2027 Summer Intern – Private Strategies Analyst, US (Residential Mortgages, NPB)

2027 Summer Internship – Private Strategies Analyst, US (Residential Mortgages, NPB)  

Internship opportunities are located at PIMCO’s Newport Beach, CA Headquarters. 

You’re eligible to apply if you:  

• 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 

• Are business proficient in English 

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

• Have a strong interest in the financial markets, macroeconomics, 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; have strong written and oral presentation abilities. Are persuasive and credible 

• Have 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 

See yourself as a Private Strategies Intern:  

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, and also 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 course of the summer, you will support their team efforts in sourcing, evaluating, underwriting and managing of alternative credit and private strategy investments. Successful interns receiving full time offers will have the opportunity to join a two year rotational program with a potential for a career track in Portfolio Management. 

The PIMCO 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 us for a variety of cross-divisional education, networking & 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 help build future ready skills and make an impact from the start 

• You’ll 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 

• Want to learn more? Hear about The PIMCO Internship Experience from past interns.  

• As a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations 

What to expect during the interview process:  

• After we receive your application, we will conduct an initial review of your resume   

• If you are selected to move forward, you will take a cognitive assessment and have the opportunity to showcase your interests, skills, and personality by completing a one-way video interview   

• Once you complete the assessment and one-way video interview, you will have a final round of live interviews via video conference. These interviews typically include both behavioral and technical questions 

Applications for the internship program are reviewed in phases. Candidates are strongly encouraged to apply as early as possible to be considered in the initial review. Later applications received may still be considered; however, due to the high volume of interest, we cannot guarantee that all applications will be reviewed.