Summer 2027 MBA Research Analyst Intern

Pzena Investment Management (Recruiting)Pzena Investment Management (Recruiting)New York, New York, United States
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Posted

8/14/2026

Employment

Intern

Range

$12k - $15k/month

Work style

Hybrid

4 days in office

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AI summary

Core responsibilities

The intern will work as a Research Analyst to evaluate potential new deep value investment opportunities and present findings to the portfolio management team. This role involves conducting fundamental, bottom-up analysis and engaging with company management and industry experts.

Requirements overview

Candidates must be currently pursuing an MBA with a graduation date between December 2027 and June 2028. Applicants must be authorized to work in the U.S. as the firm does not provide visa sponsorship.

Key skills

Fundamental analysisBottom-up analysisValue investingFinancial modelingInvestment researchData analysisCommunicationCritical thinkingTeamworkIntellectual curiosity

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Education requirements

postgraduate degree

About Pzena Investment Management (Recruiting)

Industry

Investment Management

Employees

202

Type

Privately Held

Size

51-200 employees

Our investment philosophy is simple: we seek to buy good businesses at low prices. We focus exclusively on companies that are underperforming their historically demonstrated earnings power, performing fundamental, bottom-up research on these companies in an effort to determine whether the problems that caused the earnings shortfall are temporary or permanent. We typically consider companies for inclusion in the portfolio when the following criteria are met: (1) the current valuation is low compared to the company’s normalized earnings power; (2) the current earnings are below historic norms; (3) problems are viewed as temporary; (4) management has a viable strategy to generate earnings recovery; and (5) there is meaningful downside protection in case the earnings recovery does not materialize. We believe a concentrated portfolio exclusively focused on companies with these characteristics should generate meaningful excess returns for long-term investors.

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Job categories

Finance & AccountingScience & ResearchManagement & Leadership

Description

Overview: Pzena Investment Management, LLC is a registered investment adviser and broker-dealer managing approximately $85 billion in global equity assets. We provide equity investment management services for institutional investors, leading corporate, public and individual clients on a world-wide basis by way of separate accounts, sub-advised mutual funds, and other commingled vehicles since our firm founded in 1995. Our team of over 170 employees is mostly based in our headquarters in Manhattan, and we have additional offices in London, Dublin and Melbourne. We are a growing company, in the size of our team, our locations, and our assets under management. We seek partners, not just employees, at every level in the firm and are looking for an exceptional new team member to grow with us. At Pzena, we invest in your career and have a strong track record of internal mobility. Pzena Investment Management is a long-only deep value manager with a successful 30-year track record headquartered in New York. The firm currently manages over $85 billion in AUM and has experienced robust growth over time. Our mission is to be considered among the premiere value investing firms globally, and we attribute our historical success to an unwavering commitment to our value investing discipline and a relentless focus on investment excellence. We build concentrated portfolios of deeply undervalued companies by performing in-depth, bottom-up fundamental analysis applied to some of the most controversial and intellectually challenging investment opportunities in global equity markets. Our team is passionate about our mission and investment process, but we also take pride in our culture of partnership and support. We hire with the goal of developing Partners who will spend their careers at Pzena, and we are proud to be consistently rated one of the best places to work in the industry. Key Responsibilities The Opportunity: Over 10 weeks, the summer internship is an opportunity to work as a Research Analyst on our team evaluating potential new deep value investment opportunities and presenting them to our portfolio management team. This will involve fundamental, bottoms-up analysis and likely interactions with company management and industry experts. Interns will receive extensive mentorship and support from experienced investors throughout the summer to help build broad investment skills and learn our differentiated approach to value investing. Our goal is to fill our full-time hiring needs through our summer program. Requirements Who You Are: Currently pursuing an MBA graduating in December 2027 or June 2028. We are open to a wide range of backgrounds and value team players with humility, intellectual curiosity, and a passion for understanding businesses. Must be able to be on-site at our New York office Monday-Thursdays with the option to come in Fridays as well. Salary Range: $12,000-$14,500 USD Monthly The actual base salary may vary depending on factors, including, but not limited to location, work experience, education, training, skill level, and market conditions. At this time, Pzena Investment Management will not sponsor an applicant for employment authorization for this position. Working at Pzena Pzena Investment Management is an affirmative action and equal opportunity employer. We value diverse perspectives and are committed to building an inclusive environment where all employees can thrive. We welcome and encourage candidates from all backgrounds and experiences to join our team. To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time. For a reasonable accommodation request, please contact careers@pzena.com. Privacy Policy: https://www.pzena.com/cookie-policy/

Requirements

  • Fundamental analysis
  • Bottom-up analysis
  • Value investing
  • Financial modeling
  • Investment research
  • Data analysis
  • Communication
  • Critical thinking
  • Teamwork
  • Intellectual curiosity

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