Job purpose/role

The Private Debt team is responsible for designing and managing Allianz Group’s alternative debt portfolio. Private debt has been one of the fastest-growing asset classes over the past decade. We are seeking a highly motivated intern to support the sourcing, analysis, and execution of high-quality fund investment opportunities across senior, mezzanine, and opportunistic credit strategies, spanning corporate lending, infrastructure debt, and real estate debt. This role offers direct exposure to senior investment processes and a broad range of private debt strategies within one of Europe’s leading institutional investors.

Key responsibilities

• Support the evaluation of private debt fund investments through qualitative and quantitative due diligence, including analysis of investment strategy, restructuring capabilities, ESG integration, historical performance, and return expectations
• Conduct market screening and map the private debt landscape across different strategies and sub-sectors
• Prepare materials for and actively participate in meetings with asset managers and internal decision-makers
• Utilize data analytics tools (e.g., Power BI, Python, R, SQL) to support investment decision-making and portfolio management

Key requirements / Skills / Experience

• You must be enrolled as a student for the entire duration of the internship (proof of enrollment required)
• You have completed an undergraduate degree in finance, economics, mathematics, data science, statistics, computer science, or a related field, and are currently pursuing a master's degree in a relevant discipline
• You have hands-on experience with data analysis tools such as Power BI, Python, R, SQL, VBA, or comparable technologies
• You are fluent in English. German is a plus
• Strong written communication skills (supporting documentation such as standardized test results is optional but appreciated)
• Please submit your CV and cover letter in English

Additional information

• A valid university enrollment certificate is required for the full duration of the internship
• Non-EU/EEA students in Germany must comply with applicable working day restrictions
• One position available starting end of 2026 or 1H 2027. Please indicate your availability. The internship is full-time.

107466 | Asset & Investment Management | Student | | Allianz Investment Management | Full-Time | Temporary

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.
We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.