2022 Summer Intern - Alt Credit & Priv. St, London

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Job description

About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:


2022 Summer Internship - Alt Credit & Private Strategies , London (Undergraduate)

Internship positions are located at London office.


See Yourself as an Alt Credit & Private Strategies Intern , London :

Since launching its first opportunistic credit vehicles over 15 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities, relying on fundamental and capital structure analysis, and also strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.

You will work alongside seasoned associates and Portfolio Managers, focusing on financial modeling and qualitative analysis in support of direct lending and special situations/distressed debt investing. Throughout the course of the summer, you will support their team efforts in sourcing, evaluating, underwriting and managing of alternative credit and private strategy investments. Successful interns receiving full time offers will have the opportunity to join a two year rotational program with a potential for a career track in Portfolio Management.

The PIMCO Internship Experience:

• The PIMCO Internship Programme runs for 10 weeks beginning in early/mid-June 2022
• During Week 1, you'll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for success
• Alongside your colleagues, participate in PIMCO's Global Month of Volunteerin g , developed to heighten the impact of our employees' worldwide volunteer efforts
• Join us for a variety of cross-divisional education, networking & social events!
• Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summer
• You'll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goals
• Want to learn more? Hear about The PIMCO Internship Experience from past interns & search for live virtual recruiting events !
• As a PIMCO intern, you'll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations

How you should apply:

Applications open September 13, 2021. We review applications on a rolling basis and encourage you to apply by submitting your resume & cover letter as soon as you are ready.

What to expect during the interview process :

• After we receive your application, we'll conduct an initial resume & cover letter review. We'll send status updates throughout the process.
• You'll showcase your interests, skills, and personality by completing a one-way video interview using the Spark Hire platform.
• If selected to move forward, you'll meet with us during final-round interviews conducted live via Webex. Interviews typically consist of behavioral and technical concepts.

Position Requirements:


You're eligible to apply if you:

• Are an undergraduate currently pursuing a degree with an expected graduation date of December 2022 - June 2023
• Have a minimum 2:1 degree (or the equivalent) at an accredited college or university
• Are business proficient in English. Proficiency in additional European languages is highly desirable.

You'll excel as an Alt Credit & Private Strategies Intern if you:

• Show strong interest in the financial markets, investment corporate finance, and/or accounting
• Demonstrate skills conducting research and basic financial modeling
• Demonstrates natural intuition to make good judgments
• Are proactive in thinking about potential investment ideas
• Are a good communicator; strong written and oral presentation abilities
• Are persuasive and credible
• Show strong academic credentials and achievement
• Exhibit strong work ethic and integrity; you should be a team player that is proactive and self-motivated
• Have the ability to work effectively on multiple projects simultaneously
• Have previous experience in an investment banking internship (preferred but not required)