ABOUT THE MILKEN INSTITUTE’S GLOBAL MARKET DEVELOPMENT PRACTICE
The Milken Institute is a non-profit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs, and improve health. We do this through independent, data-driven research, action-oriented convenings, and meaningful policy proposals.
The Institute’s Global Market Development (GMD) practice helps build and strengthen financial markets in emerging markets and developing economies. The practice does so in several ways, including (i) by facilitating an informed and coordinated policymaking process across government institutions, private-sector stakeholders, and civil society; (ii) by providing training to a generation of leaders in central banks, finance ministries, securities regulators, and other agencies charged with supervising and/or developing financial markets; and (iii) working with international development partners to pursue innovative approaches to financing the Sustainable Development Goals (SDGs).
ABOUT THE INTERNSHIP
The intern will join the GMD team in the Spring 2020 semester, with the possibility of extension into the Summer and the following Fall. This is a paid, temporary, non-exempt position. She or he will assist senior staff on a number of projects, ranging from researching financial markets in developing countries, to conducting literature reviews and maintaining datasets, to supporting the IFC-Milken Institute Capital Markets Program, a training program that brings mid-career civil servants from developing countries to the United States for 8 months of intensive training and practical experience.
The intern’s primary work at the Milken Institute will include the following:
- Conducting research and preparing background materials on financial markets in developing and emerging economies
- Analyzing reports from international financial institutions to investigate a country’s financial health and strategic priorities
- Managing lists of stakeholders and planning for convenings with policymakers and financial experts as well as panels at Milken Institute summits and conferences
- Supporting the development of our training program and staffing our educational events for IFC-Milken Institute Fellows
- Assisting with additional GMD work as needed
The intern will be expected to spend a minimum of 20 hours per week in-person in the Milken Institute’s Washington, DC office. The intern will be paid an hourly rate.
The intern will be a part of the GMD team and will report to the Executive Director. The intern will work closely with GMD staff as well as the wider Milken Institute team in Washington, DC, and around the world.
It is essential that the applicant be 1) authorized to work in the United States of America for the duration of the internship and 2) be located in the Washington, DC, area. Anyone who does not meet these requirements should not apply.
The ideal candidate will possess the following characteristics:
- Knowledge of capital markets and economic development: The intern will be expected to be financially literate and able to knowledgably discuss themes related to both equity and debt capital markets as well as wider issues of economic development. Knowledge of the banking sector, financial inclusion issues, FinTech, money markets, derivatives, financial regulation, and the debates about foreign aid and assistance would also be useful.
- Professionalism: The intern will be expected to represent the Milken Institute to external parties, including to senior policymakers and/or business executives, with a high level of professional courtesy and tact. The ability to write a good business email is essential, as is the ability to hold a meaningful conversation on the phone. We are also looking for someone who is comfortable working in multicultural environments and with international organizations. Finally, attention to detail is paramount, and we begin evaluating this characteristic as soon as we open the application materials we ask for below.
- Drive: The ideal intern will be ambitious and eager to take on new responsibilities and new challenges. We are looking for someone who works hard to advance projects, even with minimal supervision.
- Native or near-native level of English: It is essential that the intern is able to speak and write in English with ease. Professional writing and editing experience would be useful. Please do not apply unless you are a highly confident English speaker.
- Statistical training and/or the ability to code: These qualities are less important than the characteristics above, but could certainly set an applicant apart from others applying for this post. If you know how to use statistical software or know coding languages, it is recommended that you highlight these abilities in your cover letter.
Current graduate students pursuing degrees in finance, economics, business, international political economy, or public policy are strongly encouraged to apply, but we are open to accepting applications from graduate students from other disciplines as well as from exceptional undergraduates. There is a preference for current students, though recent graduates are also welcome to apply.
HOW TO APPLY
Please submit 1) a current resume and 2) a cover letter explaining their interest and aptitude for the position. Applicants are also invited to share a professional or academic writing sample, but this is optional. All application materials should be attached as PDF files. Any application that does not include both a cover letter and a resume saved as PDFs will be rejected.
A word of advice: The assessment begins with seeing the names of the files submitted by applicants, so it is recommended to be as professional as possible, even in naming your files.
Applicants will be assessed on a rolling basis. After an initial screening of application materials, the strongest candidates will be invited to an interview. We are seeking an immediate hire.
Note: We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas at this time. Being authorized to work in the U.S. is a precondition of employment.
The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the employer.