Acumen Fund Internships: A Pathway to Financial Freedom
A new dawn for Ghanaian students and fresh graduates has arrived. Two lucky persons will get the opportunity to gain real-world experience as an intern at Acumen Funds West Africa. My blog post will give you all the information you need to apply for Acumen Fund Internships. Moreover, as a former intern, I have the experience to guide to success with this blog post.
Overview of Acumen Fund Internships
Acumen Funds Internships are open to two Ghanaian students or fresh graduates each summer. The internships allow eligible candidates to work with portfolio team members. Their duty will be to grow and manage Acumen’s investments in West Africa. In addition, they will help their team to identify, analyze, and structure Acumen’s future investment in West Africa, especially Ghana.
Duties of Acumen Fund Interns
Successful applicants for the Acumen Funds Internships will perform the following duties. They include:
- To identify and structure new investment opportunities for Acumen in West Africa.
- To conduct due diligence with other portfolio team members on finding companies with a promising approach to agriculture, health solutions, water & sanitation, and housing in low-income markets in the country.
- To organize and prepare detailed documents for Acumen Senior Management, Acumen’s Investment Committee, and Acumen Board of Trustees.
- To ensure the implementation of investment structuring, execution, monitoring, and compliance.
- To work with Communication teams to derive, analyze, report, and share what they learn from the portfolio investment and management activities.
- To contribute to the objectives of Acument by being part of the business development, communications, and leadership activities.
Benefits of Acumen Funds Internships
Participants in the Acumen Funds Internships will receive the following benefits:
Gain real-world experience with financial experts: Interns at Acumen have the opportunity to work with financial experts who are a part of the portfolio team members. You will learn from them through the projects and duties you perform. Moreover, their supervision will help you to gain more experience, which you can use to develop your business.
A chance to travel around the world: You can travel to various parts of the world as an Acumen Funds intern. However, you will have to pay your visa fees. Acumen Office in Accra will only assist you in the visa application process.
Acquire new skills: Among other benefits, you must get new skills as an Acumen Funds intern. Some of the new talent sets you will get include management, analytical, communication, problem-solving, and teamwork. In addition, it is an opportunity to improve and develop your old skills.
The compensation is reasonable: Above all, you will make a good monthly salary. Your monthly earnings will be GHC 1440, which is approximately $600.
Requirements for Acumen Funds Internships
Applicants for this internship will meet the following requirements and qualifications. Otherwise, they will not be eligible. They include:
- Must be at least 18 years of age
- Must be a first-year advanced degree candidate
- Must have a passion for social justice and ending global poverty
- Must have experience in financial analysis, especially in venture capital or private equity
- Must have excellent written and verbal communication skills
- Must have management consulting experience
- Must have a basic understanding of the global economy and development issues
- Must be committed to Acumen’s mission
- Must have a strong work ethic and willingness to work hard
- Must possess international work experience
- Ability to take the initiative with research and analysis
- Desire to present business ideas to Acumens senior management
How to apply for Acumen Funds Internships
Interested candidates for this internship must start in time to prepare for the application process. Only two students who meet the criteria above can obtain this internship. In addition to the eligibility criteria, applicants must submit their CV/resume, an application letter, and a laptop.
Once these documents are complete, you can submit your application to Acumen West African Office in Accra. You can as well visit the official webpage of the Acumen West Africa Summer Associate Internship for more information.
Tips for applying for Acumen funds Internships
Acumen Funds Internships are very competitive. Only students and candidates with the necessary information can obtain them. Therefore, I will give you the basic requirements to qualify for this internship. Doing these things is already an advantage fr over other applicants without this information. It would be best if you put them into action.
You need a top-notch cover letter: I did not say a cover letter; instead, I said a top-notch cover letter. A good cover and application letter will give you an advantage over other applicants. The qualities of a complete cover letter include your skills, qualifications, work experience, references, and strengths. In addition, you must tell your prospective employer why you are the best person for the job. Once you do this, you will stand a chance of winning the job. If you need to learn how to write a cover letter, check out our comprehensive guide on how to write a good cover letter in 2023.
Research about Acumen: Employers will not like to employ a novice. You need to know basic information about the company. Once your employer finds out you have some knowledge about the firm, they will likely employ you. You need to understand what the organization does, its mission and vision, and its plan for the future. You can use this information to answer some interview questions.
Network with Acumen staff and former interns: You can connect with Acumen staff and former interns to learn what it means to work for the company. The information they give you will be helpful because they are already in the system. One of the best ways to network is through visiting and connecting with Acumen employers on LinkedIn and Facebook.
Above all, have a good resume: If you succeed in doing other things without a good cv, you have done nothing. So, it would be best if you built a reputable resume to boost your chances of getting an internship at Acumen.
What about a reference: Not compulsory, but having references will boost your chances of getting employed as an intern at Acumen. Definitely, you will need two people to stand in for you. These people must speak highly of your skills and experience. In addition, they will prove that you have the qualities to work at Acumen. You can look for a university professor, a professional, or even someone who has worked with you.
FAQS about Acumen Funds Internships
What is the duration of the Acumen Internship?
Acumen Funds Internships last for a minimum of twelve months and a maximum of sixteen months. During this period, interns help to expand Acumen’s portfolio investments in West Africa.
How much do Acumen Interns make?
The monthly salary of Acumen Funds Interns is GHC 1440, approximately $600. However, applicants will pay visa fees if they plan to travel outside Ghana.
What are the requirements to be eligible for Acumen Funds Internships?
Applicants for Acumen Funds Internship must meet some eligibility criteria. They must:
- be at least 18 years of age,
- be first-year advanced degree candidates,
- have a passion for social justice and ending global poverty
- have experience in financial analysis, especially in venture capital or private equity,
- and have excellent written and verbal communication skills.
What are the duties of Acumen Fund Interns?
Among other functions, Acumen Funds Interns perform the following duties. They include:
- Identify and structure new investment opportunities for Acumen in West Africa.
- Conduct due diligence with other portfolio team members on finding companies with a promising approach to agriculture, health solutions, water & sanitation, and housing in low-income markets in the country.
- Ensure the implementation of investment structuring, execution, monitoring, and compliance.
- To contribute to the objectives of Acument by being part of the business development, communications, and leadership activities.
Wrapping up
Acumen Funds Internships are very competitive. Only two students will qualify from the pool of applicants. Therefore, you must meet all the requirements to stand a chance of getting the job. I have done an excellent job of sharing the best information. It depends on you to maximize your luck with the information in this blog post.