2026 MBA Summer Intern – Credit Research Analyst, EMEA in London

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.

Internship positions are located at PIMCO’s London Office.

You’re eligible to apply if you:

• Are pursuing an MBA degree with an emphasis in Finance and Economics or a related, quantitative/analytical field from an accredited, leading business school or university, or other equivalent Advanced Degree as it relates to the position.
• Must be able to begin full time employment from a PIMCO office between January 2027 – August 2027.
• Fluent in English (speaking, reading, writing).
• Must be willing to work in London.

Credit Research

Credit Research analysts evaluate various industries and companies to make investment recommendations to PIMCO’s portfolio managers group. They also provide analytical support for the firm’s portfolio managers by highlighting risks. Credit analysts at PIMCO specialize in a number of industries and cover all levels of the debt capital structure - investment grade bonds, high yield (“junk”) bonds, bank debt and convertibles. Summer interns will work alongside our seasoned credit analysts, supporting them in their coverage responsibilities, while learning about the various industries and day-to-day responsibilities.

Career Development, Training and Mentoring

Every intern begins their summer with a formal week of training. The PIMCO Fundamentals training program will provide you with the skills, knowledge and relationships that will prepare you to succeed in your internship. Your informal training will continue throughout the summer at PIMCO – everyday, in a perpetual learning environment. In addition, you will be teamed with a seasoned professional who offers guidance and mentorship throughout the internship.

Desired candidates should possess the following characteristics:

• Skills conducting research and basic financial modeling. Demonstrates natural intuition to make good judgments.
• Strong interest in the financial markets, macroeconomics and investment finance.
• Proactive in thinking about potential investment ideas.
• Good communicator; strong written and oral presentation abilities. Needs to be persuasive and credible.
• Ethical, collaborative, organized, flexible, high-energy, self-starter, accountable, humble.
• Strong academic credentials and achievement.

The PIMCO Internship Experience:

The PIMCO Internship Program runs between Monday, June 8 – Friday, August 14, 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 initiatives, 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.

How you should apply:

If you attend an on campus recruiting university, submit your resume and cover letter through your school’s Career Services office by the designated deadline. In addition, you must apply on the PIMCO careers page. If you attend an off campus recruiting university, submit your resume and cover letter on the PIMCO careers page by December 1, 2025. Include a 1–2-page write-up of an original and independent investment recommendation that can target either debt or equity securities, depending on your comfort level with these asset classes. Please note: This investment recommendation will be used in our interview selection process. Please include your name in the file title and in the header on each page of the write-up. To be able to upload your file, consider combining your write-up with your cover letter pdf file for submission.

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.