BlackRock
Global asset management and risk services
Quantitative Investing Intern - Investments, Quantitative Investing
At least four days in the office per week are required.
About the job
- Be enrolled in a master's program in analytics, computational finance, financial engineering, mathematics, or another quantitative discipline.
- Be graduating between September 2027 and July 2028.
- Have relevant pre-master's work experience.
- Demonstrate passion for quantitative investing and strong technical problem-solving skills.
- Write efficient and effective computer code in Python.
- Translate statistical models and algorithms into code.
- Work comfortably with large datasets.
- Demonstrate critical thinking, learning agility, sound judgment in technology-enabled decision-making, and enthusiasm for artificial intelligence, emerging technologies, and continuous innovation.
- Contribute to investment or client-related projects and the function's knowledge base.
- Participate in daily market-related updates and learn how portfolios trade and react to market events.
- Collaborate across multiple business functions to learn research and product life cycles and growth strategies.
- Develop an understanding of capital markets, return drivers, and economic theory.
- Learn about clients and their investment strategies, and assist in guiding investors toward their investment goals using technology and tools.
About the company
BlackRock is a global asset manager that serves institutions and individual investors with a wide range of investment products. It pools client money into funds across equities, bonds, multi-asset, and alternatives, and uses teams to select and rebalance investments to meet objectives. It earns fees from assets under management, advisory services, and its Aladdin platform, which provides risk analytics and portfolio tools to big investors. Its scale, broad product lineup, and the Aladdin platform differentiate it, while its goal is to grow client assets and help clients reach their financial objectives over time.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1988
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Simplify's Take
What believers are saying
- BlackRock posted $192 billion net inflows in Q2 2026, led by ETFs and bonds.
- On September 16, 2026, BlackRock launched LifePath Solutions for customized retirement plans.
- BlackRock raised emerging-market equities overweight on September 15, 2026, citing AI earnings.
What critics are saying
- Texas v. BlackRock stayed alive in August 2025; trial is scheduled for January 2028.
- DOJ weighed joining the antitrust suit on September 18, 2026, intensifying legal pressure.
- Digital assets AUM fell to $48.8 billion in Q2 2026, showing crypto volatility risk.
What makes BlackRock unique
- BlackRock managed $15.34 trillion in Q2 2026, anchored by iShares ETF scale.
- Aladdin and LifePath combine risk software with retirement portfolio construction and demographics.
- IBIT and ETHA give institutions regulated crypto exposure through familiar ETF wrappers.
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Benefits
Health Insurance
Unlimited Paid Time Off
Mental Health Support
Wellness Program
401(k) Retirement Plan
Company News
BlackRock has identified artificial intelligence agents as a potential driver of cryptocurrency adoption, according to a September report. The asset manager suggests that as AI systems begin transacting independently, they will require payment infrastructure designed for machines rather than humans. BlackRock argues that stablecoins and other digital assets could serve as "machine-native payment rails" for autonomous AI commerce. The firm cited simulations showing AI models favoured stablecoins for everyday payments and Bitcoin for long-term value storage, though it cautioned these were simulated responses. Meta and PayPal announced a partnership on 22 September enabling users to shop via Meta's Muse AI agent across PayPal's merchant network. Muse, launched 8 September, can perform tasks including booking travel and making purchases after user approval. The developments come as Bitcoin climbed above $86,000 this week.
Janus Henderson revamps international equities leadership team. Janus Henderson has appointed a new head of EMEA & APAC equities and a lead portfolio manager as Lucas Klein departs after three years. Reading Time: 3 mins read Janus Henderson has appointed a new head of EMEA & APAC equities as Lucas Klein departs after three years in the position. Janus Henderson will appoint Helen Jewell as head of EMEA & APAC equities, and Shilpee Raina as lead portfolio manager for its large-cap growth fund. In that role, Jewell will head research and equity portfolio management teams. She will also join Janus Henderson's executive committee. Jewell is based in London, where she will join the global asset management firm on 1 December. Most recently, Jewell served from London as international CIO for fundamental equities at BlackRock where she was responsible for investment oversight including research, investment process, portfolio manager talent, and external market engagement across the firm's non-US fundamental active equity platform. Before that, she worked for Goldman Sachs and Deutsche Bank. Jewell's appointment follows the resignation of Lucas Klein, for personal reasons, who had held the role for three years and joined following five years at Fidelity. He has worked in the US and UK financial industry for almost 30 years. "I have decided that the time is right for me to retire from full-time work and devote more time to my family and to the next chapter of my life," said the outgoing head of EMEA & APAC equities in a LinkedIn post. Klein also stated he will work with Jewell during the transition, and that he might hold other responsibilities in the future. "While retiring from full-time executive responsibilities, I look forward to remaining engaged and contributing in new ways in the years ahead." Meanwhile, Shilpee Raina has been named lead portfolio manager of the Janus Henderson large-cap growth fund Forty, as well as the Transformational Growth funds. She will be based in New York, when she joins on 1 January 2027. This position will be held alongside Brian Recht, who will continue as a portfolio manager for these funds. Raina will join from J.P. Morgan Asset Management and brings two decades of large-caps investing experience. "The team will maintain the strategies' established investment philosophy, high-conviction approach, and focus on identifying high-quality businesses with durable competitive advantages and long-term growth potential," read a company statement. Meanwhile, Ali Dibadj, chief executive at Janus Henderson, highlighted how client relationships will be a point of focus for both Jewell and Raina. "They are renowned, industry-leading talent who bring exceptional investment skill and an unwavering focus on clients. "[Jewell] has extensive financial and investment leadership experience, with a proven track record of strengthening research capabilities, advancing investment processes, and building high-performing teams globally. "[Raina] combines strong large-cap expertise with an investment philosophy that closely aligns with the principles that have long defined Janus Henderson's deep, bottom-up, fundamental investment approach. Together, they will further strengthen our ability to keep putting our clients first - always," stated Dibadj.
