PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.
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.
2027 Summer Internship – US Trade Floor Operations Analyst (Cash Desk, Middle Office, Investment Operations)
Internship positions are located at PIMCO's Newport Beach, CA Headquarters
Hourly Rate: $34.62
You're eligible to apply if you
- Pursuing an undergraduate degree
- Must be able to begin full time employment at a PIMCO office between January 2028 – August 2028
- Must be enrolled at a university during the Fall 2027 semester (August 2027 – December 2027)
- Have a minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or the equivalent) at an accredited 4-year college or university
- Are business proficient in English
You'll excel in this program if you
- Demonstrate advanced Microsoft Excel skills and/or Python, SQL, VBA
- Show a strong interest in the financial markets, macroeconomics, investment finance, and the investment trade lifecycle
- Possess outstanding analytical skills with the ability to function efficiently and problem-solve in a fast paced and time-critical environment
- Communicate clearly and collaborate effectively across complex financial, operational, and technical environments.
- Demonstrate acute attention to detail and can manage multiple competing priorities with appropriate independence and judgment
- Demonstrate accountability, resilience, adaptability, intellectual curiosity, and a continuous improvement mindset
- Show the following traits: assertiveness, ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humble
- Can operate effectively when priorities or the path forward are not fully defined
- Have completed finance, fixed income, data analytics, and/or capital markets coursework (recommended)
- Demonstrate curiosity and experience in using new emerging technologies and AI tools in your work or school projects to solve problems and drive better outcomes
- Approach AI-generated output thoughtfully by evaluating reliability, appropriateness, and potential risks before use.
What you will experience
- Gain exposure to the end-to-end investment trade lifecycle through structured experiences across Cash Desk, Middle Office, and Investment Operations.
- Collaborate with Portfolio Management, Account Management, Trade Support, Legal & Compliance, Operations, Technology, State Street IMS, broker-dealers, custodian banks, clients, and third-party platforms, as relevant to each team.
- Contribute to technology-enabled process enhancements, data analysis, reporting, operational controls, and workflow improvement initiatives.
- Build a foundation for potential future opportunities across Trade Floor Operations, Trade Management, Investment Operations, and the broader investment platform
As a Trade Floor Operations Analyst intern within the US Trade Floor Operations group, you'll have the opportunity to develop your career by learning about and working within the following three teams:
Cash Desk
The Cash Desk is a key operational unit responsible for managing cash, reporting client cash flows, and providing internal cash forecasts across client accounts, mutual funds, and hedge funds. The team works closely with Portfolio Management to support projected overdraft coverage and the investment of excess cash into liquid securities. The Cash Desk regularly interacts with portfolio managers, account managers, internal operations groups, clients, State Street IMS, and custodian banks.
Middle Office
The Middle Office manages and governs a key control environment supporting the day-to-day trade lifecycle of PIMCO's Portfolio Management team. Team members collaborate with Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology, and State Street IMS. The team also engages with broker-dealers, custodian banks, and third-party trading platforms.
Investment Operations
Investment Operations includes Investment Operations and Corporate Actions. Investment Operations focuses on new securities, emerging-market capabilities, FX execution methods, claim and break resolution, and custodial oversight. Corporate Actions oversees mandatory and voluntary events, restructurings, proxies, bank loan amendments, defaulted securities processing, and class actions. Both teams interact broadly across PIMCO and with State Street Bank, broker-dealers, and client custodian banks.
While our eligibility requirements are not flexible, we encourage you to apply even if you do not possess 100% of the desired skills outlined above.
The PIMCO Internship Experience
- The PIMCO Internship is a 10-week program that runs from early June to mid-August, 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 Global Month of Volunteering, 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 will gain hands-on experience with AI-powered tools from day one, with training and resources that help build future ready skills and make an impact from the start
- 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
- Want to learn more? Hear about The PIMCO Internship Experience from past interns
- As a PIMCO intern, you'll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations
What to expect during the interview process
- After we receive your application, we will conduct an initial review of your resume
- If you are selected to move forward, you will take a cognitive assessment and have the opportunity to showcase your interests, skills, and personality by completing a one-way video interview
- Once you complete the assessment and one-way video interview, you will have a final round of live interviews via video conference. These interviews typically include both behavioral and technical questions
PIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.
For more information on PIMCO and Career Opportunities, please visit www.pimco.com/careers/students
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.
Equal Employment Opportunity and Affirmative Action Statement
PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.
Applicants with Disabilities
PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.
