Summer 2027
Product and Institutional Client Intern
Multiple Teams
Posted on 8/31/2026
Prudential Financial
10,001+ employees
Global financial services: insurance, asset management.
Compensation Overview
$34/hr
No H1B Sponsorship
Newark, NJ, USA
Hybrid
Hybrid role in Newark.
Bachelor's
 Product (1) |
|---|
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- Candidates must be enrolled in an accredited bachelor's program graduating between December 2027 and May 2028.
- A minimum 3.0 GPA is required.
- Ability to evaluate information, identify patterns, solve problems, and develop thoughtful recommendations through coursework, projects, internships, leadership experiences, or other hands-on opportunities.
- Ability to communicate ideas clearly, build relationships, work effectively with others, and contribute to a team environment.
- Interest in financial markets, institutional investing, asset management, investment products, or how investors evaluate opportunities and make decisions.
- Willingness to seek new challenges, learn quickly, adapt to changing priorities, and continuously develop new skills.
- Ability to manage multiple priorities, work accurately, and maintain a high standard of quality.
- Successful candidates must possess the requisite United States employment authorization to be eligible for consideration.
- Partner with teams across Investment Management, Operations, Risk, Compliance, Legal, and Product to support business objectives.
- Analyze information, research trends, and support business recommendations.
- Support teams responsible for institutional client relationships and investor communications.
- Assist with reporting, presentations, proposals, and business development materials.
- Conduct research on investment products, competitors, and industry trends.
- Support responses to investor, consultant, and client inquiries.
- Participate in projects focused on business growth, process improvement, and strategic initiatives.
- Present findings, recommendations, or project updates to stakeholders.
- Relevant fields of study include Finance, Economics, Accounting, Business, Management, International Business, Data Analytics, Management Information Systems, Statistics, or other disciplines supporting relationship management, business analysis, strategic decision-making, or financial services.
- Interest in understanding stakeholder needs and delivering thoughtful, high-quality support and communication.
- Experience gathering, organizing, analyzing, or presenting information through coursework, projects, internships, leadership experiences, or extracurricular activities.
- Interest in understanding client needs, market dynamics, business growth, product positioning, or competitive strategy.
- Ability to value diverse perspectives and contribute to collaborative environments.
Prudential Financial provides a broad suite of global financial services, including life insurance, annuities, mutual funds, pension and retirement services, and asset management, targeted at individuals and institutions. Its products work by collecting premiums or fees and investing assets to fund insurance payouts, retirement Income, and growth opportunities; it also offers tailored financial planning and asset management services that align with long-term goals. The company differentiates itself through its wide range of products and services that span protection, savings, and investment needs, its institutional capabilities, and a focus on building long-term relationships with clients. Its goal is to help clients achieve financial security and sustainable growth over time by preparing for the future with comprehensive planning and investment strategies.
Company Size
10,001+
Company Stage
IPO
Headquarters
Newark, New Jersey
Founded
1975
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Simplify's Take
What believers are saying
- August 4, 2026 Q2 adjusted operating income rose 14%, with $743 million returned to shareholders.
- August 17, 2026 Protection IUL broadens Prudential’s life product lineup into higher-flexibility accumulation demand.
- Standard Life’s 2026 £2 billion PRT partnership with Prudential expands pension risk-transfer asset origination channels.
What critics are saying
- Japan’s February 2026 sales suspension and July reimbursement show governance failures still damaging earnings.
- Management warned the Japan suspension costs $525 million-$575 million in 2026 pre-tax operating income.
- Ongoing layoffs and emerging-market exits signal simplification, but execution failure could shrink Prudential into a slower annuity utility.
What makes Prudential Financial unique
- Prudential pairs $1.642 trillion AUM with insurance, retirement, and wealth distribution across regions.
- PGIM’s $1.491 trillion AUM gives Prudential proprietary asset-management scale competitors struggle to match.
