Quantitative Analyst Intern (New York) - Summer 2027

D. E. Shaw & Co.

$300K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Strong academic performance in math, statistics, physics, engineering, computer science or related fields.
  • Experience or enthusiasm for working with data in a research-focused setting.
  • Proficiency in high-level programming languages, especially Python.
  • Excellent abstract reasoning and problem-solving skills, with a foundation in probability and statistics.
  • Active enrollment in a full-time degree program, ideally nearing completion.

Responsibilities

  • Engage in a research project using various statistical modeling techniques.
  • Develop software applications to analyze financial datasets.
  • Work closely with a mentor from a quantitative research team.
  • Collaborate effectively with quantitative analysts, developers, and senior representatives.

Benefits

  • Monthly base salary of $25,000.
  • Overtime pay and a sign-on bonus of $25,000.
  • Coverage for travel to and from the internship.
  • Choice of furnished summer housing or a $10,000 housing allowance.
  • $3,300 stipend for self-study materials.
  • $4,000 stipend for personal technology equipment.
Full Job Description
What you'll do day-to-day

  • Work on a research project that typically involves exploring a variety of statistical modeling techniques and writing software to analyze financial data.
  • Collaborate with a dedicated mentor in one of our quantitative research groups, and work closely with quants, developers, and senior staff.


What we're looking for

  • An impressive record of academic achievement, including advanced coursework in fields such as math, statistics, physics, engineering, computer science, or other technical and quantitative programs.
  • Interest or experience working in a data-driven research environment, including manipulation of data using high-level programming languages such as Python, is preferred.
  • An exceptional aptitude for abstract reasoning, problem solving, and quantitative thinking, in addition to prior probability and statistics knowledge, is a plus.
  • An interest in learning about quantitative finance; no previous finance experience is necessary.
  • Enrollment in a full-time degree program; students who apply to this internship are usually approaching their final year of full-time study.
  • The position offers a monthly base salary of $25,000, overtime pay, a sign-on bonus of $25,000, travel coverage to and from the internship, and a choice of furnished summer housing or a $10,000 housing allowance. It also includes a $3,300 stipend for self-study materials and a $4,000 stipend for personal technology equipment. If you have questions about the compensation, please ask one of our recruiters.


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