What Youll Do
Principal Asset Management will host an intern for our equity investment division during the Summer of 2024. The intern will join the research analyst team of Principal Equities with over 100 billion USD in AUM.
Principal Equities seeks companies demonstrating positive fundamental change, with exploitable expectation gaps and pricing anomalies. Our conviction is built on fundamental bottom-up insights rather than making macro-based calls.
Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Check us out at
What You'll Do
- Provide comprehensive overview of the equity investment process including deep fundamental analysis focused on drives of the investment process, stock selection models, quantitative ranks, portfolio construction, performance monitoring, trading and client reporting.
- Participate in the full trade life cycle of complex, multi-currency, institutional funds. This will include extensive work in our Order Management System as well as proprietary and third- party investment management tools.
- Participate in special projects utilizing our tools and resources in both support of the fundamental analysis as well as the management of the Funds.
- Help manage cash, trade execution, operations and client facing responsibilities in a support of our Funds. This will include working closely with Senior Portfolio Management Associates, Operations, Trading and Compliance. This time sensitive work helps develop an understanding of the day-to-day work flow of a large equity mandate.
Who You Are
- You are working towards an undergraduate degree in economics, finance, accounting, engineering, business analytics, math, statistics, or a related major
- You are currently a sophomore or junior
- You have exposure to equity investments through involvement in student organizations or work experiences
- You have taken course work on equity valuation
- Advanced PC skills and proficiency with Excel
- Your GPA is a 3.5 or above
Skills That Will Help You Stand Out
- CFA candidate
- Exceptional organizational skills
- Exposure to FactSet, Bloomberg, Charles River, or similar
- Candidates must have strong written and verbal communication skills
- Leadership positions within student, work or community organizations
- Strong work ethic
Salary Range InformationSalary Range (Non-Exempt expressed as hourly Exempt expressed as yearly)Time Off ProgramPension EligibleAdditional Information
Our Internship Culture
Join an established program that provides hands-on experiences for 200+ interns each year! Youll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more! https//www.principal.com/about-us/careers/internships
Internship Stipend
You will receive a lump sum stipend of $3,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit, but is not intended to compensate for all tax liabilities.
Location(s)
This role will be based out of our Corporate Headquarters located in Des Moines, IA.
Work Environments
You must be available to work onsite (four days a week, one day remote) or five days onsite in Des Moines, IA for 40 hours/week.
Work Authorization/Sponsorship
At this time, were not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
and
Nonimmigrant Workers
Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our interns.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
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