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Fixed Income Extended Internship (May 2014 through January 2015) - #215308

Job Area:Investments
Business Area:PGI Fixed Income
Location:IA - Des Moines
Career Category:Intern
Full/Part Time:x:Intern
Date Posted:11/27/2013
Close Date:03/31/2014

Have you finished at the top in a stock market challenge (or in the top half)? Are you a student leader working toward a career in the investments industry? If so, keep reading to learn more about a great internship opportunity that can take you to the next level of your professional development. Principal Global Investors will host multiple students from May 2014 through early January 2015 in our Fixed Income Department. During your internship you will work closely with members of our high yield, portfolio management, emerging markets, total return, or fundamental teams. During your time with us you will assist the team with strategy, price change, and attribution reports. You will also help with maintaining our watch list and ensuring the data integrity of our investment holdings. As your familiarity with our strategy increases, you will be given opportunities to assist with sector coverage, monthly presentations and improving our current processes. Other functions you may assist with are: -Manage and assist the analysts in preparing Commercial Paper Reviews -Assisting the traders with aligning portfolios -Running specific daily, weekly, and quarterly reporting requirements for traders and analysts -Improving, streamlining, and documenting existing processes -Assisting with sector coverage -Direct interaction with clients and/or Bloomberg representatives In addition to getting exposure to the investments industry, you will also be part of the Valued Intern at The Principal (VIP) program. During your experience you will interact with other interns at social events, meet and hear from some of our executive leaders, and even have the opportunity to compete for a scholarship! Check out the qualifications below and make sure your resume reflects all of the things we are looking for. See what a past Fixed Income Co-Op had to say: "Principal Global Investors, the investment division of the company, is recognized as a leader not only in the Des Moines area, but industry wide. There are dozens of professionals with years of experience that will be able to teach you what you cannot learn from a classroom. In addition to the experience you will gain from Fixed Income, the opportunities available across the Principal Financial Group as a whole are numerous. Your work within Fixed Income will be complimented by a wide variety of events available just for interns including the chance to hear from and interact with senior leadership." Don't miss out on this excellent opportunity to hone your professional skills and contribute to a Fortune 500 company's success - apply today!

Background Check Requirements:

Employment at Principal is contingent upon successful completion of a background check.

Investment Code of Ethics:

You will be required to comply with a Code of Ethics which covers personal trading activities for you and members of your household.


Applicants must be currently pursuing a degree in finance, economics, accounting, or a related major. Completion of intermediate level coursework in investments is required. This position requires strong attention to detail so a cumulative GPA of 3.0 or higher is preferred. Additional exposure to investment concepts through involvement in student organizations or work experiences is also preferred. Strong communication skills and the ability to interact professionally are essential in this role. ALL APPLICANTS ARE REQUIRED TO SUBMIT A TYPED ANALYSIS PIECE ON MACY'S, INC. (M). THE ANALYSIS SHOULD BE NO LONGER THAN TWO PAGES. IT SHOULD INCLUDE: A DISCUSSION ABOUT THE COMPANY'S FUNDAMENTAL OUTLOOK, A RECOMMENDATION FOR INVESTMENT (BUY, SELL, OR HOLD), A SUMMARY OF INVESTMENT RATIONALE AND VALUATION TECHNIQUES EMPLOYED, AND ANY OTHER INFORMATION YOU DEEM RELEVANT. IMPORTANT: You will only be able to upload one document when submitting your application. Therefore, it is suggested that you begin the write-up/analysis immediately following the last page of your resume. You must be available to work 40 hours per week from May through early January in Des Moines, IA; an up to date copy of transcripts will be required.