Larry Fink, CEO of BlackRock, which manages over $15 trillion in assets, built his success on the back of a catastrophic failure. In 1986, whilst leading a mortgage-backed securities desk at First Boston Corporation, Fink's team lost $100 million in a single quarter after wrongly betting interest rates would rise. The losses led to his departure from First Boston by 1988. Fink later described the experience as instructive, revealing that Wall Street lacked adequate risk management tools at the time. "I screwed up. And it was bad," Fink said in a speech. He founded BlackRock in the late 1980s, applying lessons learnt from the failure. The firm recently pulled $192 billion in new client cash in Q2, with Fink crediting AI-driven growth for expanding market opportunities.
BlackRock Chief Investment Officer Rick Rieder has downgraded his outlook on US equities to "B minus" whilst warning that America's $40 trillion national debt is becoming a "compounding problem". He told CNBC that every 100-basis-point increase in interest rates adds $100 billion to federal interest expenses. Despite fiscal concerns, Rieder sees opportunity in bonds. The 10-year Treasury yield recently hit 5%, a 19-year high, which historically signals a favourable investment environment 95% of the time. BlackRock has begun purchasing long-term Treasuries, though it remains significantly underweight on longer-dated bonds. Rieder noted that institutional investors can now secure 7% target returns through stable bonds, making the "alternative to stocks real". He flagged "rollover financing risk" for leveraged sectors, particularly real estate and bilateral credit finance.
BlackRock's LifePath Solutions offer upscaled TDF possibilities. Expanded offering brings plan sponsors new capabilities found in outsized retirement plans, with private capital and guaranteed income access September 16, 2026 While many workers bemoan the ongoing disappearance of traditional workplace pension plans, a new BlackRock offering aims to give DC plan participants the best of both worlds. On Wednesday, BlackRock announced the launch of its new LifePath Solutions, a target-date fund tool smaller employers can use to customize their plans to incorporate benefits found in much larger retirement plans. BlackRock said LifePath Solutions (LPS) is the first TDF solution that includes plan and participant analysis with the option to add BlackRock's wider investment capabilities in both public and private markets, plus access to guaranteed lifetime income and both active and index strategies. The all-inclusive offering moves closer to providing retirement benefits that are more like a personal pension plan, with professional management and better opportunities for long-term growth and lifetime income - critical aspects as longevity increases and capital markets evolve. "Retirement is entering a new era," said Jaime Magyera, Head of Retirement and U.S. Wealth Advisory at BlackRock, in a release. "As traditional pensions are increasingly scarce and individuals take on greater responsibility for funding retirement, plan sponsors are looking for more effective ways to help American workers achieve better outcomes." Magyera said the LPS offering brings together BlackRock's research, portfolio construction and investment platform to deliver solutions more closely geared to the needs of participants. The system, an offshoot of BlackRock's 30-year-old, $770 billion LifePath platform, analyzes plan sponsors' needs, industry-specific dynamics and participant demographics, and is then able to help determine the appropriate investment approach. BlackRock works with plan sponsors and advisors to examine the retirement plan population, with LPS calibrating a specific TDF solution. That can include traditional indexes, more active approaches, or a blended, whole-portfolio approach blending private and public investments and lifetime income solutions, using tools more often found in traditional pensions. "Over the last three decades, we've built the lifecycle research and portfolio engine behind LifePath while expanding our capabilities across active, index, private markets and guaranteed income," said Nick Nefouse, BlackRock's Global Head of Retirement Solutions and Head of LifePath. The new system, he said, can provide a customized blend for an individual workforce population, providing benefits that more closely replicate those found in traditional pensions. According to BlackRock's 2026 Read on Retirement survey, more and more participants are realizing that their current workplace savings might replace just half of what they need for income in retirement. Almost 75% said they would like access to private markets in their workplace plans, and 90% are interested in guaranteed lifetime income benefits. More than 80% also feel they would benefit from more personalized investment guidance. Keep up with the news, trends, products, and policy shaping the retirement plan industry.