Fixed Income Trading Summer 2027 Intern
About The Position
Victory Income Investors (VINC) is looking for a Fixed Income Trading Intern for the summer of 2027! VINC is a large and rapidly growing fixed income investment manager focused on active management across investment grade corporate bonds, high yield bonds, structured products and municipal securities. This internship is a unique opportunity to learn how an institutional fixed income trading desk operates and how traders work with portfolio managers and research analysts to implement investment decisions. The intern will gain exposure to the full trading process, including market structure, liquidity, pricing, trade execution, dealer relationships and the various electronic and voice-based platforms used to trade fixed income securities. No prior trading experience is required. We are looking for a student with a genuine passion for financial markets, intellectual curiosity and a strong desire to learn. The successful candidate will have the opportunity to work directly with experienced traders and interact with portfolio managers, research analysts and members of the broader investment team. The internship is envisioned to be eight weeks in length and to take place during summer 2027. There is some flexibility on the exact starting date. The intern would report to the Head of Fixed Income Trading. The successful candidate will be expected to commit to being on-site in the office five days per work week, and any relocation and housing expenses will be borne by the candidate.
Requirements
- A passion for financial markets and a strong desire to learn about fixed income trading
- Intellectual curiosity and an eagerness to understand how markets work
- A willingness to “dig” for information and ask questions
- Strong analytical, written and oral communication skills
- The ability to think critically and work through problems
- A motivated self-starter who takes initiative and is eager to learn
- An interest in developing relationships and working collaboratively with others
- The ability to work effectively in a fast-paced, team-oriented environment
- Strong attention to detail
- Currently pursuing a bachelor's degree, with an anticipated graduation date of 2027 or 2028
Nice To Haves
- Familiarity with Bloomberg and Microsoft Office applications would be a plus, but is not required
Responsibilities
- Gain exposure to Investment Grade Corporate, High Yield, Structured Product and Municipal trading desk
- Learn how institutional fixed income trades are sourced, evaluated and executed
- Work closely with experienced traders to understand market structure, liquidity, pricing and execution
- Interact with portfolio managers and research analysts to understand how investment decisions translate into trading activity
- Gain exposure to the broker-dealer community and learn how traders develop and maintain relationships with the Street
- Learn how traders evaluate dealer pricing, liquidity and market conditions when executing trades
- Gain exposure to Bloomberg, MarketAxess, Tradeweb, Trumid and other fixed income trading and market information platforms
- Monitor new issue and secondary markets and develop an understanding of what drives fixed income pricing and liquidity
- Participate in discussions regarding market conditions, trading opportunities and relative value
- Assist the trading team with market research, trade analysis and other projects designed to improve the desk's understanding of the market
- Develop an understanding of best execution and the factors that influence execution quality
- Have the opportunity to interact with and learn from portfolio managers, research analysts, traders and other members of the VINC investment team
- Complete a project or presentation during the internship designed to demonstrate the knowledge and experience gained during the program
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What This Job Offers
Career Level
Intern
