investment products, making it attractive to cost-conscious investors.
Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.
The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.
Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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