About this role:
Wells Fargo is seeking talent to join the Summer Internship Quantitative Analytics Program (PhD) – Early Careers. Learn more about the career areas and lines of business at wellsfargojobs.com
Program Overview
The internship program is a ten-week overview of Wells Fargo, and prepares you to develop, implement, calibrate, or validate quantitative models. The program is designed to provide you a blend of technical, business, and professional developmental opportunities that incorporates real-world experiences and prepares you for a career at Wells Fargo. Based on individual achievement, those who excel in the internship program may receive an offer for full-time employment.
There are two tracks:
The Capital Markets track deals with mathematical models for pricing, hedging and risking complex financial instruments. Wells Fargo trading portfolios include products in all traded asset classes such as credit, commodity, Equity, FX, Rate, Mortgages, and Asset-Backed Finance.
The Risk Analytics & Decision Science track deals with statistical, econometric, and machine learning/AI models for a variety of applications, including loss and revenue forecasting, credit decisions, financial crimes, fair lending, operational risks, and analysis of unstructured data such as text and audio.
Tracks will be designated and assigned to the candidate upon reviewing application.
Placement group includes:
Artificial Intelligence Machine Learning Model Development Center
Traded Products Model Development
Risk Modeling Group – Forecast Model Development
Risk Modeling Group – Decision Model Development
Market and Counterparty Risk Analytics
Mortgage Model Development Center
Model Risk Management
Consumer Model Development Center
In this role, you will:
Perform mathematical model development and validation under the direction of experienced team members using Python, R, C++, SAS, SQL or other programming languages
Be part of a team that provides solutions to business needs and improves risk management processes
Communicate solutions to stakeholders through verbal presentations and written documentation
Stay up to speed on industry challenges and new and innovative modeling techniques used across Wells Fargo to solve business problems or enhance business capabilities
What you will 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
Ideal candidate for this role:
Ability to communicate concepts and ideas, both verbally and written, and explain technical material to a non-technical audience
For the Capital Markets Track: Experience and demonstrated knowledge in mathematical and numerical methods including Monte Carlo methods, differential equations, linear algebra, applied probability, and statistics
For the Risk Analytics & Decision Science Track: Experience and demonstrated first-hand knowledge in a number of these areas: data analysis, statistical modeling, machine learning/AI models, data management, and computing
Energetic self-starter who proactively takes initiative, remains curious and has a genuine interest in learning and growth.
Program Dates: June – August,2025 (10 weeks, 40 hours per week)
Program Location: Charlotte, NC
Required Qualifications:
6+ months of work experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Currently pursuing a PhD degree with an expected graduation date between December 2025 – or later
Currently pursuing a PhD degree in with emphasis on Statistics, Mathematics, Computer Science, Economics, Physics, Quantitative Finance, Operations Research, Data Science, Engineering or related quantitative field or a related quantitative field
Excellent computer programing skills and use of statistical software packages such as Python, R, SAS, SQL, Spark, Java, and C++
Excellent verbal, written, and interpersonal communication skills
Involvement in extracurricular enrichment activities through one or more of the following: volunteerism, student organization involvement, study abroad program(s), leadership position(s), non-profit involvement
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
#earlycareers
How to Apply:
The 2025 Summer Internship Quantitative Analytics Development Program (PhD) will be accepting applications through the Wells Fargo Career website.
To search and apply for open positions in this program, please go to https://www.wellsfargo.com/careers/ and click on “Search Jobs”.
Search by Job ID #: R-384891 or by keywords, “2025 Summer Internship Quantitative Analytics Development Program – PhD” and follow the instructions to complete your application.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
