Quick Facts
Brevan Howard internship · at a glance
Roles open and close throughout the year. Check Brevan Howard's careers portal for what is live today, and apply in the first week a role posts.
Before you applyWould your profile get you in?6 questions, under a minute. Compared with real interns who landed similar roles.Check my oddsAlso in this guide
Put real project work on your résumé, with the Attronica Financial Planning & Analysis and Private Company Valuation or the Mangusta Capital Deal Sourcing & Startup Analysis.
Explore all externships →All quick facts
| Fact | Detail |
|---|---|
| Where to apply | Brevan Howard early careers jobs (applications run through the firm's Workday system). The early careers page has the FAQ and the process |
| Application window (2027–28) | Summer 2027: open now. The seven New York postings went up September 8 to 21, 2026, and were all live on November 11, 2026. No deadline is published. Summer 2028: expected to open around September 2027 if the calendar holds (projection, medium confidence) |
| Rolling? | Yes. Brevan Howard's FAQ says applications are reviewed on a rolling basis and some roles may close once they're filled |
| Eligibility | Penultimate-year undergraduates (juniors) or first-year master's or PhD students finishing before July 2028. Systematic Trading takes PhD and first-year master's students only; Venture Capital takes penultimate-year undergraduates and first-year master's students. No GPA or work authorization rule is stated in the postings |
| Duration | 10 weeks, starting with one week of training in markets and programming. Start date not published |
| Compensation | $125,000 to $200,000 annualized, prorated over the 10 weeks, depending on track (about $24,000 to $38,500 for the summer, our math), plus a housing stipend and an internship completion bonus (amounts not published) |
| Return offers | The postings say the goal is to convert top performers to the 2028 Graduate Program. Conversion rate and class size are not published |
| Locations | New York for all seven US postings. Brevan Howard also posts summer programs in other regions |
| # Programs | 7 New York tracks: Trading, Systematic Trading, AI & Quantitative Analyst, Systematic Execution Research, Systematic Trading Technology Software Engineer, Systematic Data Strategy and Venture Capital |
Last updated: November 2026
Brevan Howard's 2027 Summer Internship Program is open right now in New York, and the firm prints the pay in each posting. The Trading and Systematic Trading internships pay "an annualized salary of $200,000, prorated for the 10-week duration of the program", plus a housing stipend and an internship completion bonus (Trading, New York posting). That works out to about $38,500 for the 10 weeks before the stipend and bonus (our math: $200,000 x 10/52). Seven New York tracks went up between September 8 and 21, 2026, and all seven were still live on Brevan Howard's Workday board on November 11, 2026. Review is rolling, so roles can close once they're filled. In plain words: you apply during 2026, you intern in summer 2027.
What Is a Brevan Howard Internship?
A Brevan Howard internship is a paid 10-week summer program at the global macro hedge fund, which calls itself "one of the world's premier macro hedge funds" in its postings. In the US it runs in New York as the 2027 Summer Internship Program, split into seven desk-specific tracks: discretionary Trading, Systematic Trading, AI & Quantitative Analyst, Systematic Execution Research, Systematic Trading Technology software engineering, Systematic Data Strategy and Venture Capital with BH Macro Ventures, which the posting describes as "the world's first macro venture fund". Interns start with a week of training, then join a team for nine weeks of project work. Pay is printed in each posting and ranges from $125,000 to $200,000 annualized, prorated.
When Do Brevan Howard Internship Applications Open for 2027–2028?
Brevan Howard posted its US summer 2027 internships in one wave: the seven New York requisitions carry Workday posting dates from September 8 to September 21, 2026. That's about 9 months before a summer start, though the firm hasn't published the 2027 start date. Three of the postings (Trading, Systematic Execution Research and Venture Capital) carry a Workday posting end date of April 30, 2027. That's a field in the job system, not a stated application deadline, and the firm's own FAQ says roles may close earlier once they're filled. We couldn't read the firm's own pages for earlier cycles, so applications for summer 2028 are a projection: expected around September 2027 if this year's calendar holds.
Applications for summer 2027 are open right now. All seven New York tracks were live on November 11, 2026, and review is rolling, so apply this month. Applicants report online assessments running since mid-September.
Virtual assessments. Brevan Howard's FAQ says selected applicants take virtual assessments first. Applicants describe an invite within a few days, a first test of about 20 minutes, and up to three or four stages, each with a short window to finish.
