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Fellowship Program

The Ewing Morris Fellowship is a program designed to provide aspiring investment professionals with an opportunity to gain experience and skills that should help them break into the industry.

A successful candidate can expect to work closely with members of our investment team on a wide range of projects with a particular focus on publicly listed businesses.

Four months, starting every January, May and September. We have designed this to

be a rotating program, meaning, as a general rule, we do not offer an opportunity for multiple terms.

The 4-month fellowship requires the commitment of a full-time position. As it is with any venture in your life, you will get out of the role what you put into it. The Ewing Morris teams commits to enabling the best you have to offer.

This is a modestly paid Internship.

Our Difference With Traditional Internship Programs

We designed our program with the intent of providing you with the highest return on your time. This means that the tasks you are expected to perform will not only benefit Ewing Morris; they will also help you to develop as an investment professional. While throwing a student in the deep end might work in some instances, we do not believe this approach is reliable in developing thoughtful investment professionals. Instead, we provide participants with a recipe to produce high quality work.

Participants can expect clear and timely feedback on the quality of the work they produce. Participants will also have the personal satisfaction of seeing the fruits of their labor; for example, participating in management meetings with companies on which the Fellow has completed the background investment research. Additionally, each week, a participant can expect to spend dedicated one-on-one time with portfolio managers to discuss any topics in which they are interested. 

We make a concerted effort to build a community where participants can interact with, and learn from former Ewing Morris Fellows.

We Look for
in Aspiring Candidates

Without integrity all other qualities become a liability.

Ideal candidates exhibit a strong enthusiasm for the financial sector coupled with the resilience to thrive under pressure and overcome challenges.

It is important for candidates to acknowledge the limits of their understanding, embrace feedback, and stay open to learning from diverse perspectives.

Prospective candidates should have a natural inclination to inquire deeply, understand complex scenarios, and innovate solutions, fostering continuous improvement and personal growth. 

Technical Skills

Basic Accounting

No need to major in accounting, just go through and understand a basic accounting textbook or explore a number of online resources available on the topic (Khan Academy has a collection of videos on the topic that will be helpful).

Excel Proficiency

No need to take an expensive modeling course; there are many free resources covering the use of Excel. Knowledge of VBA is not a requirement. When it comes to models, we spend 95% of the time thinking about inputs and only 5% on how our model looks.

Strong written and oral
communication skills.

Effective communication and the ability to express ideas effectively and precisely is necessary. Candidates must be able to express their emails, reports, and presentations in a clear and straightforward manner.

Recruitment Process


Application Submission

4 Months Prior to Start Date Starting every January, May and September.

Fill out Fellowship Application

  • Resume
  • Transcript
  • Research Report
  1. The report should focus on a specific business and convey the author’s understanding of the business model, business economics and business valuation. A report should also include an investment recommendation. Note: No preference will be given to Buy/Hold/Sell recommendations.
  2. Presentation decks will not be accepted.
  3. The format of the report (number of pages, content etc.) is left up to the applicant. Preference will be given to those applicants who produce a report specifically for Ewing Morris as opposed to recycling an old school project.

Follow-up and 2nd Report

After closing deadline of applications. If selected to proceed to Step 2, you will receive a follow-up email explaining the requirements for a 2nd Research report.
  • 2nd Assigned Research Report

Final Interview with John Ewing

After all reports are reviewed, for those selected applicants the final round will involve an interview with John Ewing.
  • Prepare for a planned interview with John Ewing, to discuss reports and what to expect from the program. A final applicant will then be selected and offered the position.

Ewing Morris Fellowship Program

Are you ready to begin a professional investment career?
Complete this form and provide all required documents.