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I worked at IIF full-time
Interns do the same work research analysts do: data, charting, drafting reports, admin. Good experience if no research experience before. No training or anything like that but you learn by doing. It may be good on your resume if you interview with an employer who knows IIF. Some do but most don’t.
IIF executives make $500K-$2M/year and spend $10-15K on a single business trip. Interns are not paid. Interns are not given much priority for open positions. There are not that many positions opening either. Bunch of entry/mid-level positions have been eliminated. There are a ton of financial sector meetings and events but only managers attend. Not much networking opportunity.
Advice to Management
Compensate interns for the work they are doing. DC is a very expensive city to have an unpaid internship. Help interns network.