Interviews for summer 2027. Depending on the role, the firm runs technical interviews or case studies, then interviews with the business team. Offers go out on a rolling basis. Applicants report waiting weeks after the assessments.
Workday posting end date on three of the New York tracks for summer 2027. It isn't a published deadline, and a role can close sooner once it's filled.
The 10-week internship in New York: one week of training, then nine weeks on a team. The postings say top performers are considered for the 2028 Graduate Program.
How to read this page: our dates come from tracking previous recruiting cycles and daily posting data. Treat them as informed estimates based on historical patterns, not confirmed dates. The company's official careers page is always the most current source. If a role is posted there, go by that, even if this page suggests the window hasn't opened yet.
Why You Must Apply the Week Applications Open
Brevan Howard's rolling review is the reason to apply now rather than wait for a date. Its early careers FAQ says applications are reviewed on a rolling basis and that "some opportunities may close once positions have been filled." No deadline appears in any of the seven New York postings. The assessments also start fast: applicants on Reddit describe invites within about three days of applying and each stage due within days. Applicants who finished their assessments in mid-September were still waiting in early November, so the pool is being worked through in order. An application sent today joins that queue. One sent in the spring may meet a filled role.
Which Brevan Howard Internship Programs Should You Target?
Seven tracks are open in New York for summer 2027. The table uses the titles, focus and skills from Brevan Howard's own postings.
| Track | Focus | Pay (annualized, prorated) | Key skills from the posting |
|---|---|---|---|
| Trading | Discretionary macro portfolio management teams | $200,000 | Excel, VBA, R, AI and ML techniques |
| Systematic Trading | Systematic portfolio teams; PhD and first-year master's only | $200,000 | Python, Excel, VBA, R |
| AI & Quantitative Analyst | Quant or Applied AI team | $150,000 | Python, interest in AI |
| Systematic Execution Research | Execution analytics and trading performance | $150,000 | Python; Linux, SQL and KDB/Q a plus |
| Systematic Trading Technology Software Engineer | Order execution and market data services | $150,000 | Java; Python, Git and SQL a plus |
| Systematic Data Strategy | Data Sourcing and Strategy team | $125,000 | Excel, VBA, R |
| Venture Capital (BH Macro Ventures) | Deep-tech startup investing | $150,000 | Programming and financial modeling, including Excel |
Every track also pays a housing stipend and a completion bonus. Because the postings allow one application to the Summer Internship Program globally, read each track on the early careers jobs page before you choose.
What Are the Eligibility Requirements?
These rules come from the seven New York postings, read in full on Brevan Howard's Workday system.
• Class year: "A penultimate year undergraduate/junior or 1st year master's or PhD student at a recognized University", with the degree "completed and awarded before July 2028".
• Systematic Trading: PhD candidates or first-year master's students only. Undergraduates can't apply to this track.
• Venture Capital: penultimate-year undergraduates or first-year master's students in engineering, computer science, physics, math, finance, economics or another technical field.
• One application: "you may only submit one application to the Summer Internship Program globally".
• GPA: none stated in any of the seven postings.
• Work authorization and sponsorship: not mentioned in any of the seven postings. Ask the campus team (BHCampusTeam@brevanhoward.com) if this applies to you.
Is the One-Application Rule Strict?
The postings treat it as a rule: you may only submit one application to the Summer Internship Program globally. The early careers FAQ words it more softly and encourages one application for the role that fits you best. Go by the postings. That means one track in one region, so choose between, say, Trading and AI & Quantitative Analyst before you click apply, and check that your class year fits that track.
Profile Match · Extern Data
Could You Get In at Brevan Howard? Compare Your Profile
Based on 543 investment banking summer analysts at top investment banks from the classes of 2025 and 2026 (public LinkedIn profiles, aggregated). Six questions, under a minute.
Which summer are you applying for?
Recruiting timelines differ by class year, so we compare you with the right group.
Which group is your school closest to?
Firms recruit on campus in tiers. We match you against admits from schools like yours.
Is your major finance, economics, accounting or business?
Math and statistics count too. Major is not a hard filter, but it shifts how much your coursework has to prove.
How many internships, externships or research positions have you held so far?
