MBA Intern - Investment Research Analyst

As an Investment Research Analyst Intern at Progressive Capital Management (PCM), you will independently conduct fixed income research across two different asset classes. During your internship, you will connect with junior and senior team members while learning about various investment sectors. You will also learn about our approach to trading, portfolio construction, and securities valuation. We employ a fundamental, bottom-up investment approach to identify idiosyncratic opportunities to maximize risk-adjusted total return without benchmarking to an index. 

We invest in corporate bonds, leveraged loans, asset-backed and mortgage-backed securities, municipal bonds, preferred stocks, and other fixed income products across the risk spectrum, including both investment grade and high yield. Analysts and portfolio managers invest across multiple asset classes and sectors. We believe this collaborative, multidisciplinary approach builds stronger investors and enables us to better identify attractive investment opportunities, leading to consistent excess returns over time. 

Many MBA graduates have joined PCM as research analysts upon graduation. PCM is responsible for the formulation and execution of Progressive’s investment strategy and consists of a small group of investment professionals in Stamford, CT. PCM manages a fixed income portfolio currently in excess of $85 billion on a total return basis.

When: Summer 2027 (June 7 – August 13)  

Must-have qualifications 

• Actively pursuing an MBA (The ideal candidate for this position will complete their MBA degree by Spring 2028) 
• Minimum of 3+ years of relevant work experience

Preferred Skills  

• Expected graduation date of Spring 2028
• At least three years of business experience
• Demonstrated interest in finance, accounting, and fundamental investment analysis
• Knowledge of current events and major macroeconomic developments
• Exposure to fixed income markets, bond math, yield curve dynamics, and/or corporate credit analysis
• Ability to present information in an organized and clear manner in both verbal and written communications

Compensation & Benefits 

• $80.00/hour ($6,400/bi-weekly)
• Hybrid Remote Schedule
• Corporate Housing Provided
• Organized social activities to connect with company interns and professionals
• Mentorships, continued career development, and networking with company leaders  

Equal Opportunity Employer 

Sponsorship for work authorization for foreign national candidates is not available for this position