The Management Program is for outstanding MII members who would like to gain portfolio management experience. The management team is responsible for the management of both the organization and portfolio. The President and Vice Presidents are elected for specific positions listed below, while Portfolio Managers serve a generalist role. President, Vice President (COO and CIO), and Portfolio Managers have voting rights on long and short investment presentations.
President – Leads meetings, provides strategy and coordination
Vice Presidents (Chief Operating and Investment Officers)– Manages meeting schedule, coordinates the Analyst & Associate Programs
Portfolio Manager – Research, analyze, and vote on potential positions
Managers are elected for annual terms based on an investment memo, prior involvement, and discussions. Elections are typically held in December. Candidates submit an investment long/short memo and a report of detailing ideas for the Institute. Approximately one month before the election, an email will be sent to the mailing list with election details and dates. The current managers who are not running elect candidates.
Managers are expected to attend all meetings, fulfill their assigned duties, and actively participate in portfolio management. Managers are expected to conduct their own due diligence before voting on long or short investment opportunities. Managers serve as mentors to analysts and associates.
The Associate Program is for outstanding Analysts who demonstrate their ability to lead a team. An Associate leads a team of 4-5 Analysts, and is responsible for delivering the group's projects to management. Associates gain valuable, hands on management experience, and many choose to apply for positions with the Managing board.
The selection process for Associates is comprehensive, and involves an investment long/short memo, a resume drop, and two in-person interviews.
Each Associate group is assigned specific projects during the semester. Associates are responsible for coordinating and delivering their groups' work. The most effective Associates can delegate well and and bring the best out of their team.
Each associate serves a semester-long term. Incumbent associates need not submit an additional memo or create an additional presentation for reelection; however, they must have demonstrated commitment to the program to remain associates.
Entry-level members of MII are Analysts. Each Analyst is placed into an Associate group, to work as a team for the semester. Additionally, some individual work will be expected of Analysts, which will be covered in meetings.
Analysts report to Associates, and are expected to produce high quality analysis in their group's projects. We expect Analysts promoted from our Probationary Analyst program to demonstrate similar levels of knowledge and effort with our Analyst program.
Unless an exception is granted by MII's Management Team, Probationary Analysts are promoted to Analysts after their first semester with the organization.
Members in their first semester with MII are placed in the Probationary Analyst program. Each Probationary Analyst class works together through a rigorous introduction to investment analysis and financial modeling, with personal guidance and leadership from the MII Management Team
Probationary Analysts report directly to the MII Management Team. Probationary Analysts are expected to complete weekly assignments and attend MII's General Body Meetings. We expect our Probationary Analysts to be curious and driven to both learn and contribute. No background knowledge is required to be a Probationary Analyst, and the most important expectation is an enthusiasm for learning and doing.
The selection process for Probationary Analysts occurs at the beginning of the fall and spring semesters. We look for driven and intelligent candidates with a propensity and willingness to learn; no prior investment experience is required. Application materials include a long/short memo, resume, and interview with the current MII Management Team.