Summer 2026
Asset Management Intern
Asset Management Group
Updated on 8/20/2026
PNC Financial Services
10,001+ employees
Provides traditional banking and digital services
Compensation Overview
$18.80 - $60.82/hr
No H1B Sponsorship
Orlando, FL, USA + 22 more
More locations: Houston, TX, USA | Louisville, KY, USA | Washington, DC, USA | San Francisco, CA, USA | New Brunswick, NJ, USA | Cleveland, OH, USA | Los Angeles, CA, USA | Tampa, FL, USA | Dallas, TX, USA | Raleigh, NC, USA | Chicago, IL, USA | Charlotte, NC, USA | Troy, MI, USA | Fort Lauderdale, FL, USA | Pittsburgh, PA, USA | Columbus, OH, USA | Phoenix, AZ, USA | Denver, CO, USA | Atlanta, GA, USA | Coral Gables, FL, USA | Cincinnati, OH, USA | Baltimore, MD, USA
In Person
This is an in-office role; the specific location is based on business need.
Bachelor's
 Business & Strategy (1) |
|---|
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- Working toward a bachelor's degree in a preferred business-relevant major such as Finance, Economics, Marketing, Mathematics, Statistics, Management, Communications, Business Law, Psychology, or Actuarial Science.
- Junior status.
- Minimum cumulative GPA of 3.2.
- Ability to interact directly with clients.
- Strong written and verbal communication skills.
- Accuracy and attention to detail.
- Analytical thinking.
- Flexibility and adaptability.
- Information capture.
- Initiative.
- Knowledge of products and services.
- Self-directed growth and development.
- Participate in the 10-week summer internship program.
- Gain exposure to a specific line of business, expand professional tools, and complement education with real-world job experience.
- Perform or assist the core activities of the group by applying knowledge learned to drive business results, including deal, sales, or process support, internal or external client interaction, and support for internal projects.
- Participate in social learning by identifying and networking with business representatives and peers, mentoring, job shadowing, community outreach, and a group capstone presentation.
- Support customized financial solutions involving investment management, wealth planning, trust administration, private foundation management, lending, estate and retirement planning, asset allocation, manager selection, and portfolio construction, as applicable to the assigned Asset Management Group team.
PNC Financial Services is a large U.S. bank that provides a wide range of financial services for individuals, small businesses, and large corporations. It offers checking and savings accounts, credit cards, home and auto loans, and retirement planning, plus digital tools such as the PNC Virtual Wallet that combines checking, savings, and budgeting features. The product works by letting customers manage money through traditional banking products and digital tools: deposits and loans generate interest, while fees and investment income add to revenue. Compared with many peers, PNC differentiates itself through its integrated digital wallet platform and a long history of service, plus a strong emphasis on community involvement and corporate responsibility. The company's goal is to help clients reach their financial goals by providing expert advice, reliable service, and support for local communities, employees, and shareholders.
Company Size
10,001+
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
1845
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Simplify's Take
What believers are saying
- Second-quarter 2026 revenue hit $6.88 billion, driven by 80% capital markets growth.
- PNC completed FirstBank on January 5, 2026 and booked stronger loan growth and NII.
- July 7, 2026 mobile rollout and August 17 app refresh expand cross-sell and retention.
What critics are saying
- The cash-sweep class action survived dismissal on April 30, 2026, raising fee-restitution exposure.
- Office CRE remains weak; March 31, 2026 office loans were $5.5 billion, with 8.8% nonperforming.
- PNC cut 777 FirstBank jobs in April 2026; integration friction and morale damage will persist.
What makes PNC Financial Services unique
- PNC pairs a national commercial bank with treasury, payments, and advisory depth.
- Virtual Wallet and the July 7, 2026 mobile app sharpen PNC’s consumer digital brand.
- FirstBank integration gives PNC density in Colorado and Arizona after January 5, 2026.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Company Equity
Paid Vacation
Paid Sick Leave
Wellness Program
Professional Development Budget
Company News
EXL, a global data and AI company, has closed a new $1 billion senior secured credit facility with PNC Bank as administrative agent and a syndicate of lenders. Bank of America, JPMorgan Chase Bank, and TD Bank served as joint lead arrangers. The facility increases EXL's borrowing capacity from $600 million and includes a $400 million term loan and up to $600 million in revolver borrowings. The five-year agreement includes an accordion feature allowing expansion equal to the greater of $470 million or 100% of trailing four-quarter EBITDA, expiring on 18 August 2031. Chief financial officer Maurizio Nicolelli said the expanded debt capacity provides flexibility for targeted mergers and acquisitions whilst continuing to return capital to shareholders under the company's $500 million share repurchase authorisation.
Superior Group of Companies has amended and extended its senior secured credit facilities with PNC Bank and a syndicate of lenders. The $200 million financing structure comprises a $125 million revolving credit facility and a $75 million term loan. The five-year agreement extends the company's debt maturity from August 2027 to August 2031. Superior Group retains the option to request up to an additional $75 million in incremental capacity. Michael Koempel, president and chief financial officer, said the arrangement provides flexibility to support the company's capital allocation strategy and growth initiatives across its segments. The amended facilities are unchanged in size from the prior agreement. Full details of the Amended and Restated Credit Agreement are available in the company's Form 8-K filing with the Securities and Exchange Commission.
Radiant Logistics has completed an amended and restated $200 million secured revolving credit facility, refinancing its existing facility that was due to mature in August 2027. The new facility extends the maturity to 2031 and features improved terms, including lower interest rates and an expanded accordion feature increased from $75 million to $100 million. The facility will be used to fund acquisitions, capital expenditures, and potentially share buybacks. Borrowings accrue interest at SOFR plus 137.5 to 212.5 basis points, reduced from previous pricing. Bank of America serves as administrative agent, with Bank of Montreal and PNC Bank acting as co-syndication agents. As of 31 March 2026, the company had $25 million drawn on the previous facility and $39.6 million cash on hand, resulting in no net debt.
Motorcar Parts of America has extended its $238.62 million revolving credit facility with PNC Bank until August 2031. The amended facility includes enhancements providing working capital flexibility, liquidity, and other favourable terms. Chairman, president and chief executive Selwyn Joffe said the extension recognises the company's milestones and solid position within the automotive aftermarket. He noted the company's enhanced industry position, particularly regarding brand-related products, is expected to drive growth. Joffe highlighted the company's expansion of its brand portfolio, including the recent purchase of intellectual and digital property associated with the Centric Parts brake brands and its Quality-Built brand. Motorcar Parts of America remanufactures, manufactures, and distributes automotive aftermarket parts including alternators, starters, wheel bearings, and brake components.
Super-regional banks reported commercial loan growth and higher net interest income in Q2 2026, according to Trepp. Net interest income rose sequentially at all 11 banks, with Citizens and PNC each up 4%. Major acquisitions affected year-over-year comparisons. Fifth Third absorbed Comerica, Huntington added Veritex and Cadence, and PNC acquired FirstBank of Lakewood. Net charge-off ratios declined at eight banks, whilst credit loss allowances fell at 10 of 11 institutions. However, commercial real estate performance diverged. Citizens reduced its CRE charge-off rate to 0.36% from 0.64%, and PNC cut nonperforming CRE balances by 10%. Truist, U.S. Bancorp, and KeyCorp each recorded higher CRE nonperforming assets despite overall charge-off declines, suggesting uneven stress from legacy office and multifamily exposure.