Investment Management Summer Associate Program for First Year MBAs
American Century Investments® attracts and hires exceptional people of high integrity who thrive in a team environment.
Operating in a generalist capacity, summer associates play a vital role. As a member of a team charged with managing one or more of the company's strategies, our associates provide timely fundamental research required for stock selection.
History and Success
Since the start of our program in 1998, 40% of our former associates have been hired as full time employees after graduation. Ninety percent of those hired are still employed with us today.
Exposure to Disciplines
Summer associates spend approximately 12 weeks at American Century Investments and may be exposed to a variety of disciplines, including:
- U.S. Growth Equity (Kansas City, Missouri)
- U.S. Value Equity (Kansas City, Missouri)
- Fixed Income (Mountain View, California)
- Quantitative Equity (Mountain View, California)
- Global & Non-U.S. Equity (New York, New York)
Multi-discipline exposure is accomplished with a planned rotation schedule.
The Summer Associate Experience
My Story - Michael Li, Ph.D., Vice President and Portfolio Manager
After graduating from the University of Michigan I was accepted to the Wharton MBA Program. In 2001, I was hired as a summer associate at American Century Investments. This was a great opportunity for me. The team oriented culture and friendly people helped me fit right in. I worked with a great team where I participated in daily discussions about stocks and learned, hands-on, how decisions are made regarding which stocks to buy or sell.
Summer associates are treated as analysts and some of the decisions as to which stocks to buy or sell were based on my recommendations.
In 2002, I began my full-time career at American Century Investments. My experience as a summer associate made it easy for me to transition from college to career. I knew exactly what I'd be doing and what was expected of me. Now, I have the opportunity to manage new summer associates. It's a great feeling to share what I've learned and help them grow as analysts.
My Story - Emily Smith, Investment Analyst
As a summer associate from New York University, I had the opportunity to analyze a wide variety of companies covering many different sectors and countries. I actively contributed to the team by recommending stocks for the portfolio.
At the start of the day we had a meeting that included the whole investment team. We started by reviewing the market events that occurred overnight and then our specific portfolio team met to discuss portfolio related news. During the rest of the day I would join other analysts and portfolio managers researching companies or working on a specific project. This gave me the opportunity to interact with others on my team and throughout the company.
I played an active role on my team and was responsible for updates, earnings and news on the companies I covered. Through my mentor and interactions with other team members, I learned the best way to structure my analysis and how to best present my ideas.
The main difference between my experience as a summer associate and my classmates was that I got to hit the ground running from day one. Many of them had to go through weeks of training before they started analyzing companies. The work I did had an immediate impact on the company.
Mentors and Feedback
Experienced professionals act as mentors to summer associates, ensuring you have someone to confer with often. Rotation managers provide feedback on a regular basis—at the midpoint of each rotation and at the end. This feedback includes a detailed review in order to gauge your progress.
Our summer associate program is a critical step in recruiting full time employees. You will be paid a competitive salary based on experience and education.
When you join our team as a summer associate, you will be enrolled on your first day in our Retirement Plan. This includes employer matching funds on your contributions.
Summer associates participate in a robust schedule of activities that foster relationships with other investment professionals and provide exposure to other business units. One such activity is our speaker series, where summer associates gain exposure to senior management.
Specific requirements are posted with each job listing. Investment management summer associates are students between their first and second year of their MBA program.
To begin the application process, use the Apply Now link in the right margin. This will take you to our career site where you may search for open summer associate positions.
We often recruit directly on campus to find top talent for our Summer Associate Program for First Year MBAs. Even though we may not come to your campus, you are encouraged to visit your university's online career board to search for open positions. Or, try the links in the right margin to visit our career site.
Please note—our Investment Management Summer Associate Program for First Year MBAs typically begins the Monday after the June CFA exam each year and ends the last Friday in August.
Frequently Asked Questions (FAQs)
To support the professional development of our summer associates, we designate experienced professionals as mentors to each of our summer associates. Mentors provide feedback and guidance in areas such as job performance, human relations and role expectations.
To build relationships with other summer associates, interns and company professionals, you may participate in planned events such as attending a professional baseball game, shared orientations or planned off-site activities.