Quantitative Associate

Be You. Be Bold. Choose Duke.

Be You.

Be Bold.

What You’ll Do:

• Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.


• Develop quantitative models to assess investment manager factor exposures and identify drivers of return.


• Contribute to private asset cash flow forecasting and pacing models to inform portfolio construction and liquidity management.


• Research, develop, and backtest systematic investment strategies in collaboration with investment teams.


• Explore and implement AI/ML techniques to enhance investment decision-making and optimize operational workflows.


• Design, build, and maintain interactive dashboards and visualizations to communicate complex data and insights to stakeholders across the organization.


• Collaborate with investment professionals and operational teams (Finance, Legal) on a variety of cross-functional projects.

What We’re Looking For

• Bachelor’s or Master’s degree in a quantitative field such as Finance, Economics, Statistics, Computer Science, Engineering, or Mathematics.


• A demonstrated passion for investing and a strong desire to learn about financial markets.


• Strong proficiency in R or Python for data analysis, modeling, and automation.


• Excellent communication skills with the ability to articulate complex technical concepts to non-technical audiences.


• An independent thinker with a proactive mindset and a high degree of intellectual curiosity.


• Experience building dashboards and data visualizations using tools like R Shiny, Python Dash, Tableau, or Power BI.


• Familiarity with financial markets, different asset classes, and investment concepts is a plus, but not required.


• Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3–5-year relevant work experience for Quantitative Associate.


• Exposure to machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch) and techniques.


• Experience with database querying (e.g., SQL).

Choose Duke.

Why Join DUMAC?

• Impact: Play a critical role in supporting the mission of a world-class university.


• Exposure: Gain unparalleled experience across public and private markets, working directly with seasoned investment professionals.


• Growth: Join a collaborative, mentorship-driven environment with a clear path for professional development and learning.


• Culture: Be part of a dynamic, intellectually stimulating team that sits at the intersection of technology and finance.

Anticipated Pay Range: Duke University provides an annual base salary range for this position as USD $125,000.00 to USD $140,000.00. Duke University considers factors such as (but not limited to) scope and responsibilities of the position; candidate's work experience, education/training, and key skills; internal peer equity; as well as market and organizational considerations when extending an offer.