Richard A. Mayo Center for Asset Management

Mayo Center - Investment Fellowship Program

Investment Fellowship Program

WHAT IS THE MAYO CENTER FELLOWSHIP PROGRAM? This program provides a financial stipend to First Year Darden students pursuing summer internships in investing roles at investment management firms or funds (e.g., public markets, real estate, private equity, etc.). Students qualifying for a fellowship will have secured a summer internship through Mayo Center-sponsored listings in DCL (no student-initiated opportunities can be supported at this time). The purpose of the program is to offer support for students in immersive investment roles in which they will have hands-on experience. Students will gain valuable experience working for an investment firm. Firms benefit from having access to talented Darden MBA students for the summer and potential hires. To promote and support student involvement with these firms, the Mayo Center provides stipends to supplement Fellows' summer salaries, with the sponsoring firm matching or exceeding that amount.

WHO'S IT FOR? Current MBA students pursuing careers in asset management.

WHEN IS IT? During the summer between the First and Second Years at Darden.

WHERE IS IT? Various locations.

HOW DO I APPLY? All positions qualifying for a Mayo Center Fellowship will be identified as such in DCL.

If you have questions, contact: Aaron Fernstrom (Director, Mayo Center for Asset Management)

  • Benefits & Timetable


    • 10-week summer fellowship with an investment management firm
    • Supported by the Mayo Center for Asset Management and sponsored by principals from leading investment firms
    • Stipend from the Mayo Center
    • Stipend from the sponsoring firm


    1 December – 16 December: Application Window
    17 January – 21 January: Interviews
    1 February – 17 February: Offers Extended
    20 February – 3 March: Offers Accepted/Finalized

  • Student Guidelines

    To be eligible for a fellowship, students must commit to the following/meet the following requirements:

    • First-Year Darden student in good academic standing, including those in the Executive MBA Program
    • The internship duration must be at least 10 weeks. Vacations during this period may be negotiated with the company, with the ending or beginning date extended appropriately.
    • Perform any reasonable activity assigned by the company, recognizing that the company should make every effort to fully utilize the professional skills and graduate school experience that each student brings to the position.
    • Participate (with the company’s acceptance and support) in joint activities designed to support the educational process by facilitating the sharing of experience.
  • Funding & Commitments

    The Mayo Center provides stipends for its Fellows. It is expected that the sponsoring firm will match or exceed the amount. The student stipends included in this program may impact your financial aid. Please contact the Darden Financial Aid Office with any questions.

    Students who accept a Mayo Center Fellowship are making a formal commitment to work for the sponsoring firm. Once the fellowship has been accepted, awardees may not later rescind it in favor of another opportunity; this would be unfair to the sponsoring firms and other applicants. Mayo Center Fellows also commit, at the conclusion of the internship, to deliver a brief summary report (1,000 words), to be shared with sponsors, alumni, and senior leaders at the Mayo Center and Darden School of Business, highlighting results and accomplishments, challenges encountered, goals for the year ahead and the impact the internship had/will have on your future career. Students applying for a Mayo Center Fellowships must also accept the terms and conditions below:

    • The internship for which the fellowship is awarded is the only internship the student can take part in during the summer
    • Upon the award of a fellowship, students must notify any companies or organizations they are still interviewing with that they have accepted an offer for the summer and will withdraw from further interviews and/or internship discussions with them
    • The firm or fund the student is working for cannot be owned by any family member
  • Past Fellows

    Nishit Shah - The London Company

    Matt KillianMonashee Investment Management
    Ryan McCarthyMonashee Investment Management
    Charles PattonUVIMCO
    Andrew SheltonSands Capital Ventures
    Lauren Wippman Sands Capital Ventures
    Marc YoungentobCity Capital Ventures

    Kelly JohnsonHarbert Growth Partners
    Aditi RajagopalTransform Capital
    Niv TschaikovTransform Capital
    Miranda WitzigSands Capital Ventures

    Stephanie HeppSands Capital Ventures
    Bill Igou Sands Capital Ventures
    Charles PerkinsThe London Company
    Church Waesche BlueHawk Investment Group
    Stephen JoyNew Stack Ventures

    Mike Kellet BlueHawk Investment Group


    Moving forward, opportunities in venture capital will be through Darden’s Venture Capital Initiative, and through the Darden Venture Fellows program.

  • Current Sponsors

    Bridge Investment Group
    The London Company
    M&G Investments
    Rotunda Capital
    Thompson Street Capital Partners


    Additional firms will be added as they are confirmed. All Mayo Center Fellowship opportunities for the Summer of 2023 can be found in DCL.