PGIM: 2025 Fixed Income, Summer Investment Analyst Program (Credit Research Group)

Location(s):

Newark, NJ (Hybrid)

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023.

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, NJ, London, Amsterdam, Paris, Sydney, Singapore, Munich, Zurich, Hong Kong, and Tokyo. As of March 31, 2024, the PGIM Fixed Income has $821 billion of assets under management including $403 billion in institutional assets, $175 billion in retail assets, and $243 billion in proprietary assets. Over 1000 institutional clients have entrusted PGIM Fixed Income with their assets.

Application Timeline:

The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025.

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.

Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.

Your Day-to Day:

If selected for the Credit Research Group internship program, you would be assigned to work with a senior member of the research group covering companies in a specific industry or industries. You would perform fundamental investment analysis, identify value within issuer capital structures and industry sectors, and communicate investment recommendations to portfolio managers. You would contribute to fundamental credit analysis that is an integral component of the portfolio construction process. The analyst role involves regular interaction with the management of issuing companies, industry consultants, and Wall Street counterparts. Analysts would be exposed to our comprehensive investment capabilities across the fixed income universe, including interest rates, currencies, domestic and foreign government bonds, and global corporate bonds.

What you can expect:

A safe, inclusive environment centered around mutual respect, trust in each other, collegiality, teamwork, meritocracy, intellectual honesty, transparency, and an unwavering commitment to our clients. Our leaders focus on the growth and development of talent at all levels to cultivate the industry leaders of tomorrow. PGIM is a welcoming and rewarding place to work for people of all identities and backgrounds.

Required Qualifications:

• Candidates must be enrolled in an accredited bachelor’s program or 5th year master’s program graduating between December 2025 and May 2026

• Minimum 3.0 GPA

• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration

• Experience with Microsoft Office Suite (Excel, Word, PowerPoint, etc.)

Preferred Qualifications:

• Preferred majors include Finance, Accounting, and/or Economics, but all majors considered

• Experience with Bloomberg, and other technical data analysis/modeling tools desirable

Our Application Process:

1. Submit your application.

2. If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s).

3. If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

Note: The hourly rate for this role is $35.00. Roles may also be eligible for additional compensation and/or benefits.