Quantitative Investment Analyst

Vanguard • Malvern, PA

64d

About The Position

Join Vanguard's Investment Strategy Group (ISG) to build and apply quantitative return‑forecasting models that shape our capital markets outlook and portfolio strategy over multiple time horizons. You'll do mission‑driven work with a collaborative team that invests in your learning and long‑term growth. As a Quantitative Investment Analyst, you will support senior strategists and analysts in building and improving empirical asset return and forecasting models, conducting market and economic research, and turning analysis into clear insights for internal partners and external clients. This role is a hands‑on entry point into ISG's research pipeline with meaningful opportunities to grow technical depth and communication skills while contributing to the team's forecasting and portfolio‑strategy work.

Requirements

• Bachelor's degree or equivalent practical experience in quantitative/economic analysis.
• Interest in pursuing or progress towards CFA or graduate degree in quantitative finance, economics, or statistical field.
• Experience with quantitative analysis, econometrics, and/or data science (coursework, research, internship, or industry) and working familiarity with statistical/econometric tools.
• Proficiency in Python, MATLAB, R, or similar is welcome and can be developed on the job.
• Strong quantitative reasoning, attention to detail, and the ability to transform data into clear insights.
• Written and verbal communication skills to create impactful memos, charts, and presentations for internal and external audiences.
• Ability to manage multiple assignments independently while collaborating in a team research environment.
• Experience assembling forecasting pipelines (data ingestion → feature engineering → model estimation → reporting).
• Ability to formulate and deliver research projects from scoping to literature review, analysis, and implementation.
• Interest in communicating with clients through in-person and virtual ambassadorship events on Vanguard's economic, market, and portfolio outlooks.

Nice To Haves

• Preferred experience with analytical and statistical tools, with exposure to the investment management industry.

Responsibilities

• Data & modeling support: Work under the guidance of senior analysts to help design data‑gathering approaches; clean, organize, and analyze large datasets; and assist in the development and testing of return‑forecasting and related quantitative models.
• Applied research: Conduct literature reviews and empirical analyses on investment and macroeconomic topics that support ISG research roadmaps and internal partner requests. Summarize findings and implications.
• Insight generation: Draft concise takeaways, exhibits, and recommendations from your analyses; participate in research meetings to debate issues and refine methods.
• Methodology contributions: Contribute to periodic reviews and enhancements of the team's investment methodology and research inventory, documenting code, assumptions, and results.
• Stakeholder support: Prepare presentation materials, talking points, and internal commentary; respond to ad‑hoc research questions from supported groups (e.g., advice delivery or investment teams).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Funds, Trusts, and Other Financial Vehicles
• Number of Employees: 5,001-10,000 employees