BlackRock Hiring Quantitative Masters Internship

About this role

BlackRock's Quantitative Master's Internship Program mirrors the MBA Internship but is tailored for master's students in quantitative disciplines. It offers the same exposure and impact, with a focus on advanced analytics and problem-solving.

We are looking for the next generation of quantitative investors. Opportunities span quantitative research, portfolio management, product strategy, and investment technology.

BlackRock Systematic is one of the largest quantitative investment managers in the world, with over $200bn in assets under management and 35+ years of systematic investing experience. We manage hedge funds, long-only active products, and outcome-focused portfolios across a wide range of asset classes, geographies, and time horizons.

We are constantly evolving to sustain our leadership position in quantitative investing, searching to unlock new opportunities presented by emerging technologies in machine learning and artificial intelligence paired with big(ger) data. We are a pioneer in sustainable investing, a leader in cutting-edge quantitative techniques, and passionate about delivering creative investment solutions for our diverse client base.

Our team spans 200+ professionals from an array of professional, academic, and cultural backgrounds, speaks 25+ different languages, and collaborates across our San Francisco, New York, and London offices. The team's curiosity, diversity, and ingenuity drive innovation and insight with the goal of delivering investment returns for clients.

Teams you may be considered for

Factors, Sustainability and Solutions (FS2)
FS2 combines research and investment expertise across the BlackRock Systematic Investment platform to drive product innovation, product research, and client engagement. Products and client solutions range from systematic return-seeking to factor-based, sustainability, and outcome-oriented, spanning all asset classes. We constantly identify new product opportunities and develop unique investment models to best serve our clients.

Systematic Active Equity
A pioneering quantitative investment team comprised of industry leaders that applies powerful machine learning techniques to active equity investment strategies. We apply data such as today's trading activity, internet searches, next year's economic forecasts, and long-term demographic trends to construct optimal high-breadth portfolios across global public equity markets. We partner with top academics to ensure our research techniques are at the forefront of machine learning and artificial intelligence. We constantly look for ways to improve our processes and generate more alpha for our clients.

Systematic Fixed Income
A global, multi-asset investment team that combines financial theory, econometrics, market sentiment, and groundbreaking statistical techniques to generate alpha across sovereign, corporate, and securitized debt instruments. We build and deploy quantitative models that pick up on market trends and capitalize on relative value opportunities across geographies, sectors, and time horizons. The team continuously adapts our investment platform and model suite to a constantly evolving investment landscape.

This function is known for

• Collaborative, innovative, and inquisitive culture: we strive to solve the most complicated problems in investing.
• Breadth of opportunity set: we invest globally across multiple asset classes, including equities, fixed income, commodities, currencies, and private investments.
• Varied perspectives as a core competitive advantage: our team comprises a wide range of academic and professional backgrounds, represents dozens of nationalities, and speaks 25+ different languages.
• Multidisciplinary ecosystem: research, portfolio management, technology, and strategy collaborate seamlessly to deliver the best outcomes for our clients.
• Client focus: our clients are our partners, and we are deeply invested in their well-being and success.
• Sustainability: our approach is rooted in our fiduciary duty to our clients, providing choice backed by research, data, and analytics to produce the best risk-adjusted returns within client mandates.

What capabilities are we looking for?

• Passion for quantitative investing
• Strong technical problem-solving skills
• Ability to write efficient, effective computer code (Python)
• Experience with translating statistical models and algorithms into code
• Comfort in working with large datasets
• Inquisitive nature, desire to learn, and critical thinking
• Effective communication and collaboration skills
• Curiosity, critical thinking, learning agility, and sound judgement in technology-enabled decision making, coupled with an enthusiasm for AI, emerging technologies, and continuous innovation

Your learning and development will include

• Contributing to the function's knowledge base by working on investment or client-related projects
• Joining daily market-related updates, learning about how our portfolios trade and react to market events
• Collaborating across multiple business functions to learn the research and product life cycles and our strategies for continued growth
• Developing an understanding of capital markets, return drivers, and economic theory
• Learning about our clients and their investment strategies; assisting in guiding investors toward achieving their unique investment goals by applying our technology and tools
• Being part of an innovative, dynamic, diverse team culture and learning from some of the best minds in the business

Our benefits

To help you stay energized, engaged, and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO) so you can relax, recharge, and be there for the people you care about.

Our hybrid work model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person, aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes, and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment: the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued, and supported with networks, benefits, and development opportunities to help them thrive.