Summer Intern (Development Impact) – 4 positions

Team: Operations

Location: London, UK

Employment Type: Intern

Salary: Competitive

Closing Date: 30 January 2019

Summer Intern (Development Impact) – 4 positions

Our Mission 

  • CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and South Asia with the aim of supporting economic development. CDC has net assets of £5.1bn, with over 1300 growing businesses in the portfolio.
  • Last year we committed over £1billion of capital across 50 transactions. 
  • CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two to three years.
  • We are expanding our presence in Africa and South Asia with further new offices openings in 2019.
  • At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
  • Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
  • CDC works with like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 300 and place immense value on diversity within our organisation.
  • Read more about us on 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 4 candidates to help us with on-going development impact team work flow, supporting either the embedded DI-Investment team, the DI-Evaluation team or the DI- Research and Policy team.  Please indicate in your cover letter your first preference- we will strive to accommodate as possible.  

The DI team is divided into 3 distinct groups:

  • The Evaluations Team – Track portfolio, sector and investment metrics, ensuring data quality and consistency; .
  • DI-Investment Team – Embedded in investment teams to facilitate assessing and managing the development impact of our investments. By bringing together development expertise and an entrepreneurial approach, the team inform investment making decisions and support portfolio management.
  • 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. 


Situated in the context of the SDGs, CDC’s latest strategic framework broadens our definition of development impact beyond job creation to include impact in the priority sectors in which we invest and across a wider global development agenda.

The 3 Development Impact teams work together to provide CDC and its investees with highly professional advice and support which contributes to meeting the business needs of investees as well as to CDC’s mission of sustainable private sector growth.

Responsibilities may include inter alia:

  • researching evidence on development impacts in private sector investments, preparing comprehensive summaries and helping build a “resource bank” of leading experts.
  • helping to identify information gaps and potential evaluation studies based on sector literature and CDC’s experience and portfolio
  • analysing specific investment and development impact themes and market issues to inform sector-specific impact approaches
  • working with DI team members to carry out specific transaction and portfolio analysis assignments to inform transaction design, assessment and portfolio management
  • helping with impact data compilation, validation, and analysis


The Candidate


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


Application Process 

  • Please provide a cover letter
  • Please apply for a maximum of two Summer Internships, clearly stating your preference in your cover letter 
  • Position opened: 7 December 2018
  • Position closes: 30 January 2019
  • Salary: £56,888 (pro-rated over 10 weeks). Please note CDC will not be able to provide relocation costs 
Apply now