Quick Overview
Job Description
The Role
We’re seeking a highly motivated PhD student in economics to join our Central Research team in the Discretionary Macro and Fixed Income Division in New York. You’ll work on live research questions, not academic exercises, and your output will feed directly into portfolio managers’ investment processes. This role is ideal for someone who thrives in a fast-paced environment and wants to deepen their understanding of macro markets.
What You’ll Do
As part of a close-knit team, you’ll build tools and analyze large datasets to generate actionable macroeconomic insights for portfolio managers. Your work may include:
- Building quantitative models covering growth, inflation, labor markets, and monetary and fiscal policy across developed and emerging markets
- Conducting empirical research on macro themes such as policy transmission, term premia, and cross-country spillovers
- Developing and maintaining data and analytical tools that the broader research team can use
- Communicating findings clearly to researchers and portfolio managers, so your work informs live investment decisions
What You’ll Bring
- Currently pursuing a PhD in Economics, Financial Economics, or a related quantitative field
- Prior research assistantship, internship, or work experience in economics, finance, or policy is a plus but not required
- Strong grounding in macroeconomic theory and applied econometrics (time series, panel data, causal inference)
- Proficient in at least one statistical/programming language (Python, R, MATLAB)
- A genuine interest in financial markets and how macro research connects to investment decisions
- Strong attention to detail and organizational skills
- Ability to work in a fast-paced, deadline-driven environment
- Strong problem-solving and communication skills
- Willingness to learn and take ownership of responsibilities
Our Internship
Kick-start your career in finance with the Schonfeld Summer Internship! Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you’ll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who’ll guide your development over the course of the internship and beyond. Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands-on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We’ll empower you to bring your ideas to life and make an impact.
Who We Are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The annual base pay for this role is expected to be between $125,000 and $175,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.