Fixed Income Trading Summer 2027 Intern

Victory Capital Management; San Antonio (TX); On-site; USD 23,000 - 32,000; Full time

Job summary

Victory Income Investors will hire a Fixed Income Trading Intern for eight weeks during Summer 2027, to learn how an institutional trading desk operates and to support traders and portfolio managers. You will work on market structure, pricing and execution while gaining exposure to Bloomberg, MarketAxess and other platforms.

No prior trading experience is required. This on-site internship reports to the Head of Fixed Income Trading and requires a commitment to five days per week in the office,

Qualifications

• Passion for financial markets and interest in fixed income trading.
• Intellectual curiosity and eagerness to understand market mechanics.
• Willingness to dig for information and ask questions.
• Strong analytical, written and oral communication skills.
• Ability to think critically and solve problems.
• Self-starter with initiative and eagerness to learn.
• Interest in building relationships and collaborating with others.
• Able to thrive in a fast-paced, team-oriented environment.
• Strong attention to detail.
• Familiarity with Bloomberg and MS Office is a plus.

Responsibilities

• Gain exposure to Investment Grade Corporate, High Yield, Structured Product and Municipal trading desks.
• Learn how institutional fixed income trades are sourced, evaluated and executed.
• Work with traders to understand market structure, liquidity, pricing and execution.
• Interact with portfolio managers and research analysts on investment decisions.
• Develop relationships with the broker-dealer community.
• Assist with market research, trade analysis and desk projects.
• Complete a project or presentation to demonstrate learned knowledge.

Skills

Financial markets passion

Analytical skills

Communication skills

Critical thinking

Team player

Attention to detail

Self-starter

Problem solving

Education

Bachelor's degree in progress

Tools

Bloomberg

Microsoft Office

Job description

Victory Capital (NASDAQ: VCTR) is a diversified global asset management firm. We serve institutional, intermediary, and individual clients through our Investment Franchises and Solutions Platform, which manage specialized investment strategies across traditional and alternative asset classes. Our differentiated approach combines the power of investment autonomy with the support of a robust, fully integrated operational and distribution platform. Clients have access to focused, top-tier investment talent equipped with comprehensive resources designed to deliver competitive long-term performance.

Victory Capital is headquartered in San Antonio, Texas. To learn more, visit www.vcm.com or follow us on Facebook, Twitter (X), and LinkedIn.

General Summary and Purpose:

Victory Income Investors (VINC) is looking for a Fixed Income Trading Intern for the summer of 2027!

VINC is a large and rapidly growing fixed income investment manager focused on active management across investment grade corporate bonds, high yield bonds, structured products and municipal securities.

This internship is a unique opportunity to learn how an institutional fixed income trading desk operates and how traders work with portfolio managers and research analysts to implement investment decisions. The intern will gain exposure to the full trading process, including market structure, liquidity, pricing, trade execution, dealer relationships and the various electronic and voice-based platforms used to trade fixed income securities.

No prior trading experience is required. We are looking for a student with a genuine passion for financial markets, intellectual curiosity and a strong desire to learn. The successful candidate will have the opportunity to work directly with experienced traders and interact with portfolio managers, research analysts and members of the broader investment team.

The internship is envisioned to be eight weeks in length and to take place during summer 2027. There is some flexibility on the exact starting date. The intern would report to the Head of Fixed Income Trading. The successful candidate will be expected to commit to being on-site in the office five days per work week, and any relocation and housing expenses will be borne by the candidate.

You Will:

• Gain exposure to Investment Grade Corporate, High Yield, Structured Product and Municipal trading desk
• Learn how institutional fixed income trades are sourced, evaluated and executed
• Work closely with experienced traders to understand market structure, liquidity, pricing and execution
• Interact with portfolio managers and research analysts to understand how investment decisions translate into trading activity
• Gain exposure to the broker-dealer community and learn how traders develop and maintain relationships with the Street
• Learn how traders evaluate dealer pricing, liquidity and market conditions when executing trades
• Gain exposure to Bloomberg, MarketAxess, Tradeweb, Trumid and other fixed income trading and market information platforms
• Monitor new issue and secondary markets and develop an understanding of what drives fixed income pricing and liquidity
• Participate in discussions regarding market conditions, trading opportunities and relative value
• Assist the trading team with market research, trade analysis and other projects designed to improve the desk's understanding of the market
• Develop an understanding of best execution and the factors that influence execution quality
• Have the opportunity to interact with and learn from portfolio managers, research analysts, traders and other members of the VINC investment team
• Complete a project or presentation during the internship designed to demonstrate the knowledge and experience gained during the program

You Have :

• A passion for financial markets and a strong desire to learn about fixed income trading
• Intellectual curiosity and an eagerness to understand how markets work
• A willingness to "dig" for information and ask questions
• Strong analytical, written and oral communication skills
• The ability to think critically and work through problems
• A motivated self-starter who takes initiative and is eager to learn
• An interest in developing relationships and working collaboratively with others
• The ability to work effectively in a fast-paced, team-oriented environment
• Strong attention to detail
• Familiarity with Bloomberg and Microsoft Office applications would be a plus, but is not required
• Currently pursuing a bachelor's degree, with an anticipated graduation date of 2027 or 2028

Target Compensation :

The target base salary range for this position is $20 per hour.

Next Steps:

Victory Income Investors will accept applications through October 25. Those applicants with whom Victory would like to discuss their interest further will be contacted for an interview to take place between late October and mid-December.

Victory expects to make final decisions in January 2027.

We are committed to equal employment opportunity without regard to actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, pregnancy-related conditions, and lactation), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, height, weight, hair texture or a hairstyle historically associated with race to include braids, locks, or twists; or any other characteristic protected by applicable federal, state, or local laws and ordinances.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.