Product Management Internship (Summer 2027)

What You'll Do

Join our highly regarded internship program, which has been fostering future leaders for over 20 years! With opportunities for 200+ interns annually, you'll work on real projects that drive value for our business and customers while collaborating with a wide range of team members, from fellow interns to senior management, in an Agile, purpose-led environment. Each intern is assigned a formal leader and mentor to provide guidance throughout the program. This is a unique opportunity to gain hands-on experience while exploring Principal’s Product Management practices and culture.

As a Product Management Intern, You Will:

• Partner with business collaborators and cross-functional teams within Life and Disability Underwriting to find opportunities and deliver customer-focused outcomes

• Define and prioritize business goals and outcomes for Agile teams, ensuring alignment with broader strategic goals

• Collaborate with teams to create, refine, and manage product roadmaps and features, ensuring clarity of scope and business value

• Gain experience in planning and managing iterations, stories, and Agile ceremonies that support successful product delivery

• Share insights on upcoming product features to create alignment and shared understanding among stakeholders and delivery teams

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years.

Who You Are

• You are currently pursuing or holding a degree in business, management, STEM, or related fields

• You are involved in student organizations on your respective campus, within the community, or have prior internship experience

• You have exceptional communication, problem-solving, and organizational skills

• You have a strong work ethic with a passion for solving business challenges through innovative solutions

Skills That Set You Apart

• A foundational understanding of product management principles, including product road mapping, backlog prioritization, and Agile methodologies

• Prior internship or work experience in product management, consulting, or a related field

• Experience with tools or concepts such as:

• Business Process Mapping

• Customer Experience (CX) or User Experience (UX) principles

• Agile frameworks like Scrum or Kanban

• Data analysis and strategic decision-making

• Leadership roles that demonstrate your ability to collaborate and inspire others

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$28 - $30 / hour

Time Off Program

Paid company holidays and any time off required in your state.

Pension Eligible

No

Why Principal

This internship is a springboard into a career where you’ll make a meaningful impact. You’ll gain hands-on experience in product management, contribute to innovative projects, and immerse yourself in a supportive, purpose-driven culture.

Ready to help us build products that make financial security accessible to all?

Work Environments

This role will be located in our World Headquarters in Des Moines, Iowa. Individuals in this role are required to work a minimum of 3 days per week in the office.

Internship Stipend

You will receive a lump sum stipend of $4,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit but is not intended to compensate for all tax liabilities.

Our Internship Culture

Join an established program that provides hands-on experiences for 200+ interns each year! You'll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our interns.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

10/23/2026

Most Recently Posted Date

10/23/2026

Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice (https://secure02.principal.com/publicvsupply/GetFile?fm=WW962&ty=VOP) for more details on our practices and your data privacy rights.