Global Macro Research, Economics, PhD Fellowship, London London · United Kingdom · Associate

Goldman Sachs; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global investment firm is offering a 10-week paid fellowship in Global Macro Research for PhD candidates in Economics or Finance. The position involves engaging with an economics research team to conduct detailed macroeconomic analysis, develop quantitative models, and contribute to team publications. Candidates should have strong quantitative skills, advanced statistical programming knowledge, and the ability to work collaboratively in a dynamic environment. This is an immersive opportunity to gain hands-on experience in financial research.

Qualifications

• Currently enrolled in a PhD program with expected graduation before end of 2027.
• Strong theoretical foundation in economics with exceptional quantitative analytical skills.
• Ability to convey complex economic concepts to diverse audiences.

Responsibilities

• Engage in daily workflow and research processes within an economics research team.
• Generate written research on macroeconomic trends and their impacts.
• Develop quantitative models to forecast economic indicators.

Skills

Quantitative analytical skills

Statistical programming (Python, R)

Attention to detail

Interpersonal and communication skills

Education

PhD in Economics, Finance, or related discipline

Tools

Python

R

Stata

MATLAB

EViews

Job description

Application Deadline: 6th February 2026

Global Investment Research

Global Investment Research (GIR) provides investment recommendations by generating fundamental research and analysis of companies, industries, markets and economies. GIR analysts, economists and strategists help our clients achieve superior returns through our creative, differentiated investment insights and ideas. Our clients include mutual funds, hedge funds and pension funds, among others.

This 10-week paid fellowship offers Economics or Finance PhD candidates an immersive opportunity to explore a career in Global Macro Research. Fellows will actively contribute to cutting‑edge economic research, gaining hands‑on experience, training, mentorship, and networking. The program is designed to enhance research skills, foster intellectual collaboration, and contribute to high-quality research outputs that shape investment strategies and influence economic policy.

Key Responsibilities

Working closely with a Senior Economist and team, Fellows will:

• Engage in daily workflow and research processes within an economics research team.
• Generate unique, thematic written research on macroeconomic trends and their impact on financial markets.
• Develop and refine quantitative models to forecast economic indicators such as growth, inflation, and interest rates.
• Interpret and comment on high‑frequency economic data releases.
• Build and maintain financial models relevant to macro‑financial analysis.
• Conduct rigorous data collection, cleaning, and analysis using advanced statistical software (e.g., Python, R, Stata, MATLAB, EViews).
• Contribute to research projects and team publications, including drafting sections of reports.

Qualifications

• Currently enrolled in a PhD program in Economics, Finance, or a closely related quantitative discipline.
• Expected graduation date: before the end of 2027.
• Demonstrated strong theoretical foundation in economics and exceptional quantitative analytical skills.
• Advanced proficiency in statistical programming languages (e.g., Python, R, Stata, MATLAB, EViews) and experience with large datasets.
• Proven capability for original and thought‑provoking research.
• Meticulous attention to detail and strong organizational skills.
• Ability to work both autonomously and collaboratively in a fast‑paced, dynamic research environment.
• Strong interpersonal and communication skills, with the ability to convey complex economic concepts clearly and concisely to diverse audiences.

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

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