MBA Fixed Income Investment Analyst Summer Associate (US)

Capital Group • Los Angeles, CA

2d

About The Position

Capital Group seeks bright, highly motivated, and self-directed MBA candidates for Fixed Income Investment Analyst summer associate opportunities in Los Angeles. The summer associate conducts fundamental research on issuers in a segment of the bond market and researches related fixed-income securities, with the objective of presenting an investment thesis and recommendation to portfolio managers and analysts.

Analysis combines macro considerations—including political, economic, and sector or industry factors—with micro considerations such as issuer-specific financial, legal and structural, and security-specific factors. The associate synthesizes these considerations with bond valuations. An investment analyst guides the work, while the associate is largely self-directed in their approach and conclusions. The internship provides exposure to investment management, access to experienced investment professionals, and hands-on experience similar to that of a full-time analyst.

Opportunities are available in Sovereign/Emerging Markets, Structured Investments (RMBS, CMBS, ABS), Corporate/Credit, and Municipal/Tax-Exempt. The position is based in Los Angeles. The listed monthly base is $13,000, with a monthly stipend of $4,500. Compensation and benefits information also references eligibility for individual and company profitability bonuses and a retirement plan with a company contribution of 15% of eligible earnings; temporary positions in the United States are excluded from the referenced compensation and benefit plans.

Requirements

• Be an MBA degree candidate at an accredited university or business school, with an expected graduation date of December 2027 or May/June 2028.
• Demonstrate academic achievement.
• Be able to direct independent work effort in a cooperative environment.
• Have a grasp of macro and micro economics and curiosity about the bond market.
• Have a strong interest in research, writing, and business travel.
• Have excellent written and verbal communication skills.

Responsibilities

• Conduct fundamental research on issuers in a segment of the bond market.
• Research related fixed-income securities.
• Develop and present an investment thesis and recommendation to portfolio managers and analysts.
• Analyze macro factors, including political, economic, and sector or industry considerations.
• Analyze micro factors, including issuer-specific financial, legal and structural, and security-specific considerations.
• Synthesize research considerations with bond valuations.

Benefits

• Competitive salary, bonuses, and benefits.
• Company-funded retirement contribution that factors in salary and variable pay, including bonuses.
• Generous time away and health benefits from day one.
• Opportunity for flexible work options.
• 2-for-1 matching gifts for charitable contributions and opportunity to secure annual grants for charitable organizations.
• On-demand professional development resources.
• Individual annual performance bonus and annual profitability bonus, subject to plan guidelines, restrictions, and vesting requirements.
• Retirement plan with Capital contribution of 15% of eligible earnings, subject to plan terms.

What This Job Offers

• Career Level: Intern