2026 PhD Summer Intern – Portfolio Management, Quantitative Research Analyst at PIMCO

Newport Beach, California, United States

Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Investment Management, Fixed Income, Asset ManagementIndustries

Be a Ph.D. candidate from a top program in quantitative fields such as Finance, Economics, Statistics, Computer Science, Operations Research, Physics, or Mathematics
Must be able to begin full time employment at a PIMCO office between January 2027 – August 2027
Must be enrolled at a university during the Fall 2026 semester (August 2026 – December 2026)
Have business proficiency in English
Strong interest and background in quantitative disciplines, with knowledge of asset pricing, fixed income markets, economic theory, and optimization methods preferred
Formal training in empirical research, particularly in time series and panel data econometrics, with experience in analyzing large datasets preferred
Proficiency in programming, with a strong preference for Python; knowledge of C++ is also beneficial
High energy, a results-driven mindset, and strong analytical, problem-solving, and communication skills

Collaborate closely with Portfolio Management to provide quantitative inputs to PIMCO’s investment process
Develop models for alpha generation and risk management
Specialize in specific markets (e.g., credit, rates, mortgages) or take on cross-market roles such as asset allocation, portfolio construction, or execution
Conduct econometric analyses of historical returns
Build empirical and risk-neutral valuation models
Apply macroeconomic research
Analyze extensive transaction data to enhance trade execution
Complete an assigned project under the mentorship of a supervisor and peer mentor
Present findings to the team at the conclusion of the internship