About the role
Job Classification
Investment Management - Investments
PGIM: 2027 Public and Private Credit, Sophomore Externship Program
Location
Newark, NJ
Your Opportunity
Are you a sophomore interested in learning about careers in public or private credit? Would you like to get a jump start on 2028 summer internship recruiting while networking with leaders at a premier asset manager? PGIM will host a 3-day sophomore externship in January 2027 to educate students on its credit business and opportunities for internships and careers with the firm.
PGIM Private & Public Credit Overview
PGIM is the asset management business of Prudential Financial, headquartered in Newark, NJ. Our externship will showcase our Credit business within PGIM:
Private Credit
PGIM's private capital investment business, managing over $100 billion in private debt and equity investments across more than 1,000 companies worldwide (as of 3/31/26). Private Credit focuses on long-term partnerships with middle-market companies, offering customized financing solutions and deep industry expertise: Private Credit
Public Credit
PGIM's public fixed income business, managing over $900 billion of active solutions for over 1,000 institutional clients (as of 3/31/26). Public credit focuses on all fixed income sectors, including but not limited to: investment grade, leveraged finance, emerging markets, and securitized products: Public Credit
Program Overview
Dates: January 5-7, 2027
Location: Prudential Headquarters, Newark, NJ
Selected participants will
Learn about careers in public and private credit
Participate in training sessions and case studies
Network with analysts, associates, and senior leaders
Shadow investment professionals
Explore PGIM's internship and full-time career opportunities
Complete first-round interviews for the 2028 Summer Internship Program
Travel and lodging will be provided for selected participants.
During the sophomore externship we'll be showcasing 3 different investment professional internship programs across public & private credit. These businesses use their internship program as the main feeder into their full-time Analyst programs:
Private Credit (1 Program)
Our private credit teams span Corporate Finance, Real Assets, Alternatives, and Corporate Project Workouts. Team members are actively involved in financial modeling, due diligence, industry research, and preparing investment memos, while collaborating closely with senior leadership, portfolio managers, and external stakeholders to structure and negotiate transactions that align with strategic investment goals, all within a dynamic, high-impact environment that fosters professional growth and cross-functional collaboration.
Following completion of the externship, a summer 2028 internship opportunity could exist in any of the following cities: Atlanta, Chicago, Dallas, San Francisco, Los Angeles, Minneapolis, Newark, and New York.
Public Credit (2 Programs)
Research: The Credit Research team focuses on fundamental investment analysis, defining relative value within issuer capital structures and industry sectors, and communicating investment recommendations to Portfolio Managers. The fundamental credit investment research conducted by this team is an integral component of the portfolio construction process. Day-to-day responsibilities for members of this team include industry data collection & trend analysis, financial statement analysis, financial modeling & forecasting, assessment of business & financial strategy, and monitoring market movements through daily meetings with portfolio managers, economists, and strategists. In addition, this team regularly interacts with management of issuing companies, industry consultants, and Wall Street counterparts.
Portfolio Analysis: The Portfolio Analysis Group evaluates portfolio positioning with respect to risk exposures and alpha objectives, provides portfolio construction and alignment insight, and analyzes performance drivers across a multitude of investment products and processes to deliver performance attribution. Utilizing a variety of analytical tools, the group integrates specific client guidelines, objectives, and risk tolerances into the firm's investment process to ensure complete portfolio management and analytics are in place. The group collaborates and works closely with Senior Analysts, Portfolio Managers, Traders, Risk Managers, the Quantitative Team, Credit Research, Client Advisory, and Sales and Marketing.
Following completion of the externship, a summer 2028 internship opportunity (across both research and portfolio analysis) could exist in the following city: Newark.
What you'll need
Candidates must be enrolled in an accredited bachelor's degree program graduating between December 2028 and May 2029
All majors welcome! Candidates should have an interest in exploring careers across asset management/investments/finance
Minimum GPA of 3.0 required
Prudential does not provide visa sponsorship for this program. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
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.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
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.