This is a remote position.
Calisade is a research-driven public markets platform focused on understanding structural shifts in global capital markets and the macroeconomic forces that drive asset prices .
We conduct long-form thematic research across monetary policy, inflation, interest rates, liquidity, fiscal policy, sovereign balance sheets, capital flows, technological investment cycles, and sector-level dislocations .
Our research informs investment vehicles operating downstream, but Calisade itself is a research institution .
We prioritize intellectual rigor over speed, evidence over narrative, and clarity over consensus.
We are looking for a Research Intern with strong macroeconomic and capital-markets fundamentals , ideally a CFA Level II candidate who has cleared Level II or a CFA charterholder/CFA Level III candidate , to contribute to Calisade's research platform.
This is a macro-focused research role . You will study how changes in the global economic and financial environment translate into implications for equities, sectors, valuations, and capital allocation .
The ideal candidate is comfortable asking questions such as:
What does a change in the global rate regime mean for equity valuations?
How do inflation and real yields affect different sectors?
What does fiscal expansion mean for rates, liquidity, and risk assets?
How do changes in global liquidity and credit conditions affect capital flows?
How should investors interpret shifts in sovereign balance sheets?
Which sectors are structurally advantaged or vulnerable under changing macro regimes?
This is not a spreadsheet-only internship. Research, writing, synthesis, and independent thinking are central to the role.
Monitor and analyze major macroeconomic developments across the U.S., India, Europe, China, and other major markets , including:
Inflation and inflation expectations
Central-bank policy and interest-rate cycles
Real and nominal yields
Yield curves and duration sensitivity
Fiscal deficits and sovereign debt dynamics
Global liquidity conditions
Credit spreads and financial conditions
Currency movements
Commodity cycles
Cross-border capital flows
Major structural economic and technological trends
Translate these developments into clear, evidence-based research conclusions .
Connect macroeconomic factors to public markets.
Analyze how changes in the macro environment affect:
Equity valuations
Earnings expectations
Sector performance
Risk premiums
Capital allocation
Corporate financing conditions
Investment cycles
The ability to move from macro â markets â sectors â companies is particularly important.
Support company-level research within broader macro and thematic frameworks.
You may analyze:
Business models and competitive positioning
Revenue and margin durability
Capital allocation
Balance-sheet strength
Valuation
Scenario analysis
Sensitivity to rates, inflation, liquidity, and economic cycles
The objective is not simply to identify "good companies," but to understand how businesses behave under different macroeconomic regimes.
Contribute directly to Calisade's written research output, including:
Long-form macro research papers
Thematic research notes
Company and sector analyses
Weekly research publications
Calisade Digest
You will be expected to defend your reasoning, respond to challenges, revise your work, and improve your analytical framework over time.
Candidates must meet at least one of the following:
CFA Level II passed or above — preferred
CFA Level III candidate
CFA charterholder
MBA from a recognized institution with a strong focus in Finance, Economics, or a closely related discipline
Candidates who have cleared CFA Level II and are continuing toward the charter are particularly encouraged to apply.
We are particularly interested in candidates who have a demonstrated interest or experience in:
Global macroeconomics
Monetary policy
Inflation and real rates
Fixed income and duration
Fiscal policy and sovereign debt
Liquidity and credit cycles
Global capital flows
Cross-asset relationships
Macro-driven equity research
Investment regime analysis
A candidate who can explain why a macroeconomic change matters for markets — rather than simply describe what happened — will stand out.
Preferred backgrounds include:
Finance
Economics
Mathematics
Engineering
Statistics
Quantitative disciplines
Related analytical fields
Candidates should demonstrate a strong understanding of:
Inflation â Interest Rates â Liquidity â Credit â Valuations â Capital Flows â Equity/Sector Outcomes
Experience analyzing public equities is valuable, but strong macroeconomic reasoning and the ability to connect macro factors to markets are more important than having extensive prior equity-research experience.
We are looking for someone who demonstrates:
Analytical precision
Strong macroeconomic intuition
Structured thinking
Excellent written English
Evidence-based reasoning
Intellectual curiosity
Ability to synthesize complex information
Comfort challenging consensus
Willingness to defend and revise an argument
Consistent and reliable execution
You should be able to take a complex macroeconomic development and answer:
What changed? Why did it change? Why does it matter? Who is affected? And what does it imply for markets?
Calisade's credibility is built on research quality and intellectual independence .
As a Research Intern, your work will contribute directly to the research foundation of the platform.
You will gain exposure to:
Institutional-style macroeconomic research
Global public-market analysis
Thematic investment research
Macro-to-equity frameworks
Research writing and publication
Scenario and valuation analysis
A rigorous process for developing and defending investment theses
Success in this role means producing research that is:
CFA Level II cleared or above + strong macroeconomic understanding + public-markets interest + excellent research writing.
If you are interested in global macro, monetary policy, fiscal dynamics, liquidity, capital flows, and how these forces shape equity markets, this role is designed for you.
