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Principal Financial Group Fixed Income Extended Internship (January-July 2023 or or June - December 2023)) 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 and Portfolio Management Teams. You will be responsible for running specific daily, weekly, and quarterly reporting for traders and analysts, preparing Commercial Paper Reviews, assisting 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, presentations, and improving our current processes.

Other functions you may assist with are:

  • Assisting the traders on an ad hoc basis

  • Improving, streamlining, and documenting existing processes

  • Assisting with sector coverage

  • Direct interaction with company roadshows and/or Bloomberg representatives

  • Preparation of investment performance commentary

  • Manage and assist the analysts in preparing Private Placement Screening Memos

You must be available to work full time (40 hours per week) from January - July 2023 or June - December 2023.


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.

  • You must be available to work full time (40 hours per week) from January - July 2023 or June - December 2023.

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

$20 - $22 / hour

Additional Information


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

Internship Stipend

You will receive a lump sum stipend of $6,000. 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 your education level and experience, including whether in the past you’ve interned with Principal.

We’ll consider talent at the next internship level with the right experiences and skills

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 ourcore values ( ,benefits ( and whywe’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.

Job Locations US-IA-Des Moines

Posted Date 1 month ago (9/7/2022 4:14 PM)

Job # 2022-36613

Category Investments

Ent Seg PGI

Bus Area PGI Fixed Income

Pos Typ Intern (Full Time)

Remote No

FLSA Non-Exempt