WINTER INTERN – RESEARCH – UNPAID
ABOUT THE COMPANY
FCLTGlobal is a not-for-profit organization in the financial services sector, located in Boston. The organization works to encourage a longer-term focus in business and investment decision making by developing practical tools and approaches to encourage long-term behaviors across the investment value chain. Longer-term investments create value for all stakeholders, and benefit savers and corporations, alike.
Focusing Capital on the Long Term began in 2013 as an initiative of the Canada Pension Plan Investment Board and McKinsey & Company, which together with BlackRock, The Dow Chemical Company, and Tata Sons founded FCLTGlobal in July 2016.
The organization has a huge opportunity to have deep and lasting impact on business, capital markets and society more widely and is supported by leading corporations, asset managers and asset owners across the globe and a Board compromised of leaders from these organizations.
For more, see https://www.fcltglobal.org/about/.
FCLTGlobal is seeking an individual to join the research team as a winter term intern. This is an exciting opportunity to lay the foundation for our research projects, gain access to real-world corporate and finance decision makers, and acquire high-profile mentors.
As an organization that works to encourage a longer-term focus in business and investment decision-making through the development of practical tools to support long-term behaviors, FCLTGlobal is looking for two driven individuals to lay the groundwork for its research projects. Your work will include reviewing academic literature to understand the state-of-play, identifying points of friction between parties, and forming practical next steps on issues.
The majority of your time will be spent building the foundation for a new research project, including, but not limited to, one of the following topics (FCLT will finalize and decide on topics by Mid-to-late November):
– Climate pay – examining how (and if) companies are incorporating climate goals into executive compensation, and what the right metrics should be to incentivize long-term behavior
– Shareholder composition – examining how companies’ shareholder base has changed over time (domestic/foreign, active/passive, concentration etc.), and its potential impact on corporate and investors
– Board composition – identifying what an ideal future boards look like (e.g. employees, activist, and investor representations, diversity and inclusion), and what its long-term implications are for management
– Private equity and IPO structures – examining different structures and covenants to for PE-backed firms to stay long term (e.g. SPACs, long-term stock exchanges, direct listings, loyalty shares etc.)
– Long-termism and credit ratings – examining whether improvement on long-term principles can be a leading indicator for credit rating upgrades
– Mutual fund rating systems – examining whether we can get long-term principles into current fund rating systems like Morningstar to change fund manager behaviors for the long term
For this internship, we would like to find someone with a keen interest in finance who’s passionate about putting academic research into practice. Ideal candidates should have strong research, writing, and communication skills, working understanding of Microsoft Excel, and be familiar with the academic research process.
COMPENSATION AND DURATION
This internship will be conducted in person at FCLTGlobal’s office at 31 St. James Avenue in Boston’s Back Bay area. The internship will be an unpaid position for 4 weeks, spanning the month of January.
HOW TO APPLY
To apply please email your CV and a cover letter to Allen He at email@example.com. Applications are strongly encouraged from a diverse set of backgrounds; candidates must have legal work status in the United States.
Applications will be considered on a rolling basis. We thank everyone for their interest; however, only those selected for an interview will be contacted.