THE MOSAIC FELLOWSHIP
Part of the ICM commitment to build a pipeline of diverse, skilled talent in the alternative investment industry.
The Mosaic Fellowship, a program of the ICM Institute, provides high-performing first-year graduate students with the opportunity to be a Summer Associate at one of ICM’s member funds - the leading private capital funds investing for positive impact and superior returns. Fellows have exposure to all areas of fund management including landscape analysis and market research, deal sourcing and due diligence, impact measurement and management, and fundraising. The Fellowship pays winners a competitive stipend made possible in part through member fund contributions and grant support.
Learn from Impact Capital Managers
Mosaic Fellows will put their coursework into practice and get hands-on experience doing the work of private capital impact investing at best-in-class impact funds. In addition to their day-to-day work, Fellows attend an intensive in-person orientation in NYC and impact investing-focused curriculum, led by leadership from ICM member funds. Topics covered include impact measurement and management (IMM), financial modeling, career pathing and more. These closed-door sessions provide a unique opportunity to ask candid questions and test assumptions.
“I went in testing the "investing vs operating" hypothesis and was able to get more clarity on where I want to take my future career. I loved working with my host fund and getting hands-on experience in investing. I also loved meeting people from other MBA programs which helped me expand my personal and professional network beyond my own school. I would highly recommend Mosaic to anyone who is looking to pivot into impact investing!” - 2023 Mosaic Fellow
“The Mosaic Fellowship has been a highlight of my MBA experience. From the ability to hypothesis test this career path to connecting with a cohort of talented and kind Fellows, the experience was invaluable for me and I couldn't recommend it more.” - 2022 Mosaic Fellow
“My summer as a Mosaic Fellow was a truly unparalleled experience. In 10 weeks I was able to develop critical skills as an impact investor, build meaningful and lasting relationships with leaders in the field, and better define my career path. I can't imagine a better way to spend a summer and launch my career in impact investing.” - 2020 Mosaic Fellow
Learn from Your Mentor
In addition to the coaching and guidance that is provided throughout the summer by a host funds’ senior leadership, each Fellow has the opportunity to be matched with a mentor from another ICM fund. This gives Fellows the chance to both expand their network in the impact investing space and receive hands-on support throughout the summer.
“[My mentor] is brilliant, thoughtful, and very supportive of folks earlier in their careers. She was a total rock of my summer experience.” - 2023 Mosaic Fellow
“My mentor was absolutely amazing - she was so great about providing career and life balance advice, and providing me with questions to think about as I reflect on what I want to do full-time. I really look forward to staying in touch with her post-fellowship!” - 2022 Mosaic Fellow
“ICM matched me with a mentor who provided extremely valuable insights which helped improve my day-to-day performance throughout the internship and refine my post-MBA career plan.” - 2021 Mosaic Fellow
“[My Mentor] was AMAZING. I felt like I could talk to her about anything and she provided very tangible advice as I tried to make the most of my remote internship.” - 2020 Mosaic Fellow
Launch Your Impact Investing Career
Fellows learn about the unique challenges of impact investing and what it takes to successfully invest for impact and return - from deal sourcing, to partnering with portfolio companies, to planning for a mutually successful exit. They own mission-critical projects and workstreams alongside senior leadership and provide insights and perspectives that have a fund-wide impact.
“For anyone dedicated to the world of positive social impact, the Mosaic Fellowship is an invaluable program that helps build a strong community in a vital, emerging space. I came into the summer dedicated to impact investing and am leaving it even more so, thanks to the work and connections within the fellowship. I'm looking forward to continuing working towards a better tomorrow with everyone I met this summer.” - 2023 Mosaic Fellow
“My Mosaic Fellowship experience was simply incredible. Not only did I learn about everything from thesis development and diligence to portfolio support and fundraising at a leading EdTech VC firm, but I also got to think deeply about impact measurement and how it can be deeply integrated (and not at odds) with financial returns. I would highly recommend this fellowship to anyone interested in impact investing!” - 2022 Mosaic Fellow
“The Mosaic Fellowship solidified my desire to pursue a meaningful career as an impact investor. This opportunity allowed me to see how top funds can catalyze change through mission-driven capital in addition to achieving market-rate returns.” - 2020 Mosaic Fellow
Build a Powerful Professional Network
Over the course of the summer, Fellows connect with one another and impact investing leaders across the ecosystem. In addition to regular calls and virtual meetings, Fellows have the opportunity to meet and build relationships with the ICM network, Mosaic Alumni, entrepreneurs, LPs, and industry partners. Alumni also receive career support and advice from ICM staff.
“I was completely blown away by the structure and programming provided by ICM this summer. From the jam-packed NYC orientation to weekly check-in calls to mentorship matching, the team goes above and beyond to curate high-value experiences for the fellows. I feel privileged to be part of this community and would recommend the fellowship to anyone considering a career in impact investing.” - 2023 Mosaic Fellow
“The Mosaic Fellowship is an incredible network and experience that has supported me in my impact VC journey. Throughout the summer, the fellowship included trainings on VC fundamentals and impact measurement tools, along with access to diverse leaders across funds in the industry - all contributing to an extremely rich summer of great learnings and connections.” - 2022 Mosaic Fellow
“It was a great opportunity to be exposed to the ins and outs of impact investing. Although I gained valuable knowledge from hands-on experience, there was plenty of value derived from connecting with other purpose-driven leaders in the space. It was a true pleasure working at my host fund where I developed relationships that will last a lifetime.” - 2021 Mosaic Fellow
Please see our Talent & Diversity: ICM Position, Goals and Commitments to learn more about how the Mosaic Fellowship aligns with our approach.