MSRP Summer Investment Associate Intern

The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System (the “System”).  The System is a multi-employer, public employees’ benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the system.

The Investment Division of the Maryland State Retirement Agency seeks two bright, highly motivated individuals to join our Investment Associate Internship Program.  Each Intern will have a hands-on opportunity to apply what has been learned in the classroom to a real world, large-scale investment operation. The interns will be assigned special projects, learn how to utilize financial software, and work with experts who are responsible for investing the plan assets of the Maryland State Retirement and Pension System, totaling approximately $68 Billion as of June 30, 2024.

The Interns, like our Investment Team, must maintain a positive team management approach and be both results driven and creative problem solvers who work together to assist the team in managing our global multi-asset portfolio.

The Investment Division is committed to providing a professional work experience that will give the Investment Associate Interns a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and innovative thinkers.  Interns will have the opportunity to work on special projects in one or more areas including Public Equity, Fixed Income, Real Estate, Private Equity, Absolute Return, Compliance, and/or Accounting and Operations.

Maryland State Retirement Agency

120 East Baltimore Street

Baltimore, MD  21202

Internship Program.

Each Intern will have a hands-on opportunity to apply what has been learned in the classroom to a real world, large- scale investment operation. Selected interns will be assigned special projects, learn how to utilize financial software, and work with experts who are responsible for investing the plan assets of the Maryland State Retirement and Pension System, totaling approximately $68 billion as of June 30, 2024. This is an opportunity for students going into their junior, senior, or graduate studies, or a recent graduate (December 2024 or May 2025) at the start of the internship.

Education: Current sophomores, juniors, or seniors matriculating to junior, senior, or graduate status in a four-year college or university at the start of the internship with a 3.0 or higher GPA.  All majors will be considered. 

Experience: None

****TRANSCRIPTS ARE REQUIRED FOR THIS RECRUITMENT.

While there are no minimum requirements for STEM or finance-related subjects, successful candidates typically have completed some STEM courses. Preference will be given to applicants who possess all or some of the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications to receive credit.

·   Excellent communication and interpersonal skills.

·   Intellectual curiosity and strong problem-solving skills.

·   Excellent analytical skills and attention to detail.

·   Proficient in Microsoft Excel, Word, and PowerPoint.

·   Ability to work independently with moderate direction and as part of a team.

·   Ability to establish and maintain cooperative working and professional relationships.

·   Ability to quickly adapt to changes in priorities, assignments, and timelines.

·   Possession of high integrity and ethical values.

·   Have ties to Maryland (attendance of the Maryland based university and/or Maryland residence).

Dates of the Internship

The start of the internship is TBD (estimated late May/early June). This internship will run about 10 to 12 weeks, subject to the availability of selected candidates. This internship will follow a hybrid model: a combination of in-person and virtual presence will be required.

Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date. Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the eligible (employment) list for at least one year.

The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.

Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: Department of Budget and Management, Recruitment and Examination Division, 301 W. Preston St., Baltimore, MD 21201. Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted.

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov or 410-767-4850, MD TTY Relay Service 1-800-735-2258.

We thank our Veterans for their service to our country.

People with disabilities and bilingual candidates are encouraged to apply.

As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.

For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.