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.
Number of Interns: 101 or more
Compensation/Benefits: Paid, Stipend
Academic Level: College Juniors, College Seniors
Des Moines, IA