2027 Summer Intern - Credit Research Analyst, EMEA

2027 MBA Summer Intern – Credit Research Analyst, EMEA

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets.

Since 1971, our people have shaped our organization through a high-performance, inclusive culture where we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence.

Internship positions are located at PIMCO’s London Office.

Eligibility

• Are pursuing an MBA degree with an emphasis in Finance and Economics or a related, quantitative/analytical field from an accredited, leading business school or university, or an equivalent advanced degree as it relates to the position.
• Must be able to begin full-time employment from a PIMCO office between January 2028 – August 2028.
• Fluent in English (speaking, reading, writing).
• Must be willing to work in London.

Application Instructions

• All applications for this role must be received by November 14, 2026.
• Please submit your resume and cover letter via the PIMCO Careers portal.
• REQUIRED: a 1–2-page write-up of an original and independent investment recommendation that can target either debt or equity securities, depending on your comfort level with these asset classes.
• Please note: This investment recommendation will be used in our interview selection process.
• Please include your name in the file title and in the header on each page of the write-up. To be able to upload your file, consider combining your write-up with your cover letter PDF file for submission.

Credit Research

Credit Research analysts evaluate various industries and companies to make investment recommendations to PIMCO’s portfolio managers group. They also provide analytical support by highlighting risks. Credit analysts at PIMCO specialize in a number of industries and cover all levels of the debt capital structure, including investment grade bonds, high yield (“junk”) bonds, bank debt and convertibles.

Summer interns will work alongside seasoned credit analysts, supporting them in their coverage responsibilities while learning about the various industries and day-to-day responsibilities.

Career Development, Training and Mentoring

Every intern begins their summer with a formal week of training. The PIMCO Fundamentals training program will provide skills, knowledge and relationships that will prepare you to succeed in your internship. Informal training continues throughout the summer in a perpetual learning environment. You will also be teamed with a seasoned professional who offers guidance and mentorship throughout the internship.

Desired Candidate Characteristics

• Skills conducting research and basic financial modeling; demonstrates natural intuition to make good judgments.
• Strong interest in the financial markets, macroeconomics and investment finance.
• Proactive in thinking about potential investment ideas.
• Good communicator with strong written and oral presentation abilities; needs to be persuasive and credible.
• Ethical, collaborative, organized, flexible, high-energy, self-starter, accountable, humble.
• Strong academic credentials and achievement.
• Demonstrated curiosity and experience using new emerging technologies and AI tools in work or school projects to solve problems and drive better outcomes.

The PIMCO Internship Experience

• The PIMCO Internship is a 10-week program running from early June to mid-August, with the expectation that you will be available for the full duration.
• During Week 1, you’ll participate in PIMCO Fundamentals Training, providing skills, knowledge and relationships to help prepare you for success.
• Alongside your colleagues, participate in PIMCO’s Global Month of Volunteering, developed to heighten the impact of employees’ worldwide volunteer efforts.
• Join a variety of cross-divisional education, networking and social events.
• Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summer.
• You will gain hands-on experience with AI-powered tools from day one, with training and resources that build future-ready skills and help you make an impact early.
• You’ll receive feedback at mid- and end-of-summer as part of a formal review process to help you meet your summer goals.
• Hear from past interns via The PIMCO Internship Experience.
• As a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations.

PIMCO follows a total compensation approach when rewarding employees, which includes a base salary and a discretionary bonus. Base salary is the fixed component determined by core job responsibilities, relevant experience, internal level and market factors. The discretionary bonus is used to award performance and is determined by company, business, team and individual performance.