PIMCO

Position Title/Short Description

Full Text of JOE Listing:

2026 PhD Summer Intern – Quantitative Portfolio Management

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.

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

Eligibility Criteria:

To apply, you must meet the following requirements:

Ph.D. candidate from a top program in quantitative fields such as Finance, Economics, Statistics, Computer Science, Operations Research, Physics, or Mathematics.

Expected graduation from the Ph.D. program between December 2026 and June 2027

Business proficient in English.

Quantitative Portfolio Management
The Quant PM team develops and manages systematic investment strategies spanning managed futures, alternative risk premia and quantitative alpha. Covering varied asset classes including Rates, FX, Equities, Commodities and Vol, Quant PMs are involved in the entire life cycle of the investment process: starting from idea generation, signal testing, portfolio construction, all the way through to deployment and portfolio management. Candidates can expect to work on projects which include alpha research on new signals, enhancement and extension of existing signals, transaction cost analysis, portfolio construction, and optimization.

Desired candidates should possess the following skills and characteristics:

A strong interest and background in quantitative disciplines, with knowledge of asset pricing, economic theory, optimization methods, and fixed income markets preferred.

Formal training in empirical research, particularly in statistics and econometrics, with experience in analyzing large unstructured real-world datasets preferred.

Proficiency in programming, with a strong preference for Python.

Excellent analytical and creative research skills with the ability to independently drive projects

Exceptional writing and verbal communication skills

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.