2025 Masters Summer Internship - Portfolio Management, Quantitative Research Analyst

PIMCO - Newport Beach, CA

Full-time - Intern

Newport Beach, CA

Management of Companies and Enterprises

About the position

The 2025 Masters Summer Internship in Portfolio Management at PIMCO is designed for students pursuing a Quantitative Master's degree. This internship offers a unique opportunity to work within the Analytics Team, contributing to PIMCO's investment process by developing quantitative models for alpha generation and risk management. Interns will receive formal training, mentorship, and hands-on experience in a collaborative environment, preparing them for a successful career in finance.

Responsibilities

• Develop quantitative models for alpha generation and risk management.
• Perform econometric analyses of historic returns.
• Build empirical and risk-neutral valuation models.
• Apply macroeconomic research to investment strategies.
• Analyze large sets of transaction data to improve trade execution.

Requirements

• Pursuing a Quantitative Master's degree (financial engineering or related field).
• Must be able to begin full-time employment between January 2026 - August 2026.
• Must be enrolled at a university during the Fall 2025 semester.
• Bachelor's degree in Finance, Economics, or a technical degree preferred.
• Minimum 3.2 GPA on a 4.0 scale at an accredited institution.
• Fluent in English (speaking, reading, writing).

Nice-to-haves

• Interest in finance theory, especially portfolio theory and asset allocation techniques.
• Programming skills in Python, Matlab, SAS, C++, or related languages; SQL knowledge preferred.
• Formal training in Econometrics, particularly time series econometrics.
• Comfortable working with large structured and unstructured data sets.
• Good exposure to financial markets.

Benefits

• Competitive compensation
• Transition bonus for relocation
• Formal training program
• Mentorship from seasoned professionals
• Networking and social events
• Feedback and performance reviews throughout the internship.