Is your firm considering participation in the 2022 IVCA Scholar Program? Get details here!

Is your firm considering participation in the 2022 IVCA Scholar Program? Get details here!

September 29, 2021

IVCA is organizing and launching a Summer Intern Program for summer 2022. The goal of this IVCA Scholar Program is to identify and encourage promising and highly qualified young women and minority college students interested in PE/VC as a possible career. Through this program and other initiatives, IVCA hopes to help increase the talent pool of qualified women and minority candidates for our industry.

Students will work at an IL venture capital or private equity firm for this 10-week paid internship. At the beginning of the summer, students will participate in a two- to four-day training program the first week – run by IVCA – designed to help them learn the basics before they start work. In addition, IVCA will put together educational and informational luncheons throughout the course of the summer for interns to further their knowledge of the industry.

Firm Cost:
Firm participation fee is $12,500 which includes:

  • Intern compensation paid by IVCA
  • Financial Modeling Class
  • Incidental event expenses
Internship Details:
  • Internships will be 10 weeks in duration beginning June 13, 2022 and ending August 19, 2022.
  • Firms will schedule specific weeks and work hours with the student.
  • Interns will be expected to participate in all IVCA-organized coaching/training, career development events and visits to participating firms during the summer internship.
  • Intern will work at a venture capital or private equity firm and responsibilities will vary by student experience and firm requirements.
  • No housing or transportation will be provided.
  • Interns will be expected to successfully complete Financial Modeling program with certification (Course is paid for by IVCA)

Firms interested in hiring an IVCA Scholar should email Kathy Pyne or reply to this email by October 8, 2021.

NOTE: This is not a hiring track internship.

Selection criteria:

  • Students must attend a university in Illinois or be a permanent resident of Illinois
  • Strong Communication, Analytical and Excel skills
  • Some Finance and Accounting coursework
  • Has completed at least 2 years of undergraduate coursework. Preference given to rising juniors.
  • Students must be a US Citizen
  • Qualifies as a person of color according to US Census Bureau (E.g. African American, Hispanic, Native American/Alaskan Native) OR is a woman
Selection Process:
  • Applications will be pre-screened by IVCA and presented to all participating member firms by November 2nd.
  • Firms will let IVCA know which candidates they'd like to interview by November 9th. Firms will set up interviews after IVCA introductions.
  • Each participating firm will submit to IVCA a rank-ordered preference of the candidates they would be willing to host for the summer by November 19th. Interviewing students may receive more than one offer and each is free to accept whichever s/he prefers.

NOTE: IVCA Member “friends and family” are not eligible.

Thank you to our 2021 IVCA Scholar host firms:

  • Avathon Capital
  • Concentric Equity Partners
  • Frontenac
  • Growth Catalyst Partners
  • GTCR
  • Hyde Park Venture Partners
  • OCA Ventures
  • Patriot Capital
  • Prairie Capital
  • Pritzker Private Capital
  • Sandbox Industries
  • Sawdust Investment Management
  • The Vistria Group
  • Wind Point Partners