2026 Summer Policy & Investment Internship - PATHWAY

Capstone is a leading policy analysis and regulatory due diligence firm with locations in Washington, DC, New York, Houston, London, Paris, and Mumbai. We advise institutional investors and corporations on how changes in state, federal, and international policy will impact investments. Capstone leads coverage of public policy investments affecting financial and business services, energy and environment, healthcare, TMT, and more. Our professionals analyze policy to uncover risks, opportunities, and, along the way, unique business and investment strategies for our clients. We live at the nexus of policy and investments.

Detailed Description:
Capstone’s rotational Summer PATHWAY Internship Program is designed to help college students gain experience in a variety of sectors to set themselves up for success. Interns will learn how to analyze policies and regulations; interpret company’s financial data, 10-Ks, and 10-Qs; create compelling investment ideas; pitch to clients; write research notes; and interview stakeholders. Our internship programs pairs interns up with our research teams to conduct actual work being sent out to clients. Our interns are asked on take on a significant amount of responsibility, with support from senior analysts and mentors.

The PATHWAY Internship runs from June 8 through August 7 and is based in our Washington, DC, office. Interns are expected to work on-site Monday-Thursday, with the option to work remotely on Fridays.

What We Look for In Candidates:

• Analytical Capabilities: Review large data sets and policies to determine relevant information
• Interpersonal & Communication Skills: Ability to synthesize relevant information into written reports and explain to clients verbally, and additionally able to work with a group of peers to complete projects
• Work Ethic: Willing to take the time to master the details and ability to ask questions to get to the right answer
• Passion: Interest in determining how a change in policy or regulation will impact an investment in both the private and public sectors

What We Offer

• Exposure to a wide range of industries, geographies, and deals
• Access to client relationships and conversations
• Regular mentoring and training opportunities
• Work in an entrepreneurial environment which values collaboration, intellectual curiosity, and a passion for superior research

Who Can Apply:

• Open to current college sophomores, juniors, and graduate students
• High academic achievement
• Must be eligible to work in the United States without employer sponsorship
• Students from any major are considered, but must show an interest in policy and investments