PGIM: 2026 Public and Private Fixed Income, Summer Analyst Program

Prudential Financial•Newark, NJ

13h•Hybrid

About The Position

PGIM is the asset management business of Prudential Financial, headquartered in Newark, NJ. Public Fixed Income: 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, 2025, the PGIM Fixed Income has $862 billion of assets under management including $429 billion in institutional assets, $196 billion in retail assets, and $237 billion in proprietary assets. Over 1100 institutional clients have entrusted PGIM Fixed Income with their assets. https://www.pgim.com/us/en/institutional/businesses/fixed-income Private Fixed Income: PGIM Private Capital is P GIM’s private capital investment arm, managing approximately $100 billion in private debt and equity investments across more than 1,000 companies worldwide (as of 3/31/25). PPC’s global footprint includes offices in Newark, New York, Chicago, Atlanta, Minneapolis, Dallas, Los Angeles, San Francisco, and several international locations. PPC focuses on long-term partnerships with middle-market companies, offering customized financing solutions and deep industry expertise: https://www.pgim.com/us/en/institutional/businesses/private-capital What you can expect: You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. You will be placed in either the Public Fixed Income Portfolio Analysis Group (PAG) in Newark, NJ or within Private Fixed Income in Chicago, IL. During your summer internship you will 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. Examples of work our Private Credit Analysts focus on include: On-the-job experience alongside formal and structured training (training will teach foundational principles as well more broad topics on how to better understand companies and industries, etc.) Conducting industry and company research Creating financial models Writing investment recommendations Conducting portfolio and credit monitoring Preparing marketing materials Exposure to a range of industries including manufacturing, service, distribution, renewable power, and infrastructure

Requirements

Candidates must be enrolled in an accredited bachelor’s program or 5th year master’s program graduating between December 2027 and May 2028
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.)

Nice To Haves

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
Excellent analytical and writing skills
Interest in investing

Responsibilities

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
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
Conducting industry and company research
Creating financial models
Writing investment recommendations
Conducting portfolio and credit monitoring
Preparing marketing materials
Exposure to a range of industries including manufacturing, service, distribution, renewable power, and infrastructure