- Prudential Advisors’ 3,000-plus advisors and August 2026 NJ Wealth Partners recruiting strengthen distribution.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Company Match
Company Equity
Wellness Program
Work/Life Resources
Education Benefit
Employee Stock Purchase Plan
Company News
AstraZeneca's Tezspire delivers positive Phase III results, Prudential increases share buyback programme. LONDON PRE-OPEN The FTSE 100 was expected to open 46.9 points lower ahead of the bell on Thursday, after wrapping up the previous session 0.07% softer at 10,878.12. STOCKS TO WATCH Drugmaker AstraZeneca said on Thursday that Tezspire had delivered positive Phase III results in eosinophilic oesophagitis, hitting both co-primary endpoints and all key secondary measures, with improvements sustained through 52 weeks. The CROSSING study showed Tezspire produced "statistically significant and clinically meaningful" gains in histologic remission and in the frequency and severity of dysphagia. AstraZeneca added that the safety profile was broadly in line with existing indications. Prudential raised its share buyback programme on Thursday after reporting strong first-half results, which showed adjusted operating pre-tax profits at the insurance and asset management company were up 10% at $1.52bn. Prudential added $300m to its planned share repurchases, taking its total buyback plan for the year to $1.5bn, while its interim dividend was also increased by 15%. NEWSPAPER ROUND-UP Levels of a toxic "forever chemical" rose to 13 times the legal limit during Thames Water pilots for a controversial multimillion pound water recycling scheme that will pump millions of litres of treated sewage into the River Thames during drought. The data from the pilots is in stark contrast to public comments from Thames Water that their water recycling project in south-west London will not harm the riverine environment. - Guardian Former JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the House oversight committee on Wednesday. These admissions come as lawmakers investigate the late convicted sex offender's ties with political and business elites. Staley appeared before the committee in July as part of its investigation into Epstein and his associate Ghislaine Maxwell. Transcripts from the meeting were released on Wednesday. - Guardian Octopus's inheritance tax scheme has been ditched by a string of leading wealth managers amid growing scrutiny over the fund's performance. St James's Place, Fairstone Group and Openwork Partnership, which advise millions of customers, have all stopped recommending the Octopus Inheritance Tax Service. OITS, a subsidiary of Octopus Group, has raised money from 18,000 pensioners with the promise of lowering their inheritance tax bills by investing in businesses to qualify for relief. - Telegraph The boss of a collapsed British shadow bank accused of £1.3bn fraud had been declared bankrupt shortly before he launched the company, it has emerged. Paresh Raja, who led mortgage lender Market Financial Solutions, was made bankrupt over a £350,000 debt just a year before the business started. He has been accused of "plundering" MFS to fund a lavish lifestyle that included buying "a vast number of cars" such as three Aston Martins, two Mercedes, six Ferraris and three Rolls-Royces. - Telegraph One of Australia's biggest investment companies has dropped KPMG as its new auditor as the firm faces "continued scrutiny" by the country's parliament. Macquarie Group said it would no longer recommend the appointment of KPMG Australia as its auditor at its annual shareholder meeting, and would instead maintain PwC in the role. The audit generates almost AUD $75m (£40m) a year in fees and is one of the most lucrative in Australia. - The Times Major indices closed lower on Wednesday as traders digested key US inflation data and Nvidia's latest quarterly numbers. At the close, the Dow Jones Industrial Average was down 0.21% at 53,463.88, while the S&P 500 shed 0.02% to 7,675.70 and the Nasdaq Composite saw out the session 0.08% softer at 26,130.20. Reporting by Iain Gilbert at Sharecast.com
Greystar offloads Elan Yorktown apartments for $99M as adjacent mall faces foreclosure. Venture of RPM Living and New York Life still confident in market fundamentals Not long after a suburban Chicago mall makeover hit stumbling blocks, Greystar offloaded a nearby apartment complex for $99 million. Charleston, South Carolina-based Greystar sold the 295-unit Elan Yorktown in Lombard to a venture of RPM Living and New York Life in a deal that closed last week and comes out to about $335,000 per unit, records show. The venture's purchase was supported by a $63.4 million mortgage from JPMorgan, mortgage records show. Greystar developed the property between 2017 and 2018 after spending about $1.6 million on the initial land acquisition and taking out a $56.5 million loan from CIBC. It's unclear what the company's total investment in the development was but the company last refinanced the property for $68 million with Acre. Representatives of RPM did not respond to requests for comment and representatives of Greystar declined to comment. The apartment building is next to the Yorktown Center Mall which is at the center of a $200 million redevelopment effort led by Los Angeles-based Pacific Retail Capital Partners. But Pacific Retail last month defaulted on a $107 million debt package secured by the mall after failing to repay the loan at its June 2026 maturity date. The default came just after Pacific Retail completed the first phase of the $200 million redevelopment plan. That phase included the addition of a public plaza and park, along with a separate 276-apartment building known as Reserve at Yorktown developed by project partner, Synergy Construction. The shopping mall's valuation has cratered since the loan was originated in 2014. An October 2024 appraisal valued the 787,000-square-foot mall at $60.4 million. That's a 75 percent decline from its $242.7 million valuation when CCRE Lending, a venture backed by U.S. Commerce Secretary Howard Lutnick's firm Cantor Fitzgerald, first made the loan in 2014. Cash flow began to unravel following the closures of Sports Authority in 2016 and Carson's in 2018, and then had its issues exacerbated by state-ordered retail shutdowns during the pandemic in 2020. KeyBank granted multiple maturity extensions over the past eight years, including a modification in August 2025 that pushed the loan's final deadline to June 2026. Still, multifamily properties have been outperforming other types of properties surrounding the mall. Torchlight Investors' Cityview at Highlands apartment complex hit a rough patch when interest rates started to rise in 2022, but has since stabilized, MorningStar data shows. Also nearby, MorningStar notes that the Haven at Highland owned by New York-based Churchwick Partners, boasted a strong performance with 94 percent occupancy as of last year and a debt-coverage-service-ratio over 1.5, meaning that the properties' net operating income is 150 percent higher than its debt service costs. Meanwhile, an adjacent office complex faced a drop-off in demand after the pandemic. In May, Bruce Stern's Red River Asset Management and Lincoln Property Company were hit with a foreclosure lawsuit over their 174,000-square-foot office building at 701 East 22nd Street after defaulting on a $15.2 million loan. RPM and New York Life are likely playing the long game as the Chicago suburbs' multifamily market continues to take off. Total multifamily sales volume in the suburbs increased by more than 67 percent year over year in the second quarter of 2026, a recent report from local brokerage Interra Realty found. RPM has been an active buyer in and around Chicago. In March, the firm bought the 294-unit Orland Ridge build-to-rent community in Orland Park for $102 million. And in July, RPM bought the SoNo East Apartments for $125.2 million in Lincoln Park from the New Jersey-based asset-management arm of Prudential Financial.
