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What You'll Do

Principal Asset Management is looking for a Target Date Asset Management Intern to join us for Summer 2026! In this role, you will be working with the Principal Strategic Asset Allocation team who is primarily responsible for designing, implementing, and monitoring multi-asset fund-of-fund products.

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Check us out at www.principalam.com .

What You'll Do

+ Monitor, research, and forecast economic trends and current events to assist in making Asset Allocation decisions.

+ Assist in preparation of commentary, analytics, and reporting on portfolio performance

+ Monitor portfolio exposures to ensure Asset Allocation viewpoints are correctly reflected within investment products

+ Analyze internal and external funds via industry tools such as FactSet and Morningstar

+ Work closely with existing analysts to optimize existing processes.

+ Learn the current landscape of Target Date and other multi-asset products

Who You Are

+ You are working towards an undergraduate degree in economics, finance, accounting, engineering, business analytics, math, statistics, sciences (with investment coursework), or a related major

+ By summer of 2026, you will have had courses or experience in finance, economics, investment management, statistics, accounting

+ You have exposure to investments through involvement in student organizations or work experiences

+ Advanced Excel including ability to proficiently utilize reference formulas, solver, cross workbook linking, and other complex formulas

+ Availability to work fulltime, onsite in Des Moines, Iowa for the duration of Summer 2026

Skills That Will Help You Stand Out

+ Exposure to FactSet and/or Morningstar

+ Prior investment experience through work experience or student organizations

+ Demonstrated interest in financial markets

+ Strong written and verbal communication skills

+ Leadership positions within student, work or community organizations

+ Strong work ethic

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 - $29 / hour

Time Off Program

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

Pension Eligible

No

Location

You must be available to work onsite at our Global Headquarters in Des Moines, Iowa.

Work Environments

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

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.

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

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers)** **and** **Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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

9/5/2025

Most Recently Posted Date

9/5/2025