2023 Summer Intern - Capital Markets Group (Alts Business Management), US
2023 Summer Internship – Capital Markets Group (Alternatives Business Management) Intern, US
Internship positions are located at PIMCO’s New York City, NY Headquarters
See yourself as an Capital Markets Group Intern:
Since launching its first opportunistic credit vehicles over 15 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities, relying on fundamental and capital structure analysis, and also strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.
As a Capital Markets Group Intern within Alternatives Business Management, you will support the smooth operation of PIMCO’s alternatives business across relevant funds and accounts. You will work closely with portfolio managers to deliver relevant data and analytics to support decision-making. You will also support transformative strategic initiatives that are being led by the team.
The PIMCO Internship Experience:
- The PIMCO Internship Program begins in early/mid-June 2023
- During Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for success
- Alongside your colleagues, participate in PIMCO's Global Month of Volunteering, developed to heighten the impact of our employees' worldwide volunteer efforts
- Join us for a variety of cross-divisional education, networking & social events!
- Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summer
- You’ll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goals
- Want to learn more? Hear about The PIMCO Internship Experience from past interns & search for live virtual recruiting events!
- As a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations
What to expect during the interview process:
- After we receive your application, we'll conduct an initial resume. We'll send status updates throughout the process.
- You’ll showcase your interests, skills, and personality by completing a one-way video interview
- If selected to move forward, you'll meet with us during final-round interviews conducted live via video conference. Interviews typically consist of behavioral and technical concepts.
Position Requirements:
You’re eligible to apply if you
- Are an undergraduate currently pursuing a degree with an expected graduation date of December 2023 – June 2024
- Have a minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or the equivalent) at an accredited 4-year college or university
- Are business proficient in English
You’ll excel as a Capital Markets Group intern if you:
- Ability to quickly process and articulate trade ideas from counterparties and weight the investment merits of prospective opportunities
- Proficient in balance sheet analysis and analyzing financial reporting
- Enjoy working collaboratively across the organization to resolve issues
- Outstanding analytical and problem solving skills
- Well-refined communications skills. Can articulate ideas and strategies clearly, both verbally and in writing.
- Ability to work effectively on multiple projects simultaneously
- Experience in the following is a plus: Excel, SQL, Business Objects, Bloomberg, iLEVEL, PowerBI, and DealCloud
- Preferred but not required: buy or sell side trade room, private equity and/or real estate, legal and/or compliance, product and/or project management related experience
New York Salary Range: $80,000 - $90,000
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.