This program is an opportunity for finance, business management, accounting and other majors to have a global investing internship and to experience life as a global financial analyst focused on companies headquartered in Europe. The internship provides real-world experience to participants by allowing students to act as members of a portfolio management company, investing assets of a real-world $2.0mn investment fund (GFA Fund). Students are organized into country and industry analyst teams, and are assigned companies to analyze. Core skills gained go beyond mere analysis of companies and how to manage investments-students learn distinctive business leadership skills by managing real money and running an asset management firm under two instructors who have or currently manage money for a living.
Prior to on-site company visits in Europe, student analysts perform country, industry, and company analysis, using cutting edge hedge fund and asset management tools and frameworks. Students build financial models, forecast earnings and financial statements, and perform valuations. The entire “management company” of student interns then visits each company in their respective countries, interviews management, visits specific manufacturing facilities, finalizes the earnings forecasts, company valuations, industry analyses, and management presentations, culminating in recommending a company as a “buy, sell, or hold” for the actual GFA portfolio. Upon return to the US, student teams present investment recommendations to local asset management firms’ portfolio managers, including Grandeur Peak Advisors, Goldman Sachs, and Wasatch Advisors among others. This program can be included on a resume as a 3-month international internship.