PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

2024 Winternship - Quant Research Analyst, Client Analytics

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

Requirements:

Quantitative Master’s degree (financial engineering or other technically demanding program such as theoretical physics or math) with an expected graduation date of December 2024 - June 2025
Strong interest in any of the following areas:
- Finance theory (especially portfolio theory and asset pricing)
- Econometrics (particularly time series)
- Data science and machine learning
Excellent programming skills (preferably Python or Matlab)
Strong communication and writing skills
Good exposure to and knowledge of financial markets
Fluent in English (speaking, reading, writing)

Desired candidates should possess the following skills and characteristics:

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

Client Analytics

The client analytics team produces innovative thought leadership and quantitative research for PIMCO’s clients. Candidates can expect to publish research pieces on relevant market themes, construct bespoke investment solutions, and develop platforms and applications to better analyze client portfolios. The team’s research topics are broad-ranging adapting to market trends and client interest. Recent publications include views on inflation, the role of fixed income in a low yielding environment, private asset risk and performance, smart beta emerging market portfolios, and retirement planning. Candidates should be hands-on creative thinkers able to build research and investment solutions from inception to completion to fit client needs. Candidates will collaborate with multiple parts of the firm, including Portfolio Management, Product Strategy, and Client Management and can expect to be involved in both internal as well as client presentations. Applicants should have a strong quantitative background as well as excellent public speaking skills.

Key responsibilities would include:

Working on innovative research in asset allocation, portfolio optimization, trading signals, asset returns and valuation
Contributing to highly customized asset allocation and portfolio construction studies for key clients
Designing, developing, and improving the suite of client analytics models and applications

Program Details

Program runs 10 weeks; October 14 – December 20, 2024
Winternships will begin with on the desk training
Formal mentor program
Formal reviews/feedback at mid-point and end-of-program

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.