2027 Summer Internship Program – Trading, New York

Brevan Howard; New York, Northern (NY, KY); On-site; USD 38,000 - 42,000; Full time

Benefits offered by this job

Housing stipend

Internship completion bonus

Mentor program

Social events

Job summary

Brevan Howard invites penultimate-year undergraduates, master's or PhD students to join a 10-week Summer Internship Program in New York. You’ll build data pipelines, develop models and signals, and support Portfolio Managers with analytics and AI-powered tools.

The program includes training, mentoring, and exposure to a leading macro hedge fund environment. Compensation is based on an annualized $200,000 salary prorated for the 10-week duration, plus a housing stipend and an internship

Qualifications

• Penultimate-year undergrad/1st-year Master/PhD student eligible to graduate before July 2028.
• Strong mathematical and quantitative skills; proficient in Excel, VBA, R, AI/ML.
• Interest in financial markets, trading and financial products.
• Ability to work independently and in a team.
• Entrepreneurial mindset and strong English communication.

Responsibilities

• Build pipelines to extract and analyze data.
• Develop models and trading signals for Portfolio Managers.
• Support decision-making with analytics.
• Integrate AI into analytics systems and tools.
• Contribute to core analytics library used by quants and PMs.
• Participate in talks, mentorship and networking events.

Skills

Quantitative skills

Excel

VBA

R

Machine Learning

AI tools

English communication

Team collaboration

Entrepreneurial mindset

Education

Penultimate-year undergraduate/1st-year Master/PhD student

Tools

Python

Job description

The Opportunity

The Opportunity If you enjoy applying your quantitative and ML skills to real-world problems, coding production-quality analysis and tools, and working in a fast-paced environment with immediate and tangible feedback, our Summer Internship Program is ideal for you. At Brevan Howard, we build systematic and discretionary investment processes that rely on rigorous analysis of a vast universe of data, such as asset prices, macroeconomic indicators, news, sell-side research, and trading signals. Transforming this data into actionable insights is central to how we win, and we’re looking to find the next generation of portfolio managers and quants through our internship program—people who are eager to push the frontier of research and engineering in global macro investing.

Overview & Responsibilities

You will work directly with our front-office personnel to provide immediate impact on a range of projects: Build pipelines to extract and analyze data, develop models and trading signals, and support decision-making of Portfolio Managers. Integrate AI into analytical systems as well as building new AI-powered tools using the latest LLMs and agent workflows. Contribute to our core analytics library, which is leveraged by Quants and PMs across the firm for research, trading and risk management. Our Internship Program starts with one-week in-depth training to prepare interns for the desk. This covers a range of topics relating to Financial Markets including Macroeconomics, FX, Digital Assets, Interest Rate Derivatives, Equity Rates, Bonds, Credit and Fixed Income, Trading Strategies, Risk Management, Excel and Python, and the latest AI tools and LLMs. During the program, working in a fast-paced environment, interns will contribute to their Portfolio Management teams on various projects that can include developing trading strategies/signals, building foundational market models, and researching novel trade ideas. Additionally, interns will benefit from key talks, a mentor program, social events and interactions with some of the most respected and talented individuals in their field. Interns will have the ability to use leading LLMs for coding and research, understand how they interact with underlying data sources, and leverage the full AI stack to develop tools, conduct research, and generate trade ideas. This internship is devised to provide candidates with an invaluable education on the workings of a macro hedge fund and the regulatory environment through a two-way process to determine if Brevan Howard and the intern are a compatible fit. The goal of our summer internship program is to convert top performing interns to our 2028 Graduate Program.

Qualifications & Requirements

• A penultimate year undergraduate/junior or 1st year master's or PhD student at a recognized University — completed and awarded before July 2028.
• Strong mathematical, quantitative, problem-solving capabilities, and technical skills (Excel, VBA, R, AI and ML techniques).
• An interest and passion for financial markets, trading, and financial products.
• The ability to work independently and collaboratively as part of a team.
• An entrepreneurial spirit.
• Strong written and verbal communication skills in English.

Why take this opportunity

This is a unique opportunity to gain insight into one of the world’s leading firms operating at the forefront of macro trading. At Brevan Howard, we believe the future of investing lies at the intersection of deep domain expertise and cutting-edge technology. As our industry is being reshaped by AI and automation, you’ll see first‑hand how LLMs, retrieval, and agent‑like systems are being used in the front‑office environment at one of the world’s premier macro hedge funds – where correctness, robustness and speed matter. Top‑performing interns are considered for our Graduate Program the following year and longer‑term paths include roles as analyst, quant, and portfolio manager.

Compensation

Compensation for this internship is based on an annualized salary of $200,000, prorated for the 10-week duration of the program. All interns also receive a housing stipend and an internship completion bonus.

We’ve moved.

Who we are

Brevan Howard Investment Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds. Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003. The firm currently manages over $34bn and engages predominantly in discretionary directional and relative value trading in fixed income, FX markets, and equities. BH Digital, a division within Brevan Howard that manages crypto and digital asset strategies was launched in 2022. The firm currently employs over 1,050 personnel worldwide, including over 400 investment professionals. This global presence gives Brevan Howard the ability to identify and source attractive investment opportunities, as well as investment management talent wherever they may be. Brevan Howard has won several industry awards for excellence in risk management, operational robustness, and investment performance. The firm’s main hubs are in London, Jersey, Geneva, New York, Austin, Hong Kong, Singapore, Abu Dhabi and Bengaluru.

Why Join Our Team

We combine a dedication to meeting our clients’ needs with a commitment to our people. At Brevan Howard, you will find the dynamism and entrepreneurial spirit of a small firm with the infrastructure, technology and support of a large organisation. We are always looking for exceptional talent to join our global community. From undergraduates to experienced professionals, we look for individuals who are intellectually curious, passionate and share our mission and principles.

Diversity and Inclusion

Brevan Howard is committed to being an inclusive employer and encourages applications from all suitably qualified individuals without regards to race, colour, religion, origin, age, sexual orientation, physical/mental disability/ long term health condition, marital status, gender expression or any other characteristic protected by law in the jurisdictions we operate.