Fixed Income Summer Intern – High Yield & IG

Principal International; Des Moines, Northern (IA, KY); Hybrid; USD 33,000 - 47,000; Full time

Benefits offered by this job

Internship Stipend $4,000

Job summary

Principal Asset Management, a subsidiary of Principal Financial Group, invites two Fixed Income summer interns for 2027, based in Des Moines, IA. You may work on High Yield or split responsibilities between Structured Product and Investment Grade, culminating in a final investment recommendation.

You’ll build models, analyze opportunities, and support traders and analysts while gaining exposure to Bloomberg, FactSet, and equity/credit markets.

Qualifications

• Working toward a bachelor’s or master’s degree in a related field with investment coursework
• Intermediate finance coursework completed by summer 2027
• Exposure to investment concepts through activities or work experiences

Responsibilities

• Assist traders, analysts and portfolio managers on an ad hoc basis
• Create financial models and analyze investment opportunities
• Improve, streamline, and document existing processes
• Assist with sector coverage
• Interact with roadshows and Bloomberg representatives
• Prepare investment performance commentary
• Assist analysts in preparing commercial paper and credit reviews

Skills

Strong finance skills

Data and quantitative analysis

Communication skills

Organizational skills

Education

Bachelor's or master's in accounting/finance/economics/engineering/business analytics/math/statistics

Tools

FactSet

Bloomberg

Excel

Job description

Principal Asset Management, a subsidiary of Principal Financial Group, invites two Fixed Income summer interns for 2027, based in Des Moines, IA. You may work on High Yield or split responsibilities between Structured Product and Investment Grade, culminating in a final investment recommendation.

You’ll build models, analyze opportunities, and support traders and analysts while gaining exposure to Bloomberg, FactSet, and equity/credit markets.