PGIM: 2026 Fixed Income, Business Support & Operations Internship Program (Finance)

Job Classification:
Investment Management - Investment Operations

PGIM: 202 6 Fixed Income, Business Support & Operations Internship Program

Location(s):

Newark, NJ (Hybrid)

PGIM Fixed Income falls under PGIM, which is the asset management arm of Prudential Financial. PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, NJ, London, Amsterdam, Paris, Sydney, Singapore, Munich, Zurich, Hong Kong, and Tokyo. As of March 31, 2025, the PGIM Fixed Income has $862 billion of assets under management including $429 billion in institutional assets, $196 billion in retail assets, and $237 billion in proprietary assets. Over 1100 institutional clients have entrusted PGIM Fixed Income with their assets.

Internship Summary:

PGIM is seeking motivated and goal-orientated interns to join our team. Our summer internship program spans approximately 10 weeks , offering you a valuable opportunity to work on impactful projects where you can demonstrate your skills and talents.

You'll be part of a dynamic environment that encourages learning, growth, and networking. Explore our mission to deliver financial solutions that empower individuals and institutions to achieve long-term financial wellness. This internship is more than just a summer experience; it's your first step towards a potential long-term career with Prudential. We offer opportunities to return as an intern or transition into a full-time role upon successful completion of the program.

Timeline:

Program Dates: Monday, June 1 st , 2026 - Friday, August 7 th , 2026

Application Deadline: Friday, September 26 th , 2025 (We review applications on a rolling basis and reserve the right to close earlier based on volume or role availability.)

PGIM Investment Professional internship and full-time analyst applications open Tuesday, July 1 st , 2025. All other role types open on or after Monday, August 4 th , 2025. You may apply for up to three roles per recruitment season.

What you can expect:

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. As an Intern you would be placed in a 10-week assignment across one of our diverse teams. Below are examples of teams across Operations you could find yourself working in:

• Bond Operations - Front to end operational support of Corporate Debt products, including trade capture, new issues allocations, confirmation, and settlements.

• Accounting & Performance - Internal fund accounting, position and valuation reconciliations, and difference resolution; calculation of portfolio, benchmark, and composite returns; comparative analysis, and composite reviews.

• Client Reporting - Designing, preparing, and delivering reporting to PGIM Fixed Income's Institutional, Retail, Affiliate, and Alternative clients globally.

• Collateral Management & Servicing - Responsible for monitoring counterparty exposure and collateral for derivative, MBS, Securities Lending, and Repo products . The team also monitors settlement of daily collateral moves, interest, swap payments, and variation margin.

• Derivative Operations - Facilitating post execution trade flow processes related to trade capture, confirmations, settlements, collateral management, servicing, and reconciliations for products that include Swaps, Futures, FX, Options, MBS, etc.

• Securities Lending Operations - Operational support of the Agency Lending program, managing loan and return settlement, coordination of non-cash collateral, recall management, as well as cash and custody reconciliations.

• Bank Loan Settlements & Servicing - Responsible for providing operational support to the PGIM Fixed Income bank loan assets . This includes settlement of loans, daily cash and position reconciliations, loan servicing, and data maintenance.

• On Boarding & Cash Flow Management - Client support of operational matters such as the launch of new accounts, modifications to existing accounts, and engagement with clients as well as their bank and administrators . Management of communication related to subscriptions and redemptions including discussions with the client and our Investment Team.

What you'll need :

• Candidates must be enrolled in an accredited bachelor's program or 5 th year master's program graduating December 2026 - May 202 7

• Open to all majors

• Minimum 3.0 GPA required

• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration

• Written, verbal communication and interpersonal skills, including the ability to effectively give/receive feedback and share ideas

• Determination and ability to thrive in a fast-paced environment while working on multiple tasks both independently and on a team

• Experience with Microsoft Excel and/or other technical data analysis/modeling tools desirable

It'd be a plus if you had :

• Experience with Microsoft Excel and/or other technical data analysis/modeling tools desirable

Here's what to expect when you apply:

Submit your application | Apply to up to three roles that best match your interests and skills.

Complete a first round video interview | If selected, you'll be invited to record responses to a few interview questions. This helps our teams get to know you better and allows you to share your story on your own time.

Join us for final round interviews | If you advance, you'll be invited to meet with our team-either virtually or in person-to learn more about our business, culture, and role.

Note: The hourly rate for this role is $30.00. Roles may also be eligible for additional compensation and/or benefits.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com .

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance .