Software Developer, Ph.D. Intern (New York) - Summer 2027

The D. E. Shaw Group

$360K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Strong academic background in quantitative fields such as math, statistics, physics, engineering, or computer science.
  • Demonstrable research productivity and creativity in technical studies.
  • Proficient programming skills, preferably in Python, Java, or C/C++, with a focus on producing clean code.
  • Ability to work both collaboratively and independently.
  • Interest in quantitative finance, with no prior finance experience required.
  • Typically pursued by students nearing the completion of their undergraduate programs.

Responsibilities

  • Develop tools for analyzing and trading financial assets.
  • Design and implement scalable, real-time applications for automated trading.
  • Participate in academic speaker series to enhance industry knowledge.
  • Contribute to innovative projects with a focus on financial technology.

Benefits

  • Monthly base salary of $30,000 with additional overtime pay.
  • $30,000 sign-on bonus upon hiring.
  • Travel costs covered for the internship duration.
  • Choice of furnished housing or a $10,000 housing allowance.
  • $3,300 stipend for self-study materials and $4,000 for personal tech equipment.
Full Job Description
What you'll do day-to-day

  • Build tools for analyzing and trading financial instruments.
  • Design and deploy real-time, scalable applications for the firm's highly automated trading activities.
  • Have the chance to attend our academic speaker series and track academic progress in various areas that may be of interest.


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.
  • Keen attention to detail with notable research productivity and a track record of creativity in respective areas of study.
  • Exceptional problem-solving capabilities and programming skills (which may include experience programming in languages such as Python, Java, or C/C++), and an interest in producing clean and efficient code.
  • The ability to collaborate effectively with others as well as work independently is a plus.
  • An interest in learning about quantitative finance; no previous finance experience is necessary.
  • Students who apply to this internship are usually approaching their final year of full-time study.
  • The position offers a monthly base salary of $30,000, overtime pay, a sign-on bonus of $30,000, 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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