PGIM: 2027 Public and Private Credit, Sophomore Externship Program

Prudential Annuities Distributors (PAD); Newark, Northern (NJ, KY); Hybrid; USD 36,000 - 48,000; Full time

Job summary

PGIM is offering a three-day sophomore externship in January 2027 in Newark, NJ to educate students on its credit business and internship opportunities. Selected participants will learn about careers in public and private credit, participate in training sessions and case studies, and network with analysts and senior leaders.

Applicants must be enrolled in an accredited bachelor's degree program graduating between December 2028 and May 2029, with a minimum GPA of 3.0.

Qualifications

• Candidate must be enrolled in an accredited bachelor’s degree program graduating between December 2028 and May 2029
• All majors welcome
• Candidates should have an interest in exploring careers across asset management/investments/finance
• Minimum GPA of 3.0 required

Responsibilities

• Learn about careers in public and private credit
• Participate in training sessions and case studies
• Network with analysts, associates, and senior leaders
• Shadow investment professionals
• Explore PGIM's internship and full-time career opportunities
• Complete first-round interviews for the 2028 Summer Internship Program
• Travel and lodging will be provided for selected participants.

Skills

Interest in asset management/finance

Education

Bachelor's degree program graduating Dec 2028–May 2029

Job description

Job Classification: Investment Management - Investments PGIM: 2027 Public and Private Credit, Sophomore Externship Program Location: Newark, NJ

Your Opportunity: Are you a sophomore interested in learning about careers in public or private credit? Would you like to get a jump start on 2028 summer internship recruiting while networking with leaders at a premier asset manager? PGIM will host a 3-day sophomore externship in January 2027 to educate students on its credit business and opportunities for internships and careers with the firm.

PGIM Private & Public Credit Overview: PGIM is the asset management business of Prudential Financial, headquartered in Newark, NJ. Our externship will showcase our Credit business within PGIM:

• Private Credit: PGIM’s private capital investment business, managing over $100 billion in private debt and equity investments across more than 1,000 companies worldwide (as of 3/31/26). Private Credit focuses on long-term partnerships with middle-market companies, offering customized financing solutions and deep industry expertise.
• Public Credit: PGIM’s public fixed income business, managing over $900 billion of active solutions for over 1,000 institutional clients (as of 3/31/26). Public credit focuses on all fixed income sectors, including but not limited to: investment grade, leveraged finance, emerging markets, and securitized products.

Public Credit Program Overview: Dates: January 5-7, 2027 Location: Prudential Headquarters, Newark, NJ

Selected participants will:

• Learn about careers in public and private credit
• Participate in training sessions and case studies
• Network with analysts, associates, and senior leaders
• Shadow investment professionals
• Explore PGIM's internship and full-time career opportunities
• Complete first-round interviews for the 2028 Summer Internship Program
• Travel and lodging will be provided for selected participants.

During the sophomore externship we’ll be showcasing 3 different investment professional internship programs across public & private credit. These businesses use their internship program as the main feeder into their full‑time Analyst programs:

Private Credit (1 Program): Our private credit teams span Corporate Finance, Real Assets, Alternatives, and Corporate Project Workouts. Team members are actively involved in financial modeling, due diligence, industry research, and preparing investment memos, while collaborating closely with senior leadership, portfolio managers, and external stakeholders to structure and negotiate transactions that align with strategic investment goals, all within a dynamic, high‑impact environment that fosters professional growth and cross‑functional collaboration. Following completion of the externship, a summer 2028 internship opportunity could exist in any of the following cities: Atlanta, Chicago, Dallas, San Francisco, Los Angeles, Minneapolis, Newark, and New York.

Public Credit (2 Programs): Research: The Credit Research team focuses on fundamental investment analysis, defining relative value within issuer capital structures and industry sectors, and communicating investment recommendations to Portfolio Managers. The fundamental credit investment research conducted by this team is an integral component of the portfolio construction process. Day-to-day responsibilities for members of this team include industry data collection & trend analysis, financial statement analysis, financial modeling & forecasting, assessment of business & financial strategy, and monitoring market movements through daily meetings with portfolio managers, economists, and strategists. In addition, this team regularly interacts with management of issuing companies, industry consultants, and Wall Street counterparts.

Portfolio Analysis: The Portfolio Analysis Group evaluates portfolio positioning with respect to risk exposures and alpha objectives, provides portfolio construction and alignment insight, and analyzes performance drivers across a multitude of investment products and processes to deliver performance attribution. Utilizing a variety of analytical tools, the group integrates specific client guidelines, objectives, and risk tolerances into the firm’s investment process to ensure complete portfolio management and analytics are in place. The group collaborates and works closely with Senior Analysts, Portfolio Managers, Traders, Risk Managers, the Quantitative Team, Credit Research, Client Advisory, and Sales and Marketing. Following completion of the externship, a summer 2028 internship opportunity (across both research and portfolio analysis) could exist in the following city: Newark.

What you’ll need:

• Candidates must be enrolled in an accredited bachelor’s degree program graduating between December 2028 and May 2029
• All majors welcome!
• Candidates should have an interest in exploring careers across asset management/investments/finance
• Minimum GPA of 3.0 required

Prudential does not provide visa sponsorship for this program. Successful candidates must possess the requisite US employment authorization to be eligible for consideration.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email [e-mail].

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives.

For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.