Bloomberg Quantitative Finance Ph.D. Fellowship
Bloomberg’s Quant Research team works on advanced modeling, notably stochastic calculus, numerical methods, and statistical learning across all fields in quantitative finance, including derivatives pricing, asset allocation, and the discovery of signal in alternative data. They also host the largest monthly quant event worldwide, the Bloomberg Quant Seminar (BBQ).
Bloomberg invites exceptional Ph.D. students working in quantitative finance to apply for the Bloomberg Quantitative Finance Ph.D. Fellowship for the academic year of 2025-2026.
Introduction
The goal of this fellowship is to provide support and encouragement for a successful Ph.D. candidate, including groundbreaking publications in both academic journals and conference proceedings, application development, open source contributions, and/or other forms of research dissemination. In addition to the financial benefits, Bloomberg Fellows will also be supported through mentorship, career counseling, and research internships.
Topics of interest
Specific topics of interest for this year’s call include, but are not limited to:
Grant details
- The fellowship will cover 100% of the recipient’s tuition.
- Recipients will be given a stipend of USD 42,000 to cover their living expenses and to attend professional conferences or for research expenses, such as computer hardware.
- Recipients will have Bloomberg mentors and are required to complete a 14-week paid summer internship at Bloomberg starting in Summer 2026.
- Recipients have the opportunity to renew their fellowship annually, for up to three years, at Bloomberg’s discretion.
Applicant eligibility criteria
- Applicants must be full-time doctoral students during the 2025-2026 academic year, with an expected Ph.D. graduation date in or before the end of 2028.
- Recipients must remain enrolled as full-time students for the duration of the grant. If this status is not maintained, the remainder of the grant will be forfeited.
- Recipients must attend the academic year kickoff event each fall at Bloomberg Headquarters in New York (unless the event takes place online-only). Bloomberg will bear all expenses for this event.
- Recipients must complete a 14-week summer internship in New York. This is a paid research internship and the project will be research-focused.
- Recipients may not be supported by any other industry fellowships for the duration of the Bloomberg fellowship. Non-industry funding may be permitted on a case-by-case basis.
- Recipients may not be employed outside of their university for the duration of the fellowship without explicit permission from Bloomberg.
- Bloomberg will not provide sponsorship for any U.S. visa. Those who have a self-sponsored work authorization (i.e., F-1 OPT or other EAD, etc.) covering the full internship or fellowship period are eligible to apply.
Application details
Applications to the Bloomberg Quantitative Finance Ph.D. Fellowship will consist of the following documents:
- Curriculum vitae
- Research proposal
- A two-page research proposal (excluding references), which contains the proposed work directed at a technical quantitative finance audience.
- The research proposal should adhere to the formatting guidelines described in this Overleaf template. Failure to do so will result in the application not being reviewed.
- A reference letter from the applicant’s advisor or proposed advisor and, optionally, an additional referee.
- The letters must contain contact information of the advisor/referee.
- The advisor/referee should email their letters to quantfinance@bloomberg.net no later than the application deadline with the subject line: Reference letter for (First Name) (Last Name).
- It is the applicant’s responsibility to ensure the reference letter(s) are submitted by the application deadline.
Incomplete proposals will not be considered.
Application and deadlines
Please send your proposal to quantfinance@bloomberg.net with all the necessary documents by Friday, September 19, 2025 (11:59 PM AoE). Please note, the reference letters should also be sent to the same address prior to this deadline (see above).
The recipients of the award will be informed by Tuesday, October 8, 2025.
If you have questions about the process, you can contact the Bloomberg Quantitative Finance Ph.D. Fellowship grant program organizers via e-mail at quantfinance@bloomberg.net.
Due to the volume of submissions, we cannot guarantee that we will provide individual feedback on your proposals.
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