Portfolio Analyst Internship Jobs (NOW HIRING)

About AQR Capital Management

AQR is a global investment firm built at the intersection of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio management since 1998.

 At AQR, our employees share a common spirit of academic excellence, intellectual honesty and an unwavering commitment to seeking the truth. We're determined to know what makes financial markets tick - and we'll ask every question and challenge every assumption.  We recognize and respect the power of collaboration and believe transparency and openness to new ideas leads to innovation.

The Internship Program

Our 10-week summer program puts real work of the firm in your hands. You will work alongside brilliant people, gain insights and know-how from our Quanta Academy Summer Term curriculum, and experience what it's like to work at the pinnacle of global, systematic investing.

Learning is the cornerstone of our culture and plays an active role in the internship experience - through daily collaboration and interaction with employees at all levels, in workshops and classes, and most significantly by working on projects that matter to the many clients we serve. Our unique AQR Quanta Academy: Summer Term learning series, a structured program, consists of over 40 hours of educational, skill-building and networking events.

Your Role

AQR is looking for exceptionally talented undergraduates to join our Product Specialist team as Summer Analysts. Our interns experience life as a Product Specialist. These teams play a key role bridging AQR's portfolio management and research process to other functional areas, particularly business development. They are an integral part of initiatives to create, market and manage specific AQR products. Product specialist teams are integral to processes related to new product research and development, creating content for new and customized internal and external presentations, new account onboarding, portfolio implementation monitoring, performance analysis, and interactions with existing clients and prospects.  Product specialists serve as portfolio management team representatives in interactions with the rest of the firm including portfolio implementation, trading, business development, legal, compliance, risk, operations and marketing teams. Through this collaboration, product specialist teams have in-depth knowledge of the strategies they cover and are expected to be in-house experts of their respective products.

This role will support senior specialists on producing and sharing customized analytics for client portfolios internally and externally. Advanced technical skills and analytical ability, strong communication skills, and interest in the needs of our clients and business is required.

(Please note this position is separate from our Research internship. Product Specialists do not conduct signal research or similar portfolio construction work.)

Our Summer Analysts will learn and support members of the team in areas including:

• Client communication:
  • Prepare client-ready written responses to investment questions spanning a variety of topics: e.g., investment philosophy, investment process, performance, performance drivers, portfolio characteristics, etc.
  • Create and help improve presentations, review materials and collateral for pitching new business
    
• Investment monitoring and analysis:
  
  • Analyze portfolio performance using existing tools, and contribute to the development of new monitoring tools
  • Conduct custom portfolio analysis to address questions from clients or senior investment professionals
  • Present portfolio analysis results to product and portfolio teams
    
• Sample projects:
  • Analyze how and why specific investment themes, or industries or country exposures contributed to overall performance
  • Create pro-forma portfolios and assess their alpha contribution after controlling for standard factors such as value, size and momentum
  • Analyze how market dynamics, investment themes, industry and country exposures, and specific assets drove performance outcomes

What You'll Bring

• December 2027 or Spring 2028 graduate in a quantitative field (e.g. Finance, Economics, Computer Science, Math, Engineering, etc.) with a desire to work in the financial services industry
• Programming skills; Python highly preferred
• Strong problem solving and quantitative skills
• High degree of intellectual curiosity
• Ability to communicate effectively in both verbal and written form
• Well-organized, detail-oriented and able to focus in a dynamic and collaborative environment
• Results oriented
   

AQR is an Equal Opportunity Employer.  EEO/VET/DISABILITY