PhD Quant Research Intern — Portfolio Management

pimco; Newport Beach (CA); On-site; USD 40,000 - 54,000; Full time

Benefits offered by this job

Relocation bonus

Competitive compensation

Job summary

PIMCO invites Ph.D. candidates in quantitative fields to join the PM Analytics team for a 10-week summer internship in Newport Beach, CA. You will work on alpha generation, risk modeling, and empirical research under mentorship, applying advanced econometric methods and AI tools from day one.

The program runs early June to mid-August; relocation support is provided and you will present your findings to the team at the end of the internship.

Qualifications

• Ph.D. candidate from a top program in quantitative fields (Finance, Econ, Stats, CS, OR, Physics, or Math).
• Expected Ph.D. graduation between Dec 2027 and Jun 2028.
• Business proficiency in English.

Responsibilities

• Conduct econometric analyses of historical returns to inform alpha generation and risk management.
• Develop empirical and risk-neutral valuation models; apply macroeconomic research.
• Analyze large transaction datasets to enhance trade execution and portfolio construction.
• Collaborate with Portfolio Management to support cross-market roles and asset allocation.

Skills

Quantitative disciplines

Python programming

C++ knowledge

Asset pricing

Fixed income markets

Econometrics (time series/panel)

Education

Ph.D. candidate from a top program

Tools

Python

C++

Job description

PIMCO invites Ph.D. candidates in quantitative fields to join the PM Analytics team for a 10-week summer internship in Newport Beach, CA. You will work on alpha generation, risk modeling, and empirical research under mentorship, applying advanced econometric methods and AI tools from day one.

The program runs early June to mid-August; relocation support is provided and you will present your findings to the team at the end of the internship.