What are the responsibilities and job description for the PGIM: 2025 Multi-Asset Solutions, Operations and Product & Strategy Internship Program position at Prudential Financial?
Job Classification
Investment Management - Investment Operations
PGIM: 2025 Multi-Asset Solutions, Operations and Product & Strategy Internship Program
Location(s): Newark, NJ
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.
PGIM Multi-Asset Solutions (PMA) is a newly established investment business within PGIM responsible for providing institutional clients asset-liability management, portfolio strategy, and asset allocation solutions utilizing PGIM’s multi-asset class expertise with a focus on public and private credit. On behalf of its clients, PMA oversees portfolio construction, execution, and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, and PGIM Real Estate to deliver best in class private origination, credit underwriting, investment research, and risk management capabilities across a full range of asset classes.
Timeline
The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025.
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All spring applications will close on or by Friday, March 14th, 2025, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day To Day
You will be empowered to contribute in a meaningful way, add new value to organization initiatives, and effect change. You will be working across two teams, supporting both the PMA Operations team, where you will perform various investment, accounting, reporting, and analytical functions, as well as the PMA Product & Strategy team, where you will get exposure to the development and execution of PMA’s client, product, and marketing efforts. You will work closely with a group of highly motivated relationship managers, investment professionals, and middle office professionals. Given the youth of the PMA business you will be working in a fast paced ‘start-up’ culture within the larger and more established PGIM organization.
Operations
Responsibilities may include but are not limited to:
Note: The salary range for this role is $28.00 to $30.00 per hour. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
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.
Investment Management - Investment Operations
PGIM: 2025 Multi-Asset Solutions, Operations and Product & Strategy Internship Program
Location(s): Newark, NJ
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.
PGIM Multi-Asset Solutions (PMA) is a newly established investment business within PGIM responsible for providing institutional clients asset-liability management, portfolio strategy, and asset allocation solutions utilizing PGIM’s multi-asset class expertise with a focus on public and private credit. On behalf of its clients, PMA oversees portfolio construction, execution, and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, and PGIM Real Estate to deliver best in class private origination, credit underwriting, investment research, and risk management capabilities across a full range of asset classes.
Timeline
The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025.
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All spring applications will close on or by Friday, March 14th, 2025, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day To Day
You will be empowered to contribute in a meaningful way, add new value to organization initiatives, and effect change. You will be working across two teams, supporting both the PMA Operations team, where you will perform various investment, accounting, reporting, and analytical functions, as well as the PMA Product & Strategy team, where you will get exposure to the development and execution of PMA’s client, product, and marketing efforts. You will work closely with a group of highly motivated relationship managers, investment professionals, and middle office professionals. Given the youth of the PMA business you will be working in a fast paced ‘start-up’ culture within the larger and more established PGIM organization.
Operations
Responsibilities may include but are not limited to:
- Analyzing daily trade activity and controls.
- Performing daily liquidity, cash management and portfolio oversight functions.
- Preparing client reports.
- Developing an understanding of reinsurance, the PGIM multi-manager model, and the various functions supporting operations.
- Assisting on various infrastructure projects and other ad hoc tasks as assigned by the operations team.
- Conducting market research and analysis on key client segments (corporate pensions, public pensions, sovereign wealth funds, and insurers).
- Utilizing data for various projects focused on market trends and competitive analysis.
- Supporting in the preparation of client presentations, pitch books, and other marketing materials.
- Assisting in organizing and coordinating client meetings, events, and conferences.
- Collaborating across various groups within PMA and other PGIM affiliates to develop and execute strategic initiatives and campaigns within PMA.
- Tracking client engagement and metrics via Salesforce.
- Assisting in ad-hoc tasks and projects as assigned by the client team.
- Candidates must be enrolled in an accredited bachelor’s program graduating between December 2025 and August 2026.
- Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration.
- Preferred majors include Finance, Business, Accounting, Economics or Actuarial studies.
- Strong communication skills are essential.
- Strong interpersonal skills and ability to work in a fast-paced environment.
- Good experience and skills in basic Microsoft Office applications and proven ability to learn new technologies is needed.
- Strong critical thinking and analytical skills.
- Submit your application.
- If eligible, receive an invitation(s) for a video interview; this includes answering interview questions with a generative AI platform, with the business(es) that advance your application(s). A Notice Regarding Automated Employment Decision Tools was previously posted and can be accessed again through the following link. https://jobs.prudential.com/us-en/early-talent/programs/internships
- If advanced, receive an invitation(s) for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.
Note: The salary range for this role is $28.00 to $30.00 per hour. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
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.
Salary : $28 - $30
