The Gutenberg Financial Modeling Virtual Intern Program
 Join us in Disrupting the Traditional Wall Street Internship Experience

What is Gutenberg Research?
Gutenberg Research provides earnings models for publicly traded companies to our users. Our Financial Modeling Intern Program is a part-time, virtual internship, which simulates the experience one would receive working as a sell-side Research Associate at an investment bank. We teach our interns how to use models to estimate a company's future earnings, and publish their work to showcase their modeling skills to future employers.
How does the intern program work?
Use the form on this page to submit your application. If you accepted into our program, you will be given access to our free intern training, which teaches the basics of modeling and shows you exactly how to use an earnings model. You will also be invited to attend a live training session over Google Hangouts. Training dates are scheduled to align with earnings seasons. During these training sessions we use a real world modeling example, and take questions from the interns.

We will also provide a textbook (delivered as a PDF file). This curriculum will give you the basic foundation required for the program. After you have read the curriculum, you will take an exam to demonstrate your understanding of the modeling approach.

Next, you will input your own forecast into an existing model. All students within an earnings season cohort will work on the same subject company. The subject companies for the Intern Program are:
  • 4Q2020 Earnings Season: Apple Inc (NASDAQ:AAPL). This round will begin on December 30, 2020 and run until Apple reports results (calendar fourth quarter, fiscal first quarter) results (expected end date February 1st).
  • 2Q2021 Earnings Season: Starbucks (NASDAQ:SBUX). This round will begin on June 20, 2021 and run until Starbucks reports second quarter results.
  • 4Q2021 Earnings Season: Netflix Inc (NASDAQ:NFLX). This round will begin on December 30, 2021 and run until Netflix reports results.
After you have created your forecast in the model, you will upload your model with a summary of your forecast, or an article about the company, and we will publish it for our community members to download. After you complete the program, you may contribute a model for any company you wish as a Community Contributor.
Who can apply?
​​We have found that the most successful interns in our program are graduate students, or undergrads who have already completed the fundamental finance and accounting courses; however, we allow any student who is interested in a career in investment analysis to apply. The program will be limited to 15 participants per round. Not every student who applies will able to participate. In the past we have had relatively low completion rates of the students who have applied to the program. To improve the rate going forward, we are assigning priority to students who have the highest probability of successfully completing the program.

​This assessment is based on the following criteria: 
  • Any student referred by a professor will automatically be accepted into the program. Professor may refer one student per round.
  • Prior financial modeling experience.
  • Prior completion of fundamental accounting courses (The classes typically taken by undergraduate business majors within their first two years of study, i.e. Financial Accounting & Reporting, Financial Statement Analysis).
  • Prior completion of fundamental finance courses (The classes typically taken by undergraduate business majors within their first two years of study, i.e. Corporate Finance, Investments).
  • High Grade Point Average (GPA).
If you are not accepted in the next round, you will automatically be considered in the following round, unless you withdraw your application. 
What’s in it for me? What’s in it for you?
We see our Intern Program as mutually beneficial. This is a unpaid internship, however, you will get free training, modeling experience for your resume, and a platform to display your abilities to future employers. We benefit by expanding our earnings modeling community...it's a win-win!
Still Unsure About Our Program?
Reach out to one of our Gutenberg Ambassadors. Ambassadors are Gutenberg Intern Alumni who excelled at constructing their earnings model, and can provide insight about their experience in the program.

    New Intern Sign-up Form

    We try to setup intern teams where possible to help with the development process and provide a support network for our interns as they learn. Feel free to join an existing team, create your own team, or you may work alone if you prefer.
    After all applications have been submitted for each quarter, we compare the applicants and select those who are most likely to be successful in completing the program. Although no prior experience is required, applicants who have the following will be more likely to be selected to participate: prior modeling experience, initial accounting/finance courses completed, or passion for analysis. Our final decisions will be sent out to the group of applicants on the following dates:​
    • 4Q2020 Earnings Season: December 29, 2020
    • 2Q2021 Earnings Season: June 29, 2021
    • 4Q2021 Earnings Season: December 29, 2021
    Max file size: 20MB
    Unfortunately, since the laws for unpaid internships vary by country, we are only able to accept U.S. students for the intern program at this time. If you are a student located outside of the U.S. and would like to participate please sign-up for our Community Contributor Program.

What Past Interns Have to Say...

"The program is extremely useful for those of all skill levels looking to learn more about financial modeling and forecasting. John structures the program to be accommodating to his interns, his material is concise and easy to understand for first time learners, and he is eager to answer any questions you may have regarding your work or his learning guides." 
- Michael Pesenti, Rutgers University
"John was very helpful and responsive throughout the internship which made modeling easy and interesting."
- ​Raag Shah, ​University of Texas
​"The Gutenberg Internship Experience allowed me to learn a lot about the fundamentals of financial modeling and equity research. It allowed me to learn about the fundamentals of earnings forecasting and how each segment of a business will affect a company through extensive research. Overall, would recommend the program to anyone interested"
- ​Jake Zeidman,Syracuse University 
“I learned a lot about financial modeling, and I look forward to using these skills in the workplace.”
- ​Ahmad Yousef, Stony Brook University 
"Gutenberg's Financial Modeling Internship is a great opportunity for both new and experienced students with an interest in finance. It allows you to do granular work, and to develop a strong understanding of investments from a modeling perspective."
- ​Nick Sunderland, ​Stevens Institute of Technology
"I gained a lot of modeling experience in a collaborative, low pressure environment."
- ​Josh Egan, Cornell University
"This program gave me a great opportunity to learn financial modeling outside of the traditional Wall Street internship."
- ​John Groshek, Duquesne University 
"I really enjoyed the program and I found it extremely valuable while being the perfect level of challenging. I would recommend the program."
- ​Greyson Sklba, ​Syracuse University

Meet the Intern Instructor  -  John Moschella, CFA, CPA

Welcome new interns! I will be your financial modeling instructor. I have changed the program a bit to incorporate feedback from the first round of Gutenberg interns: Rather than having new interns build a model from scratch, our program now focuses on using existing models and teaching our students how to use the model to incorporate their own assumptions, project future earnings, and calculate a target share valuation. I am happy to report that we have received very positive feedback from our first round of successful interns, who generally found the virtual internship to be helpful in developing modeling experience. Looking forward to working with you during the next earnings season!
John.Moschella@GutenbergResearch.com
linkedin.com/in/john-moschella

About Gutenberg Research

​​We are an interactive earnings modeling community, driving the evolution of equity research. Our mission is to make dynamic earnings models, available to everyone. We are currently building an inventory of models covering companies...continue reading