Summer 2026

Investment Operations Analyst Intern

Posted on 12/2/2025

State of Wisconsin Investment Board

State of Wisconsin Investment Board

Manages public funds through investment portfolio

No salary listed

Madison, WI, USA

In Person

Approx 10-week in Madison; on-site internship.

Category
Finance & Banking (1)
Requirements
  • Undergraduate student pursuing a degree in business, accounting, economics, finance, or related field.
Responsibilities
  • Assist in the oversight, operational and fund accounting responsibilities for Derivatives, Securities Lending/Borrowing, Public and Private Market investments and cash management dealings.
  • Support investment operations to manage risk and prioritize technological enhancement.
  • Evaluate workflow, procedures and internal controls on a continuous basis.
  • Job shadow different areas/functions of the Global Public Markets Strategies Division.
  • As assigned, assist supervisor or other operations areas with data entry and analysis and other special needs/projects.
State of Wisconsin Investment Board

State of Wisconsin Investment Board

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SWIB manages and invests Wisconsin’s public employee retirement funds and other state assets for residents. It pursues long-term investments across stocks, bonds, real assets, and alternatives using internal research, risk controls, and external managers to build diversified portfolios and meet actuarial targets while controlling costs. As a state agency, it operates with fiduciary responsibility to public funds, emphasizing prudent stewardship, transparency, and long-horizon investing at scale. Its goal is to maximize long-term returns for Wisconsin’s public retirement systems while keeping risk and costs in check to ensure stable funding for beneficiaries.

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Madison, Wisconsin

Founded

1951

Simplify Jobs

Simplify's Take

What believers are saying

  • Core Fund 8.5% one-year return and 7.2% five-year return exceed 6.8% target.
  • Increased private equity allocation to 20% captures higher-return alternative investments.
  • Fully funded $139 billion WRS with strong asset base supports long-term growth.

What critics are saying

  • 20% private equity exposure vulnerable to valuation markdowns from rising interest rates.
  • Legislative ESG divestment mandates force $5-10B climate fund exits, reducing returns.
  • 38% public equity concentration in Magnificent 7 risks 15-20% drawdown scenarios.

What makes State of Wisconsin Investment Board unique

  • Generated $15 billion above passive benchmark over 20 years through active management.
  • Diversified across public equities, private markets, real estate, and inflation-sensitive assets.
  • Added $4 billion above benchmark returns in five years ending December 2024.

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Benefits

Comprehensive benefits package

Educational and training opportunities

Tuition reimbursement

Hybrid work environment

Relocation Assistance

Professional Development Budget

Hybrid Work Options

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