PGIM: 2027 Public and Private Credit, Sophomore Externship Program

Prudential Financial•Newark, NJ

3d•Onsite

About The Position

PGIM is hosting a 3-day sophomore externship in January 2027 to educate students on its credit business and opportunities for internships and careers with the firm. This program is designed for sophomores interested in learning about careers in public or private credit and getting a jump start on 2028 summer internship recruiting while networking with leaders at a premier asset manager. The externship will showcase PGIM's Credit business, including Private Credit (managing over $100 billion in private debt and equity investments) and Public Credit (managing over $900 billion of active solutions). Selected participants will learn about careers, participate in training and case studies, network with professionals, shadow investment professionals, explore internship and career opportunities, and complete first-round interviews for the 2028 Summer Internship Program. Travel and lodging will be provided. The program will highlight three different investment professional internship programs across public & private credit, which serve as feeders into full-time Analyst programs. The Private Credit teams focus on financial modeling, due diligence, industry research, and transaction structuring. The Public Credit teams include Credit Research (fundamental investment analysis) and Portfolio Analysis (evaluating portfolio positioning and performance).

Requirements

Must be enrolled in an accredited bachelor’s degree program graduating between December 2028 and May 2029
All majors welcome
Should have an interest in exploring careers across asset management/investments/finance
Minimum GPA of 3.0 required
Possess the requisite US employment authorization to be eligible for consideration (Prudential does not provide visa sponsorship for this program)

Responsibilities

Learn about careers in public and private credit
Participate in training sessions and case studies
Network with analysts, associates, and senior leaders
Shadow investment professionals
Explore PGIM's internship and full-time career opportunities
Complete first-round interviews for the 2028 Summer Internship Program
Be actively involved in financial modeling, due diligence, industry research, and preparing investment memos (Private Credit)
Collaborate closely with senior leadership, portfolio managers, and external stakeholders to structure and negotiate transactions (Private Credit)
Conduct fundamental investment analysis, define relative value within issuer capital structures and industry sectors, and communicate investment recommendations (Public Credit - Research)
Perform industry data collection & trend analysis, financial statement analysis, financial modeling & forecasting, and assessment of business & financial strategy (Public Credit - Research)
Monitor market movements through daily meetings with portfolio managers, economists, and strategists (Public Credit - Research)
Interact with management of issuing companies, industry consultants, and Wall Street counterparts (Public Credit - Research)
Evaluate portfolio positioning with respect to risk exposures and alpha objectives (Public Credit - Portfolio Analysis)
Provide portfolio construction and alignment insight (Public Credit - Portfolio Analysis)
Analyze performance drivers across a multitude of investment products and processes to deliver performance attribution (Public Credit - Portfolio Analysis)
Integrate specific client guidelines, objectives, and risk tolerances into the firm’s investment process (Public Credit - Portfolio Analysis)