Putnam Equity Externship - 2025

PUTNAM EQUITY EXTERNSHIP

Company Overview

Putnam Investments, a Specialized Investment Manager (SIM) of Franklin Templeton, is a diversified, equity-only asset manager with roots dating back to 1937. We manage a range of active equity portfolios with a focus on stock-specific opportunities. Our approach - stock-driven rather than style-driven - is designed to produce consistent outperformance, regardless of the market environment. As of December 31, 2023, the firm managed over $77 billion in assets under management in strategies covering the style, geography, and capitalization spectrum, as well as sustainable solutions. We offer these strategies in a number of vehicles to meet the investment needs of our global clients and investors. Available vehicles include mutual funds, institutional separate accounts, SMA / model portfolios, ETFs, CITs and UCITS.

Position Overview

This is a great opportunity for rising Sophomores and Juniors to learn more about Putnam, investment research, and career paths in the investment field. Over the course of the three-day Externship, in Putnam's Boston office, candidates will experience first hand the day to day responsibilities of a Putnam Equity Analyst. Upon arriving, Externs are paired into small groups with other similarly hard-working, self-driven, and passionate people. These small groups are each supported by an analyst mentor who helps them leverage Putnam's internal and external resources as they conduct bottoms up fundamental research into a company. Throughout the three days the externs will also have the chance to meet and engage with numerous Putnam Associates, Analysts, and Portfolio Manager's. At the end of the program, each Extern group will present a stock pitch with a "Buy, Sell, or Hold" recommendation to a broader group of Putnam employees. In the past, the Externship has acted as a funnel into our full summer Internship.

Position Responsibilities

• Analyze a business and industry - Utilizing Putnam's internal and external resources, perform analysis on your assigned company and its industry. Study everything from the business management team to their suppliers, customers, and competitors. Use this knowledge to make judgements about the quality and outlook of the company and industry.
• Identify key stock drivers - Begin to apply your view of the company's outlook to the stock price. Figure out 'what matters' for each stock and perform analysis to support your view around likely outcomes for the business and stock.
• Present and communicate your findings effectively - Prepare a power-point presentation that covers the analysis you have done and the conclusion you have drawn. Communicate your thesis and stock rating clearly and link your conclusion to your analysis.

Education, Work Experience, and Key Traits

What makes Franklin Templeton unique?

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.