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2025 Masters Summer Internship – Portfolio Management, Quantitative Research Analyst

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Pimco

Sep 24

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Newport Beach
  • Quick Apply

AI generated summary

  • You must pursue a quantitative Master’s, have a 3.2 GPA, programming skills (Python, C++), and knowledge of finance theory. Strong data handling and analytical skills are essential.
  • You will analyze historic returns, develop alpha models, manage risk, and enhance trade execution by collaborating with portfolio managers across various asset classes.

Requirements

  • Pursuing a Quantitative Master’s degree (financial engineering or other technically demanding program such as theoretical physics or math)
  • Must be able to begin full time employment from a PIMCO office between January 2026 – August 2026
  • Must be enrolled at a university during the Fall 2025 semester (August 2025 – December 2025)
  • Bachelor’s degree focus in Finance, Economics, or other technical degree is preferred.
  • Minimum 3.2 cumulative collegiate grade point average, on a 4.0 scale or the equivalent, at an accredited 4-year college or university
  • Fluent in English (speaking, reading, writing)
  • Interest & background in finance theory, especially portfolio theory, asset allocation techniques, option pricing, and asset pricing.
  • Programming skills and numerical problem solving techniques; training & experience with Python, Matlab, SAS, C++, or other related language. SQL knowledge preferred.
  • Formal training in Econometrics is desired, particularly time series econometrics such as vector auto regression, error correction models, Kalman filtering techniques, etc.
  • Comfortable working with large data sets, both structured & unstructured
  • Good exposure to & knowledge of financial markets
  • Ethical, intellectually curious, collaborative, organized, flexible, high energy, self-starter, accountable, humble

Responsibilities

  • By applying to this role, you will be considered for a position on the Analytics Team within Portfolio Management. The Analytics team works closely with Portfolio Management in providing quantitative input to PIMCO’s investment process by developing models for alpha generation as well as managing risk. The group partners with both discretionary and quantitative portfolio managers across all asset classes. Members of the team work either as experts in individual markets such as e.g. credit, rates, or mortgages, or one of the more cross-market roles such as e.g. asset allocation, portfolio construction, or execution. Technical tasks include performing econometric analyses of historic returns, building empirical and risk-neutral valuation models, applying macroeconomic research, or analyzing large sets of transaction data with a view to improving trade execution.

FAQs

What is the duration of the 2025 Masters Summer Internship?

The PIMCO Internship Program runs from Monday, June 9 – Friday, August 15, 2025.

Where is the internship located?

Internship positions are located at PIMCO’s Newport Beach, CA Headquarters.

What educational background is required for this internship?

Candidates must be pursuing a Quantitative Master’s degree, preferably in financial engineering, theoretical physics or mathematics, and must have a Bachelor’s degree in Finance, Economics, or another technical degree.

What is the minimum GPA requirement for applicants?

The minimum cumulative collegiate grade point average required is 3.2 on a 4.0 scale, or the equivalent at an accredited 4-year college or university.

Are there any programming skills required for this internship?

Yes, candidates should have programming skills and numerical problem-solving techniques, with training and experience in languages such as Python, Matlab, SAS, C++, and preferably SQL.

Does PIMCO provide training for interns?

Yes, every intern begins with a formal week of training through the PIMCO Fundamentals program, alongside informal training throughout the internship.

Will interns have the opportunity for mentorship?

Yes, interns will be teamed with a seasoned professional who will offer guidance and mentorship throughout the internship.

What types of projects will interns work on?

Interns will work on quantitative input for the investment process, including developing models for alpha generation, managing risk, and performing econometric analyses.

What are the desired characteristics for candidates applying to this internship?

Desired candidates should be ethical, intellectually curious, collaborative, organized, flexible, high energy, self-starters, accountable, and humble.

Is there a formal review process during the internship?

Yes, interns will receive feedback at mid-summer and end-of-summer as part of a formal review process to ensure they are on track to meet their goals.

What is the compensation for this internship?

Interns will receive competitive compensation, along with a transition bonus to help with relocation to one of PIMCO’s office locations. The salary for this position is $165,000.

What is the interview process like for the internship?

The interview process includes an initial resume review, a one-way video interview, and final-round interviews conducted live via video conference, typically consisting of behavioral and technical concepts.

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Pimco

Through changing markets & changing times, PIMCO has been a global leader in active fixed income for 50+ years.

Finance
Industry
1001-5000
Employees
1971
Founded Year

Mission & Purpose

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns

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