Investment Management Internship, Summer 2026

Investment Management Internship, Summer 2025

In this internship you will work in our front office Investment Management Team, at the heart of our efforts to achieve great investment outcomes for our clients. This internship will provide a tremendous learning opportunity to get close to the equity and fixed income markets and develop a foundational understanding of all stages of the investment process. You will have an opportunity to learn from colleagues across our Portfolio Management, Trading, Investment Risk/Research and ETF Capital Markets Teams.

Applicants must be smart, curious, and highly motivated self-starters, who demonstrate a passion for the asset management industry and Vanguard's mission to improve outcomes for all investors. Assessment for the role will include an online psychometric test followed by a skills assessment and two rounds of interviews. The Internships will start in June 2026 and run for 10 weeks, with successful interns given the potential to apply for permanent roles in 2027. Once you have applied, the next stage of the process will begin on 12th January 2026, at which point all applicants will receive an email with details regarding the psychometric assessment.

About Vanguard
Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They track the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack". We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 35 million investors worldwide now trust us with their money.

About The Opportunity
Through the internship you will be given the following learning and development opportunities:

• Build an overview of the financial markets and investing
• Understand how to interpret the data that forms the background to trading and portfolio management
• Learn how to undertake investment research, with the potential to focus on strategic and macro research as well as micro credit research resulting in investment decisions
• Develop an understanding of the ETF market and landscape
• Experience portfolio management and trading through interaction with the equity and/or fixed income active and passive teams
• Software used throughout the working day and on ad hoc projects includes Microsoft Office (Excel, PowerPoint, Visio, Word, Power BI), Tableau, and trading and portfolio management systems

What it takes:

• Applicants should be penultimate year undergraduate or graduate students
• A stellar intellectual profile; we will assess for abstract and numerical reasoning skills
• First rate communication skills, great judgement and resilience
• Attention to detail with strong organisational, interpersonal and relationship management skills
• Our organisational values are Care, Inclusion, Integrity and Tenacity. The successful candidate will demonstrate these values every day.
• You will be required to be in our London office five days per week.

How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.