Summer Internship at Bridgewater Associates
We're starting up our search for summer internship candidates, and are having an information session next Tuesday for anyone who might be interested. No knowledge of finance or economics is required -- we're looking for smart people who can think quickly and bring a new perspective. Interested students are more than welcome to contact Stuart Lange (stulange@gmail.com) with any questions.
Bridgewater Associates, Inc.
Information Session – Tuesday, November 27, 5PM at the Nassau Inn
Resume Drop Deadline – 2/7/2008
On-Campus Interviews – 2/21/2008
We're looking for people who can be the leaders of the company – starting on their very first day.
Bridgewater Associates, Inc. is one of the largest managers of hedge fund strategies, with approximately $165 billion in global investments. Since its founding 30 years ago, Bridgewater has developed a deep understanding of fundamental economic and market relationships and uses this logic systematically to trade around the world. The firm is located in Westport, Connecticut and has 475 employees.
There are three ingredients behind Bridgewater's success: its process, its people, and its culture. At Bridgewater, we have invented, and keep inventing, superior approaches to investing and technology. We have fueled this innovation by recruiting talented, creative people from all backgrounds and promoting an invigorating and collaborative work environment. We are committed to the constant pursuit of excellence, and a meritocracy of ideas, not hierarchies, drives decision-making. You can learn more about Bridgewater by visiting www.bwater.com.
What are the keys to Bridgewater's success?
Depth of Understanding: Logic is our edge. What are the fundamental drivers of wages, prices, booms, and busts? How is the balance of power between the emerging and developed world shifting? How can we know more about Ben Bernanke's next move than he does? We need to make sure that no one is studying these things more deeply and effectively than we are – not professors, not traders, not Nobel laureates – because anyone who does will put us out of business.
Meritocracy of ideas: Argue. Criticize. Confront. Challenge. If we let bureaucracy and hierarchy guide our decisions, we won't get all the best ideas. That is why we insist on a culture in which the best ideas win, regardless of who is expressing them or how they are expressed. Everyone is required to generate ideas and actively participate in their objective critique and evaluation.
Constant improvement: Never stop inventing. Sophisticated investors demand exceptional returns. We can deliver on this promise only if we stay at the cutting edge of understanding markets, building optimized portfolios, trading efficiently, and providing expert advice to clients. No matter how good our performance, our systems or processes, we always focus on making them better.
Positions:
MANAGEMENT SUMMER ASSOCIATE (newly created!)
We are looking to hire the next generation of managers. We seek candidates of all backgrounds who have the creativity, initiative, and conceptual intelligence to lead Bridgewater through current and future challenges. The Management Associate program offers an exceptional opportunity to become apprentices to the expert managers running the company. Management associates are exposed to discussions of our major management challenges and opportunities to affect immense change from their first day. Those who succeed quickly find themselves in positions of significant responsibility, often directly managing part of the business in their first couple of years.
INVESTMENT SUMMER ASSOCIATE
Bridgewater's Investment Associates are the intellectual engine essential to creating the ideas and strategies that allow Bridgewater to beat markets. As an IA, you will learn the following:
How economic growth, inflation, central bank policy, and external trade impact interest rates, currencies, stock markets, and commodity prices globally
How interest rate and currency conditions impact the economic environment globally
How interest rates, stock markets, currencies, and commodity prices interact and influence one another
How to convert an understanding of the fundamental linkages between economic conditions and market movements into a systemized investment decision-making process
How to build high return, low risk investment portfolios through diversification of asset class returns and active trading strategies
How to interact with sophisticated institutional clients and apply your creativity and knowledge to solve their problems
TECHNOLOGY SUMMER ASSOCIATE
As a Technology Associate, you are integral to our core business and continuing day-to-day operations. In this position, you will receive in-depth training in portfolio management, the markets, and a wide variety of technologies. You will then apply this training toward creating cutting-edge software to automatically perform mission-critical functions in one of our various departments or business units. Recently, our Technology Associates have:
Created a custom programming language for portfolio managers to describe sophisticated investment decisions.
Developed custom systems for performing thousands of trades electronically every day.
Built distributed computing platforms for handling computationally intensive processes in a parallel fashion.
Designed rich web objects that provide flexible and user-driven access to information.
Bridgewater Internships are paid, competitive for the investment and technology industry. Housing is provided.
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