Summer Intern, Development Impact (5 positions available)

Team: Operations

Location: London, UK

Employment Type: Intern

Salary: £47,055 pro–rated over 10 weeks

Closing Date: 28 January 2018

Summer Intern, Development Impact (5 positions available)

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website


The Role

The Development Impact (DI) team is responsible for screening, monitoring and evaluating the impact and additionality our investments provide to the companies and geographies we support, as defined in CDC’s mission. 

The DI team are looking to recruit 5 candidates with an MBA, MPA, MPhil in Development Economics or Economics, or equivalent for 10-week period to help us with on-going development impact team work flow, supporting either the embedded DI-Investment team or the DI-Evaluation team.

The DI team is divided into 3 distinct groups:

  • The Evaluations Team – Track portfolio, sector and investment metrics, ensuring data quality and consistency; inform investment making decisions and portfolio management.
  • DI-Investment Team – Embedded in investment teams to facilitate assessing and managing the development impact of our investments.
  • The Research and Policy Team –Perform and oversee research on key development issues relevant to CDC.

Assignments will be based on intern experience and interests as well as on the needs of the DI teams, and may involve task-specific activities as well as broad team engagement.



In 2015, CDC introduced a new approach to evaluations that considers important common themes across its investment portfolio. The evaluations are conducted by external, independent evaluators and are put into the public domain. The evaluations allow a deeper-dive into understanding questions of impact important to CDC’s mission, enabling CDC to learn lessons and continually steer its investment strategy towards greater impact.



Responsibilities may include inter alia:

  • researching evidence on development impacts in private sector investments
  • preparing comprehensive summaries of existing research in selected development impact areas
  • researching evidence in relation to key investment themes and helping to build a “resource bank” of leading experts
  • helping to identify information gaps and potential evaluation strategies based on sector literature and CDC’s experience and portfolio
  • analysing specific investment and development impact themes and market issues to facilitate informed transaction design and assessment
  • working with DI team members to carry out specific transaction and portfolio analysis assignments
  • helping with impact data compilation, validation, and analysis
  • helping to design specific development impact studies and evaluations that will build on the research.


The Candidate



  • Advanced degree (MBA, MPhil, MSc, or equivalent) in a relevant discipline, preferably in economics/econometrics, development finance or development studies.
  • Three years’ work experience in a relevant field, preferably within investment, management consultancy or development industry.
  • Work experience in developing countries, preferably in Africa and South Asia.


CDC Identities

  • We look for candidates who share our culture and reflect our identity, the CDC identities are described as follows:
  • Compassion is central to everything we do
  • We owe our clients and prospective clients a fast and thoughtful process
  • We accept the tough challenges inherent in our mission
  • We are quick and non-defensive when things go wrong
  • We oppose bureaucracy
  • We never forget that we are investing and spending tax payers’ money
  • We promote a fulfilling work environment


Application Process:

  • Please provide a covering letter
  • Please apply for a maximum of two Summer Internships, clearly stating your preference in your covering letter
  • The closing date for applications will be 28 January 2018
  • Salary: £47,055 pro–rated over 10 weeks
  • Please note that CDC will not be able to provide relocation costs
Apply now