Fixed Income Credit Intern

About the Role

The Leveraged Credit Team is seeking a Summer Analyst to join the Fixed Income Strategies Group. This internship will provide students with hands-on experience in credit investing, with a primary focus on High Yield and Leveraged Loans. Interns will gain direct experience in fundamental credit analysis, financial modeling, and portfolio monitoring.

Key Responsibilities

• Conduct financial and credit analysis of current and prospective high-yield and leveraged loan investments, including review of company financial statements, operating performance, and industry trends.
• Use approved AI and automation tools to streamline elements of the investment process, including research synthesis, data organization and validation, and recurring analytical tasks.
• Develop and maintain detailed financial models to support investment recommendations.
• Prepare written research, credit memos, and verbal presentations on investment recommendations and credit quality for senior staff.
• Learn and participate in the investment process, including idea generation, due diligence, portfolio monitoring, and ongoing credit and risk assessment of portfolio holdings.
• Stay current on market, industry, and company-specific developments that impact creditworthiness and portfolio risk.
• Participate in cross-strategy learning opportunities with Structured Products, Investment Grade, Rates, and Trading teams.

Requirements & Tech Stack

• Ability to work in Madison, WI for an approximate 10-week period, beginning summer of 2027.
• Foundational understanding of corporate finance and accounting.
• Interest in developing knowledge of fixed income markets.
• Interest in credit markets, particularly high yield, leveraged loans, and structured products.
• Familiarity with AI tools and an interest in developing AI-enabled tools and workflows.
• Proficiency with Microsoft Excel and familiarity with financial modeling.
• Exposure to Bloomberg, Octus, S&P Capital IQ, Moodys Research, CreditSights, Pitchbook, or other financial tools is a plus.

Qualifications

• Current undergraduate or graduate student pursuing a degree in Finance, Economics, Accounting, or a related field.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong written and verbal communication skills.
• Highly motivated, detail-oriented, and capable of working both independently and as part of a collaborative team.