PGIM: 2026 Fixed Income, Business Support & Operations Internship Program
PGIM: 2026 Fixed Income, Business Support & Operations Internship Program
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Job Description
Job Classification:
Investment Management - Investment OperationsPGIM: 2026 Fixed Income Business Support & Operations Internship Program
Location(s):
Newark NJ (Hybrid)
Internship Summary:
PGIM is seeking motivated and goal-orientated interns to join our team. Our summer internship program spans approximately 10 weeks offering you a valuable opportunity to work on impactful projects where you can demonstrate your skills and talents.
Youll be part of a dynamic environment that encourages learning growth and networking. Explore our mission to deliver financial solutions that empower individuals and institutions to achieve long-term financial wellness. This internship is more than just a summer experience; its your first step towards a potential long-term career with Prudential. We offer opportunities to return as an intern or transition into a full-time role upon successful completion of the program.
Timeline:
Program Dates: Monday June 1st 2026 Friday August 7th 2026
Application Deadline: Friday September 26th 2025 (We review applications on a rolling basis and reserve the right to close earlier based on volume or role availability.)
PGIM Investment Professional internship and full-time analyst applications open Tuesday July 1st 2025. All other role types open on or after Monday August 4th 2025. You may apply for up to three roles per recruitment season.
What you can expect:
You will be empowered to contribute in a meaningful way add new value to organization initiatives and effect change. As an Intern you would be placed in a 10-week assignment across one of our diverse teams. Below are examples of teams across Operations you could find yourself working in:
Bond Operations - Front to end operational support of Corporate Debt products including trade capture new issues allocations confirmation and settlements.
Accounting & Performance - Internal fund accounting position and valuation reconciliations and difference resolution; calculation of portfolio benchmark and composite returns; comparative analysis and composite reviews.
Client Reporting - Designing preparing and delivering reporting to PGIM Fixed Incomes Institutional Retail Affiliate and Alternative clients globally.
Collateral Management & Servicing - Responsible for monitoring counterparty exposure and collateral for derivative MBS Securities Lending and Repo products. The team also monitors settlement of daily collateral moves interest swap payments and variation margin.
Derivative Operations - Facilitating post execution trade flow processes related to trade capture confirmations settlements collateral management servicing and reconciliations for products that include Swaps Futures FX Options MBS etc.
Securities Lending Operations - Operational support of the Agency Lending program managing loan and return settlement coordination of non-cash collateral recall management as well as cash and custody reconciliations.
Bank Loan Settlements & Servicing - Responsible for providing operational support to the PGIM Fixed Income bank loan assets. This includes settlement of loans daily cash and position reconciliations loan servicing and data maintenance.
On Boarding & Cash Flow Management - Client support of operational matters such as the launch of new accounts modifications to existing accounts and engagement with clients as well as their bank and administrators. Management of communication related to subscriptions and redemptions including discussions with the client and our Investment Team.
What youll need:
Candidates must be enrolled in an accredited bachelors program or 5th year masters program graduating December 2026 - May 2027
Open to all majors
Minimum 3.0 GPA
Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
Written verbal communication and interpersonal skills including the ability to effectively give/receive feedback and share ideas
Determination and ability to thrive in a fast-paced environment while working on multiple tasks both independently and on a team
Experience with Microsoft Excel and/or other technical data analysis/modeling tools desirable
Itd be a plus if you had:
Experience with Microsoft Excel and/or other technical data analysis/modeling tools desirable
Heres what to expect when you apply:
Submit your application Apply to up to three roles that best match your interests and skills.
Complete a first round video interview If selected youll be invited to record responses to a few interview questions. This helps our teams get to know you better and allows you to share your story on your own time.
Join us for final round interviews If you advance youll be invited to meet with our teameither virtually or in personto learn more about our business culture and role.
Note: The hourly rate for this role is $30.00. Roles may also be eligible for additional compensation and/or benefits.
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 .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
Intern
Employment Type
Full-Time
