Quantitative Investment Analyst at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Finance, Investment ManagementIndustries

Requirements

Bachelor’s degree or equivalent practical experience in quantitative/economic analysis
Interest in pursuing or progress towards CFA or graduate degree in quantitative finance, economics, or statistical field
Preferred experience with analytical and statistical tools, with exposure to the investment management industry
Experience with quantitative analysis, econometrics, and/or data science (coursework, research, internship, or industry) and working familiarity with statistical/econometric tools
Proficiency in Python, MATLAB, R, or similar (can be developed on the job)
Strong quantitative reasoning, attention to detail, and the ability to transform data into clear insights
Written and verbal communication skills to create impactful memos, charts, and presentations for internal and external audiences
Ability to manage multiple assignments independently while collaborating in a team research environment
Experience assembling forecasting pipelines (data ingestion → feature engineering → model estimation → reporting)
Ability to formulate and deliver research projects from scoping to literature review, analysis, and implementation
Interest in communicating with clients through in-person and virtual ambassadorship events on Vanguard’s economic, market, and portfolio outlooks

Responsibilities

Data & modeling support: Work under the guidance of senior analysts to help design data-gathering approaches; clean, organize, and analyze large datasets; and assist in the development and testing of return-forecasting and related quantitative models
Applied research: Conduct literature reviews and empirical analyses on investment and macroeconomic topics that support ISG research roadmaps and internal partner requests. Summarize findings and implications
Insight generation: Draft concise takeaways, exhibits, and recommendations from your analyses; participate in research meetings to debate issues and refine methods
Methodology contributions: Contribute to periodic reviews and enhancements of the team’s investment methodology and research inventory, documenting code, assumptions, and results
Stakeholder support: Prepare presentation materials, talking points, and internal commentary; respond to ad-hoc research questions from supported groups (e.g., advice delivery or investment teams)

Skills

Quantitative Modeling

Data Cleaning

Data Analysis

Empirical Analysis

Economic Research

Forecasting Models

Literature Review

Statistical Testing

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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