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MetLife Investment Management - 2025 Summer Analyst Internship

Job Title: Summer Analyst

Business Units: Public Fixed Income (PFI), Private Capital, MetLife Insurance Investments (MII), Institutional Client Group (ICG), Insurance Asset Management (IAM), Operations

Locations Available: Whippany, NJ; Philadelphia, PA

Application Deadline: October 6, 2024, at 11:59 PM EDT

Company Overview: MetLife Investment Management (MIM) is the institutional asset management business of MetLife, Inc. (NYSE: MET), one of the world’s leading financial services companies. MIM serves institutional investors, including MetLife’s general account investment teams, by combining a client-centric approach with deep, asset-class expertise established over 150 years of disciplined risk-management experience. Focused on managing Public Fixed Income, Private Capital, and Real Estate assets, we aim to deliver strong, risk-adjusted returns by building tailored portfolio solutions. MetLife Investment Management had $587.6 billion of total assets under management as of June 30, 2024, for our institutional clients and MetLife’s general account.

Program Description: MetLife Investment Management’s Summer Analyst Program provides participants a broad exposure to a global investment manager and a specific asset class of their choosing. The program is a 10-week hybrid experience, that will run from June 2, 2025 to August 8, 2025. Summer analysts will develop various technical and soft skills, have the opportunity to network with professionals across the company, and fully immerse themselves in MIM’s culture. Candidates will be able to rank their preferences for placement in the following business units and corresponding locations:

Public Fixed Income; PFI (Philadelphia, PA; Whippany, NJ): The Public Fixed Income summer analyst will support the trading, portfolio management, credit research, and operations functions of Public Fixed Income. The summer analyst will be introduced to high-yield and investment-grade corporate bond trading, structured product investing, credit research, portfolio analytics, and risk management. Time will be shared, and these groups will be supported in various capacities as needed. Within the program, you will work closely with portfolio managers and senior members of the research and trading groups to obtain a working knowledge of and take an active role in the investment process. Public Fixed Income AUM was $311.8 billion on June 30, 2024.

Private Capital (Whippany, NJ): The Private Capital department is an industry leader in institutional asset origination, managing over $135.5 billion as of June 30, 2024, across Private Corporates, Private Infrastructure, Residential Mortgage Loans, Alternatives, Middle Market Private Capital, and Private Asset-Backed Securities, and is continuing to experience significant growth. The summer analyst will be responsible for supporting the Private Capital team, including reporting, analysis, presentations, and ad hoc portfolio-related projects, as well as providing support for the more senior members of the team. Summaries of the business units are below:

• Investment Grade Private Credit—Our Investment Grade Private Credit strategies include investments in corporate, private credit, infrastructure debt, and private structured credit issuers that offer portfolio diversification structured for asset-liability matching, managing over $91.3 billion as of June 30, 2024. We invest in credits whose transactions we believe are well structured, properly priced and have sufficient relative value compared to other investment opportunities. We have access to a wide range of investment opportunities that allow us to be selective on deals.

• Middle Markets—The Middle Market Private Capital strategy seeks to offer investors access to privately negotiated debt and minority-equity investment transactions, primarily in North American middle-market companies. Investments include senior, unitranche, and second-lien loans, mezzanine notes, and equity co-investments. Middle Market Private Capital AUM was $1.5 billion on June 30, 2024.

• Private Equity—Private Equity Strategy seeks to deliver consistent, attractive long-term private equity returns, both on an absolute basis and relative to industry benchmarks. MetLife’s Private Equity portfolio is invested globally across a broad range of sub sectors, including leveraged buyouts, venture capital, growth equity, special situations, and equity co-investments.

• Residential Whole Loans—The Residential Whole Loan strategy seeks to offer investors access to an actively managed residential loan portfolio that aims to generate attractive income relative to traditional fixed-income sectors. U.S Residential Mortgage Loan AUM was $18.4 billion on June 30, 2024.

MetLife Insurance Investments; MII (Whippany, NJ): MII provides the insurer investment function for MetLife’s general account. Key to this function is developing an asset allocation strategy that enables the matching of investment assets with the liabilities needed to fulfill MetLife’s obligation to customers at some point in the future. MII collaborates with its asset manager, MetLife Investment Management, to execute the strategy within a relative value framework, balancing current income and total return needs. The summer analyst will work with the MII team to analyze and implement investment strategies that help achieve earnings, growth, and risk management objectives, as well as assist in building reports to support the investment process.

Institutional Client Group; ICG (Philadelphia, PA; Whippany, NJ): The Institutional Client Group is responsible for driving the firm’s strategy and business development efforts with institutional investors globally. As a summer analyst, the candidate will work closely with team members, investment professionals, and other key stakeholders in a range of responsibilities related to growing the client business. This includes maintaining and enhancing a CRM system, sourcing prospective investors, researching competitor products, summarizing large datasets, assisting with various business strategy initiatives, and coordinating client/prospect meeting logistics and follow-ups.

Insurance Asset Management; IAM (Whippany, NJ): MetLife Investment Management (MIM) was launched in 2012 to capitalize on our strong investment management performance for our General Account. The summer analyst will support the management of MetLife Holdings and Corporate & Other Segments. MetLife Holdings portfolios back run-off liabilities such as Life, Annuities, and Long-Term Care. The Corporate & Other segment contains mostly surplus, reinsurance, and hold-co portfolios. The summer analyst will provide ad hoc analysis on various portfolios or other topics. Additionally, the summer analyst will utilize tools such as BlackRock Aladdin, Excel, Bloomberg, and other tools to analyze portfolio issues.

Operations (Whippany, NJ): The Client Services Group in Operations creates and delivers client reporting related to MIM’s global product agenda, with a mandate to deliver products that support both clients’ needs and business growth objectives. The team also serves as a critical connector for MIM’s clients and Product Strategy to ensure we are delivering on our promises. This role will support the broad activities of the Client Services team. Key responsibilities include assistance with facilitation of client reporting, timely and accurate report generation, ad-hoc client requests, and development of new efficiency processes.

The responsibilities described here are not exhaustive, and additional assignments, duties, or responsibilities may be required of this position. MIM may change assignments, duties, and responsibilities at any time, with or without notice, by its sole discretion.

Required Skills and Qualifications:

• Pursuing an undergraduate degree with an expected graduation date of December 2025 to June 2027. Must possess a demonstrated interest in finance/economics. Candidates pursuing master's degrees or other advanced degrees are ineligible.

• A strong work ethic, personal and professional integrity, and be able to adapt to new challenges.

• Ability to work independently and in a team environment, remaining detail-oriented and client-focused.

• Excellent interpersonal and communication skills.

• Demonstrated proficiency with Microsoft Office products such as Word, Excel, and PowerPoint.

• In connection with this open position, MetLife will only consider job applicants who are legally authorized to work in the United States without an employer-sponsored petition for a visa, such as an H-1B visa. It will not file any visa applications in connection with this position.

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to [1] accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

References

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1. mailto:accommodations@metlife.com

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.