2027 Quantitative Analytics Summer Internship Capital Markets (PhD) - Early Careers

Posted 2 Days Ago
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Charlotte, NC, USA
Hybrid
Internship
Fintech • Financial Services
Wells Fargo: Tech-powered. Innovation-led. We're transforming financial services.
The Role
PhD-level summer intern will apply advanced analytics, AI/ML, and quantitative techniques to develop, validate, and enhance pricing, simulation, and benchmark models for capital markets. Responsibilities include model development, performance monitoring, statistical validation, reporting metrics, and collaborating with quantitative teams to deliver scalable, risk-aware solutions over a 10-week program.
Summary Generated by Built In
About this role: Wells Fargo is seeking talent to join the 2027 Quantitative Analytics Summer Internship Program Capital Markets (PhD). Learn more about the career areas and lines of business at wellsfargojobs.com .
Program Overview | The Wells Fargo Quantitative Analytics Internship Program offers PhD candidates an opportunity to apply advanced analytics, artificial intelligence, and machine learning to complex business challenges at one of the world's leading financial institutions.
This 10-week summer internship combines hands-on project experience, mentorship, technical training, and exposure to senior leaders. Through this 10-week internshipyou'llwork alongside experienced quantitative professionals, helping develop and evaluate innovative solutions that support business strategy, risk management, and customer experience across Wells Fargo.
You'llbeexpectedto bring fresh perspectives, explore innovative approaches, and contribute to solutions that support Wells Fargo's strategic priorities. Along the way,you'lldevelop not only your technical capabilities but also the business acumen and leadership skills needed to succeed in a highly collaborative environment. High performing interns may receive consideration for full-time roles after graduation. #earlycareers
You could work on high-impact projects like:
  • Developing pricing models that are used by various Wells Fargo trading desks
  • Enhancing production models to mitigate any deterioration in model performance
  • Developing simulation models to forecast losses for trading portfolios
  • Developing benchmark models to assess potential limitations of production models
  • Providing analysis and reporting of metrics utilized to assess ongoing model performance
  • Applying statistical and quantitative techniques to validate model design, calibration, and implementation.
What You'll Experience:
  • Spend your Intern Induction Week at an offsite location
  • Structured and engaging onboarding experience
  • Speaker series with Wells Fargo senior leaders
  • Professional development opportunities
  • Networking and engaging with peers
  • On-the-job experiences contributing to strategic business goals
Program dates:June - August2027
Program Duration:10 weeks
Program Location:Charlotte, NC
Required Qualifications:
  • 2+ years of work experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Required Qualifications for Europe, Middle East & Africa only:
  • Work experience, or equivalent demonstrated through one or a combination of the following: work experience, training, education
Desired Qualifications:
  • Currently pursuing a PhD degree in Mathematics, Physics, Engineering, Statistics or related quantitative field, with an expected graduation date after December 2027.
  • Excellent programming skills for data and statistical analysis such as Python, C++, SQL, and Java.
  • Experience and demonstrated knowledge in mathematical and numerical methods including Monte Carlo methods, differential equations, linear algebra, applied probability, and statistics.
  • Strong quantitative and analytical skills, with the ability to apply data analysis, modeling, visualization, statistics, research, and generative AI to generate insights, adapt quickly, and support innovative solutions.
  • Ability to execute with urgency, apply data and software engineering skills to design, develop, and deliver scalable solutions, and drive operational excellence with strong data management and an enterprise mindset.
  • Strong communication skills, with the ability to foster an inclusive environment and actively seek, apply, and respond to feedback in collaborative analytical settings.
  • Strong business acumen and understanding of capital markets, with a commitment to providing excellent service and supporting data-informed business outcomes.
  • Ability to act with integrity, support risk assessments, and apply risk controls to help manage risk in a disciplined, data-driven environment.
Join us at Wells Fargo and become a part of a dynamic team that is shaping the future of the financial industry. Apply now and embark on a journey towards personal and professional growth in quantitative analytics.
Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of thisposting, we encourage you to apply for other opportunities with Wells Fargo. Aftersubmittingyour application, pleasemonitoryour e-mail for future communications.
Posting End Date:
25 Sep 2026
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Skills Required

  • 2+ years of work experience, or equivalent demonstrated through work experience, training, military experience, or education
  • Availability to participate in a 10-week summer internship (June - August 2027) in Charlotte, NC, including an offsite intern induction week
  • Currently pursuing a PhD in Mathematics, Physics, Engineering, Statistics, or related quantitative field (expected graduation after December 2027)
  • Programming skills for data and statistical analysis: Python, C++, SQL, Java
  • Knowledge of mathematical and numerical methods including Monte Carlo methods, differential equations, linear algebra, applied probability, and statistics
  • Experience applying data analysis, modeling, visualization, statistics, and generative AI to generate insights
  • Data and software engineering skills to design, develop, and deliver scalable solutions and strong data management practices
  • Strong communication skills and ability to collaborate inclusively and act on feedback
  • Strong business acumen and understanding of capital markets
  • Ability to act with integrity, support risk assessments, and apply risk controls in a compliance-driven environment

Wells Fargo Compensation & Benefits Highlights

  • Retirement Support Retirement support is anchored by a dollar‑for‑dollar 401(k) match on employee contributions after one year of service, with an additional non‑matching company contribution for some lower‑paid employees. Access to an employee stock purchase plan further expands long‑term savings opportunities.
  • Parental & Family Support Family supports include up to 16 weeks of paid parental leave available from the first day of employment, plus paid critical‑caregiving leave and extensive backup care options. Fertility, adoption, and surrogacy programs are highlighted with meaningful coverage and reimbursements, including a combined lifetime maximum up to $35,000 for eligible expenses.
  • Healthcare Strength Health coverage is comprehensive from day one, spanning medical, dental, vision, mental health, prescriptions, and preventive care often fully covered in‑network. Employer cost‑sharing is emphasized alongside no‑cost counseling through the EAP within plan limits.

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The Company
HQ: San Francisco, CA
205,000 Employees
Year Founded: 1852

What We Do

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. Our technology professionals drive innovation, information security, and big data analytics while maintaining a network that handles more than 12 billion customer interactions a year. Join us! Are you looking for more? Find it here. At Wells Fargo, we're more than a financial services leader – we’re a global trailblazer committed to driving innovation, empowering communities, and helping our customers succeed. We believe that a meaningful career is much more than just a job – it’s about finding all of the elements to help you thrive, in one place. Living the Well Life means you’re supported in life, not just work. It means having robust benefits, competitive compensation, and programs designed to help you find work-life balance and well-being. You’ll be rewarded for investing in your community, celebrated for being your authentic self, and empowered to grow. And we’re recognized for it — Wells Fargo continues to rank on the LinkedIn Top Companies lists of best workplaces “to grow your career.” All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic. © 2026 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.

Why Work With Us

We're known for our “Well Life” approach to supporting employees’ career aspirations, work-life balance, and mental and physical health. Wells Fargo continues to rank on the LinkedIn Top Companies lists of best workplaces “to grow your career.”

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