Summer 2027 Quantitative Research Intern, Principal Asset Allocation

Job overview

The Summer 2027 Quantitative Research Intern role is onsite in New York City, NY. The posting states a salary range of $29–$40 per hour and a $4,000 lump-sum stipend intended to support incidental internship expenses. The intern supports Principal Asset Management's investment team. The intern conducts research and portfolio analysis for systematic multi-asset strategies, contributing data analysis, model evaluation, and portfolio analytics across global equities, fixed income, currencies, and commodities. The work helps the investment team assess signals, models, performance, and risk and communicate research findings to portfolio managers.

What you'll do

• Conduct quantitative research and analyze financial and macroeconomic data
• support development, testing, and evaluation of systematic investment signals and portfolio models
• perform backtesting, performance attribution, risk analysis, and portfolio diagnostics
• work with large financial datasets and improve research workflows
• summarize findings and present results to portfolio managers and investment team members.

What we're looking for

Skills & competencies

quantitative research intern

principal financial group

new york ny

summer 2027

asset allocation

portfolio analysis

quantitative research

python

financial data

systematic investing

$29–$40/hour

Work arrangement

• Weekend coverage required

Benefits & perks

• Paid company holidays and state-required time off
• the internship includes a $4,000 lump-sum stipend with a tax gross-up.

Why this role

Summer 2027 internship; full-time onsite in New York City. Applicants must be pursuing a bachelor's, master's, or PhD in a quantitative or related field. The posting states that immigration sponsorship is not available.

About the employer

Principal Financial Group is hiring for this role. Industry: Portfolio Management and Investment Advice. Sector: 52.