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Algorithm Intern Jobs in Elgin, IL (NOW HIRING)

DRW

FPGA Intern

Chicago, IL · On-site

$225K/yr

As an FPGA Intern , you will build advanced trading applications leveraging cutting-edge technology ... Have strong understanding of data structures, and algorithms * An eagerness to learn and apply what ...

Jump Trading

Digital Modem Engineer

Chicago, IL · On-site

$150K - $250K/yr

Design, simulate, and realize innovative physical layer wireless communication algorithms for low ... both intern and full-time opportunities. Benefits * Discretionary bonus eligibility * Medical ...

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

We are looking for talented researchers who can apply and develop machine learning algorithms to ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

Akuna Capital

Quantitative Researcher

Chicago, IL

$145K/yr

We are looking for talented researchers who can apply and develop machine learning algorithms to ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

OceanComm, Inc.

Engineering Intern / Co-op

Chicago, IL · On-site

$35 - $55/hr

Strong fundamentals (data structures / algorithms or circuits / digital / embedded or controls / mechanical design) * Proficiency in at least one of: C, C++, or Python; comfort with Git and writing ...

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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?

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Algorithm Intern jobs near you

Quantitative Research Intern (PhD) - Summer 2027

IMC Inc

Chicago, IL • On-site

$250K/yr

Other

PTO

This job post has expired 3 days ago. Applications are no longer accepted.

Job description

Our 10-week internship is your chance to experience life as a Quant Researcher at IMC. You will work alongside your mentor to explore new research ideas and build custom analysis tools that may be deployed into production. Throughout the summer, there will be opportunities to enhance your knowledge of options theory, market making, algorithm complexity and trades analysis. We provide a highly competitive compensation package with accommodations included. The bar for talent at IMC is high and interns who meet our performance expectations will have the opportunity to secure a full time Graduate Quant Researcher position at the end of the program. Where you go from here is up to you!
Your Core Responsibilities:

  • Team up with Quant Researchers to work on real projects that have potential to impact our business
  • Enhance your understanding of options theory through classroom-based instruction
  • Develop your research skills with support and feedback from a dedicated mentor and intern lead
  • Build valuable connections in an environment that recognizes and rewards problem solving, innovation and teamwork
  • Engage in professional development sessions aimed at helping you envision your future at IMC
  • Attend a full-schedule of events and social activities to get to know your cohort and current employees
Your Skills and Experience:
  • Current university student graduating between September 2027 - July 2028 that is pursuing a PhD degree in Mathematics, Engineering, Statistics, Physics, Computer Science, or another highly quantitative field
  • Superior numerical, analytical, and critical thinking skills
  • Has a passion for research and solving complex problems
  • A creative thinker who is driven, resilient, and eager to develop trading intuition
  • Experience in a programming language (Python, C, C++) is highly desired
  • Must be able to start internship in-person on June 7, 2027

You may submit one application per role each year. We strongly encourage you to focus on applying to a single role that best matches your skills and interests. Though you may apply to multiple roles, please note that each application will be evaluated based on the specific criteria established for that particular role.If you have already applied for this position during the current recruitment season and were not selected, you may reapply when the next recruitment season begins in 2027.
The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.
Base Salary: $250,000
About Us
IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

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