Mayo Center - Mayo Fellowship Program | UVA Darden School of Business

Richard A. Mayo Center for Asset Management

Mayo Center Fellowship Program

WHAT IS THE MAYO CENTER FELLOWSHIP PROGRAM? This program provides a financial stipend to First Year Darden students pursuing summer internships in investing roles at investment management firms or funds (e.g., public markets, real estate, private equity, etc.). Students qualifying for a fellowship will have secured a summer internship through Mayo Center-sponsored listings in DCL (student-initiated opportunities will be considered on a case-by-case basis). The purpose of the program is to offer support for students in immersive investment roles in which they will have hands-on experience. Students will gain valuable experience working for an investment firm. Firms benefit from having access to talented Darden MBA students for the summer and potential hires. To promote and support student involvement with these firms, the Mayo Center provides stipends to supplement Fellows' summer salaries, with the sponsoring firm matching or exceeding that amount.

WHO'S IT FOR? Current MBA students pursuing careers in asset management.

WHEN IS IT? During the summer between the First and Second Years at Darden.

WHERE IS IT? Various locations.

HOW DO I APPLY? All positions qualifying for a Mayo Center Fellowship will be identified as such in DCL.

If you have questions, contact: Paul Reeder (Managing Director, Darden Career Center)

An info session for interested students will be held on October 23, 2024 (event details can be found on the Career Center calendar)

“This past summer I interned as summer associate at a DC-based commercial real estate development firm. I had the opportunity to participate in their efforts to grow their multifamily and industrial property portfolio. Specifically, I created market research reports to strategize entering a new market and built pro-formas to analyze deals. I believe Darden’s academic curriculum combined with the Mayo Center’s support of various student initiatives provided me with the requisite skills to succeed this summer. I am excited to continue to pursue a career in the real estate industry.”

Patrick Kearney

MBA Candidate, Class of 2024

Benefits & Timetable
BENEFITS

10-week summer fellowship with an investment management firm

Supported by the Mayo Center for Asset Management and sponsored by principals from leading investment firms

Stipend from the Mayo Center

Stipend from the sponsoring firm

TIMETABLE

December - January: Application Window
January - February: Interviews
Late February - Early March: Offers Extended
March: Offers Accepted/Finalized
Student Guidelines
To be eligible for a fellowship, students must commit to the following/meet the following requirements:

First-Year Darden student in good academic standing, including those in the Executive MBA Program

The internship duration must be at least 10 weeks. Vacations during this period may be negotiated with the company, with the ending or beginning date extended appropriately.

Perform any reasonable activity assigned by the company, recognizing that the company should make every effort to fully utilize the professional skills and graduate school experience that each student brings to the position.

Participate (with the company’s acceptance and support) in joint activities designed to support the educational process by facilitating the sharing of experience.

Dual degree students (e.g. medical, education) who receive financial aid from the University and who plan to enroll in summer academic classes during the fellowship period must consult with the Financial Aid Office to determine if fellowship funding may impact the student's aid package prior to submitting an application to the program.
Funding & Commitments
The Mayo Center provides stipends for its Fellows. It is expected that the sponsoring firm will match or exceed the amount. The student stipends included in this program may impact your financial aid. Please contact the Darden Financial Aid Office with any questions.

Students who accept a Mayo Center Fellowship are making a formal commitment to work for the sponsoring firm. Once the fellowship has been accepted, awardees may not later rescind it in favor of another opportunity; this would be unfair to the sponsoring firms and other applicants. Mayo Center Fellows also commit, at the conclusion of the internship, to deliver a brief summary report (1,000 words), to be shared with sponsors, alumni, and senior leaders at the Mayo Center and Darden School of Business, highlighting results and accomplishments, challenges encountered, goals for the year ahead and the impact the internship had/will have on your future career. Students applying for a Mayo Center Fellowships must also accept the terms and conditions below:

The internship for which the fellowship is awarded is the only internship the student can take part in during the summer

Upon the award of a fellowship, students must notify any companies or organizations they are still interviewing with that they have accepted an offer for the summer and will withdraw from further interviews and/or internship discussions with them

The firm or fund the student is working for cannot be owned by any family member

Dual degree students (e.g. medical, education) who receive financial aid from the University and who plan to enroll in summer academic classes during the fellowship period must consult with the Financial Aid Office to determine if fellowship funding may impact the student's aid package prior to submitting an application to the program
Past Fellows

2024
Matthew Cunningham - H.I.G. Capital
John English - BluePrint Local
Audrey Kelly - Thompson Street Capital Partners
Shiv Patel - Albion River

