2025 PhD Summer Intern – Quant Research Analyst, Client Solutions & Analytics, US

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.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking.

We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence.

We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

2025 Summer Internship PhD Quant Research Analyst, Client Solutions & Analytics

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

You’re eligible to apply if you :

• Ph.D. candidate from a top program in quantitative disciplines; Finance, Economics, Statistics, Physics or Math preferred
• Must be able to begin full time employment from a PIMCO office between January 2026 August 2026
• Must be enrolled at a university during the Fall 2025 semester (August 2025 December 2025)
• Are business proficient in English

Client Analytics

The client analytics team produces innovative thought leadership and quantitative research for PIMCO’s clients. Candidates can expect to publish research pieces on relevant market themes, construct bespoke investment solutions, and develop platforms and applications to better analyze client portfolios.

The team’s research topics are broad-ranging adapting to market trends and client interest. Recent publications include : views on inflation, the role of fixed income in a low yielding environment, private asset risk and performance, smart beta emerging market portfolios, and retirement planning.

Candidates should be hands-on creative thinkers able to build research and investment solutions from inception to completion to fit client needs.

Candidates will collaborate with multiple parts of the firm, including Portfolio Management, Product Strategy, and Client Management and can expect to be involved in both internal as well as client presentations.

Applicants should have a strong research background as well as excellent public speaking skills.

Desired Candidates Should Possess the Following Characteristics :

• Strong interest and background in quantitative disciplines; knowledge of asset pricing, economic theory, and optimization methods preferred
• Formal training in empirical research, especially time series and panel data econometrics; experience analyzing large data sets preferred
• Proficiency in programming; Python, MATLAB, C++, preferred
• Strong analytical, problem solving, and presentation skills

The PIMCO Internship Experience :

• The PIMCO Internship Program runs between Monday, June 9 Friday, August 15th with the expectation that you will be available for the full duration of the program
• During Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for success
• Alongside your colleagues, participate in PIMCO's , developed to heighten the impact of our employees' worldwide volunteer efforts
• Join us for a variety of cross-divisional education, networking & social events!
• Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summer
• You’ll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goals
• Want to learn more? Hear about from past interns
• As a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations

What to expect during the interview process :

• After we receive your application, we'll conduct an initial resume review
• If selected to move forward, you’ll showcase your interests and skills in a first-round interview via video conference
• Following the first-round interview and if selected to move forward, you'll meet with us during final-round interviews conducted live via video conference.

Interviews typically consist of behavioral and technical concepts.

PIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.

For more information on PIMCO and Career Opportunities, please visit

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.

Salary : $ 205,000.00