Capital One Financial Corporation

Current PhD, Applied Research Internship Program - Summer 2027

Education, Government & Non-Profit
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Currently enrolled in an accredited PhD Program
  • Completion of 1st year of PhD coursework by June 2027
  • Preferred completion of 2nd or 3rd year of PhD Program
  • Focus in Computer Science, Machine Learning, or related fields
  • Programming experience, especially in Python, and familiarity with deep learning frameworks (e.g. PyTorch)
  • Publications in leading AI conferences (e.g. ICLR, NeurIPS)
  • Research focus in specified advanced AI areas (e.g. Foundation Models, Reinforcement Learning)

Responsibilities

  • Participate in a 12-week summer applied research internship
  • Conduct applied research to solve real-world, large-scale problems
  • Collaborate with a cross-functional team to design AI-powered products
  • Utilize advanced tools and technologies to analyze large datasets
  • Communicate complex research findings to business stakeholders
  • Co-author papers for submission to prominent academic conferences
  • Engage in professional development opportunities, including networking and speaker sessions

Benefits

  • Comprehensive health and wellness benefits
  • Financial benefits to support your well-being
  • Inclusive work environment
  • Opportunities for professional development and networking
  • Potential for permanent full-time position upon internship completion
Full Job Description
Current PhD, Applied Research Internship Program - Summer 2027

Participation in the program requires that you are located in the continental United States with in-person attendance at your assigned location, in accordance with Capital One's hybrid working model

This is a paid internship. This is a limited-time internship position, and Capital One will not sponsor a new applicant for employment authorization for this position. However, a full-time Applied Research role, for which you may be considered upon completion of the internship (subject to business need, market conditions, and other factors) is eligible for employer immigration sponsorship.

Basic Qualifications:
  • Currently enrolled in an accredited PhD Program
  • 1st year of PhD coursework must be completed by June 2027


Preferred Qualifications:
  • Completed 2nd or 3rd of PhD Program
  • PhD in Computer Science, Machine Learning, Computer Engineering, Applied Mathematics, Electrical Engineering or related fields
  • Programming experience (e.g. Python) and experience with at least one deep learning framework (e.g. PyTorch)
  • Publications in leading conferences such as ICLR, NeurIPs, ICML, ACL, NAACL, EMNLP, KDD, or CVPR
  • Focused area of research in one of the following areas:
    • Foundation Models (Language, Vision, Graphs, Time Series and Event Sequences, Tabular), including finetuning and pre-training
    • LLMs (Agentic AI, Reasoning, Test Time Compute Models, Mixture of Experts)
    • Reinforcement Learning (World Models, Reasoning, GRPO, PPO, RLHF)
    • Causal Inference and Decision Making
    • Sequential User Behavior Modeling
    • Model Inference Optimization
    • Interpretability, Responsible/Trustworthy AI Models
    • Recommendation Systems
    • Uncertainty Estimation
    • Agentic Systems


Team Description:

The AI Foundations team is at the center of bringing our vision for AI at Capital One to life. Our work touches every aspect of the research life cycle, from partnering with academia to building production systems. We work with product, technology and business leaders to apply the state of the art in AI to our business.

In this role, you will:
  • Join Capital One for a full-time, 12 week, summer applied research experience, discovering solutions to real world, large-scale problems.
  • Engage in high impact applied research with the goal of taking the latest AI developments and pushing them into the next generation of customer experiences, or contributing to publications in this field.
  • Partner with a cross-functional team of applied researchers, data scientists, software engineers, machine learning engineers and product managers to test and design AI- powered products that change how customers interact with their money.
  • Leverage a broad stack of technologies - Pytorch, AWS Ultraclusters, Huggingface, Lightning, VectorDBs, and more - to reveal the insights hidden within huge volumes of numeric and textual data.
  • Flex your interpersonal skills to translate the complexity of your work into tangible business goals.
  • Partner with leading researchers to publish papers at top academic conferences.
  • Develop professionally through networking sessions, technical deep dives and executive speaker sessions from across Capital One.


The Ideal Candidate:
  • You love the process of analyzing and creating, but also share our passion to do the right thing. You want to work on problems that will help change banking for good.
  • Innovative. You continually research and evaluate emerging technologies. You stay current on published state-of-the-art methods, technologies, and applications and seek out opportunities to apply them.
  • Creative. You thrive on bringing definition to big, undefined problems. You love asking questions and pushing hard to find answers. You're not afraid to share a new idea.
  • Technical. You possess a strong foundation in mathematics, deep learning theory, and the engineering required for contributing to the development of AI.
  • Determined. Strengthen your field of study by applying theory to practice. Bring your ideas to life in industry.


The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $191,000 - $191,000 for Applied Research PhD Intern

New York, NY: $209,000 - $209,000 for Applied Research PhD Intern

San Jose, CA: $209,000 - $209,000 for Applied Research PhD Intern

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please.

About Capital One Financial Corporation

Chevy Chase Bank is the greater Washington region's largest locally-owned banking institution providing a complete array of financial products and services to consumers and businesses in Maryland, Virginia, and the District of Columbia. The Bank, which is headquartered in Bethesda, Maryland, has approximately 250 branches and over 1,000 ATMs, more than anyone else in the greater Washington market. Chevy Chase Bank currently has over $16 billion in assets and services over 1 million customers. For more information about Chevy Chase Bank, please visit chevychasebank.com.

Capital One Financial Corporation Careers

Join the vibrant team at Capital One Financial Corporation, a leader in the financial services industry, where innovation meets purpose-driven leadership. As one of the most forward-thinking companies in banking, Capital One is the perfect place to jumpstart or advance your career with a myriad of job opportunities in various fields.

Work You’ll Do

At Capital One, we are committed to excellence and setting our team members up for success. By joining our dynamic team, you will engage in meaningful work that makes a real difference. From developing cutting-edge technology to crafting personalized financial solutions, every position at Capital One is geared towards redefining the future of banking.

Innovate and Lead

Capital One is not just a company; it's a hub of innovation and leadership. We empower our professionals to lead with their ideas and see them come to life. Our culture thrives on diversity and the unique perspectives each team member brings. Here, your skills in networking, problem-solving, and leadership will not only be valued but also nurtured through professional development and diversity training.

Grow Your Career

Capital One is deeply invested in the growth and development of its employees. With robust training programs, mentorship, and resources for professional enhancement, we ensure that your career trajectory aligns with your personal and professional goals. Whether it’s rising through the ranks or switching tracks via internal job opportunities, your growth is our priority.

Internship and Employment Opportunities

For those starting their journey, Capital One offers enriching internship programs that provide a glimpse into the culture and work ethic that drives our success. Interns gain hands-on experience, valuable insights, and the opportunity to network with leaders across the company. For seasoned professionals, we offer positions that challenge your expertise while encouraging balance and innovation.

Benefits and Culture

Choosing to work at Capital One means opting for a lifestyle where your well-being is prioritized. Our benefits package is designed to support you both at work and in your personal life, encompassing health, finance, and family. The inclusive culture at Capital One ensures that everyone, regardless of background, has the opportunity to thrive.

Join Our Team

Explore the various career paths available at Capital One and discover how your skills and passions can align with our mission. We are continuously hiring across multiple disciplines, eager to welcome curious, creative, and driven individuals to our team.

Stay Connected

Keep up to date with the latest in career opportunities and company news by joining our network. Tailor your job alerts to match your career preferences and get insider tips that can transform your application process, from crafting your resume to acing your interview.

Search Capital One Jobs

Ready to take the next step in your career? Search open positions that match your skills and interests. At Capital One, your next job opportunity could be the gateway to a fulfilling and prosperous career.

Read Careers Blog

Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Capital One Financial Corporation is not just a company—it's a place where you can make an impact. Discover the opportunities waiting for you in a career at Capital One. Join us and shape the future of banking with your vision, skills, and enthusiasm.
Learn more about Capital One Financial Corporation
Size
51,500 employees
Market Cap
$34.1 billion
Industry
Net Income
$2.7 billion
Founded
1994
5 Year Trend
+2.4%
NASDAQ

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