2021-2022 NAIC MBA Fellowship

Established in 1971, the National Association of Investment Companies (NAIC) is the trade association for diverse owned-private equity firms and hedge funds. NAIC’s membership consists of over 110 firms representing over $191 billion in assets under management (AUM). For additional information about the NAIC, visit http://www.naicpe.com.

The NAIC MBA Fellowship is designed to introduce female and/or diverse second-year MBA students with a focus in finance to the universe of diverse-owned private equity firms and hedge funds. Fellows will gain knowledge and understanding of relevant issues and opportunities within the industry.

Desired Qualities

  • Exceptional team member with a focus on a career in private equity or the hedge fund industry
  • High performing communicator, both written and verbal
  • Passionate about increasing diversity and inclusion in financial services
  • Responsive and committed to excellence in the execution of responsibilities
  • Skilled at research, modeling and developing high quality, data-rich presentations

Structure and Compensation
The MBA Fellowship is a 10-month compensated fellowship; each year we will engage two second-year MBA students as a Fellow. Fellows will be compensated at a monthly rate of $3,000.00, or a total program cost of $30,000. The stipend is payable either directly to the Fellow or to their business school to cover a portion of tuition. Fellows will be required to work a minimum of 10 hours per week on NAIC assignments. Fellows will report to NAIC’s Executive Vice President. Due to the unprecedented response to the COVID-19 pandemic, the Fellowship will be 100% virtual unless stated otherwise. Travel would only be required for special NAIC meetings and travel expenses will be covered by NAIC.


  • Research on the Capital Allocator landscape, NAIC Member Firms, Emerging Manager programs across the country, and other relevant subject areas
  • Data aggregation and complex presentation development
  • Research and identification of potential NAIC members in the Private Equity and Hedge Fund sectors
  • Development of a database of top diverse talent for relevant opportunities on portfolio company boards, as operating executives, and other positions relevant to our membership and stakeholder base

The 2021-2022 Fellowship period begins on September 7, 2021 and will end on June 30, 2022.

To apply, all interested applicants should submit a 1-2 page resume directly to MBAFellowships@naicpe.com.

Click here for additional information about NAIC.

By MIT Sloan CDO
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