At Franklin Templeton were driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management wealth management and fintech offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise thats both broad and unique. From our welcoming inclusive and flexible culture to our global and diverse business we offer opportunities not only to help you reach your potential but also to contribute to our clients achievements.

Come join us in delivering better outcomes for our clients around the world!

PUTNAM EQUITY ASSOCIATE INTERN Summer 2026

Eligibility Requirements

This internship is intended for undergraduate students who will be entering their junior or senior year in the Fall 2026 semester. Eligible candidates will be graduating in one of the following semesters:

• Fall 2026
• Spring 2027
• Fall 2027
• Spring 2028

Company Overview

Putnam Investments a Specialized Investment Manager (SIM) of Franklin Templeton is a diversified equity-only asset manager with roots dating back to 1937. We manage a range of active equity portfolios with a focus on stock-specific opportunities. Our approach stock-driven rather than style-driven is designed to produce consistent outperformance regardless of the market environment. As of December 31 2024 the firm managed over $121 billion in assets under management in strategies covering the style geography and capitalization spectrum as well as sustainable solutions. We offer these strategies in a number of vehicles to meet the investment needs of our global clients and investors. Available vehicles include mutual funds institutional separate accounts SMA/model portfolios ETFs CITs and UCITS.

Position Overview

The Equity Associate role is that of a junior Analyst conducting fundamental research to make buy and sell recommendations on stocks just as would a more senior member of the research team. The internship will begin with a one-week training program including accounting modeling and valuation training. In the following eight or nine-weeks the Intern will focus on completing an industry project and will independently assume coverage of two stocks. For each the investment case will be detailed through written research and a brief presentation given to a group of senior Analysts and Portfolio Managers. At the end of the summer we will look to extend full-time offers to those who demonstrate the aptitude passion and desire it takes to become a successful full-time Equity Associate.

Position Responsibilities

• Build and leverage industry expertise perform deep analysis on companies within covered industry subgroups building relationships with company management teams as well as with suppliers customers and competitors. Leverage that expertise to anticipate trends for each company including an understanding of material ESG issues that will affect long-term fundamentals.
• Identify and develop insights on key stock drivers figure out what matters for each stock performing creative and differentiated research to build conviction around likely outcomes for each critical variable and the resulting implications for companies profitability and stock prices.
• Communicate effectively to drive impact articulate the investment case clearly iterate with incremental analysis to support or disprove the theses and present the finished product to a group of senior Analysts and Portfolio Managers.

Education Work Experience and Key Traits

• In the process of completing a BA or BS degree required. Candidates with superior undergraduate academic records from all majors are encouraged to apply.
• Self-driven individuals who thrive in an autonomous environment and are excited about the opportunity to make a meaningful impact while serving as a fiduciary to Putnams shareholders will do best.
• Prior work experience in the financial industry is helpful but not necessary. We are looking for a demonstration of passion that can be applied to investing.
• Strong work ethic coupled with the desire to win.
• Ability to learn quickly and to effectively convey conclusions.
• Team player; additive to overall process with positive attitude leadership by example and active involvement at all levels to advance the investment dialogue.

Ready to make movesApply today!

When applying please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship please apply for other internships that pique your interest.

Compensation Range:This is a full-time internship where students will work approximately 37.5 hours per week and earn competitive hourly pay of $37 - $47 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location job-related knowledge skills and experience. At Franklin Templeton we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.

What makes Franklin Templeton unique

We believe that being a good corporate citizen is good business. To us corporate citizenship means being accountable serving our clients being an employer of choice managing our environmental impact andsupporting our communities. An emphasis on corporate citizenship is embedded in ourculture and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience Exposure and Education to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation. We invite you to visit us atFranklin Templeton Careers to learn more about our company career opportunities and recruitment process.

Franklin Templeton is committed to fostering adiverse and inclusive environment. If you believe that you need an accommodation to search for or apply for one of our positions please send an email to . In your email please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

At Putnam we arecommittedto a diverseworkforceand takepositivesteps to ensureequal opportunityin our recruitment process. We also undertake to hire develop and retain the most talented individuals by valuing the varied skills that you bring.

Candidates must be a U.S. citizen or national refugee asylee or lawful permanent resident.

Experience our welcoming culture and reach your professional and personal potential!