Fixed Income Investment Management Intern

2025 Fixed Income Investment Management Intern

Federated Hermes Career Opportunity #9343

Purpose of the Internship:

As an Investment Management Intern, you will support the portfolio management of approximately $3.8 billion in municipal bond mutual funds managed by Federated Hermes. You will gain a broad understanding of the investment process through attendance at group meetings and through your work with municipal credit analysts assigning ESG ratings and reviewing & assigning credit ratings to investment grade municipal securities.  You will gain exposure and expertise in credit analysis of various municipal sectors, including state & local government general obligation bonds and water/sewer, higher education, and public power revenue bonds.

Major Duties:

• Review, assess, and prepare credit analyses of investment grade municipal securities
• Provide written reports and verbal presentations to Municipal Bond Group portfolio managers and analysts
• Assist in preparation of market or economic data related to the investment management process

Hours/location: 

• 8:30 a.m. - 5:00 p.m. 
• Hybrid work arrangement (in-office / remote)  
• Federated Hermes Tower – Pittsburgh, PA 15222 

Explanatory Comments: 

• Solid oral and written communication skills
• An interest in investment management, particularly fixed income, including public/municipal finance
• Good organizational, quantitative, and writing skills

Position Specifications: 

• Pursuing a degree with a concentration in finance, accounting, economics or related major preferred
• Proficiency with Microsoft Products including Word and Excel required
• Knowledge of investment industry and mutual fund terminology preferred

Only those candidates in whom we have an interest will be contacted.

EOE/D/V