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BLACKROCK FINANCIAL MANAGEMENT, New York, NY & Boston, MA
G0 Financial Economics
C0 Mathematical & Quantitative Methods
BlackRock is a premier provider of global investment management and risk management products. We offer a broad range of fixed income, liquidity, equity, alternative investment and risk management products to clients worldwide. Upon the completion of a proposed merger with Merrill Lynch Investment Managers by the end of September 2006, BlackRock will become an asset management powerhouse ranked fifth in the U.S. and ninth globally, with nearly $1 trillion in assets under management, in addition to over $3 trillion in assets on which we provide risk analytics and/or advice. BlackRock was named Asset Management Risk Manager of the Year in 2000 and Fixed Income Manager of the Year in 2002. In 2005 alone, BlackRock received one award for the ABS/CDO Deal of the Year and another award for the Best Risk Analytics Initiative of the Year. We continue to receive nominations for industry awards year after year, in part due to our unrivaled reputation in quantitative analytics among asset management firms. BlackRock currently employs a significant number of Ph.D.'s in disciplines ranging from Finance, Economics, and Statistics to Computer Science and the physical sciences. As a result of our expected growth and continued success, exciting opportunities abound for Finance and/or Economics Ph.D. students who wish to apply their analytical and creative skills to a career at a world-class asset management firm. Summer associates who successfully complete their internships will be considered for full-time positions upon the completion of their PhDs.
Opening for a Summer Associate - Financial Modeling, Portfolio Risk Management, or Quantitative Equities. Location: New York, NY and Boston, MA. Requirements: Expected completion of Ph.D. in Finance, Quantitative Finance, Economics or Econometrics in 2007; documented research and/or work experience in empirical asset pricing; self-starter with ability to complete projects independently; excellent interpersonal and leadership skills; excellent verbal and written communication skills in English. (===== Look at Here======(zhaosweden)==>>)Desired Skills: Proven programming skills and experience doing development in C++ and/or JAVA, and/or in using econometric package, e.g. MATLAB, S-Plus, SAS, FAME; expert knowledge of portfolio theory, term-structure models, and option pricing techniques; panel data and/or time-series econometric techniques, e.g. Non-Parametric Estimation, Discrete Choice Models, Survival Analysis, State Space, VAR, ARIMA, GARCH modeling; simulation techniques, e.g. Monte Carlo Simulation, Bootstrapping. Responsibilities: Financial modeling in areas such as mortgage prepayment, term structure, quantitative equity/credit relative value, and asset allocation; developing investment selection and risk management tools; identifying market signals from financial time series; risk management of investment portfolios; maintenance, support and testing of state-of-the-art analytical tools as applied to "real-life" investment problems. An equal opportunity-affirmative action employer. CONTACT: For consideration, please apply via email to phdfinance.recruiting@blackrock.com and indicate 'Summer Associate' in the subject. Only qualified candidates will be contacted.