Count anything with a real employer, mentor or principal investigator attached. Retail and food service do not count.
Has any of that experience been finance-related?
Banking, PE or VC, corporate finance, wealth management, equity research, accounting or consulting. Any size of firm counts.
Are you in a finance club, investment fund or case competition team?
Campus clubs are how most admits get their first deal and modelling reps.
Aggregated from public LinkedIn profiles of people who held the internship. No individual profile is shown. Read the full investment banking intern profile analysis and the cross-industry study of 2,500+ intern profiles.
What Skills Does Brevan Howard Look For, and How Do You Build Them?
We read all seven live New York postings in full. Three groups of skills stand out. First, spreadsheet and analysis tools: all seven ask for Excel, and six name "Excel, VBA, and R". Second, programming for the systematic and quant tracks: four list Python, the software engineering track asks for "Programming experience in Java", and Execution Research adds "Linux, SQL, and KDB/Q is a plus". Third, AI: Trading names "AI and ML techniques", the AI & Quantitative Analyst track wants proof of an interest in AI, and Venture Capital asks for the judgment to use AI tools critically. All seven also ask for strong English communication and "An entrepreneurial spirit".
What Brevan Howard looks for in interns
Skills across 7 Brevan Howard intern & analyst job descriptions · live New York postings, November 2026
Method: full-text read of Brevan Howard's seven live New York summer 2027 postings on its Workday system, November 2026. Python and SQL counts include postings that list them as a plus.
How Is Demand for Trading Interns Moving Right Now?
Trading intern postings · Jul–Oct 2026
all internships 2.5×
For Brevan Howard applicants: Brevan Howard's own Workday board listed 17 internship postings on November 11, 2026, and seven of them were New York tracks of its 2027 Summer Internship Program.
Daily US job-posting counts, Jul–Oct 2026; each bar is that month's daily average. Growth = October vs July; “all internships” = the 48 intern searches tracked across the whole period. Covers under half of US postings; shows direction, not market size.
Build These Skills Before You Apply
Each skill below comes from the New York postings and maps to a remote Externship you can work on while your application is in review.
| Skill (from real JDs) | JD evidence | Externship that builds it |
|---|---|---|
| Excel and financial modeling | All seven postings ask for Excel; Venture Capital wants "financial modeling, including Excel" | Attronica Financial Planning & Analysis and Private Company Valuation |
| Startup assessment | Venture Capital interns assess deep-tech startups with BH Macro Ventures | Mangusta Capital Deal Sourcing & Startup Analysis |
| SQL and data work | Execution Research: "Linux, SQL, and KDB/Q is a plus"; software engineering: Git and SQL a plus | SQL & Database Architecture Externship with Breaking Games |
| AI tools and agent workflows | AI & Quantitative Analyst work on AI-powered tools with LLMs and agent workflows | Wayfair n8n AI Agent Engineering |
No open Externship teaches macro trading or Java itself. These cover the modeling, data and AI work that runs through most of the tracks.
What Is the Brevan Howard Application and Interview Process Like?
Brevan Howard's early careers FAQ describes the stages, and applicants on Reddit fill in the timing.
1. Apply once. Pick one track in one region, since the postings allow one application to the Summer Internship Program globally.
2. Virtual assessments. The FAQ says selected applicants are invited to virtual assessments as the first stage. Applicants describe a first test of about 20 minutes, then further stages covering math, reasoning and behavioral questions.
3. Technical interviews or case studies. Depending on the role, the FAQ says the next stage is role-specific technical interviews or case studies.
4. Business interviews. Then interviews with members of the business area you applied to.
5. Offer. Decisions come on a rolling basis. Brevan Howard says the process is designed to assess how you think.
Brevan Howard doesn't publish interview questions, an acceptance rate or a decision date.
What Students on Reddit Say
Summer 2027 applicants mostly talk about the assessments and the wait. These are lightly paraphrased from threads we read in full.
Trading and software applicants said the assessment invite came within about three days of applying. The first test was billed as a 20-minute multi-dimensional assessment, and passing it unlocked more stages: easy math, behavioral questions and an inductive reasoning test, each due within days.
An applicant for the summer 2027 Systematic Trading Technology internship in New York got Assessment 1: about 20 minutes, with seven days to finish it. Another commenter said they received two assessments.
