2026 Quantitative Analytics Summer Internship Capital Markets (PhD) - Early Careers
Wells Fargo & Company - Institutional Retirement & Trust business
Job Description
About the Role
Elevate your future career potential to new heights with Wells Fargo's Quantitative Analytics Internship! We are looking for talented individuals who are ready to dive into the fascinating world of quantitative analytics. This internship program offers a unique blend of technical skills, business acumen, and professional growth opportunities that will not only prepare you for a successful career at Wells Fargo but also equip you with the skills needed to thrive in the competitive financial industry. Jumpstart Your Career with a 10-Week Capital Markets Internship at Wells Fargo. Our 10-week internship is your gateway to the dynamic world of financial modeling and risk strategy at Wells Fargo. You'll gain hands-on experience developing, implementing, calibrating, and validating quantitative models that power decision-making across our lines of business, operations, and products. Through mentorship, classroom-style training, and project-based learning, you'll work on meaningful projects, collaborate with top talent, interact with senior leaders, and contribute to shaping the future of finance. The environment encourages innovation, diversity, and idea-sharing, with exposure to cutting-edge modeling techniques and team-building activities. Top performers may receive offers for full-time roles after graduation.
Key Responsibilities
- Developing pricing models that are used by various Wells Fargo trading desks
- Enhancing production models to mitigate any deterioration in model performance
- Developing simulation models to forecast losses for trading portfolios
- Developing benchmark models to assess potential limitations of production models
- Providing analysis and reporting of metrics utilized to assess ongoing model performance
- Contributing to strategic business goals through on-the-job experiences
- Participating in structured onboarding, speaker series, and professional development activities
- Engaging in team collaboration and networking with peers and senior leaders
Requirements
- 6+ months of work experience, or equivalent demonstrated through work experience, training, military experience, or education
- Currently pursuing a PhD in Mathematics, Physics, Engineering, Statistics, or related quantitative field with an expected graduation after December 2026
- Excellent programming skills for data and statistical analysis such as Python, C++, SAS, SQL, and Java
- Experience and knowledge in mathematical and numerical methods including Monte Carlo methods, differential equations, linear algebra, applied probability, and statistics
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Intermediate Microsoft Office skills (Word, Excel, Outlook, PowerPoint)
- Involvement in extracurricular activities such as volunteerism, student organizations, study abroad, leadership roles, or non-profit work
- Proven ability to work effectively both independently and collaboratively in a change-driven environment
- Energetic self-starter with initiative, curiosity, and a genuine interest in learning and growth
Nice to Have
- Experience with financial modeling or risk management
- Knowledge of financial markets and trading desks
- Previous internship or work experience in finance or analytics
Qualifications
- Pursuing a PhD in a quantitative field with expected graduation after December 2026
Benefits & Perks
- Structured onboarding and professional development opportunities
- Networking with peers and senior leaders
- Potential for full-time employment after graduation
- Exposure to innovative modeling techniques and strategic projects
Working at Wells Fargo & Company - Institutional Retirement & Trust business
Wells Fargo fosters a dynamic, innovative, and inclusive environment that encourages collaboration, diversity, and continuous learning. The company emphasizes building strong customer relationships while maintaining a risk-mitigating and compliance-driven culture. Employees are supported in their professional growth and are expected to adhere to risk and compliance standards, with a focus on proactive monitoring, governance, and sound decision-making.
Job Details
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About Wells Fargo & Company - Institutional Retirement & Trust business
Website
wellsfargo.com
Company Size
5001-10000 employees
Location
Charlotte, NC
Industry
Commercial Banking
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