About the role#
This summer program offers the opportunity to complete up to three rotations within our cross-asset quantitative research teams. You will work across groups including credit strategy, rates and rate derivatives, US equity strategy, equity derivatives, and quantitative systematic investment strategies. This program is designed for graduate students to gain exposure to real-world financial research and strategy development.
What you'll do#
- Apply machine learning techniques to develop strategies for harvesting risk premia and asset allocation.
- Use data science tools to model rate curves, construct portfolios, and forecast market anomalies.
- Identify leading indicators of distress in credit markets.
- Model inflection points in earnings using real-time and big data sets.
- Analyze financial derivatives to find mispriced assets and build alpha-generating trading strategies.
- Create dynamic hedging solutions to manage client assets more efficiently.
What you'll need#
- Current enrollment in a Master's or Ph.D. program in Quantitative Finance, Financial Engineering, or a related technical field.
- Expected graduation date between November 2027 and June 2028.
- Experience managing and analyzing large data sets using modern data-science tools.
- Proficiency in Python and Excel.
- Strong knowledge of advanced machine learning techniques for specific rotations.
- Understanding of financial derivatives, such as futures and options, and their pricing models for derivative-focused rotations.
- Ability to communicate complex technical concepts clearly to non-technical audiences.
- Capability to work independently, manage your own quality control, and drive projects to completion under uncertainty.
Location & details#
- Location: New York, New York.
- Term: Summer 2027.
- Modality: On-site.
- This is a paid, full-time summer associate position. Bank of America does not provide sponsorship for this role.
About Bank of America
Bank of America is a public financial institution based in Charlotte, North Carolina. It provides banking, investing, and asset management services to individuals, small businesses, and large corporations. The firm maintains approximately 56 million consumer and small business relationships within the United States. Its operations cover financial and risk management, corporate banking, and trading.
How to get in at Bank of America
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