Prudential Financial Internship Opportunities
John Fairfield Dryden founded Prudential in 1875. His goal was to make life insurance affordable to working class families. Since that time, the company’s commitment has included helping individual and institutional clients meet their financial needs, which may include products and services such as annuities, mutual funds, and investment management services which are focused on delivering for its customer financial security.
Prudential has received numerous employee awards and accolades, including Vault.com’s “Best Internships of 2015,” the DiversityInc's “Top 50 Companies for Diversity,” The National Business Group on Health's "Best Employer for Healthy Lifestyles," the Human Rights Campaign Foundation's “Best Places to Work for LGBT Equality 2014,” the National Association for Female Executives' "Top 50 Companies for Executive Women," and Fortune’s “World's Most Admired Companies 2014.” Prudential competitors in the financial sector include AIG, MetLife, and Fidelity Investments.
Interns at Prudential have pointed out various things that make this a good internship, such as “an awesome office culture,” interesting projects, and great mentoring which are a few of the reasons why interns have enjoyed their time there. The company provides a team-oriented environment that makes interns feel welcome. They also give interns an opportunity to return each summer throughout their college career, which allows them to get exposure to different types of internships. Work/life balance was also mentioned as a very positive part of the experience.
They also cited sign-on bonuses, plus good pay and overtime as part of their overall positive experience. Salaries for interns at Prudential range between $17.60 to $22.94 per hour in 2015 according to Glassdoor.com. Also, interns also may qualify for health insurance, 401K, and sabbaticals.
Recently 86% of Prudential interns say they found their position through campus recruiting, while an additional 5% were referred by a Prudential employee. Also, 63% rated it as a positive experience with a 2.9 on a scale of 5 for interview difficulty. The interview itself is more behavioral in nature and focuses on problem-solving skills and applicants would react in certain situations.
Prudential offers a variety of opportunities to students, including:
- Peak Leadership Program (freshmen and sophomores)
- Summer Internship Program
- MBA/MA Program
Internship Example: Business Systems Analyst/Tester Intern
The Prudential Summer Internship Program is an opportunity for students to gain relevant work experience in various aspects of financial services. The program offers interns challenging and meaningful work that allow them to demonstrate their abilities, apply knowledge acquired through college courses, and be evaluated for future employment opportunities within the company. Interns also establish relationships with experienced finance professionals and may also secure a full-time position after graduation.
This Internship is a multi-summer rotational program. First-summer interns will have the opportunity to work in one of the business analysis areas listed below during their first summer. Successful interns may be invited to return for a subsequent summer and will be considered for rotation to other business groups for additional exposure. Below is a list of the rotational assignments that interns will be exposed to.
- Investment Accounting Operations – PAM Domestic
- International Investment Accounting Operations - PAM International
- Money Market Investment Accounting Operations – MMIP
- Treasurer’s Global Funding – SUMMIT
This position is for an intern who will become involved in the testing phase of the Systems Development Life Cycle (SDLC) and modifications of that system as related to systems/interfaces/ applications/reports/programs that are part of an overall investment accounting infrastructure. Additional responsibilities include assisting business analysts in the preparation of test plans to validate that a system meets business requirements, in the development of test case matrices, the creation of actual test cases, the execution of the test, and the review of actual vs. expected results.
- Freshman, sophomores, and juniors pursuing a bachelor’s degrees in business or information systems (strong interest in business, preferred).
- Motivated, confident, enjoys being challenged, and works well individually and in a team-based environment.
- A Minimum of a 3.1 GPA is preferred.
- Proficiency with spreadsheets, word processing, email, dataflow, database and reporting, testing, project management, SQL, data processing/manipulation, compare tools, automated test tools, client server applications.
- Ability to work independently as well as in a team environment.
- Must possess strong oral and written communications skills.
- Must have strong analytical and problem-solving skills.
- A strong attention to detail with good organization skills is required.
- Demonstrated ability to multi-task and meet deadlines
Location: Newark, NJ