Internship in Investment/Strategy Research (Undergraduate & Master's)

Dimensional Fund Advisors

Posted about 19 hours ago

Internship

Austin, Texas

In Person

Smart Summary

Responsibilities

Interns will participate in the day-to-day activities of the Research group, working on projects that meet the firm's business needs. Responsibilities include performing portfolio analysis, executing simulations for asset pricing models, and conducting empirical research.

Qualifications

You are pursuing an undergraduate or Master's degree in a quantitative field with an expected graduation date between December 2027 and June 2028. You possess excellent quantitative problem-solving and analytical skills, with strong programming abilities in languages like Python or C++ and experience with large datasets.

Must Have Skills for ATS

Python

C++

R

Stata

C#

Fortran

SQL

empirical research

large datasets

Job Description

Job Description:

The Research Department at Dimensional is integral both in the successful day-to-day functioning of the firm and in developing Dimensional’s long-term strategy. The team produces high-quality, thought-leadership research on investments and financial markets that is of interest to clients. The team also leads the development of the firm’s investment approach, the application of that approach through portfolio management and trading, and the implementation of technology solutions that make the investment process more efficient.  

Our team is seeking students from top tier academic programs to intern in the summer of 2027. The Internship offers an opportunity to work on intellectually rigorous and stimulating challenges and provides real life experience into the different aspects of research at Dimensional. The Internship is open to students in finance, economics, mathematics, statistics, computer science, physics, engineering, and other related quantitative fields who expect to complete their degree in December 2027-June 2028.

Responsibilities 

This nine-week program will be fully in person and expose interns to the day-to-day activities of the Research group. Interns will gain an understanding of what it's like to be a Research Analyst at Dimensional, as they will be involved in projects that meet our firm’s current business needs. You will be expected to use your intellect, quantitative reasoning, and computational skills to identify and solve the various issues that arise in a fast-paced environment, working simultaneously on individual projects and team-based initiatives. Depending on what team within Research you are assigned to, projects may include the following:

  • Perform analysis on portfolios and prospective strategies;
  • Execute and analyze simulations for research on asset pricing models and economics studies;
  • Conduct empirical research related to Dimensional’s investment strategies and a variety of investment topics;
  • Review relevant academic papers and present findings to internal research teams; and
  • Work with other members of the investment and client services teams to answer internal and client questions.

Qualifications:

  • Minimum 3.2 GPA and pursuing an undergraduate or specialized Master’s degree with an expected graduation date of December 2027 – June 2028. Preferred fields of study include finance, economics, mathematics, statistics, computer science, physics, engineering, or other related quantitative fields.
  • Excellent quantitative problem-solving and analytic skills.
  • Ability to communicate financial and economic concepts, in both oral and written form.
  • Self-starter who can manage multiple projects and meeting deadlines.
  • Strong programming skills in one or more languages, such as C#, C++, Fortran, R, Python, or Stata.
  • Experience doing empirical research with large datasets.

Dimensional offers a variety of programs to help take care of you, your family, and your career, including comprehensive benefits, educational initiatives, and special celebrations of our history, culture, and growth.

It is the policy of the Company to provide equal opportunity for all employees and applicants.  The Company recruits, hires, trains, promotes, compensates, and administers all personnel actions without regard to actual or perceived race, color, religion, religious practice, creed, sex, sex stereotyping, pregnancy (which includes pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), caregiver status, gender, gender identity, gender expression, transgender identity, national origin, age, mental or physical disability, ancestry, medical condition, marital status, familial status, domestic partnership status, military or veteran status or service, unemployment status, citizenship status or alienage, sexual orientation, status as a victim of domestic violence, status as a victim of stalking, status as a victim of sex offenses, genetic information, political activities or recreational activities, arrest or conviction record, salary history, natural hairstyle or any other status protected by applicable law except as otherwise required or permitted by law or regulation applicable to the Company or its affiliates. 

Dimensional Fund Advisors

Dimensional has been implementing the great ideas in financial science since 1981. Our firm is driven by an evidence-based approach, Nobel Prize-winning insights, and decades of expertise pursuing outperformance over benchmarks and peers while maintaining low costs and diversification. Dimensional’s founders launched some of the first index funds in the 1970s. In the 1980s they broke new ground pioneering factor investing, starting the firm with the belief that investors could do better than indexing through a research-backed approach using up-to-date information on what can improve returns. We believe this can lead to better outcomes for investors than active stock-picking or passive indexing. Our commitment to research, rigor, and the pursuit of truth has helped transform the industry toward more transparent, data-driven solutions. That commitment continues to propel Dimensional forward today. Dimensional is headquartered in Austin, Texas, and has more than 1,600 employees in offices around the world. The firm offers a full suite of regional and global equity and fixed income solutions. As of June 30, 2026, Dimensional and its affiliates managed $1.1 trillion for investors worldwide. __ Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. *“Dimensional” refers to the Dimensional separate but affiliated entities generally, rather than to one particular entity. These entities are Dimensional Fund Advisors LP, Dimensional Fund Advisors Ltd., DFA Australia Limited, Dimensional Fund Advisors Canada ULC, Dimensional Fund Advisors Pte. Ltd., Dimensional Ireland Limited, Dimensional Japan Ltd., and Dimensional Hong Kong Limited. Important Disclosure: www.dimensional.com/social-media-terms-and-conditions
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