Intern - Quantitative Research, Principal Asset Allocation (Undergrad or Graduate - Summer 2027)
About The Position
This Summer 2027 Quantitative Analyst Intern will support quantitative research and portfolio analysis for systematic multi-asset investment strategies. The intern will work closely with the investment team on research, data analysis, model evaluation, and portfolio analytics across global equities, fixed income, currencies, and commodities. Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Requirements
- Currently pursuing a Bachelor’s, Master’s, or PhD degree in Financial Engineering, Finance, Economics, Mathematics, Statistics, Computer Science, or a related quantitative field
- Proficiency in Python; familiarity with SQL
- Strong interest in quantitative investing, financial markets, and global macro/multi-asset investment strategies
- Strong analytical and problem-solving skills, with the ability to work with large and complex datasets
- Availability to work full-time and onsite in New York City, NY, or Des Moines, IA during Summer 2027
Nice To Haves
- GPA of 3.5 or higher
- Previous internship, research, or project experience related to investments, quantitative research, asset management, or financial markets
- Familiarity with financial derivatives (e.g., options and futures) and an understanding of how they are used to manage risk and support investment decisions
- Chartered Financial Analyst (CFA) candidate
- Experience with Bloomberg, FactSet, or similar financial data platforms
- Experience conducting quantitative research and backtesting investment strategies, particularly strategies involving futures, forwards, or other derivatives
- Familiarity with statistical analysis, time-series analysis, or quantitative modeling
- Strong written and verbal communication skills, including the ability to clearly communicate quantitative research and investment insights
- Candidates with advanced quantitative coursework or relevant research/project experience are especially encouraged to apply
Responsibilities
- Conducting quantitative research and analyzing financial and macroeconomic data
- Supporting the development, testing, and evaluation of systematic investment signals and portfolio models
- Performing backtesting, performance attribution, risk analysis, and portfolio diagnostics
- Working with large financial datasets and helping improve research and analytical workflows
- Summarizing research findings and presenting results to portfolio managers and investment team members
Benefits
- Paid company holidays
- Lump sum stipend of $4,000
- Tax gross-up on stipend
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Education Level
No Education Listed
