Global Macro Research, Economics, PhD Fellowship United Kingdom · Associate

Final date to receive applications: 6th February 2026

Global Investment 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.

This 10-week paid fellowship offers Economics or Finance PhD candidates an immersive opportunity to explore a career in Global Macro Research. Fellows will actively contribute to cutting‑edge economic research, gaining hands‑on experience, training, mentorship, and networking. The program is designed to enhance research skills, foster intellectual collaboration, and contribute to high‑quality research outputs that shape investment strategies and influence economic policy.

• Engage in daily workflow and research processes within an economics research team.
• Generate unique, thematic written research on macroeconomic trends and their impact on financial markets.
• Develop and refine quantitative models to forecast economic indicators such as growth, inflation, and interest rates.
• Interpret and comment on high‑frequency economic data releases.
• Build and maintain financial models relevant to macro‑financial analysis.
• Conduct rigorous data collection, cleaning, and analysis using advanced statistical software (e.g., Python, R, Stata, MATLAB, EViews).
• Contribute to research projects and team publications, including drafting sections of reports.

• Currently enrolled in a PhD program in Economics, Finance, or a closely related quantitative discipline.
• Expected graduation date: before the end of 2027.
• Demonstrated strong theoretical foundation in economics and exceptional quantitative analytical skills.
• Advanced proficiency in statistical programming languages (e.g., Python, R, Stata, MATLAB, EViews) and experience with large datasets.
• Proven capability for original and thought‑provoking research.
• Meticulous attention to detail and strong organizational skills.
• Ability to work both autonomously and collaboratively in a fast‑paced, dynamic research environment.
• Strong interpersonal and communication skills, with the ability to convey complex economic concepts clearly and concisely to diverse audiences.

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

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’…