2027 Quantitative Masters Internship Program - Sales & Relationship Management - Institutional Wealth - Chicago

Location: Chicago, IL

About this role

Quantitative Master’s Internship Program

This program mirrors the MBA Internship but is tailored for master’s students in quantitative disciplines – giving you the same exposure and impact, with a focus on advanced analytics and problem-solving.

Eligibility: Students enrolled in analytics, computational finance, financial engineering, mathematics and/or a quantitative-disciplined master’s program and graduating between September 2027 and July 2028 with relevant pre-master’s work experience

Teams you may be considered for

SpiderRock

SpiderRock is a leading provider of options-based investment solutions and risk management strategies for wealth management clients. As part of BlackRock's U.S. Wealth Advisory business, SpiderRock specializes in customized options overlay strategies designed to help advisors and investors manage downside risk, generate income, and improve tax efficiency. The team combines deep derivatives expertise, advanced analytics, and innovative technology to deliver personalized investment solutions that address complex portfolio needs.

This function is known for

Creating, communicating and delivering investment solutions for our clients worldwide while also developing marketing strategies for new business growth – including cultivating relationships with key distributors of our investment products

Being a fast-paced, high-visibility environment where our work covers some of the most important and strategic relationships for the firm

What capabilities are we looking for?

Strong curiosity about exploring and understanding financial markets and the asset management industry

Strong proficiency and demonstrated experience working in all Microsoft Office applications, particularly Microsoft Excel and PowerPoint

Relationship management

Attention to detail

Ability to synthesize large amounts of data and information effectively

Outstanding interpersonal skills; ability to communicate and partner at all seniority levels

Strong project management skills with the ability to navigate multiple stakeholders and contributors to an initiative or project

Curiosity, critical thinking, learning agility, and sound judgement in technology-enabled decision making, coupled with an enthusiasm for AI, emerging technologies, and continuous innovation

Your learning and development will include

Gaining a deep understanding of the investment landscape by directly learning from savvy market experts

Developing a global perspective on the trends driving investment decisions and how to translate this into unique client insights

An opportunity to be an authority on the firm’s new offerings, solutions and campaigns

Opportunities to pursue professional qualifications

For San Francisco, CA and New York, NY only: The salary ranges for these positions are below. Please note, salary rates for a role are determined by department or team within a Business Area, as well as location of the role.

Salary Range (Semi-Monthly Rate)

Client & Product Functions: $5,500 – $7,500

Technology: $6,500 – $8,000

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disabilit