Prudential Financial, Inc. to participate in 2026 Barclays Global Financial Services Conference; live webcast available. NEWARK, N.J.-(BUSINESS WIRE)-Prudential Financial, Inc. (NYSE: PRU) will participate in the 2026 Barclays Global Financial Services Conference on Wednesday, Sept. 16, 2026. On that day at approximately 9:45 a.m. ET, Yanela Frias, CFO, will participate in an analyst-led fireside chat. Interested parties may listen to the presentation through a live audio webcast on the Company's Investor Relations website at investor.prudential.com. Please log on at least 15 minutes early to register, download, and install any necessary software. A replay will be available on the Investor Relations website through Sept. 30, 2026. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of June 30, 2026, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for over 150 years. For more information, please visit news.prudential.com.
The Partnership will be funded by a combined initial capital commitment of up to £2 billion.
Standard Life expands risk transfer business via partnership with global financiers. Standard Life has expanded its risk transfer business, through a new partnership with CVC, Prudential Financial, Goldman Sachs and MS&AD. This partnership will be funded with a combined capital commitment of up to £2bn over five years, enabling Standard Life to more effectively compete for risk transfer business from larger pension schemes. Standard Life will commit £500m to the partnership, with the balance coming from the consortium. Standard Life will retain full operational control of the partnership. It says the arrangement will enable it to expand its "compelling" pension risk transfer proposition, by combining its operational expertise with the additional capital and specialist investment capabilities of the consortium. This includes CVC's, PFI's and Goldman Sachs' global private markets capabilities, which will look originate high-quality assets to back pension scheme liabilities for the partnership and for Standard Life's existing PRT business. Standard Life says that access to differentiated private markets origination should improve its pricing competitiveness and structuring flexibility, enabling it to offer trustees more compelling and innovative terms on complex de-risking transactions. Standard Life points out that schemes at the upper end of the market are anticipated to drive a significant and growing share of the £350bn to £550bn of UK DB scheme assets that are expected to de-risk over the next decade. Standard Life group CEO Andy Briggs says: "Corporate Adviser is delighted to announce the expansion of its PRT business in partnership with a group of internationally recognised financial institutions, who are committing global capital into the UK PRT market. "By bringing together our comprehensive PRT capabilities with our partners' specialist private markets capabilities and significant capital resources, coupled with a trusted and well-known brand in Standard Life, we will be able to offer trustees and sponsors for the largest pension schemes an alternative to secure the pensions of their members across the UK." He adds that the partnership further accelerates Standard Life's vision to become the UK's leading retirement savings and income business." Nuwan Goonetilleke, chief executive officer of Standard Life PRT Solutions and interim CEO, retirement solutions and asset management adds: "This partnership has been deliberately structured to continue to secure high-quality outcomes for members, while supporting trustees in executing complex de-risking transactions with confidence. "Our consortium approach enhances our ability to deliver competitive pricing and innovative structuring for trustees, whilst maintaining Standard Life's independence and control." CVC president Peter Rutland adds: "This partnership builds on CVC's experience in the attractive UK PRT market through a new, long-term capital commitment, whilst leveraging Standard Life's track record and established proposition with trustees. "The partnership is ideally suited to CVC's insurance asset management franchise and credit origination capabilities." Goldman Sachs Alternatives, global co-head of private credit, Vivek Bantwal says: "Goldman Sachs has deep resources to provide customised capital solutions for Standard Life and its corporate pension clients. "Corporate Adviser look forward to serving their needs by leveraging its rigorous credit selection process and deep asset origination funnel through the investment bank. "Across the firm, we have expertise in markets, risk management, structuring and liquidity solutions that, when combined with our knowledge of the UK PRT market, will be highly supportive for the partnership in delivering efficient and well-structured solutions for large and complex PRT transactions." Video.