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Principal Fixed Income Extended Internship (January-July 2022) in Des Moines, Iowa

Principal Global Investors will have two internships in our Fixed Income Department. During your internship, you will work closely with members of our Credit Research Teams. You will be responsible for preparing Commercial Paper Reviews, assist with financial models and ensuring the data integrity of our investment holdings. As your familiarity with investments 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 Private Placement Screening Memos

  • Assisting the traders on an ad hoc basis

  • 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 company roadshows and/or Bloomberg representative

You must be available to work full time (40 hours per week) from January - July 2022.

We’re looking for someone with:

  • Working towards or obtain a bachelor’s or graduate level degree in finance, economics, engineering, business analytics or a related major.

  • Completion of intermediate level coursework in finance is preferred.

  • Strong communication skills and the ability to interact professionally are essential in this role.

  • This position requires strong attention to detail so a cumulative GPA of 3.0 or higher is required, 3.5 GPA or higher is preferred.

  • Additional exposure to investment concepts through involvement in student organizations or work experiences is also preferred.

  • Must be available to work 40 hours per week from January - July 2022.


This internship can be located either at our corporate headquarters in Des Moines, IA.

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. and

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 our core values, benefits and why we’re an exceptional place 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.

Requisition ID: 2021-32041

Enterprise Segment: PGI

Business Area: PGI Fixed Income

External Company Name: Principal Financial Group

Street: 711 High Street

Remote: Yes

FLSA Status: Non-Exempt