At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Intern – Portfolio Management (WM)
Rockford, IL
Rate of Pay: $15 an hour
At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident, and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
Position Summary
The Portfolio Management Intern will join the Wealth Management team to gain hands-on experience in investment analysis, client service, and portfolio construction. This internship offers exposure to real-world financial decision-making and provides the opportunity to contribute to projects that impact client portfolios. Working closely with Portfolio Managers and Analysts, the intern will develop technical, analytical, and professional skills while supporting key initiatives across research, client onboarding, and investment operations.
Primary Accountabilities
- Assist with investment research on third-party fund providers and asset managers.
- Support client onboarding, documentation, and portfolio review preparation.
- Contribute to the preparation of investment proposals, client reports, and market commentary.
- Participate in portfolio monitoring and rebalancing activities, gaining exposure to performance evaluation and risk assessment.
- Support the due diligence process for new investment opportunities.
- Collaborate on the creation of client communications, including newsletters and market updates.
- Attend internal meetings and may have opportunities to observe client meetings to learn relationship management in practice.
- Perform other duties as assigned.
- Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Position Qualifications
Education/Experience:
- Currently pursuing a degree in Finance, Economics, Business Administration, or a related field.
- Strong analytical, quantitative, and communication skills.
- Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).
- Familiarity with financial analysis tools or portfolio management systems preferred.
- High attention to detail and ability to manage multiple projects simultaneously.
- Demonstrated interest in finance, investments, and wealth management.
- Works well independently and in a collaborative team environment.
Internship Details:
- Internship duration: Must be available mid-May through late July 2026.
- Schedule: Must be available Monday–Friday, 8:00 a.m.–5:00 p.m. (40 hours/week).
- Must reside locally and report to either the Rockford, IL or Chicago, IL office.
Competencies:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self-development
- Being flexible and adaptable
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at [email protected].
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at [email protected].
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Top Skills
What We Do
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank.
Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services.
As a community banking institution, Midland prides itself on establishing and maintaining excellent relationships with its customers and is committed to serving the financial needs of its communities.
Equal Opportunity Employer. Equal Housing Lender. NMLS #411141. Member FDIC.
