$6,000 iDAC Investment Fellowship

The iDAC Foundation places university students in paid summer fellowships at pension funds, state investment councils and investment firms, with mentors, technical training and professional development alongside. It is built for students with no family or industry connections to finance, and gives priority to first-generation and Pell-eligible students.

What you get:

• A summer stipend of $6,000 or more
• A placement of at least six weeks with a host organisation in investing, running June to August 2027
• Two dedicated mentors and Recalc Academy technical training
• Up to eight virtual professional development sessions
• Two expenses-paid in-person activations with the iDAC team and other Fellows, including travel to the May 2027 kickoff

What you'll do:

• Join the LP Track (rising sophomores and juniors) at a pension fund, sovereign wealth fund or endowment, or the GP Track (rising seniors and graduate students) at an asset manager in private equity, private credit, real assets or infrastructure
• Work with your host for the summer and join the Fellows cohort and alumni network

What you get:

• A summer stipend of $6,000 or more
• A placement of at least six weeks with a host organisation in investing, June to August 2027
• Two dedicated mentors and Recalc Academy technical training
• Up to eight virtual professional development sessions
• Two expenses-paid in-person activations with the iDAC team and other Fellows

What you'll do:

• LP Track (rising sophomores and juniors): placement at a pension fund, sovereign wealth fund or endowment
• GP Track (rising seniors and graduate students): placement at an asset management firm in private equity, private credit, real assets or infrastructure
• Commit to the full fellowship period, June through August 2027

Key dates:

• Applications open: 2 November 2026
• Applications close: 23 November 2026
• Finalists invited to interview
• Fellows selected: by 29 January 2027
• In-person kickoff: May 2027
• Fellowship runs: June to August 2027

More information:

• Questions go to fellowship@idacfinance.org
• The programme is administered by Washington Strategy Collective and Carr Culture Collective

• Sophomore, junior, senior or graduate student
• Studying finance, economics, public policy, business or a related field
• Cumulative GPA of 3.3 or higher
• Authorised to work in the United States (asked on the application form)
• Able to commit to June through August 2027
• Application includes a personal essay, a short answer on an investing trend, a PDF resume and relevant experience; finalists are interviewed