PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. 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. 2026 MBA Summer Intern – Credit Research Analyst, EMEA Internship positions are located at PIMCO's London Office You're eligible to apply if you: Are pursuing an MBA degree with an emphasis in Finance and Economics or a related, quantitative/analytical field from an accredited, leading business school or university, or other equivalent Advanced Degree as it relates to the position Must be able to begin full time employment from a PIMCO office between January 2027 – August 2027 Fluent in English (speaking, reading, writing) Must be willing to work in London Credit Research Credit Research analysts evaluate various industries and companies to make investment recommendations to PIMCO's portfolio managers group. They also provide analytical support for the firm's portfolio managers by highlighting risks. Credit analysts at PIMCO specialize in a number of industries and cover all levels of the debt capital structure - investment grade bonds, high yield ("junk") bonds, bank debt and convertibles. Summer interns will work alongside our seasoned credit analysts, supporting them in their coverage responsibilities, while learning about the various industries and day-to-day responsibilities. Career Development, Training and Mentoring Every intern begins their summer with a formal week of training. The PIMCO Fundamentals training program will provide you with the skills, knowledge and relationships that will prepare you to succeed in your internship. Your informal training will continue throughout the summer at PIMCO – everyday, in a perpetual learning environment. In addition, you will be teamed with a seasoned professional who offers guidance and mentorship throughout the internship. Desired candidates should possess the following characteristics: Skills conducting research and basic financial modeling. Demonstrates natural intuition to make good judgments Strong interest in the financial markets, macroeconomics and investment finance Proactive in thinking about potential investment ideas. Good communicator; strong written and oral presentation abilities. Needs to be persuasive and credible Ethical, collaborative, organized, flexible, high-energy, self-starter, accountable, humble Strong academic credentials and achievement The PIMCO Internship Experience: The PIMCO Internship Program runs between Monday, June 8 – Friday, August 14, 2026, 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'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 How you should apply: If you attend an on campus recruiting university, submit your resume and cover letter through your school's Career Services office by the designated deadline. In addition, you must apply on the PIMCO careers page If you attend an off campus recruiting university, submit your resume and cover letter on the PIMCO careers page by December 1, 2025 Include a 1–2-page write-up of an original and independent investment recommendation that can target either debt or equity securities, depending on your comfort level with these asset classes Please note: This investment recommendation will be used in our interview selection process Please include your name in the file title and in the header on each page of the write-up. To be able to upload your file, consider combining your write-up with your cover letter pdf file for submission 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 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. We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCO's culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors.