2027 Credit Alternatives Summer Internship

Brown Brothers Harriman & Co.; New York (NY); On-site; USD 47,000 - 57,000; Full time

Benefits offered by this job

Sign-on bonus

Professional development

Job summary

Brown Brothers Harriman & Co. invites students to join the 2027 Credit Alternatives Summer Internship in New York.

You will work with the Credit Alternatives Group on real projects, building financial models and evaluating CLOs and structured fixed income securities. The program emphasizes hands-on learning, mentorship from Partners and Principals, and a path to potential full-time opportunities within BBH.

Qualifications

• Current college junior entering senior year in fall 2027 with finance, business, or investing interest.
• GPA of 3.5 or higher is expected.
• Strong quantitative analytics capabilities are required.
• Demonstrated leadership through activities or coursework.
• Effective written and verbal communication skills.
• Solid understanding of asset management and securities markets (equities & fixed income).
• Ability to think creatively and strategically; good judgment.
• Ability to prioritize competing demands and work in a team.
• Proficiency in Excel and PowerPoint is essential.

Responsibilities

• Financial modeling and analysis of structured fixed income securities.
• Recommend investment actions based on credit risk and quantitative research.
• Collaborate with traders and analysts to identify mispriced bonds.
• Research and document credit recommendations across sectors.
• Provide pricing guidance to trading desk for new purchases.
• Analyze issuer financial strength and market trends.
• Communicate investment ideas clearly to clients and teams.
• Maintain knowledge of applicable regulations and internal policies.

Skills

Finance interest

GPA 3.5+

Quantitative analysis

Leadership

Communication

Asset management knowledge

Equities & fixed income

Creative thinking

Judgment & problem solving

Prioritization

Teamwork

Excel & PowerPoint

Education

Finance/Business major

Pursuing Bachelor's degree

Tools

Excel

PowerPoint

Job description

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

2027 Credit Alternatives Summer Internship We’re looking for sharp minds and bold thinkers to join our internship program - your pathway to real-world finance, global markets, and the kind of professional development that sets you apart. We value our internship programs as they help us identify our future hires and leaders.

What You’ll Experience in BBH’s Internship Program:

• Overview: Experience a dynamic 10-week internship where you will be fully immersed in BBH’s culture and business needs
• Hands-On Learning: Work alongside experienced professionals on real projects that support business objectives
• Mentorship That Matters: Work side-by-side with industry leaders and BBH owners (Partners and Principals) who are invested in your growth
• Professional Development: Sharpen your skills through workshops, speaker series, and networking events designed to accelerate your career. Receive continuous and personalized feedback throughout the program – empowering you to grow, refine your skills, and help you navigate your path to success
• Collaborative Environment: Join a tight-knit team where your ideas are heard, your contributions matter and your potential is unleashed
• On-Site Presence: Immerse yourself in our company culture and accelerate your professional development with your daily in-office presence
• Community: Make a positive impact by volunteering in our philanthropic program – BBHcares while connecting with fellow BBHers

BBH’s Credit Alternatives investment unit focuses on alternative opportunities in swiftly growing segments of the credit markets, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs) and business development companies (BDCs). Its experienced investment team is a lead investor in all of these segments. The Credit Alternatives investment team manages over $12b AUM, which are a key constituent of BBH’s structured fixed income strategy (on behalf of dozens of SMA clients and multiple commingled funds) as well as BBH’s taxable fixed income strategies. In addition to debt investments, the team is also an active investor in difficult to source, higher return equity and residual investments that are in high demand from alternatives investors. The team is entrepreneurial in its search for value, leverages its deep relationships with hundreds of issuers and underwriters, and commits to the highest level of integrity in its analysis and investment process.

As a summer intern on the Credit alternatives team, you will gain valuable insight into responsibilities of an entry-level analyst on the team including, evaluating structured fixed income securities, making investment recommendations and helping evaluate other proposed investments in a team context, with a particular focus on Collateralized Loan Obligations (“CLOs”). You will learn the durability, management and financial structure of individual structured fixed income issuers, as well as sector dynamics, and valuation discrepancies between securities, sectors and grades.

What can you expect from an Internship with BBH’s Credit Alternatives Group?

• Financial modeling and analysis of structured fixed income securities
• Recommend investment actions for structured fixed income securities, based on credit risk, and quantitative research and analysis
• Work with fixed income traders and other analysts to identify, evaluate and locate potentially mispriced corporate bonds
• Research and document credit recommendations in designated industry sectors
• Provide the trading desk with pricing guidance for new purchases
• Analyze the overall financial strength and risk of individual issuers
• Analyze market and pricing trends, plus yield and duration considerations between different fixed income sectors
• Monitor credit of securities, in the designated industry sectors, and take action as appropriate
• Discuss individual investments and our investment process appropriately and compellingly with clients
• Present and discuss covered sectors and individual recommendations
• Communicate investment performance to analysts and client relationship teams
• Maintain fluency in applicable regulations, as well as internal policies and procedures
• Encourage and demonstrate strong team behaviors – help your colleagues make better investment decisions

What BBH’s Credit Alternatives Group looks for in an Intern:

• Current junior in college, entering senior year in fall of 2027 with a background in and passion for finance, business, or investing
• Strong academic achievement as evidenced through a GPA of 3.5 or higher
• Exceptional quantitative analytic capabilities
• Demonstrated leadership skills through academic and extracurricular activities
• Effective communication skills, written and verbal
• Strong understanding of asset management industry and security markets (equities and fixed income)
• Demonstrated ability to think creatively and strategically
• Sound judgment and demonstrated ability to identify, elevate and resolve a problem
• Ability to prioritize competing demands
• Demonstrated passion for teamwork and success
• Advanced proficiency in Excel and PowerPoint, i.e. customizing charts and graphs, conducting multi-sheet analysis, linking data across workbooks, and using advanced formulas

Applications for BBH’s 2027 Summer Internship Program close October 2nd, 2026.

Salary Range $25/hr + sign-on bonus

BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing.

The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role.

BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.

About BBH: Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us. We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas.

Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.

Brown Brothers Harriman (BBH) is a global financial services firm known for premium service and specialist expertise.

BBH works with leading asset managers, financial institutions, private businesses and their owners, wealthy families, and sophisticated institutional investors. As a private partnership, we are uniquely built to put clients first and create success that lasts. We believe our success begins with yours. At BBH, partnership is more than a form of ownership—it’s our approach to business and relationships. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges.

No matter where you sit in the organization, everyone is empowered to contribute their ideas and perspective. BBHers can pick up the phone and call any colleague, and they are happy to help – which is why expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. Delivering for our clients and each other energizes us. We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation. Every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people.

Our long-tenured leaders are experts in their areas and are actively involved in the day-to-day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours. Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.

At BBH, partnership is more than a form of ownership—it’s our approach to business and relationships. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice.