Two Sigma PhD Fellowship

Two Sigma offers annual PhD Fellowships supporting outstanding doctoral students advancing frontier research in STEM fields. The program provides substantial financial support, mentorship, and access to leading technology and finance professionals. Now in its seventh year, the fellowship has become a prestigious award recognizing exceptional emerging researchers.

The Two Sigma PhD Fellowship addresses talent gaps in STEM research, ensuring that exceptional scientists can focus on frontier research without financial constraints. The program emphasizes that rigorous, foundational research drives innovation in finance, technology, and scientific progress.

Applicants should demonstrate a strong research trajectory and provide compelling letters of recommendation from their academic advisors.

Applicants must be enrolled PhD students at accredited U.S. universities, entering at least their third year of study, with two or more years remaining in their program, and demonstrate exceptional research trajectory and promise.

Applications are open to PhD students enrolled at accredited U.S. universities who are entering at least their third year of study. Applicants must demonstrate exceptional research promise and provide two letters of recommendation.

Participants receive substantial financial support, one-on-one mentorship from Two Sigma researchers, access to a professional network, and opportunities for internships and post-doctoral positions.

The application process typically opens in spring/early summer, with continuous evaluation for eligible PhD students.

PhD Fellows frequently transition to quantitative researcher roles at investment firms, machine learning engineer positions in tech, academic faculty research positions, startup founder roles, and government and policy research roles.