2027 Summer Intern – Private Strategies Analyst, US (Special Situations, NYC)

PIMCO is a global leader in active fixed income. Since our launch in 1971 in Newport Beach, California, we introduced investors to a total return approach to fixed income investing. Over the past 50+ years, we have worked relentlessly to help millions of investors pursue their objectives—regardless of shifting market conditions. As active investors, our goal is not just to find opportunities, but to create them. We remain firmly committed to delivering superior investment returns, solutions, and service to our clients. Our people shape our organization through a high-performance inclusive culture, celebrating diverse thinking and investing in our team to imprint our CORE values of Collaboration, Openness, Responsibility, and Excellence.

About the role

This 2027 Summer Internship – Private Strategies Analyst role is located at PIMCO’s New York, NY office. Since launching its first opportunistic credit vehicles over 15 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities, relying on fundamental and capital structure analysis, as well as strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.

You will work alongside seasoned associates and Portfolio Managers, focusing on financial modeling and qualitative analysis in support of direct lending and special situations/distressed debt investing. Throughout the summer, you will support team efforts in sourcing, evaluating, underwriting, and managing alternative credit and private strategy investments. Successful interns receiving full-time offers will have the opportunity to join a two-year rotational program with potential for a career track in Portfolio Management.

Eligibility

• Pursuing an undergraduate degree
• Must be able to begin full-time employment at a PIMCO office between January 2028 – August 2028
• Must be enrolled at a university during the Fall 2027 semester (August 2027 – December 2027)
• Have a minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or the equivalent) at an accredited 4-year college or university
• Business proficient in English

Qualifications

You’ll excel as a Private Strategies Intern if you:

• Have a strong interest in the financial markets, macroeconomics, and investment finance
• Have skills conducting research and basic financial modeling
• Demonstrate natural intuition to make good judgments
• Are proactive in thinking about potential investment ideas
• Are a good communicator with strong written and oral presentation abilities
• Are persuasive and credible
• Have a strong work ethic and integrity; are a team player that is proactive and self-motivated
• Have the ability to work effectively on multiple projects simultaneously

Preferred but not required:

• Have an investment banking sophomore internship
• Demonstrate curiosity and experience in using new emerging technologies and AI tools in your work or school projects to solve problems and drive better outcomes

Internship Experience

The PIMCO Internship is a 10-week program that runs from early June to mid-August, with the expectation that you will be available for the full duration of the program.

• During Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for success
• Alongside your colleagues, participate in PIMCO's Global Month of Volunteering, developed to heighten the impact of our 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
• Gain hands-on experience with AI-powered tools from day one, with training and resources that help build future-ready skills and make an impact from the start
• Receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goals

Pay

As a PIMCO intern, you’ll receive competitive compensation. The hourly rate for this role is $52.88. PIMCO follows a total compensation approach, which includes a base salary and a discretionary bonus. Base salary is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is based on company, business, team, and individual performance.