From macroeconomic forecasts to individual stock analysis, our team develops tools and insights to help shape investment strategies for clients and the firm. Our analysts work on client-focused research in the equity, fixed-income, currency, and commodities markets, mining big data that enters markets around the world each day to identify game-changing insights. You’ll be part of a team that is intellectually curious, creative, analytical, and passionate about performing market 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.

We are seeking Economics or Finance PhD candidates for a 10-week paid fellowship to explore a career in Macro Research. Fellows will receive training, networking, mentorship, and hands-on research experience as an active contributor of a research team.

As a Fellow, you will:

Learn about the Goldman Sachs culture and the firm’s mission and businessesJoin the Commodities Research team to contribute to unique research projects and team publications.

Responsibilities

Working closely with the Co-Heads of Commodities Research and team, Fellows will:

Generate thematic written research.Develop quantitative models to forecast key variables shaping global energy markets and the energy transition 

Preferred Qualifications

PhD candidate in Economics or Finance (the expected graduation date should be no later than Summer 2026). Meticulous attention to detail and strong organizational skills.Proven capability for original research.Ability to work autonomously and in a team in a fast-paced environment.Strong interpersonal and communication skills.   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.    We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html     © The Goldman Sachs Group, Inc., 2023. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity  

Salary Range

The expected base salary for this New York, New York, United States-based position is $125,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.