Internship

Economist Intern

Posted on 11/27/2024

Wayfair

Wayfair

10,001+ employees

E-commerce platform for home goods sales

Consumer Software
Consumer Goods

Company Historically Provides H1B Sponsorship

Boston, MA, USA

3 day in-office expectation.

Category
Environmental Consulting
Consulting
Required Skills
Python
Data Science
SQL
Requirements
  • Currently pursuing a Ph.D. in Economics or a closely-related field (e.g., Marketing, Finance, Operations Research, Statistics) with the expectation that degree will be obtained between December 2025 and Summer 2026 with a 3.0 GPA minimum
  • Must be returning to the course of study following completion of the internship.
  • Ability to commit to working 40 hours/week (9am-5pm, Monday-Friday) from June 2 - August 8, 2025 in our Boston office.
  • Background in one of the following fields is preferred: applied microeconomics (e.g. labor, public, development, behavioral, experimental, household finance), empirical industrial organization, quantitative marketing, econometrics.
  • Proficiency in Python
  • Experience with SQL
  • Hands-on experience with big datasets
  • Appetite for collaborating in a highly interdisciplinary environment with other social scientists, computer scientists, statisticians, operations researchers, and engineers.
  • Passion for communicating complex material in a concise and precise way.
Responsibilities
  • Help us price millions of products in a complex, two-sided marketplace.
  • Measure the demand response to various business decisions, using both observational and experimental methods.
  • Address a variety of supply-side questions, such as assessing supplier responses to changes in the design of our marketplace.
  • Forecast demand and costs at scale using a combination of time series and machine learning techniques.

Wayfair specializes in selling home goods through its online platform, wayfair.com. It offers a wide variety of products, including furniture, lighting, cookware, and appliances, catering to different styles and budgets for customers ranging from homeowners to interior designers. The company operates a marketplace model that connects consumers with over 5,000 brands, allowing it to provide a large selection of items without needing to manage extensive inventory. Wayfair earns revenue from product sales and advertising fees from suppliers promoting their products on the site. Its extensive product range includes smart kitchen appliances and curated collections, making it easier for customers to find what they need for home improvement projects. Wayfair's goal is to be a one-stop shop for all home-related needs, providing a comprehensive shopping experience.

Company Stage

IPO

Total Funding

$341.4M

Headquarters

Boston, Massachusetts

Founded

2002

Growth & Insights
Headcount

6 month growth

2%

1 year growth

14%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wayfair's extensive product range and strategic sales events, like Black Friday in July, provide employees with opportunities to drive significant revenue growth.
  • The company's expansion into brick-and-mortar stores offers new career opportunities and the potential for increased market penetration.
  • Wayfair's focus on sustainability and corporate responsibility initiatives can attract talent interested in making a positive social and environmental impact.

What critics are saying

  • The highly competitive e-commerce market requires Wayfair to continuously innovate to maintain its market position.
  • The company's reliance on a marketplace model means it must effectively manage relationships with over 5,000 brands to ensure product quality and availability.

What makes Wayfair unique

  • Wayfair's marketplace model allows it to offer a vast selection of home goods without the need for extensive inventory management, unlike traditional retailers.
  • The company's focus on curated collections and appliance packages simplifies the shopping experience, setting it apart from competitors who offer less personalized options.
  • Wayfair's commitment to sustainability, including ambitious zero waste goals, enhances its brand appeal in an increasingly eco-conscious market.

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