What You'll DoPrincipal Asset Management will host interns for our equity investment division during the Summer of 2025. The intern will join the equity research analyst team of Principal Asset Management with over 100 billion USD in AUM. You will have the opportunity to work across multiple equity styles including US, International, and Emerging markets.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 www.principalam.com .What You’ll Do
Provide comprehensive overview of the equity investment process including deep fundamental analysis focused on drivers of the investment process, philosophy application, stock valuation modeling, portfolio construction, performance monitoring, and trading
Support our Research Analyst team to generate ideas and aid in construction of outperforming strategies
Participate in special projects for fundamental analysts to identify buy/sell candidates which will allow you to attend analysis meetings and product specific discussions with individual analysts as well as create your own investment thesis on stocks. For those Associates seeking a more quantitative focus, custom projects will also be assigned
Immerse yourself in equity research teams including global, daily meetings, sector teams, and investment discussion meetings
Exposure to external management and industry sell side meetings
Who You Are
You are working towards a degree in economics, finance, accounting, engineering, business analytics, math, statistics, or a related major
By summer of 2025, you will have had courses or experience in security analysis including coursework in equity valuation
You have exposure to equity investments through involvement in student organizations or work experiences
Advanced PC skills and proficiency with Excel
Availability to work fulltime, onsite in Des Moines, New York, or Seattle during the summer of 2025
Skills That Will Help You Stand Out
Exceptional organizational skills
Demonstrated interest in financial markets
Exposure to FactSet, Bloomberg, Charles River, or similar
Strong written and verbal communication skills
Leadership positions within student, work or community organizations
Strong work ethic
Salary Range InformationSalary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)$29 - $31 / hourTime Off ProgramPaid company holidays and any time off required in your state.Pension EligibleNoAdditional InformationOur Internship CultureJoin an established program that provides hands-on experiences for 200+ interns each year! You'll 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/internshipsInternship StipendYou 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.Work EnvironmentsYou must be available to work onsite in Des Moines, New York, or Seattle.Work Authorization/SponsorshipAt this time, we're 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.Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)Investment Code of EthicsFor 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 PrincipalAt 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 EmployerAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.Posting WindowWe will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.Original Posting Date8/28/2024Most Recently Posted Date8/29/2024
