Western Asset Management Global Credit Research - Undergrad Intern
WHO IS WESTERN ASSET
Western Asset Management focuses on supporting our clients' financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.
2026 Undergraduate Summer Intern - Job Posting
Department Title : Undergrad Intern - Western Asset Management Global Credit Research
Please read before applying:
Start Date: All interns must start in office and in person on June 8, 2026.
Anticipated End Date: August 14, 2026 - All interns must be in office and in person on their last day to return equipment. Interns must be located in the same location throughout the duration of their internship and are prohibited from returning laptop/equipment to a different office location or shipping their equipment back.
Position Summary:
Global Credit Research across Investment Grade, High Yield/Leveraged Loans, and Emerging Markets Corporate and Sovereign debt.
You will be a member of a large, growing, and dynamic team of experienced investment professionals as part of a ten-week internship program designed to provide valuable career experience for highly motivated students that wish to apply their education and skills in a fast-paced learning environment. The role is an intensive program that allows the selected candidate to work alongside one of our full-time Credit Research analysts at the firm to:
• Conduct primary and secondary market research/relative value analysis, utilizing credit skills to identify investment opportunities;
• Build/maintain proprietary financial models for entire peer group in given sectors, accompanied by internal due diligence meetings with management teams/company visits;
• Make actionable investment recommendations by translating strategy in to executable trading options/solutions in an effort to increase portfolio returns;
• Interface with, and supports the Firm's major proprietary and vendor related systems and applications;
• Develop reports to assist the Portfolio / Research Manager in assessing portfolio risk exposure, benchmark characteristics and trade allocation parameters; and
• Participate in department and sector team strategy meetings.
Team Culture:
Our team is comprised of more than 30 dedicated Research analysts across seven different offices around the globe. Members of the firm's Research team have highly specialized skillsets and are subject matter experts and thought leaders in their respective sectors and industry verticals. The average number of years' experience and tenure at the firm are 24 and 14, respectively, which we believe highlights the relative seniority of our team versus our peer group, as well as the collaborative work environment.
An intern in this department can expect to learn:
Specializing in a sector such as corporate bonds or emerging markets, you will collaborate with the wider team to support daily investment management activities. You'll have a passion for markets, with outstanding levels of numeracy and excellent powers of analysis. But this is more than a support role: you'll attend senior meetings and be expected to contribute ideas and opinions to the team. If you're highly motivated to progress and learn, there's no limit to where you can go.
Ideal Qualifications:
We are seeking self-motivated candidates with a demonstrable track record of academic success and an ability to persevere in a challenging environment.
• Candidates should already be exploring career opportunities available to them within the financial services field, with a specific desire to focus on Credit Research and participate in a rapidly evolving career field;
• Excellent oral and written communication skills and presentation skills;
• Computer literate with advanced Excel skills; and
• Team orientation
Ready to make moves? Apply today!
Please be sure to attach your resume when submitting your application. Applications submitted without a resume will not be considered.
Due to the high volume of applications we receive, we may not be able to respond to each applicant individually. If you're interested in more than one internship, we encourage you to apply to all positions that align with your interests.
This is a full-time internship where students will work approximately 37.5 (dependent on state/location) hours per week and earn competitive hourly pay of $37 - $47 (dependent on location and function) USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.
At Franklin Templeton, we're advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that's both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.
About Western Asset
At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.
We believe an inclusive and respectful workplace promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented. We are committed to unlocking the potential of our team by providing an inclusive and supportive environment that offers everyone the chance to grow personally, advance professionally, and participate fully in the Firm's success.
EQUAL EMPLOYMENT OPPORTUNITY ("EEO")
Western Asset Management 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, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.
Link to Equal Employment Opportunity Statement: https://westernasset.com/careers/careers-site/common/pdfs/EQUAL_EMPLOYMENT_OPPORTUNITY.pdf
Join our talent pool
We're always on the look-out for creative, curious, collaborative, and entrepreneurial individuals. Even if you don't see any current opportunities that match your skills, we'd still like to hear from you. Sign up for our Talent Pool and we'll get in touch when something suitable comes up.
Register today and build your own searchable profile ready for our hiring managers to view. All you need is a few basic details and an up-to-date copy of your resume ready to upload. We support .rtf, .docx, .doc, .txt and .pdf files, provided they are smaller than 2MB.
