Analytical rigor
You’re comfortable with numbers, careful with detail and able to build a clear argument from incomplete information.
i.Internships
Learn principal investing by doing it.
Our paid internships put undergraduate and master’s students on a live team in New York or Sydney, with a mentor, real responsibility and work that informs real decisions.
Program
The program at a glance
Typical program shape; details vary by team and year.
- Who
- StudentsPenultimate- or final-year undergraduates and master’s students, in any discipline
- New York
- Northern summerTypically around 10 weeks, starting in June
- Sydney
- Australian summerTypically December–February
- Off-cycle
- During the yearWhen a team has a specific need
- Teams
- One team, start to finishInvestments, Operations or External Affairs
- Pay
- PaidAll of our internships are paid
We review applications on a rolling basis, so we encourage you to apply early.
01The work
A team, not a training class.
Interns join a team and contribute to what that team is working on while they’re here.
Join a live team
You’ll spend the internship on one team—an investment pillar, Operations or External Affairs—contributing to its live work rather than a stand-alone project.
Underwrite and research
On an investment team, you’ll build models, analyze markets and comparable transactions, and help prepare investment memos.
Join investment committee discussions
Investment interns typically sit in on committee discussions about the opportunities they’ve worked on, and see how decisions are made.
Present a capstone
At the end of the internship, you’ll present an analysis or an investment thesis to senior members of the firm.
Learn from a mentor
You’ll be paired with a mentor, typically from the investment team, who reviews your work and helps you get the most from the internship.
02Who we’re looking for
How you think matters more than what you study.
We look for penultimate- or final-year undergraduates and master’s students in any discipline. A previous finance internship helps but isn’t required. What we look for are early signs of the Caldrion DNA.
Curiosity
You want to know how businesses, markets and assets really work, and you read well beyond the syllabus.
Integrity
You’re candid about what you know and what you don’t, and you treat confidential information with discretion.
03Teams
Teams that host interns.
Most investment internships are in New York; digital assets and Asia-Pacific work is led from Sydney. See where each team is based.
New York · Sydney
Investments
Join one of our six pillars—real estate, private credit, private equity, digital assets, art & collectibles or venture capital—and work on underwriting, research and diligence for live opportunities.
New York · Sydney
Operations
Finance and accounting, legal and compliance, technology and data, or portfolio operations: the infrastructure that lets the firm move quickly and with confidence.
New York · Sydney
External Affairs
Partnerships with the families and institutions that invest alongside us, our philanthropic programs, and communications.
04Recruiting
Apply early. We review as we go.
We don’t publish fixed deadlines. We review applications as they arrive and fill places as we find the right people, so early applications are encouraged.
- 01
Applications open
Apply through our online form with a link to your CV, and tell us which team and office interest you.
- 02
Rolling review
We review applications on a rolling basis, so places can fill before the internship season begins.
- 03
Interviews
A first conversation, a short practical exercise and time with the team, in person or by video.
- 04
Offers
We aim to give every candidate a clear answer as soon as interviews are complete.
05Next steps
After the internship.
An internship is the start of a relationship, not just a summer job.
Strong interns may receive an offer to return as a full-time analyst after graduating, depending on the needs of each team. If you’re completing a specialized master’s degree, you can also apply to our post-MBA and graduate Associate program.
And if the timing isn’t right, stay in touch. We hire opportunistically and welcome former interns back at later stages of their careers.
06FAQ
Internship questions.
More answers on our careers overview.
Are internships paid?
Yes. All Caldrion internships are paid.
Do I need to study finance or economics?
No. We welcome students from any discipline, including engineering, mathematics, computer science, the humanities and law, who can show analytical rigor and a genuine interest in investing.
Can I choose between New York and Sydney?
Tell us your preferred office in the application form, or choose “Either.” Where you’re placed depends on the team you join: most investment teams are in New York, while digital assets and Asia-Pacific work is led from Sydney.
Can international students apply?
Yes. Tell us about your work authorization in the application form. Whether we can sponsor a visa depends on the role, the office and the rules that apply, so we assess it case by case.
Internships
Apply for an internship.
One short form and a link to your CV. We review applications on a rolling basis.