Internship in Investment/Strategy Research (Undergraduate & Master's)

Dimensional Fund Advisors; Austin (TX); Hybrid; USD 9,000 - 11,000; Full time

Benefits offered by this job

Comprehensive benefits

Educational initiatives

Cultural celebrations

Job summary

Dimensional Fund Advisors invites top students to join a summer 2027 internship in its Research Department. The nine-week, in-person program exposes interns to daily research activities, analysis, and collaboration across teams.

You will tackle projects that align with current business needs, using quantitative reasoning and programming to advance investment research. Open to undergraduates and specialized Master's candidates in finance, economics, math, statistics, CS, physics, engineering, and

Qualifications

• Minimum 3.2 GPA and expected graduation December 2027–June 2028.
• Preferred fields include finance, economics, math, stats, CS, physics, engineering or related quantitative fields.
• Excellent quantitative problem-solving and analytic skills.
• Ability to communicate financial/economic concepts clearly, both orally and in writing.
• Self-starter capable of managing multiple projects and meeting deadlines.
• Strong programming skills in one or more languages such as C#, C++, Fortran, R, Python, or Stata.
• Experience doing empirical research with large datasets.

Responsibilities

• Perform analysis on portfolios and prospective strategies.
• Execute and analyze simulations for asset pricing models and economics studies.
• Conduct empirical research related to Dimensional’s investment strategies and topics.
• Review relevant academic papers and present findings to internal teams.
• Collaborate with investment and client services to answer questions.

Skills

Quantitative reasoning

Analytical skills

Communication

Self-motivation

Teamwork

Education

Undergraduate or Master’s candidate

Tools

C#

C++

Fortran

R

Python

Stata

Job description

Job Description: The Research Department at Dimensional is integral both in the successful day to day functioning of the firm and in developing Dimensional's long-term strategy. The team produces high-quality, thought-leadership research on investments and financial markets that is of interest to clients. The team also leads the development of the firm's investment approach, the application of that approach through portfolio management and trading, and the implementation of technology solutions that make the investment process more efficient. Our team is seeking students from top tier academic programs to intern in the summer of 2027. The Internship offers an opportunity to work on intellectually rigorous and stimulating challenges and provides real life experience into the different aspects of research at Dimensional. The Internship is open to students in finance, economics, mathematics, statistics, computer science, physics, engineering, and other related quantitative fields who expect to complete their degree in December 2027-June 2028.

This nine-week program will be fully in person and expose interns to the day to day activities of the Research group. Interns will gain an understanding of what it's like to be a Research 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 issues that arise in a fast paced environment, working simultaneously on individual projects and team-based initiatives. Depending on what team within Research you are assigned to, projects may include the following:

Responsibilities

• Perform analysis on portfolios and prospective strategies
• Execute and analyze simulations for research on asset pricing models and economics studies
• Conduct empirical research related to Dimensional’s investment strategies and a variety of investment topics
• Review relevant academic papers and present findings to internal research teams
• Work with other members of the investment and client services teams to answer internal and client questions

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, statistics, computer science, physics, engineering, or other related quantitative fields.
• Excellent quantitative problem-solving and analytic skills.
• Ability to communicate financial and economic concepts, in both oral and written form.
• Self-starter who can manage multiple projects and meeting deadlines.
• Strong programming skills in one or more languages, such as C#, C++, Fortran, R, Python, or Stata.
• Experience doing empirical research with large datasets.

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.

At Dimensional, we want to change the way the world thinks about investing. As a leading global investment firm, we offer systematic, value-added investment solutions based on robust science and thoughtful implementation.

Our global team includes more than 1,600 passionate people with diverse experiences, education, strengths, and talents.

With a learning mindset rooted in academia and powered by the great ideas in finance, we pursue what we believe are the strongest investment solutions, while providing a world-class client experience.

Every employee plays a role in delivering these experiences, and we know we can achieve the most when we work as a team to endeavor to help improve investors’ lives.

For more information about Dimensional and our current opportunities, please visit our Careers site.

Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.

Dimensional sees great value from collaborating in our offices and appreciates the benefits of flexibility. Most roles fit our office-first hybrid approach: We are together on our campuses Tuesdays, Wednesdays, and Thursdays and have the choice to work in the office or remotely, depending on what is best for that work day, on Mondays and Fridays. This approach maximizes in-person collaboration and interaction while simultaneously providing flexibility and applies to most roles globally with a few exceptions that require more or less time in the office.

Here at Dimensional, we strive to be an inclusive workplace for all.

The use of Artificial Intelligence during interviews and skill testing is prohibited, unless Dimensional Fund Advisors has authorized such use.

If you require reasonable accommodation in completing this application, interviewing, or otherwise participating in the employee selection process, such accommodation is available upon request.