PGIM: 2025 Fixed Income, Summer Investment Analyst Program (Portfolio Analysis Group)

Job Classification :

Investment Management - Investments

PGIM : 2025 Fixed Income, Summer Investment Analyst Program (Portfolio Analysis Group)

Location(s) : Newark, NJ (Hybrid)

Newark, NJ (Hybrid)

PGIM is the diversified asset management business of Prudential Financial, Inc. (). 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.

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.

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 :

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. During your 10-week summer internship within our Portfolio Analysis Group (PAG), you’ll be assigned impactful day-to-day work and projects.

Examples of work our PAG Analysts focus on include :

The Analyst in the Portfolio Analysis Group (PAG) evaluates portfolio positioning with respect to risk exposures and alpha objectives, provides portfolio construction and alignment insight, and analyzes performance drivers across a multitude of investment products and processes to deliver performance attribution.

Utilizing a variety of analytical tools, the analyst integrates specific client guidelines, objectives, and risk tolerances into the firm’s investment process to ensure complete portfolio management and analytics are in place.

The analyst collaborates and works closely with other teams, including Senior PAG Analysts, Portfolio Managers, Traders, Risk Managers, the Quantitative Team, Credit Research, Client Advisory, and Sales and Marketing to ensure the Portfolio Management team has the tools and technology required to effectively manage portfolios.

The analyst also navigates multiple ad hoc requests and projects that relate to market or portfolio analytics received from all parts of the larger Fixed Income Organization.

The analyst partners closely with peers throughout Fixed income to build organizational capabilities.

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 :

Operations Research, Information / Financial Engineering, Mathematics, Statistics, Finance, 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.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America.

Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth.

The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time.

Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.