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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Praktikant:in Quantitative Investments Intern

Winter 2027Updated
No salary listed
Internship
Bachelor's
Frankfurt, Germany+1 moreMore locations: Munich, Germany
HybridHybrid work; role is based in Munich or Frankfurt.
Quantitative FinanceQuantitative Risk

About the job

Requirements
  • Currently enrolled from at least the third semester in economics/business studies, (business) mathematics, business informatics, or another technical degree program.
  • Demonstrated programming experience, for example in MATLAB, Python, R, or VBA.
  • Very good knowledge of Microsoft Office, especially Excel.
  • Able to work independently, in a goal-oriented and careful manner, and support the team with a service-oriented approach.
  • Good to very good spoken and written German and English skills.
Responsibilities
  • Model capital market risks stochastically.
  • Construct portfolios using mathematical optimization methods.
  • Further develop the existing in-house tool landscape.
  • Conduct asset-liability management analyses for different types of investors.
  • Research selected topics and asset managers.
  • Support clients such as pension institutions, medium-sized and large companies, insurers, and family offices in optimizing their investments.
Desired Qualifications
  • Programming experience in a practical setting is advantageous.
  • Practical experience in finance and investments through internships or working-student roles is advantageous.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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