2026 Summer Intern - Private Strategies Analyst, US

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

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.

2026 Summer Internship - Private Strategies Intern, US

Internship opportunities are located at PIMCO's Newport Beach, CA Headquarters and New York, NY office.

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 2027 - August 2027

Must be enrolled at a university during the Fall 2026 semester (August 2026 - December 2026)

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

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.

While our eligibility requirements are not flexible, we encourage you to apply even if you do not possess 100% of the desired skills outlined above.

The PIMCO Internship Experience :

The PIMCO Internship Program runs between Monday, June 8th - Friday, August 14th, 2026, 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'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

How you should apply :

Applications open August 2025. We review applications on a rolling basis and encourage you to apply by submitting your resume as soon as you are ready.

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 have the opportunity to showcase your interests, skills, and personality by completing a one-way video interview

If you are chosen to proceed after the video interview, you will then take an assessment

Once you complete the assessment, you will have a final round of live interviews with us via video conference. These interviews typically include both behavioral and technical questions

PIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.

For more information on PIMCO and Career Opportunities, please visit www.pimco.com / careers / students

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance. Hourly Rate : $ 52.88

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity / Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.