Trading applicants described three assessments with gaps of up to 12 days between them, then weeks of silence. Someone who went through an earlier cycle said it took about a month to hear back and not to read anything into the wait.
How Do You Stand Out for a Brevan Howard Internship?
First, choose the track that fits your class year and skills, because you only get one application. A PhD student with Python is a natural fit for Systematic Trading, while a junior with Excel and a view on rates may fit Trading better. Second, show the tools the postings name: Python for the systematic and AI tracks, Java for software engineering, Excel, VBA and R almost everywhere, and a real interest in macro markets. Venture Capital asks for "Evidence of original thought", so bring an investment view of your own. Third, apply now and keep your assessment windows clear. The postings say the goal is to convert top performers to the 2028 Graduate Program, but Brevan Howard doesn't publish a conversion rate, class size or applicant count.
What Other Companies Should You Consider?
If you're targeting hedge fund internships, these firms also hire summer interns in New York:
- Bridgewater Associatesthe closest by strategy: a global macro fundGuide →
- Millenniummulti-strategy hedge fund with New York internshipsGuide →
- Citadelhedge fund with quant, trading and engineering internshipsGuide →
- Point72multi-strategy fund with investing and data programsGuide →
- Balyasnymulti-strategy fund with macro and AI teamsGuide →
Our quant internships guide compares more trading firms and hedge funds for summer 2027.
FAQ
Can I still apply for a summer 2026 Brevan Howard internship?
No. Summer 2026 is over, so there's nothing left to apply for. The 2027 Summer Internship Program is open right now in New York with seven tracks, and all seven were live on November 11, 2026. Review is rolling, so apply for summer 2027 soon rather than waiting for a deadline.
When do Brevan Howard internship applications open?
Applications for summer 2027 opened in September 2026: the seven New York postings went up between September 8 and 21. That's about 9 months before a summer start. Applications for summer 2028 are expected around September 2027 if the calendar holds, which is our projection from one documented cycle.
Are Brevan Howard internship applications rolling?
Yes. Brevan Howard's early careers FAQ says applications are reviewed on a rolling basis and some opportunities may close once positions have been filled. No deadline is published. A Workday posting end date of April 30, 2027 on three tracks isn't a deadline, so apply as early as you can.
How much does a Brevan Howard intern make?
The New York postings pay $125,000 to $200,000 annualized, prorated for the 10 weeks. Trading and Systematic Trading pay $200,000, Data Strategy $125,000 and the other four tracks $150,000. That's about $24,000 to $38,500 for the summer by our math, plus a housing stipend and a completion bonus.
Who can apply for a Brevan Howard internship?
Penultimate-year undergraduates (juniors) and first-year master's or PhD students whose degree is awarded before July 2028. Systematic Trading takes only PhD and first-year master's students. Venture Capital takes penultimate-year undergraduates and first-year master's students. The postings state no GPA and say nothing about work authorization or sponsorship.
Can I apply to more than one Brevan Howard internship?
No. Each New York posting says you may only submit one application to the Summer Internship Program globally. That covers every track and every region, so choose one role that matches your class year and skills. The early careers FAQ words it more softly, but the postings set the rule.
What is the Brevan Howard internship interview process?
It starts with virtual assessments, according to Brevan Howard's FAQ. Applicants describe a 20-minute first test followed by two or three more. Then come role-specific technical interviews or case studies, and finally interviews with the business team. Applicants who finished assessments in September were still waiting in early November.
Does a Brevan Howard internship lead to a full-time offer?
It can. The postings say the goal of the summer program is to convert top-performing interns to the 2028 Graduate Program, and that longer-term paths include analyst, quant and portfolio manager roles. Brevan Howard doesn't publish a conversion rate or class size, so there's no number to benchmark against.
Brevan Howard's summer 2027 tracks are open now with rolling review, so pick your one track and apply this month. While you wait on assessments, a remote Externship gives you a finished modeling, data or AI project to discuss in interviews.
About the Author
Bifei Wang has spent 17 years focused on human flow and the growth of young professionals, spanning international education, career training and coaching, and recruitment process outsourcing. Over 7 years at Extern, he has had one-on-one sessions with thousands of students exploring careers in consulting, finance, tech, marketing, and data, giving him a firsthand view of how the job market has shifted for early-career professionals and what it actually takes to break in.
