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Internship Small Hedge Fund Jobs (NOW HIRING)

$55 - $75/hr

... credit, hedge fund, and family office clients. Built from the ground up for accuracy and ... Prior internship or professional experience in fund accounting or fund administration * Exposure to ...

$120 - $170/hr

... credit, hedge fund, and family office clients. Built from the ground up for accuracy and ... A firm small enough that your work is visible, with a defined path for growth Equal opportunity ...

$110 - $140/hr

... credit, hedge fund, and family office clients. Built from the ground up for accuracy and ... A firm small enough that your work is visible, with a defined path for growth Equal opportunity ...

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Internship Small Hedge Fund information

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How much do internship small hedge fund jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for internship small hedge fund in the United States is $15.54, according to ZipRecruiter salary data. Most workers in this role earn between $12.50 and $17.55 per hour, depending on experience, location, and employer.

What is an internship at a small hedge fund?

An internship at a small hedge fund is a temporary position, typically for students or recent graduates, where you gain hands-on experience in investment management and financial analysis. Interns at small hedge funds usually work closely with senior team members, performing tasks like researching investment opportunities, analyzing financial statements, and assisting with portfolio management. The environment is often fast-paced and offers exposure to a variety of financial instruments. This type of internship provides valuable industry insight and the opportunity to develop practical skills in finance.

What types of projects and responsibilities can interns expect during an internship at a small hedge fund?

Interns at small hedge funds often work on a variety of projects, ranging from conducting market research and financial analysis to assisting with portfolio monitoring and trade execution. Due to the lean structure of small funds, interns typically take on more hands-on tasks and interact directly with portfolio managers and analysts. This environment allows for greater exposure to decision-making processes and a broader understanding of investment strategies. Interns can expect to develop strong analytical skills, learn about risk management, and gain insight into real-time market operations, all while contributing meaningfully to the team's objectives.

What are the key skills and qualifications needed to thrive as an intern at a small hedge fund, and why are they important?

To thrive as an intern at a small hedge fund, you generally need strong quantitative and analytical skills, coursework in finance or economics, and a demonstrated interest in financial markets. Familiarity with financial modeling, Excel, Bloomberg Terminal, and possibly programming languages like Python or R is often expected. Attention to detail, initiative, and strong communication skills help set candidates apart in a collaborative and fast-paced environment. These skills enable interns to effectively support investment research, analysis, and decision-making, contributing real value to the fund's performance.

What is the difference between Internship Small Hedge Fund vs Investment Analyst?

AspectInternship Small Hedge FundInvestment Analyst
Required CredentialsTypically pursuing or recent graduate, some finance or economics backgroundBachelor's degree in finance, economics, or related field; often requires some experience
Work EnvironmentSmall, fast-paced, entrepreneurial setting with close team interactionMore structured, corporate environment with defined roles and responsibilities
Employer & Industry UsageUsed by small hedge funds for talent scouting and trainingCommon in asset management firms, banks, and investment firms

While both roles involve finance and investment analysis, an Internship Small Hedge Fund offers hands-on experience in a small, dynamic setting, often serving as a stepping stone to a full-time investment analyst position. An Investment Analyst role is more structured, with greater responsibilities in research and portfolio management within larger firms.

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What are the most commonly searched types of Small Hedge Fund jobs?

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What job categories do people searching Internship Small Hedge Fund jobs look for?

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Infographic showing various Internship Small Hedge Fund job openings in the United States as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution, with an average salary of $32,333 per year, or $15.5 per hour.

Analyst, Fund Administration, Omnium Services

Northern Trust

Chicago, IL

$48K - $72K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 days ago


Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Our Integrated Portfolio Services (IPS) group brings together teams that help support investment operations, reporting, insights, and client service across Northern Trust. As an IPS Analyst in Fund Administration, you'll join a dedicated client team supporting a high-profile hedge fund client within Northern Trust Hedge Fund Services. This is a great opportunity to learn how fund accounting, financial reporting, and client support come together in a real-world business setting.

In this role, you'll support core fund administration and financial reporting activities while learning from experienced team members. The position is designed for recent graduates in accounting, finance, or a related field and will help you build foundational skills in monthly NAV close, investor accounting, reconciliations, and financial reporting. You'll start with clearly defined work, including preparing data, completing reconciliations, supporting journal entries, and contributing to client deliverables. Along the way, you'll gain exposure to fund structures, accounting processes, and the systems used to support our clients.

What You'll Do

  • Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review
  • Gather, check, and organize financial data that is shared with clients and investors
  • Support the monthly close process by preparing journal entries, schedules, and reconciliations with guidance from senior team members
  • Assist with financial statements and supporting schedules for funds
  • Prepare audit support materials and help respond to auditor requests with team guidance
  • Take part in team learning, training, and development opportunities
  • Complete assigned tasks while building your technical knowledge of fund administration and IPS processes
  • Follow established processes, meet deadlines, and raise questions or issues when support is needed
  • Contribute ideas that help improve how the team works and delivers for clients

What You'll Gain

  • Hands-on exposure to hedge fund accounting, financial reporting, and client support early in your career, while working with a high-visibility team supporting a marquee hedge fund client.
  • A supportive environment where you can build confidence, learn defined processes, and grow into more complex responsibilities over time.
  • Opportunities to develop skills in technical accounting, financial reporting, data analysis, systems, process management, problem solving, communication, and collaboration.
  • A path to explore future growth within the team, Fund Administration, Integrated Portfolio Services, or other areas of Northern Trust as your experience develops.

The Knowledge and ExperienceYou'll Bring

  • Basic understanding of accounting principles, including debits, credits, and financial statements
  • Strong attention to detail and the ability to stay organized
  • Clear written and verbal communication skills
  • Ability to follow established procedures, manage priorities, and meet deadlines
  • Proficiency in Microsoft Excel
  • Interest in learning financial systems, such as subledger, ERP, or investor accounting platforms
  • Motivation to learn, ask questions, and contribute in a collaborative, team-based environment
  • Bachelor's degree in Accounting, Finance, or a related field required
  • Relevant work experience preferred; recent graduates with relevant coursework or internship experience may be considered

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Salary Range:

$48,000 - 72,000 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.



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