Manager - Research

What You'll Do We are currently seeking a Manager-Research for our Commercial Real Estate (CRE) team in New York, NY. In this role, you will work directly with the Senior Managing Director and Global Head of Real Estate Research and Strategy to develop and communicate a forward-looking, data-driven view of global commercial real estate (CRE) markets across cycles. You will partner across portfolio teams on capital allocation strategies. Your responsibilities will include, but are not limited to, the following: Develop house views on the state of the global and U.S. CRE cycle by integrating top-down macroeconomic analysis with bottom-up asset and sector insights. Support investment committees with clear, defensible research narratives and data-backed conclusions. Interpret cross-asset signals (e.g., Treasuries, REITs, credit markets) to inform real estate allocation decisions. Maintain relative value frameworks between public and private as well as equity and debt. Author and present quarterly and thematic research, market outlooks, and cycle updates for internal and external audiences. Who You Are Qualifications Bachelor’s degree with an emphasis in finance, economics, accounting, math, statistics, or similar technical field. 2 plus years of research or investment banking experience; working knowledge of CRE Strong quantitative and analytical background, with the ability to interpret complex datasets and models Exceptional written and verbal communication skills, ideally with experience presenting to institutional audiences. Skills That Will Help You Stand Out Master’s degree and / or CFA designation preferred. An understanding of macroeconomic and capital markets dynamics. Comfort working in a dynamic, transaction-driven environment with short turnaround times. Ability to operate effectively with incomplete information and adapt analytical frameworks accordingly. Python or similar coding skills. 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) $139000 - $225000 / year Time Off Program Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension Eligible No Work Environment This role offers in-office, hybrid (blending at least four office days in a typical workweek) in New York, NY. Y Work Authorization/Sponsorship At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) Nonimmigrant Workers and Green Card for Employment-Based Immigrants Investment Code of Ethics For Principal Global Investors 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 employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits. 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 3/23/2026 Most Recently Posted Date 3/23/2026