Stone Street Advisors LLC is seeking 2-3 undergraduate or graduate (MBA, MFin) interns interested in fundamental equity research (value-oriented, mostly bottom-up, long/short/special situations). This position is geared towards those interested in pursuing careers in investment research, investment banking, and asset management, to name a few.
Ideal candidates will have coursework in accounting and finance as well as other business/law classes. Candidates do not need to have previous investment research experience, however we strongly prefer some practical experience as the classroom and the real world are vastly different.
Extremely strong Excel proficiency is required; no exceptions.
Native English speakers preferred; those without must demonstrate native written and conversational abilities. There are no university, GPA, or test score limitations/requirements for intern positions. All else equal, we don’t care where you went/go to school or what your GPA was/is; we want people who can do the job.
Candidates must be extremely self-directed as the role involves a large degree of autonomy and self-teaching/learning. There will be a significant amount of education and instruction involved as well. Interns will work remotely with ~weekly in-person meetings and as-needed voice/video calls. Internships are part-time (approximately 20 hours/week +/-) and will start in February or March, continuing into early Summer. The position is unpaid.
Responsibilities include but are not limited to:
- Business, industry, competitive research and analysis
- Financial statement analysis
- Financial modeling and valuation
- Developing and performing stock screens
- Preparation of research reports and supporting material
- Data collection
- Ad-hoc assignments (no food/coffee trips, don’t worry)
Cover letter is not required, though you should make an effort to introduce yourself and explain your interest in/qualifications for the position. A resume is required, transcripts are not. Be creative; don’t be afraid to use whatever material/approach you think appropriate to demonstrate your qualifications for the position. If your initial application suggests you may be a good fit, you will be given approximately a week to identify an investment opportunity that you think will return 50%+ over the next 1-3 years. You will submit an investment pitch, ideally showing your understanding of the business/industry, financial analysis, and valuation. We are looking to gauge your abilities, education, experience, knowledge, resourcefulness, thought process, and attention to detail, rather than the actual pitch/idea itself, though we are, naturally, looking for good ideas with solid analytical support as well. For an example of what we are looking for, see our Overstock.com presentation.
If you want to learn, are teachable, and hungry, please apply here.