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Algorithm Intern Jobs in Elgin, IL (NOW HIRING)

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...

Optiver

Quantitative Research Intern PhD

Chicago, IL · On-site

$80K - $90K/yr

Using statistical models and machine learning to develop trading algorithms. * Leveraging big data ... Available to intern during Summer 2026 * Open to full-time opportunities upon graduation in 2027 or ...

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Algorithm Intern information

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How much do algorithm intern jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for algorithm intern in Elgin, IL is $16.84, according to ZipRecruiter salary data. Most workers in this role earn between $14.28 and $18.99 per hour, depending on experience, location, and employer.

What does an algorithm intern do?

An Algorithm Intern assists in developing, testing, and optimizing algorithms for use in software applications or systems. Their responsibilities often include researching existing algorithms, implementing new solutions, analyzing data, and collaborating with engineers and data scientists. Interns gain practical experience in coding, problem-solving, and applying mathematical concepts to real-world challenges, usually under the guidance of senior staff. This role provides valuable exposure to the tech industry's practices and helps build skills necessary for advanced roles in software engineering, data science, or research.

What are the key skills and qualifications needed to thrive as an algorithm intern, and why are they important?

To thrive as an Algorithm Intern, you need a strong background in computer science fundamentals, mathematics, and algorithm design, often supported by relevant coursework or a degree in a related field. Familiarity with programming languages such as Python, C++, and tools like Git or Jupyter Notebooks is commonly required. Problem-solving abilities, attention to detail, and effective teamwork are essential soft skills that help interns excel. These skills and qualities are crucial for developing efficient solutions, collaborating on projects, and contributing meaningfully to technical teams.

What types of projects and responsibilities can an algorithm intern expect during their internship?

As an Algorithm Intern, you will typically work on projects involving data analysis, algorithm development, and performance optimization. Daily tasks often include collaborating with senior engineers and data scientists to design, implement, and test algorithms for real-world applications. You may also participate in code reviews, team meetings, and present your results to both technical and non-technical stakeholders. This role provides a great opportunity to gain hands-on experience with industry-standard tools and contribute meaningfully to ongoing projects.

What are popular job titles related to Algorithm Intern jobs in Elgin, IL?

For Algorithm Intern jobs in Elgin, IL, the most frequently searched job titles are:

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Algorithm Intern jobs near you

Algorithmic Trader Intern

TransMarket Group

Chicago, IL

Internship

Re-posted yesterday

Job description

Description

As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior and Senior Traders to assist and learn all facets of automated trading. From researching and analyzing high-frequency tick data and trading performance, to building mathematical models and performing time series analysis, you will experience a deep dive into real-time trading and gain exposure to build your expertise. The ideal candidate is intellectually curious, technically analytical, and has the desire to learn and apply programming skills in a fast-paced environment (Python, C++). 

Responsibilities

  • Work with Junior and Senior Algorithmic Traders to assist and learn all facets of automated trading
  • Develop expertise in market microstructure, tick data, and automated trading systems
  • Build and maintain trading quantitative model tools and analytics
  • Learn and master programming languages
  • Develop, code, maintain and support production-quality automated trading strategies
  • Engage in dynamic research projects and formalized internship educational program

Requirements

  • Pursuing a Bachelor's, Master's, or Doctorate in a technical field or pertinent industry experience such as but not limited to STEM or Finance with a graduation date between December 2027 and Spring 2028
  • Required courses: Data structures, Probability, Statistics and Linear Algebra
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Proficiency and experience in object-oriented programming languages, C++, Python and/or Java preferred 
  • Proficiency and experience in Linux scripting are a plus
  • Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred 
  • Project or internship experience in data analysis, quantitative modeling and/or machine learning
  • Passion for math and software applied to markets and trading
  • Strong understanding of computing, math, probability, statistics, and finance
  • Strong work ethic and willingness to do what it takes to get the job done
  • Excellent verbal and written communication skills
  • Ability to work within a team in a fast-paced environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

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