MBA​/MFE Summer Intern – Associate, Portfolio Management

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 in PIMCO’s Newport Beach Office.

• MBA or Master’s degree with relevant work experience, with an emphasis in Finance, Economics, Financial Engineering, or a related quantitative/analytical field from an accredited, leading business school or university, completion expected between Dec 2027 – June 2028.
• Preference for candidates whose field of study provides exposure to finance/capital markets, econometrics, applied mathematics, or whose business experience and knowledge is aligned with the position.
• Preference for candidates with 1-2 years of prior work experience.
• Fluent in English.

The Portfolio Management Associate is responsible for supporting the development, presentation, and execution of investment strategies across various sectors that are part of our overall investment strategy. The most important function of this role is to maximize return consistent with client objectives. Other functions of this role include:

• Developing, presenting, and executing thoughtful trading strategies to achieve specific objectives and/or recommend alternative strategies in order to optimize investment performance over the long run.
• Preparing daily research notes and frequent market updates on news and trading levels.
• Participating in the development of the firm’s short- and long-term financial forecasts, as well as the strategies on which they are based.
• Supporting account managers by updating existing account base on market conditions, philosophy, process, and performance.

• Outstanding analytical and mathematical skills, with a strong quantitative orientation.
• Experience preparing and working with large data sets; familiarity with SQL and Python is highly valued.
• Ability to apply finance theory, portfolio theory, and asset allocation techniques in practical settings.
• Comfortable learning and using programming languages (e.g., Python, Matlab, SAS, C++) for financial analysis.
• Exposure to econometric methods and time series analysis (e.g., vector auto regression, error correction models, Kalman filtering) is a plus.
• Ability to articulate ideas and strategies clearly, both verbally and in writing.
• Well-organized, high-energy, self-starter, focused, goal-oriented, accountable, results-driven.
• Enjoy working collaboratively across the organization in a team environment, including senior level management.
• Ethical, intellectually curious, flexible, and humble.
• Desire to make contributions and grow with the organization through a variety of developmental/promotional assignments (the nature of which will be based on available opportunities and actual performance in the current role).
• Demonstrat…