StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $675 billion of total capital allocations, including more than $150 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Real Estate Research Summer Analyst Role Overview:

StepStone offers Summer Analysts an opportunity to achieve valuable learning experiences working across the real estate private equity industry. Through analysis of opportunistic, value-add, core and credit funds, Summer Analysts gain exposure to a wide array of property types, markets and capital structures and become accustomed to a variety of real estate private equity funds and investment strategies. The Summer Analyst will have the opportunity to prepare and present recommendations, with the investment team, to the Real Estate Investment Committee and to the Real Estate team’s client base of institutional investors.

StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The ideal candidate will possess strong academic achievement, high quality writing skills and a solid financial background.

Essential Internship Functions:

• The underwriting and assessment of prospective fund manager marketing and supporting materials to identify key value drivers and important areas for further investigation
• Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of property types
• Interpret financial analyses prepared by operating fund managers, including investment track records, financial statement analysis and fund models
• Prepare for and participate in meetings with potential partners, fund managers and assist in all aspects of active investment and advisory on-going due diligence
• Efficiently communicate a position verbally and in written materials, including defending a position in a team environment such as Investment Committee meetings
• Support full-time staff on coverage responsibilities including asset and portfolio management of existing real estate portfolio and sourcing and managing the inflow of investment opportunities

Qualifications:

• Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
• Undergraduate student graduating anywhere from December 2025 through June 2026
• Pursuing a BA/BS in Finance, Economics, Accounting or Law, or equivalent relevant experience
• GPA of 3.2 or above
• Enthusiastic interest in real estate investing
• Team player with strong work ethic and written and verbal communication skills
• High proficiency in Microsoft Word, PowerPoint, and Excel
• Must be willing to reside in Cleveland, Ohio

Click here to learn more about the intern experience.

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

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