PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Internship positions are in London.

Credit Research

Credit Research analysts evaluate various industries and companies to make investment recommendations to PIMCO’s portfolio managers group. They also provide analytical support for the firm’s portfolio managers by highlighting risks. Credit analysts at PIMCO specialize in a number of industries and cover all levels of the debt capital structure - investment grade bonds, high yield ("junk") bonds, bank debt and convertibles. Summer interns will work along-side our seasoned credit analysts, supporting them in their coverage responsibilities, while learning about the various industries and day-to-day responsibilities.

Career Development, Training and Mentoring

Every intern begins their summer with a formal week of training. The PIMCO Fundamentals training programme will provide you with the skills, knowledge and relationships that will prepare you to succeed in your internship. Your informal training will continue throughout the summer at PIMCO - everyday, in a perpetual learning environment. In addition, you will be teamed with a seasoned professional who offers guidance and mentorship throughout the internship.

Desired candidates should possess the following characteristics:

• Strong interest in credit markets, financial analysis, and investment research

• Ability to analyze financial statements and assess credit risk

• Proficiency in financial modeling and valuation techniques

• Strong analytical and problem-solving abilities

• Highly motivated, ethical, and able to work independently

• Proficiency in Microsoft Excel and other financial software tools

Requirements *Pursuing an MBA degree with an emphasis in Finance and Economics or a related, quantitative/analytical field from an accredited, leading business school or university, or other equivalent Advanced Degree as it relates to the position, completion expected between Dec 2025 - June 2026
*Experience conducting financial modelling, a passion for investing, independent thinkers with the ability to self-manage, interest in or experience with computer programming
*A fluent level of written and spoken English
Summer Programme Details *Starts in mid-June 2025, 10 weeks in length, Week 1 consists of PIMCO Fundamentals training
*Cross-divisional education, networking & social events
*Formal mentor programme
*Formal reviews/feedback at mid-summer and end-of-programme
To Apply *Submit your resume and cover letter online by your schools designated deadline
*Include a 1-2 page write-up of an original and independent investment recommendation that can target either debt or equity securities, depending on your comfort level with these asset classes
*Please note: This investment recommendation will be used in our interview selection process
*Please include your name in the file title and in the header on each page of the write-up. In order to be able to upload your file, consider combining your write-up with your cover letter pdf file for submission
*If you have applied for on-campus recruiting through your career services, you must also create an application in this system
Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.