Putnam Equity Associate Intern

Franklin Templeton

16d • $37 - $47

About The Position

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management and fintech, offering many ways to help investors make progress toward their goals. Talented teams working around the globe bring expertise that’s both broad and unique. And our welcoming, respectful and inclusive culture provides opportunities to help you reach your potential while helping our clients reach theirs. Come join us in delivering better outcomes for our clients around the world! PUTNAM EQUITY ASSOCIATE INTERN – Summer 2026 Eligibility Requirements This internship is intended for undergraduate students who will be entering their junior or senior year in the Fall 2026 semester. Eligible candidates will be graduating in one of the following semesters: Fall 2026 Spring 2027 Fall 2027 Spring 2028 Company Overview Putnam Investments, a Specialized Investment Manager (SIM) of Franklin Templeton, is a diversified, equity-only asset manager with roots dating back to 1937. We manage a range of active equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to produce consistent outperformance, regardless of the market environment. As of December 31, 2024, the firm managed over $121 billion in assets under management in strategies covering the style, geography, and capitalization spectrum, as well as sustainable solutions. We offer these strategies in a number of vehicles to meet the investment needs of our global clients and investors. Available vehicles include mutual funds, institutional separate accounts, SMA/model portfolios, ETFs, CITs and UCITS. Position Overview The Equity Associate role is that of a junior Analyst, conducting fundamental research to make buy and sell recommendations on stocks just as would a more senior member of the research team. The internship will begin with a one-week training program including accounting, modeling and valuation training. In the following eight or nine-weeks, the Intern will focus on completing an industry project and will independently assume coverage of two stocks. For each, the investment case will be detailed through written research and a brief presentation given to a group of senior Analysts and Portfolio Managers. At the end of the summer, we will look to extend full-time offers to those who demonstrate the aptitude, passion and desire it takes to become a successful full-time Equity Associate.

Requirements

• In the process of completing a BA or BS degree required.
• Candidates with superior undergraduate academic records from all majors are encouraged to apply.
• Self-driven individuals, who thrive in an autonomous environment and are excited about the opportunity to make a meaningful impact, while serving as a fiduciary to Putnam’s shareholders, will do best.
• Strong work ethic coupled with the desire to win.
• Ability to learn quickly and to effectively convey conclusions.
• Team player; additive to overall process with positive attitude, leadership by example, and active involvement at all levels to advance the investment dialogue.
• Candidates must be a U.S. citizen or national, refugee, asylee, or lawful permanent resident.

Nice To Haves

• Prior work experience in the financial industry is helpful but not necessary.
• We are looking for a demonstration of passion that can be applied to investing.

Responsibilities

• Build and leverage industry expertise – perform deep analysis on companies within covered industry subgroups, building relationships with company management teams, as well as with suppliers, customers, and competitors. Leverage that expertise to anticipate trends for each company, including an understanding of material ESG issues that will affect long-term fundamentals.
• Identify and develop insights on key stock drivers – figure out ‘what matters’ for each stock, performing creative and differentiated research to build conviction around likely outcomes for each critical variable and the resulting implications for companies’ profitability and stock prices.
• Communicate effectively to drive impact – articulate the investment case clearly, iterate with incremental analysis to support or disprove the theses, and present the finished product to a group of senior Analysts and Portfolio Managers.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Number of Employees: 5,001-10,000 employees