Finance Internships in Cleveland: Launching Your Career

Cleveland, a city on the rise, offers a unique blend of affordability, vibrant culture, and exciting career opportunities, making it an ideal location for aspiring finance professionals. Finance internships in Cleveland provide invaluable hands-on experience, networking opportunities, and a chance to explore a city with a rich history and a promising future.

Cleveland Research Company (CRC) Internship Program

CRC’s summer internship program is uniquely designed to give students a comprehensive understanding of the role of an analyst as well as other operational elements of their research firm. For students eager to make an immediate impact, Cleveland Research offers an internship program that provides real responsibility and the chance to contribute meaningfully to the team and the entire research firm from day one.

Program Overview

The CRC internship program spans 12 weeks, running from May to August. Summer interns work alongside a research team covering a specific industry as well as publicly traded companies across one of five sectors: consumer, industrial, fintech & payments, technology, and healthcare.

Responsibilities and Opportunities

Interns at CRC can expect to build relationships with industry contacts, compile data, analyze proprietary market research, and help write reports for institutional money manager clients. The internship program is more than shadowing a research team; you will have several hands-on experiences at a top research firm. This includes an independent project for one of our hedge fund clients, weekly group discussions with CRC’s President, and a mock portfolio competition. Interns are also evaluated for full-time opportunities within the firm upon graduation.

Training and Mentorship

CRC provides several classroom-style training sessions, and every research intern is paired with a seasoned mentor. Interns may also have the opportunity to travel to a tradeshow or client meeting with one of the senior analysts.

Compensation and Perks

CRC interns enjoy competitive compensation along with the perk of a fully furnished apartment situated in the vibrant heart of downtown Cleveland. At CRC, interns are seamlessly integrated into our company culture through a series of engaging events and outings. Whether it’s unwinding at a local hotspot during happy hour, participating in our annual cornhole tournament at Wendy Park, cheering on the Cleveland Guardians at a thrilling game, or indulging in a barbecue hosted at the CEO’s home, there’s always something exciting on the agenda. Additionally, interns have ample opportunities to explore Cleveland’s hidden treasures, as the city continues to rise as a prominent destination renowned for its culinary delights, sports scene, and bustling nightlife.

Intern Testimonials

Previous CRC interns have lauded the program for its meaningful work and supportive environment.

One intern said: “The internship experience at CRC is chock full of meaningful work. Whether shadowing analysts or pursuing your own goals, there is never a lack of opportunity to learn and have impact. But what sticks out the most is the people."

Another intern highlighted the autonomy provided: “I love the autonomy interns have over their days - you can spend time working on team projects or your own hedge fund project. You are given the responsibility of a new hire."

A third intern emphasized the value of learning from experienced professionals: “Learning from industry experts who are truly passionate about their work has made this summer a great experience."

Finally, one intern appreciated the comprehensive exposure to different aspects of the business: “I love the people - including the mentoring and support I’ve seen all throughout. I love that I can see different sides of the business, whether it’s the sales side or research side."

Recruitment

CRC’s recruitment team attends several fall career fairs, including Miami University, University of Dayton, and The Ohio State University.

Federal Reserve Bank of Cleveland Internship Program

For those looking to jump start their career in finance, the Federal Reserve Bank of Cleveland offers valuable internship opportunities. At the Cleveland Fed, you’ll gain valuable experience in your selected field and grow your professional network. The intern program combines academic endeavors with hands-on work to provide an immersive experience. As a student intern, you’ll also have a professional mentor to help you make the most of your time at the Bank.

Application Process

Internship openings are posted between September and November, with positions starting the following summer. The Cleveland Fed considers applications until positions are filled. Applicants will be required to submit a resume for all openings, and some roles may also require additional documents (ie transcripts). Note: Relatives of current Cleveland Fed employees or directors will not be considered for internships.

Advantages of Interning in Cleveland

Cleveland offers a unique set of advantages for students considering finance internships. Yes. Yes. You can live close to work! Cleveland is more affordable and has less traffic than many bigger cities. There's plenty to do and explore, including a network of regional parks that connects to a national park, a free world class art museum, an internationally renowned orchestra, a large theater district, three major league sports teams, the Rock & Roll Hall of Fame, and much more.

Quality of Life

Cleveland is more affordable and has less traffic than many bigger cities.

Cultural and Recreational Activities

Cleveland offers a diverse range of activities, including a network of regional parks that connects to a national park, a free world class art museum, an internationally renowned orchestra, a large theater district, and three major league sports teams. The Rock & Roll Hall of Fame is also a major attraction.

Application Timelines

Openings for internships are usually posted between September and November.

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