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What You'll Do

We’re looking for a summer intern to join our Investment Solutions Team in Principal Asset Management. In this role, you’ll be responsible for assisting the team in various investment-related functions. The intern will:

+ Learn Liability-Driven Investment (LDI) concepts and contribute to the development and implementation of sophisticated hedging solutions

+ Design and develop client-facing reports and presentations

+ Use advanced investment tools to generate data for client-facing material

+ Gain exposure to investment solution design, and then delivery of that solution to a client or prospect

+ Review AI-generated content about investment products for accuracy

+ Help develop guidelines for AI systems to properly describe investment offerings

+ Use hands on financial mathematics skills including application to investments

**Principal Asset Management Investment Solutions group** specializes in developing customized, outcome-oriented investment strategies for clients worldwide. By using its deep quantitative expertise, the team addresses complex investment and risk management challenges, delivering thorough analysis that supports the design of tailored, resilient strategies. The group offers a range of solutions, including Liability-Driven Investing (LDI), Outsourced CIO (OCIO), and Wealth Portfolio management for both institutional and retail clients.

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com.

We are hiring at the Graduate or Undergraduate level for Summer 2026.

Who You Are

+ Pursuing a degree in financial mathematics, accounting, finance, economics, computer science, or a related field. We also will consider candidates in the process of acquiring a graduate degree

+ Exposure to artificial intelligence (AI) concepts and/or practical experience applying AI or machine learning tools.

+ Demonstrated understanding of how AI can be used to optimize legacy processes, uncover new insights, and improve existing frameworks across product lines and investment solutions.

+ Completion of intermediate level coursework in finance

+ Additional exposure to investment concepts through involvement in student organizations or work/intern experiences

+ Ideally has previous work/intern experience in asset management or related financial services field

+ Ability to work onsite, full time in Des Moines or New York City over the summer of 2026. The preferred location is Des Moines.

Skills That Will Help You Stand Out

+ Exposure to FactSet, Bloomberg, or similar

+ Ability to write and/or debug code in Python

+ You preferably have a 3.5 GPA or higher and/or working towards a CFA charter

+ Strong Excel modeling experience

+ Ability to pick up new complex ideas quickly and apply them in tasks

+ Strong analytical and problem-solving skills

+ Strong verbal and written communication skills, with the ability to present ideas clearly and confidently to technical and non-technical audiences

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$29 - $51 / hour

Time Off Program

Paid company holidays and any time off required in your state.

Pension Eligible

No

Our Internship Culture

Join an established program that provides hands-on experiences for 200+ interns each year! You'll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more! https://www.principal.com/about-us/careers/internships

Internship Stipend

You will receive a lump sum stipend of $3,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit, but is not intended to compensate for all tax liabilities.

Location(s)

This internship will be located at either our Global Headquarters in Des Moines, IA or New York City. The preferred location is Des Moines.

Work Environments

This role offers the ability for in-office, or four days in-office and one day remote in Des Moines, IA or New York City. You’ll work with your leader to determine which option may align best based on several factors.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our interns.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

8/27/2025

Most Recently Posted Date

9/4/2025