2028 Investment Associate Intern - Macro Investing Immersion

Bridgewater Associates; New York (NY); Vor Ort; USD 391.000 - 416.000; Vollzeit

Benefits dieser Stelle

Housing

Zusammenfassung

Bridgewater Associates, LLC seeks top talent for its Investment Associate internship in New York. Interns work on macroeconomic research questions and contribute to building investment systems, with exposure to market views and a real investment process.

You’ll engage in projects that range from trading rate concepts to quantitative indicators, while training through Bridgewater’s framework and tools. Housing is included for interns.

Aufgaben

• Work on real macroeconomic research questions.
• Develop new concepts for trading rates and market signals.
• Build expertise on policy drivers affecting markets.
• Design approaches using LLMs to turn qualitative linkage into quantitative indicators.
• Create AI productivity tools to automate parts of investment research.

Jobbeschreibung

For 50 years, Bridgewater has pursued one idea: the world can be understood. Markets and economies follow cause-and-effect relationships—and by understanding them, we think we can beat the markets and generate true uncorrelated returns ("alpha") at significant scale. Our clients include some of the world’s most sophisticated institutional investors who turn to us to use our unique insights to solve their biggest problems.

We are looking to hire great talent for our Investment Associate roles. Does this sound like you?

Our investment associates are the core team responsible for generating our macro and market insights, building our investment systems, and overseeing our portfolios. They are:

• **Relentlessly, obsessively—curious.** To beat markets, you must have unique insight—but markets are always learning. We need individuals fiercely driven to understand how the world works, uncovering new logical relationships, testing and exploring new data sources, and consistently trying to expand their understanding and constantly improve.
• **Deeply independent—bordering on iconoclastic—thinkers.** For decades, Bridgewater has been studying markets and economies and reflecting our best understanding in our investment systems. We need independent-minded individuals who will come in and tell us why what we’re doing and thinking is wrong—and be right about it.
• Conceptual and analytical. We need people who are excited by both the challenge of understanding abstract concepts and the challenge of translating insights into quantifiable measures in a systematic investment process. They can solve the individual problems they face, but can also abstract up a level, in order to develop repeatable logic that can be put into an investment system, or direct agents to solve similar problems at a much greater scale and faster pace.
• **Able to draw insights from a wide variety of backgrounds.** Our investment approach draws from multiple disciplines—most obviously economics and finance—but also computer science, mathematics, statistics, political science, history, natural science, and more. To that end, our Investment Associates also come from a wide variety of backgrounds and are also unusually flexible thinkers.
• People who love collaborating, have a ton of grit, and are determined to grow rapidly. How we interact with each other is crucial to our success. The problems we must solve are so hard and multifaceted that they require continuous, intense collaboration and exploration of ideas. Grit is also essential—many of the problems we try to solve don’t have immediate or clear answers and wrestling through to the truth alongside others takes enormous perseverance. We need people who strive to constantly push themselves and each other to be their best and improve every week, to arrive at truth without ego or politics. If you prefer to work as an individual, this is not for you. If the pain of being pushed to evolve each day doesn’t excite you, this is not for you.

What can I expect in an Investment Associate summer internship?

Our goal is to provide interns with real and meaningful exposure to a fundamental and systematic investment process. As Investment Associates, we live and breathe markets and want our interns to have the chance to do the same. We hate the concept of “busy work” and try to make the internship as real of a window as possible. Most central to that effort are the projects you’ll work on, which are real, live questions our investors are wrestling with, and designed to give you exposure to what it’s like to build compounded understanding. Projects can take many forms, examples include: answering a macroeconomic research question, developing a new concept for trading rates, building niche expertise on a particular policy driving markets, designing a new way of using LLMs to turn qualitative logical linkage into quantitative systematic indicators, or building an AI productivity tool that automates part of the investment research process.

From the first week of the internship, you’ll be expected to form your own macroeconomic and market views—including the opportunity to bet with your intern compensation and enter “positions” in actual markets Bridgewater trades, where Bridgewater will take the other side, using our in-house Investor Track Record tool.

Throughout the internship, you’ll also receive world‑class markets and macroeconomic training via an abridged version of our first year Investment Associate class. This will cover the foundational frameworks, introduction to analytical methods we use in our research, and exposure to our technology stack. Our training ecosystem is designed so that anyone willing to put in the work can get the knowledge and skills they need to succeed in the internship and get a taste of what it’s like to be a real macro investor.

Compensation

Total compensation for this position is $71,000 for the 8‑week internship (less applicable deductions and withholdings), including a sign on bonus. In addition, our compensation package includes housing.

This job description is not a contract and confers no contractual rights, privileges, or benefits on any applicant or potential applicant. Bridgewater has the right to change any and all terms of this job description, including, but not limited to, job responsibilities, qualifications and benefits. Nothing in this job description constitutes an offer or guarantee of employment.

The Investment Associate Intern position requires the candidate is eligible to work in the United States for a minimum of 3 years from the candidate’s start date. H‑1B visa sponsorship and support for post‑graduation optional practical training is available only to candidates with a degree in the science, technology, engineering and mathematics (STEM) fields.

Bridgewater Associates, LP is an Equal Opportunity Employer.

Macro Investing Immersion Event

We are looking to build our next generation of investor talent . Markets are always learning; we need individuals obsessed with understanding how the world works, uncovering new logical relationships, exploring and testing new data sources, systemizing that insight, and constantly improving.

For candidates applying to our 2028 Investment Associate Internship, we are inviting a select few to a full‑day experience at our New York City Office. The event will provide a window into to our fundamental and systematic approach, as well as give candidates an opportunity to discuss their market views directly with our most senior investors and receive live feedback and coaching.

Key Highlights Include:

• Gain a practical introduction to Bridgewater’s investment process with Ben Melkman
• Participate in a live trading game and trade pitch workshop guided by our Investment Associates
• Connect with senior leaders and other investors on career paths and our culture