MBA Summer Intern – Credit Research Analyst

Credit Research Analyst, US

PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them.

To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Internship positions are located at PIMCO's Newport Beach, CA Headquarters.

You're eligible to apply if you:

• 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 other 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 Newport Beach, CA

How to apply:

• 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, combining your write-up with your resume 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 for the firm's portfolio managers by highlighting risks. Credit analysts at PIMCO specialize in a number of industries and cover all levels of the debt capital structure - investment grade bonds, high yield ("junk") bonds, bank debt and convertibles.

Summer interns will work alongside our 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 you with the skills, knowledge and relationships that will prepare you to succeed in your internship. Your informal training will continue throughout the summer at PIMCO – everyday, in a perpetual learning environment. In addition, you will be teamed with a seasoned professional who offers guidance and mentorship throughout the internship.

Desired candidates should possess the following 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; 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
• 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

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…