2024 Asset Management Summer Intern
Job Description
Our Asset Management teams
U.S. Bancorp Asset Management (USBAM) and PFM Asset Management (PFMAM) are separately registered SEC investment advisors providing investment management services to institutional investors that include corporations, non-profits, and public sector entities. USBAM’s core strength and focus is on managing investment grade fixed income strategies, with more than $166 billion in assets under management as of June 30, 2023. PFMAM offers a variety of investment solutions including liquidity management, investment grade fixed income, and Outsourced Chief Investment Officer (OCIO) with more than $210 billion in assets under administration as of March 31, 2023.
What you’ll do:
Our 10-week paid internship will provide you with the foundational knowledge on how asset management meets clients’ needs. You will be exposed to diverse roles broadly focused on quantitative and qualitative analysis, financial modeling, due diligence, strategy research, presentations and reporting, data management, and client service and transactions across key investment entities. You will receive accelerated learning and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Asset Management Development Program upon graduation.
As an Asset Management Intern, you’ll:
- Get hands-on experience working on projects that impact the business such as:
- Performing research, analysis, review, development, implementation, and monitoring of new and/or revised products/services.
- Analyzing current costs and estimates the cost or cost savings and enhanced benefits that may be achieved by implementing a recommendation.
- Compiling and analyzing information for an assigned project or area and making recommendations based on findings.
- Co-leading and influencing a working team of project staff.
- Acting as a project liaison with other departments.
- Develop technical and business acumen through training, mentorship, and exposure to senior executives
- Build a supportive community of peers through a variety of cohort strengthening activities such as social events, volunteer days, and development workshops
Who we’re looking for:
Are you an analytical individual who loves to use numbers to understand the root-cause of an issue or to provide recommendations? Do you find fulfillment in using qualitative and quantitative analysis or financial modeling to tell a story? If you have skills in business management, communications and problem-solving, with interests in consulting and investment management, then the Asset Management Internship may be right for you!
Basic qualifications:
- Pursuing a bachelor’s degree with a target graduation date of December 2024 or May 2025
- Basic understanding of Financial/Accounting terms, concepts, and applications
- Ability to start internship program on June 10, 2024
Preferred qualifications:
- Strong interest in finance, consulting and/or investment management
- Exceptional communication and presentation skills
- Strong work ethic with a proactive, flexible attitude and a desire to pitch in wherever needed
- Developed problem solving skills and a solutions-focused approach to addressing challenges
- Outstanding teamwork and project execution skills with multitasking capability
- Unwavering integrity and ethics
- Proficient in Office 365, with strong skills in Excel
Working model and hours:
This role is hybrid. Interns who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.
Interns work approximately 40-hours each week during the internship.
The application process
If you are interested in applying and learning more, click on the Apply Now icon to submit your application. Most applications will be closed on September 29, 2023.
Internship Benefits:
- Meaningful, hands-on work that impacts the business
- Networking opportunities with senior leadership, U.S. Bank team members, and interns
- Option for sign-on bonus
- Potential for a fulltime offer upon graduation into a rotational program