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Principal Financial Group Intern - Graduate Level - Summer Associate Equities in Des Moines, Iowa

Responsibilities

Principal Global Investors (PGI) will host a small group of interns in our equity investment division during the Summer of 2023. These interns will join the research analyst team of Principal Global Equities (PGE) with over 100 billion USD in AUM.

As a member of the research team, the Summer Associates support our Analyst Research team to generate ideas and aid in construction of outperforming strategies. Consistent across all strategies, our approach is to evaluate and select stocks from a broad investment universe and construct portfolios in alignment with specific objectives and risk management parameters supported by our proprietary quantitative tools. We seek companies demonstrating positive fundamental change, with exploitable expectation gaps and pricing anomalies. Our conviction is built on fundamental bottom-up insights rather than making macro-based calls. Our Associates will rotate through various sectors within global equities and be primarily focused on individual stock analysis within the parameters of our investment process and philosophy.

Responsibilities will include:

  • Provide comprehensive overview of the equity investment process including deep fundamental analysis focused on drives of the investment process, stock selection models, quantitative ranks, portfolio construction, performance monitoring, trading and client reporting.

  • Participate in special projects for fundamental analysts to identify buy/sell candidates which will allow you to attend analysis meetings and product specific discussions with individual analysts as well as create our own investment thesis on stocks. For those Associates seeking a more quantitative focus, custom projects will also be assigned.

Qualifications

We are looking for somone with:

  • Candidates must be pursuing a Master's, MBA or PHD in finance, security analysis, math, statistics, economics, accounting or an equivalent emphasis. Undergraduate degrees in all disciplines are considered to contribute to the cognitive diversity we seek

  • Must have strong knowledge of investments combined with excellent mathematical skills

  • Advanced PC skills and proficiency with Excel

Additional preferred skills and experience

  • Chartered Financial Analyst (CFA) or CFA candidate

  • Exceptional organizational skills

  • Investment related software knowledge

  • Exposure to Morningstar, FactSet, Bloomberg, or similar

  • Candidates must have strong written and verbal communication skills

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Salary Range

$49 - $66 / year

Additional Information

Internship Stipend

You will receive a lump sum stipend of $3,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit but is not intended to compensate for all tax liabilities.

Pay Transparency

Principal offers competitive pay based on cost of labor in your location and your experience, including whether in the past you’ve interned with Principal.

Work Environments

This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek). You’ll work with your leader to determine which option may align best based on several factors.

Location

This role will be based out of our Corporate Headquarters located in Des Moines, IA. International locations in London or Hong Kong will also be considered, provided you have work authorization with no sponsorship needed in these two locations. If hired into a full time position, other PGI locations may be considered as an alternate work location, should this be of interest to you.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States? This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)

Investment Code of Ethics

For Principal Global Investors positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore ourcore values (https://www.principal.com/about-us/careers#core-values) ,benefits (https://www.principal.com/about-us/careers#benefits) and whywe’re an exceptional place (https://www.principal.com/about-us/careers#reputation) to grow your career.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Job Locations US-IA-Des Moines

Posted Date 5 days ago (9/23/2022 2:21 PM)

Job # 2022-36979

Category Investments

Ent Seg PGI

Bus Area PGI Equities

Pos Typ Intern (Full Time)

Remote No

FLSA Non-Exempt

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