The Principal Financial Group was founded in 1879 as the Bankers
Life Association, a life insurance company. In 1909, the firm
started expanding its offering and has continued to grow ever
since, becoming the Principal Financial Group in 1985. One of the
Fortune 500, Principal offers its private and institutional clients
retirement, investment, life and health insurance, and banking
services. The firm has recently devoted a portion of its resources
to retirement savings and income management services (in response
to aging Boomer demand). Principal serves around 19 million
customers around the globe.
Interns and co-ops at Principal work in a variety of
departments, including accounting, communications, corporate
relations, finance, HR, IT, investments, real estate and sales.
Interns receive hands- on assignments, individual mentoring, and
the chance to attend development and social activities. In addition
to Principal's internship and co-op program, the firm offers the
Principal scholars program. The scholars program is an initiative
that helps promote diversity, with a $5,000 scholarship award that
includes an optional summer internship.
Open to full-time college juniors and seniors with a minimum GPA
of 3.0. Principal looks for students majoring in accounting,
actuarial science, communications, HR, marketing, IT, real estate,
business management, journalism, public relations and finance.