Equities Asset Management, Undergrad Intern (Summer 2026)

What You'll Do

Principal Asset Management will host interns for our equity investment division during the Summer of 2026. The interns will join the equity research analyst team of Principal Asset Management with over $120 billion USD in AUM. You will have the opportunity to work across multiple equity styles including US, International, and Emerging Markets.

Principal Equities seeks companies demonstrating positive fundamental change, with exploitable expectation gaps and pricing anomalies. Our conviction is built on fundamental bottom-up insights rather than making macro-based calls.

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Check us out at www.principalam.com.

What You'll Do

• Provide comprehensive overview of the equity investment process including deep fundamental analysis focused on drivers of the investment process, philosophy application, stock valuation modeling (including discounted cashflow analysis), portfolio construction, performance monitoring, and trading
• Support our Research Analyst team to generate ideas and aid in construction of outperforming strategies
• Participate in special projects for fundamental analysts to identify buy / sell candidates which will allow you to attend analysis meetings and product specific discussions with individual analysts as well as create your own investment thesis on stocks. For those Associates seeking a more quantitative focus, custom projects will also be assigned
• Immerse yourself in equity research teams including global, daily meetings, sector teams, and investment discussion meetings
• Exposure to external management and industry sell side meetings

Who You Are

Skills That Will Help You Stand Out

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and / or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$29 - $29 / hour

Time Off Program

Paid company holidays and any time off required in your state.

Pension Eligible

No Location

You must be available to work onsite at our Global Headquarters in Des Moines (preferred), New York, or Seattle.

Our Internship Culture

Join an established program that provides hands-on experiences for 200+ interns each year! You'll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more! https : / / www.principal.com / about-us / careers / internships

Internship Stipend

You will receive a lump sum stipend of $3,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit, but is not intended to compensate for all tax liabilities.

Work Authorization / Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO : F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants Investment Code of Ethics

For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our interns.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

8 / 29 / 2025

Most Recently Posted Date

8 / 29 / 2025