Internship in Investment Engineering (Undergraduate & Master's)

Dimensional Fund Advisors; Austin (TX); On-site; USD 28,000 - 41,000; Part time

Job summary

Dimensional Fund Advisors is seeking an Investment Engineering Intern to join the Investments Team. This nine-week in-person program exposes interns to day-to-day IE group activities, with projects supporting portfolio management, data quality, and automation.

You will apply quantitative reasoning and coding to build tools, define data structures, and analyze portfolios and prospective strategies, gaining visibility into Dimensional’s investment philosophy and reporting processes.

Qualifications

• GPA 3.2 or higher and pursuing an undergraduate or specialized Master’s degree with an expected graduation date December 2027 – June 2028.
• Experience working with data.
• Programming skills in C#, Python, R, Stata, or Java.
• Strong written and oral communication skills.

Responsibilities

• Help manage and distribute quality data and analysis to aid the portfolio management and sales processes;
• Build new tools to enhance investment processes;
• Help define and build data structures for distribution of data to end consumers;
• Perform analysis on portfolios and prospective strategies;
• Contribute to ongoing efficiency efforts through automation, process design, and implementation.

Skills

Data handling

Programming languages

SQL

Education

GPA 3.2+

Undergrad/Master’s student

Tools

T-SQL

SAS

Job description

Job Description

Investment Engineering is part of the Investments Team within Dimensional. Investment Engineering is responsible for ownership of investment data and analysis tools, which means managing said data from acquisition through distribution, driving analysis to create insights from data, and creating the end analysis consumed by internal and external clients and reports. Investment Engineering is a hub group touching numerous areas of the implementation of the investment process and interacting with most other departments within Dimensional.

Job Description

Investment Engineering is part of the Investments Team within Dimensional. Investment Engineering is responsible for ownership of investment data and analysis tools, which means managing said data from acquisition through distribution, driving analysis to create insights from data, and creating the end analysis consumed by internal and external clients and reports. Investment Engineering is a hub group touching numerous areas of the implementation of the investment process and interacting with most other departments within Dimensional.

Responsibilities

This nine-week program will be fully in-person and expose interns to the day-to-day activities of the IE group. Interns will gain an understanding of what it's like to be an IE Analyst at Dimensional, as they will be involved in projects that meet our firm’s current business needs. You will be expected to use your intellect, quantitative reasoning, and computational skills to identify and solve the various problems that arise in a fast-paced environment, working simultaneously on individual projects and team-based initiatives. Depending on what team within the IE group you are assigned to, projects may include the following:

• Help manage and distribute quality data and analysis to aid the portfolio management and sales processes;
• Build new tools to enhance investment processes;
• Help define and build data structures for distribution of data to end consumers;
• Perform analysis on portfolios and prospective strategies; and
• Contribute to ongoing efficiency efforts through automation, process design, and implementation;

This position is best suited for candidates who are interested in learning the broad principles of Dimensional’s investment philosophy and the nuanced application of those principles in our investment process within the group that forms the “engine room” of the firm’s investment and reporting processes.

Qualifications

• Minimum 3.2 GPA and pursuing an undergraduate or specialized Master’s degree with an expected graduation date of December 2027 – June 2028. Preferred fields of study include finance, economics, mathematics, information systems, computer science, data science, physics, and engineering.
• Experience working with data.
• Knowledge of databases and query language (T-SQL, SAS) is highly considered, as pulling data from databases and performing analysis are major components of the job.
• Programming skills (C#, Python, R, Stata, Java) are highly considered.
• Strong logic skills – ability to see the big picture while remaining detail focused.
• Strong written and oral communication skills.

This role is not eligible for immigration sponsorship.

Dimensional offers a variety of programs to help take care of you, your family, and your career, including comprehensive benefits, educational initiatives, and special celebrations of our history, culture, and growth.

It is the policy of the Company to provide equal opportunity for all employees and applicants. The Company recruits, hires, trains, promotes, compensates, and administers all personnel actions without regard to actual or perceived race, color, religion, religious practice, creed, sex, sex stereotyping, pregnancy (which includes pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), caregiver status, gender, gender identity, gender expression, transgender identity, national origin, age, mental or physical disability, ancestry, medical condition, marital status, familial status, domestic partnership status, military or veteran status or service, unemployment status, citizenship status or alienage, sexual orientation, status as a victim of domestic violence, status as a victim of stalking, status as a victim of sex offenses, genetic information, political activities or recreational activities, arrest or conviction record, salary history, natural hairstyle or any other status protected by applicable law except as otherwise required or permitted by law or regulation applicable to the Company or its affiliates.