P

PIMCO

Global asset management with fixed income

Alternatives Business Management Intern - Alternatives Business Management Analyst

Summer 2027Updated on 10/23/2026
$43.26/hr+ Transition bonus for relocation + Discretionary bonus
Internship
Bachelor's
Newport Beach, CA, USA
In PersonInternship positions are located at PIMCO’s Newport Beach headquarters.
Business & StrategyBusiness Operations

About the job

Requirements
  • Applicants must be pursuing an undergraduate degree.
  • Applicants must be able to begin full-time employment from a PIMCO office between January 2028 and August 2028.
  • Applicants must be enrolled at a university during the Fall 2027 semester, August through December 2027.
  • Applicants must have a minimum cumulative collegiate grade point average of 3.2 on a 4.0 scale, or equivalent, at an accredited four-year college or university.
  • Applicants must be business proficient in English.
  • Experience with Excel, SQL, Business Objects, Bloomberg, iLEVEL, Power BI, or DealCloud is a plus.
  • Buy-side or sell-side trade room experience; private equity or real estate experience; legal or compliance experience; or product or project management experience is preferred but not required.
  • Applicants should have demonstrated curiosity and experience using emerging technologies and artificial intelligence tools in work or school projects to solve problems and improve outcomes.
  • Applicants must be available for the full 10-week internship program, running from early June to mid-August.
Responsibilities
  • Support the smooth operation of PIMCO’s alternatives business across relevant funds and accounts.
  • Work closely with portfolio managers to deliver relevant data and analytics that support decision-making.
  • Support transformative strategic initiatives led by the team.
  • Manage critical reporting, forecasting, capacity analysis, and budgeting for the alternatives business.
  • Manage the administrative system guiding day-to-day operations for the global alternatives business.
  • Develop and manage strategic initiatives that enable the alternatives business to scale, achieve its goals, and mitigate risk.
  • Create solutions that are standardized, scalable, sustainable, singular, and secure.
  • Lead complex projects involving large cross-functional teams.
  • Act as an individual contributor on initiatives spearheaded and overseen by Alternatives Business Management.
  • Oversee governance and administration of alternatives fund policies, procedures, processes, and transaction management in the United States and Europe.
  • Manage and oversee transactions throughout the deal lifecycle to maximize efficiencies and minimize delays.
Desired Qualifications
  • Collaborate across the organization to resolve issues.
  • Apply analytical and problem-solving skills.
  • Communicate ideas and strategies clearly, verbally and in writing.
  • Work effectively on multiple projects simultaneously.

About the company

PIMCO is a global investment management firm that provides financial solutions for institutions, financial professionals, and individual investors by managing assets across fixed income, equities, commodities, and real estate. Its core product is actively managed investment strategies designed to meet clients’ financial goals. The company earns fees from assets under management and, when benchmarks are surpassed, performance fees, using rigorous research, risk controls, and a deep understanding of global markets. Unlike firms that rely on a narrow focus, PIMCO combines expertise across multiple asset classes and maintains a large network of investment professionals to offer insights worldwide. Its goal is to deliver consistent, long-term results for a diverse client base, including pension funds, endowments, central banks, sovereign wealth funds, and individual investors, while growing assets under management.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$564.6M

Headquarters

Newport Beach, California

Founded

1971

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Simplify's Take

What believers are saying

  • PIMCO launched GBOF on July 1, 2026, expanding flexible core fixed income.
  • March 11, 2026 ETFs broaden PIMCO's UCITS distribution across Europe and Switzerland.
  • April 24, 2026 Oracle financing showcased PIMCO's role as a preferred mega-debt arranger.

What critics are saying

  • Oi sued PIMCO on February 12, 2026, alleging abuse during restructuring.
  • Allianz's 1.4 billion euro M Unit buyout ends employee ownership and tightens control.
  • Heavy exposure to massive private placements concentrates credit risk if AI infrastructure or Gulf issuers stumble.

What makes PIMCO unique

  • PIMCO's $150 billion global-bond platform powers flexible, active fixed-income strategies.
  • Allianz now owns at least 95% after the July 30, 2026 M Unit buyout.
  • PIMCO finances giant private-market deals, including Oracle's Michigan data center and Waymo debt.

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Benefits

  • Performance Bonus

Growth & Insights and Company News

6 month growth

2%

1 year growth

2%

2 year growth

2%
Bloomberg
Oct 6th, 2026
Waymo raises $5B in debut debt deal to fuel global robotaxi expansion

Waymo has increased its first private debt deal to $5 billion to support the robotaxi company's expansion. The self-driving vehicle operator is using the funds to fuel growth as it scales operations globally. The debt raise marks Waymo's entry into private credit markets as it seeks to expand beyond its current service areas.

Bloomberg
Sep 2nd, 2026
Waymo raises $3B in first debt deal with Pimco and Blackstone for robotaxi expansion

Waymo is finalising its first debt deal, raising over $3 billion from lenders including Pacific Investment Management Co. (Pimco) and Blackstone. The autonomous vehicle company aims to use the funds to strengthen its position as a leading global robotaxi operator. This marks Waymo's first venture into debt financing as it scales its self-driving taxi service.

The Economic Times
Aug 28th, 2026
IREN secures $2.8B financing and AI lab deal as $684M quarterly loss hits shares

Data centre firm IREN signed a multi-year contract with an undisclosed frontier AI lab and secured $2.8 billion in new financing to fund AI chip purchases. The financing includes a $2.4 billion facility led by Blue Owl and Pacific Investment Management Company. IREN reported a fourth-quarter net loss of $684 million, compared with net income of $176.9 million a year earlier. The loss included a $450.4 million non-cash impairment from decommissioning bitcoin mining hardware as the company transitions to AI cloud services. Revenue fell 27% to $137.2 million but exceeded analysts' estimates of $136.8 million. IREN shares dropped more than 7% in extended trading following the results. The company said its 2026 compute capacity was largely sold out.

FF News
Aug 17th, 2026
Ingenico secures $168M from PIMCO to restructure debt and expand cloud payment platforms

Ingenico has secured €150 million in funding from a PIMCO-led investor group to restructure its capital and accelerate its shift towards cloud-based payment technology. The Paris-based company will use the investment to scale its AXIUM family of Android-based payment devices and expand Ingenico 360, a unified cloud platform consolidating device management, transaction services, and analytics. The funding supports Ingenico's transition from hardware sales to a platform-as-a-service model. The company is opening new offices in London, San Francisco, and Istanbul to house Customer Excellence teams providing localised support. Newly appointed CEO Floris de Kort said the investment enables faster execution on product development and customer service priorities. The recapitalisation aims to strengthen Ingenico's balance sheet whilst funding innovation across its core payment acceptance solutions for retailers, banks, and fintech companies.

Handelsblatt
Jul 31st, 2026
Allianz increases stake in Pimco to at least 95% for minimum $1.6B

Allianz is increasing its stake in US asset management subsidiary Pimco from 90.6% to at least 95%, investing a minimum of €1.4 billion. The Munich-based insurance giant has terminated an employee participation programme that was launched 18 years ago and expired in 2020, through which Pimco managers held a 9.4% stake in the bond fund specialist. The company announced the move on Thursday evening. Pimco specialises in bond funds and operates as a subsidiary of the German insurance group.