Year in Industry - Asset Allocation Programme - London - 2026

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

The Asset Allocation team manage a variety of multi-asset funds which utilise the benefits of diversification to reduce risk while maintaining an attractive return to investors.

These funds range from passive to active strategies and serve DB schemes, DC schemes, and retail investors. The team uses quantitative and qualitative analysis, including tail risk assessment and ongoing risk/performance monitoring to determine optimal allocations and ensure long-term objectives are met.

The Asset Allocation year in industry programme has been designed to help you reach your potential. You will develop your skill set, gain valuable work experience, all whilst earning a competitive salary.

With support every step of the way, you will contribute to the success of a team and be supported by your line manager. As part of a Future Talent cohort, you will also have the opportunity to connect with your peers and colleagues though networking opportunities and social events.

What you might work on

The responsibilities of this role are wide ranging, and you will be exposed to a wide range of activities to help support the ongoing operations of the team. This includes:

• Joining the front office investment management team across a variety of tasks that aid the team's investment process and distribution efforts
• Collaborating with the team’s economists, strategists, portfolio managers and investment specialists on daily activities
• Carrying out daily tasks to support the ongoing operations of the team
• Contributing to longer-term projects that develop quantitative and presentation skills
• Analysing numerical and time series data using qualitative and quantitative methods, and applying Python and other commonly used tools across teams for data analysis

After completing the internship, there’s a chance you could be offered a graduate role (upon completion of your degree).

Any offer will depend on how you perform during your placement and the graduate roles available at the time. If you do receive an offer, it will be for the same business area where you did your placement. Please note, we can only accept one application per person across all of our intern roles. Therefore, please think carefully about the programme you intend to apply for, because your first application will be considered as your only application.

We recruit on a rolling basis, and this role is likely to fill quickly. To give yourself the best chance, we recommend applying as soon as possible.

Who we’re looking for:

First and foremost, we’re looking for undergraduates with curiosity and a strong desire to learn. You don’t need prior industry experience, but we’ll want to see that you have the skills and mindset to grow quickly. These include:

• On track for a 2.1 Degree in any subject – we are open to all subject backgrounds
• Penultimate year student studying in a four-year course (graduating in 2028)
• B in A Level Maths
• Right to work in the UK
• Curious, motivated and have a desire to learn more about a career in Investment Management
• Strong analytical and problem-solving skills.
• Effective communication skills and ability to work as part of a team.
• Excellent organisation skills and the ability to prioritise.
• Familiarity with Microsoft Excel and the ability to code is desirable. Python and VBA is preferred.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Your hard work will be rewarded when you join us.

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.