2023
Kate Grusky – UVIMCO
Patrick Kearney – Rushmark Properties

2022
Nishit Shah – The London Company

2021
Matt Killian – Monashee Investment Management
Ryan McCarthy – Monashee Investment Management
Charles Patton – UVIMCO
Andrew Shelton – Sands Capital Ventures
Lauren Wippman – Sands Capital Ventures
Marc Youngentob – City Capital Ventures

2020
Kelly Johnson – Harbert Growth Partners
Aditi Rajagopal – Transform Capital
Niv Tschaikov – Transform Capital
Miranda Witzig – Sands Capital Ventures

2019
Stephanie Hepp – Sands Capital Ventures
Bill Igou – Sands Capital Ventures
Charles Perkins – The London Company
Church Waesche – BlueHawk Investment Group
Stephen Joy – New Stack Ventures

2018
Mike Kellet – BlueHawk Investment Group

Moving forward, opportunities in venture capital will be through Darden’s Venture Capital Initiative, and through the Darden Venture Fellows program.
Current Sponsors

BENEFITS

10-week summer fellowship with an investment management firm
Supported by the Mayo Center for Asset Management and sponsored by principals from leading investment firms
Stipend from the Mayo Center
Stipend from the sponsoring firm

TIMETABLE

December - January: Application Window
January - February: Interviews
Late February - Early March: Offers Extended
March: Offers Accepted/Finalized

To be eligible for a fellowship, students must commit to the following/meet the following requirements:

First-Year Darden student in good academic standing, including those in the Executive MBA Program
The internship duration must be at least 10 weeks. Vacations during this period may be negotiated with the company, with the ending or beginning date extended appropriately.
Perform any reasonable activity assigned by the company, recognizing that the company should make every effort to fully utilize the professional skills and graduate school experience that each student brings to the position.
Participate (with the company’s acceptance and support) in joint activities designed to support the educational process by facilitating the sharing of experience.
Dual degree students (e.g. medical, education) who receive financial aid from the University and who plan to enroll in summer academic classes during the fellowship period must consult with the Financial Aid Office to determine if fellowship funding may impact the student's aid package prior to submitting an application to the program.

The Mayo Center provides stipends for its Fellows. It is expected that the sponsoring firm will match or exceed the amount. The student stipends included in this program may impact your financial aid. Please contact the Darden Financial Aid Office with any questions.

Students who accept a Mayo Center Fellowship are making a formal commitment to work for the sponsoring firm. Once the fellowship has been accepted, awardees may not later rescind it in favor of another opportunity; this would be unfair to the sponsoring firms and other applicants. Mayo Center Fellows also commit, at the conclusion of the internship, to deliver a brief summary report (1,000 words), to be shared with sponsors, alumni, and senior leaders at the Mayo Center and Darden School of Business, highlighting results and accomplishments, challenges encountered, goals for the year ahead and the impact the internship had/will have on your future career. Students applying for a Mayo Center Fellowships must also accept the terms and conditions below:

The internship for which the fellowship is awarded is the only internship the student can take part in during the summer
Upon the award of a fellowship, students must notify any companies or organizations they are still interviewing with that they have accepted an offer for the summer and will withdraw from further interviews and/or internship discussions with them
The firm or fund the student is working for cannot be owned by any family member
Dual degree students (e.g. medical, education) who receive financial aid from the University and who plan to enroll in summer academic classes during the fellowship period must consult with the Financial Aid Office to determine if fellowship funding may impact the student's aid package prior to submitting an application to the program

2024
Matthew Cunningham - H.I.G. Capital
John English - BluePrint Local
Audrey Kelly - Thompson Street Capital Partners
Shiv Patel - Albion River

2023
Kate Grusky – UVIMCO
Patrick Kearney – Rushmark Properties

2022
Nishit Shah – The London Company

2021
Matt Killian – Monashee Investment Management
Ryan McCarthy – Monashee Investment Management
Charles Patton – UVIMCO
Andrew Shelton – Sands Capital Ventures
Lauren Wippman – Sands Capital Ventures
Marc Youngentob – City Capital Ventures

2020
Kelly Johnson – Harbert Growth Partners
Aditi Rajagopal – Transform Capital
Niv Tschaikov – Transform Capital
Miranda Witzig – Sands Capital Ventures

2019
Stephanie Hepp – Sands Capital Ventures
Bill Igou – Sands Capital Ventures
Charles Perkins – The London Company
Church Waesche – BlueHawk Investment Group
Stephen Joy – New Stack Ventures

2018
Mike Kellet – BlueHawk Investment Group

Moving forward, opportunities in venture capital will be through Darden’s Venture Capital Initiative, and through the Darden Venture Fellows program.