2027 Quantitative Prediction Markets Research Summer Analyst

AQR Capital Management; Greenwich (CT); On-site; USD 32,000 - 59,000; Full time

Job summary

AQR Capital Management in Greenwich, CT invites Summer Analysts/Associates to join our Quantitative Research team. You will study financial markets, learn academic theory, analyze market data, and contribute to building or improving trading strategies and portfolio construction.

You will work alongside researchers and portfolio managers, applying your quantitative background to develop reliable prediction markets trading strategies across financial, sports, politics, culture and crypto

Qualifications

• Candidate must be a degree candidate by Dec 2027 or Spring 2028 in finance, economics or a quantitative field.
• Strong knowledge of AI and data science.
• Programming skills; Python preferred.
• Familiarity with prediction markets, options pricing, and data analysis.
• Interest in sports, politics and finance analytics.
• Excellent problem-solving and quantitative abilities.
• Able to work independently and in a team.
• Highly organized, detail-oriented and curious.
• Strong communication skills both written and verbal.

Responsibilities

• Study financial markets and academic theory.
• Analyze market data and backtest trading strategies.
• Collaborate with researchers and portfolio managers.
• Transform research into actionable trading strategies.

Skills

AI knowledge

Python

Prediction markets

Data science

Quantitative skills

Team collaboration

Communication

Organized/detail-oriented

Problem solving

Creative thinking

Education

Ph.D./Masters/Bachelors in finance/economics/quantitative field

Job description

AQR Capital Management

AQR is a global investment firm built at the intersection of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio management since 1998.

At AQR, our employees share a common spirit of academic excellence, intellectual honesty and an unwavering commitment to seeking the truth. We're determined to know what makes financial markets tick - and we'll ask every question and challenge every assumption. We recognize and respect the power of collaboration and believe transparency and openness to new ideas leads to innovation.

The Internship Program

Our 10-week summer program puts real work of the firm in your hands. You will work alongside brilliant people, gain insights and know-how from our Quanta Academy Summer Term curriculum, and experience what it's like to work at the pinnacle of global, systematic investing.

Learning is the cornerstone of our culture and plays an active role in the internship experience - through daily collaboration and interaction with employees at all levels, in workshops and classes, and most significantly by working on projects that matter to the many clients we serve. Our unique AQR Quanta Academy: Summer Term learning series, a structured program, consists of over 40 hours of educational, skill-building and networking events.

Your Role

AQR is looking for someone with an understanding of and interest in prediction markets and sports analytics to join our Quantitative Research team. Our Summer Analysts / Associates experience life as a Quantitative Researcher at AQR, which may include studying financial markets, learning academic theory, analyzing market data, building new (or improving on existing) trading strategies, and/or enhancing portfolio construction.

Summer Analysts / Associates gain hands-on experience in quantitative research as well as the opportunity to learn about quantitative asset management and the investment philosophy which drives AQR. Specifically, this role is looking for someone to work in collaboration with researchers and portfolio managers and to leverage their own quantitative background to seek out reliable prediction markets trading strategies across all types of event contracts, including financial, economic, sports, politics, culture, and crypto. Research will focus on acquiring and cleaning data, building models, analyzing backtested trading strategies from those models, and transforming that research into trading strategies.

What You'll Bring

• December 2027 or Spring 2028 degree candidate (Ph.D., Masters, or Bachelors) from a top program in finance, economics, or a quantitative discipline (Operations Research, Applied Math, Computer Science, Statistics, etc.) with a desire to work in the financial services industry


• Heavy knowledge and experience in AI


• Programming skills; Python preferred


• Familiarity with predictions markets, option and contingent claim pricing, and data science.


• Passion for sports, politics, finance analytics


• Diversity of knowledge and interests a plus


• Strong problem solving and quantitative skills


• Ability to work both individually and in a team setting


• High degree of intellectual curiosity


• Ability to communicate effectively in both verbal and written form


• Well-organized, detail-oriented and able to focus in a dynamic and collaborative environment


• Results oriented

AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY