2027 Summer Intern – PhD Quant Research Analyst, Client Solutions & Analytics, US

PIMCO; Newport Beach (CA); On-site; USD 185,000 - 226,000; Full time

Benefits offered by this job

Competitive compensation

Relocation bonus

Networking events

Job summary

PIMCO in Newport Beach invites PhD candidates for a 10-week Summer Internship in Quant Research Analytics. You will publish research, build innovative investment solutions, and develop platforms to analyze client portfolios.

You will collaborate with Portfolio Management, Product Strategy, and Client Management, presenting results to teams and clients. Expect hands-on use of AI tools, mentorship from senior leaders, and relocation support for relocation to office locations.

Qualifications

• Strong background in quantitative disciplines and empirical methods.
• Familiarity with asset pricing, econometrics, and optimization.
• Proficiency in programming with Python, MATLAB, or C++.
• Formal training in empirical research, time series or panel data econometrics.

Responsibilities

• Publish research on market themes and develop investment solutions.
• Build platforms and applications to analyze client portfolios.
• Collaborate with Portfolio Management, Product Strategy and Client Management.
• Present research and findings to internal teams and clients.

Skills

Quantitative background

Asset pricing

Econometrics

Programming

Education

Ph.D. candidate in quantitative disciplines

Tools

Python

MATLAB

C++

Job description

PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.2027 Summer Internship – PhD Quant Research Analyst, Client Solutions & Analytics, USInternship positions are located at PIMCO’s Newport Beach, CA Headquarters.You’re eligible to apply if you:Ph.D. candidate from a top program in quantitative disciplines; Finance, Economics, Statistics, Physics or Math preferredMust be able to begin full time employment from a PIMCO office between January 2028 – August 2028Must be enrolled at a university during the Fall 2027 semester (August 2027 – December 2027)Client AnalyticsThe client analytics team produces innovative thought leadership and quantitative research for PIMCO’s clients. Candidates can expect to publish research pieces on relevant market themes, construct bespoke investment solutions, and develop platforms and applications to better analyze client portfolios. The team’s research topics are broad-ranging adapting to market trends and client interest. Recent publications include: views on inflation, the role of fixed income in a low yielding environment, private asset risk and performance, smart beta emerging market portfolios, and retirement planning. Candidates should be hands-on creative thinkers able to build research and investment solutions from inception to completion to fit client needs. Candidates will collaborate with multiple parts of the firm, including Portfolio Management, Product Strategy, and Client Management and can expect to be involved in both internal as well as client presentations. Applicants should have a strong research background as well as excellent public speaking skills.Desired Candidates Should Possess the Following Characteristics:Strong interest and background in quantitative disciplines; knowledge of asset pricing, economic theory, and optimization methods preferredFormal training in empirical research, especially time series and panel data econometrics; experience analyzing large data sets preferredProficiency in programming; Python, MATLAB, C++, preferredStrong analytical, problem solving, and presentation skillsDemonstrate curiosity and experience in using new emerging technologies and AI tools in your work or school projects to solve problems and drive better outcomesThe PIMCO Internship Experience:The PIMCO Internship is a 10-week program that runs from early June to mid-August, with the expectation that you will be available for the full duration of the programDuring Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for successAlongside your colleagues, participate in PIMCO's Global Month of Volunteering, developed to heighten the impact of our employees' worldwide volunteer effortsJoin us for a variety of cross-divisional education, networking & social events!Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summerYou will gain hands-on experience with AI-powered tools from day one, with training and resources that help build future ready skills and make an impact from the startYou’ll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goalsWant to learn more? Hear about The PIMCO Internship Experience from past internsAs a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locationsWhat to expect during the interview process:After we receive your application, we'll conduct an initial resume reviewIf selected to move forward, you’ll showcase your interests and skills in first-round interviewsFollowing the first-round interviews, you will meet with us during final-round interviews conducted live via video conference. Interviews typically consist of behavioral and technical concepts.Applications for the internship program are reviewed in phases. Candidates are strongly encouraged to apply as early as possible to be considered in the initial review. Later applications received may still be considered; however, due to the high volume of interest, we cannot guarantee that all applications will be reviewed.PIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.For more information on PIMCO and Career Opportunities, please visit https://www.pimco.com/us/en/about-us/careersPIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.Salary: $ 205,000.00Equal Employment Opportunity and Affirmative Action StatementPIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.Applicants with DisabilitiesPIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.