Summer 2027 Research Associate Intern

Pzena Investment Management (Recruiting)•New York, NY

8h•Hybrid

About The Position

Pzena Investment Management, LLC is a registered investment adviser and broker-dealer managing approximately $85 billion in global equity assets. We provide equity investment management services for institutional investors, leading corporate, public and individual clients on a world-wide basis by way of separate accounts, sub-advised mutual funds, and other commingled vehicles since our firm founded in 1995. Our team of over 170 employees is mostly based in our headquarters in Manhattan, and we have additional offices in London, Dublin and Melbourne. We are a growing company, in the size of our team, our locations, and our assets under management. We seek partners, not just employees, at every level in the firm and are looking for an exceptional new team member to grow with us. At Pzena, we invest in your career and have a strong track record of internal mobility. Pzena Investment Management is a long-only deep value manager with a successful 30-year track record based in New York. The firm currently manages over $85 billion in AUM and has experienced robust growth over time. Our mission is to be considered among the premiere value investing firms globally, and we attribute our historical success to an unwavering commitment to our value investing discipline and a relentless focus on investment excellence. We build concentrated portfolios of deeply undervalued companies by performing in-depth, bottoms-up fundamental analysis applied to some of the most controversial and intellectually challenging investment opportunities in global equity markets. Our team is passionate about our mission and investment process, but we also take pride in our culture of partnership and support. We hire with the goal of developing Partners who will spend their careers at Pzena, and we are proud to be consistently rated one of the best places to work in the industry. Our Research Associate internship offers the opportunity to work closely with our Investment Team on a day-to-day basis, focused on building financial models, conducting investment research and analysis, and supporting strategic discussions. Interns will assist our Global Industry Analysts in developing potential new investment ideas as well as maintaining coverage of our existing portfolio holdings. This position also offers excellent mentorship opportunities with our Senior Research Team, providing the guidance and expertise needed to develop the skills required to become a key contributor within our team and wider organization. Located in New York, this role offers four days in-office and the option to work remotely or in-office on Fridays, highlighting Pzena’s collaborative work environment. We are open to hiring 1 or 2 Summer Interns.

Requirements

Current Bachelor’s Degree student – expected graduation date between December 2027 and May 2028.
On-site in New York City Summer 2027 (no relocation is offered at this time).
Must commit to the entirety of the internship.
We are open to all majors and backgrounds; however, we do require a demonstrated academic background in both quantitative and qualitative skill sets.
A demonstrated investigative, analytical mindset.
A strong work ethic.
Skilled in using data to form inferences and to make informed decisions.
The ability to work in a self-managed environment as part of a research team.
Excellent communication skills.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

Responsibilities

Build and maintain industry and company financial models and analyses as required.
Assist in conducting in-depth research on potential investments, including leveraging public filings and participating in meetings with sell-side analysts, industry experts, and investor relations representatives to build a detailed long-term earnings model.
Prepare information to support meetings with senior management to discuss the company’s business model and strategy.
Perform industry analysis, including studying business cycles and competitors.
Duties, responsibilities, and activities may change at any time.