Location Designation: Hybrid

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

The New York Life Investments Summer Internship Program is an exciting opportunity for rising juniors and seniors looking to gain the experience, skills, and support they need to help launch their careers. The 10-week paid internship will take place starting June 2024. Positions are available at New York Life Investments Management and its boutique firms, Apogem Capital, and MacKay Shields. Participants will take part in weekly intern events, such as Lunch & Learns, Meet & Greets with senior leaders, and market calls. Our program includes training and development seminars, networking opportunities, social events, and the opportunity to be considered for a full-time analyst role.

New York Life Investments Management

With over $600 billion in assets under management, New York Life Investments is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialized, independent investment teams through its family of affiliated boutiques. Summer intern positions are offered in New York City and Jersey City on teams including Sales, Product, Strategy, and Marketing.

Apogem Capital

With offices in New York, Chicago and Richmond, Apogem Capital is a leading alternatives investor, with decades of experience investing in the middle market and approximately $37 billion in assets under management. By offering a full range of capital solutions, Apogem delivers innovative solutions to private equity sponsors and portfolio companies while generating access to highly sought-after opportunities for our clients. The Private Credit Intern role begins to develop a foundation in credit underwriting, financial analysis and portfolio management through on-the-job training and specialized projects. Interns will work alongside one of Apogem’s underwriting teams to begin to learn and understand our fast-paced, results oriented organization by assisting with the monitoring of portfolio accounts and evaluation of new business opportunities.

MacKay Shields

Since 1938, MacKay Shields has partnered with clients to help meet their investment goals through high quality products and exceptional service. As active managers, we serve a prominent group of pension funds, government and financial institutions, family offices, high net worth individuals, endowments, and foundations from across the globe. We were acquired by the New York Life Insurance Company in 1984 as the foundation to its multi-boutique investment advisor model. The model—which was designed to combine the benefits of nimble and independent investment boutiques with the strength of a financially strong partner—has been key to MacKay Shields’ success. The firm currently manages assets for institutional investors and other financial service providers across the globe. With locations in New York City and Princeton, New Jersey, this summer MacKay Shields is offering internships on the Municipal Bond, High Yield, Fixed Income, and Marketing Teams.

Depending on your placement, the internship could include the following investment responsibilities:

• Creating and participating in individual and/or group presentations

• Assisting in projects and responsibilities as determined by the team

• Partnering with key internal stakeholders to drive efforts across marketing, sales, business intelligence, compliance, finance, legal, etc.

• Collaborate with investment partners on the creation of new product marketing materials in various formats, including blogs, webcasts, videos, brochures, presentations, flyers and digital representation of such materials

• Synthesize research/analyses and develop concise and effective presentations to inform new product recommendations (PowerPoint or Word)

• Help prioritize and drive execution and project management on new product launches or product modifications

• Assist with the planning and overall coordination of conferences/seminars/meetings

• Participate in operational work such as updating and maintaining databases, managing daily queues, inputting client requests, etc.

• Conduct credit research, security analysis, industry/market research

• Attend training and development seminars

• Exposure to senior leadership, subject matter experts, networking opportunities, and social events

Required Qualifications:

• Must be a rising junior or senior at an accredited 4-year university or college with an anticipated graduation date of Spring 2025 or 2026

o Business, Finance or related major preferred

• Prior internship experience, or significant contributions to campus or community extracurricular activities

• Strong written and oral communication skills

• Excellent interpersonal skills

• Technical, analytical and problem-solving skills with strong attention to detail

The locations available for these internships are New York City, Jersey City, Princeton, Chicago and Richmond.

At the end of the summer, interns will be considered for an offer to join our fulltime New York Life Investments Analyst Program upon graduation. The analyst Program is a 2-year program rotating between various business areas.

Applications will be reviewed on a rolling basis and interviews will begin mid-September.

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Salary range: $25/ hour

Overtime eligible: Nonexempt

Discretionary bonus eligible: No

Sales bonus eligible: No

Click here to learn more about our benefits . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.