Intern, Investment Solutions – Asset Management (Undergraduate and Graduate) Summer 2025 - Principal Financial Group

What You'll Do:

We’re looking for a summer intern to join our Investment Solutions Team in Principal Asset Management. In this role, you’llbe responsible forassisting the team in various investment-related functions. The internship will provide: 

• Exposure to investment solution design, and then delivery of that solution to aclient or prospect 
• Assist the derivatives portfolio managers in management of existing portfolios, including but not limited to, structuring trades, reconciliation of executed trades, portfolio monitoring, and building new analytical tools to automate and improve efficiencies in our processes and overall framework 
• Use hands on financial mathematics skills including application to investments 

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com.  

 

Principal Asset Management Investment Solutions group specializes in developing customized, outcome-oriented investment strategies for clients worldwide. By using its deep quantitative expertise, the team addresses complex investment and risk management challenges, delivering thorough analysis that supports the design of tailored, resilient strategies. The group offers a range of solutions, including Liability-Driven Investing (LDI), Outsourced CIO (OCIO), and Wealth Portfolio management for both institutional and retail clients. 

 

We are hiring at the Graduate or Undergraduate level for Summer 2025. 

 

Who You Are:

• Working towards a degree in mathematics, accounting, finance, economics, or a related major. Also will consider candidates in the process of obtaining a graduate degree 
• Completion of intermediate level coursework in finance 
• You preferably have a 3.5 GPA or higher and/or working towards a CFA charter 
• Additional exposure to investment concepts through involvement in student organizations or work experiences 
• Previous work/intern experience with concepts including financial modeling, derivatives modeling, equity, fixed income, Monte Carlo, optimization methods, use of packages in Python to facilitate asset price modeling, etc 
• Ability to work onsite, full time in Des Moines or New York Cityover the summer of 2025.  The preferred location is Des Moines. 

 

Skills That Will Help You Stand Out 

• Exposure to FactSet, Bloomberg, or similar Ability to write and/or debug code in Python 
• Strong Excel modeling experience 
• Pick up new complex ideas quickly and apply them in their tasks Strong analytical and problem-solving skills 
• Able to translate complex ideas to simple delivery in both verbal and written communications 
• Exceptional organizational skills  

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:$29 - $31 / hourTime Off Program:Paid company holidays and any time off required in your state.Pension Eligible:NoAdditional Information:

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. 

Location(s) 

This internship will be located at either our Global Headquarters in Des Moines, IA or New York City.  

Work Environments 

This role offers the ability for in-office, or four days in-office and one day remote in Des Moines, IA or New York City. You’ll work with your leader to determine which option may align best based on several factors. 

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. 

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.Date First Posted (TTF):9/25/2024Latest Post Date: Careers - US:9/25/2024