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Algorithms Intern Jobs in Chicago, IL (NOW HIRING)

Scalp Trade LLC

C# Developer Intern

Chicago, IL · On-site

$84K/yr

We are seeking a driven and intellectually curious C# Software Developer Intern to join our dynamic ... Gain experience across the development spectrum--from backend algorithm implementation to API ...

rednote

Growth Intern

Mundelein, IL · On-site

$15.25 - $20.50/hr

The Vibe We're looking for a growth-minded intern who thrives at the intersection of data, product ... algorithm logic, and community culture. Bonus Points If You Have... * Experience running or ...

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Optiver

Quantitative Research Intern (PhD)

Chicago, IL

$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 ...

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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Algorithms Intern information

What does an algorithms intern do?

An Algorithms Intern assists with the research, development, and optimization of algorithms used in various software or engineering applications. Their work often involves analyzing data, implementing algorithmic solutions, and testing their performance under different conditions. Interns may collaborate with more experienced engineers or researchers to solve real-world problems, contribute to ongoing projects, and document their findings. This role is ideal for students or recent graduates with strong backgrounds in mathematics, computer science, or related fields.

What are the key skills and qualifications needed to thrive as an algorithms intern?

To thrive as an Algorithms Intern, you need a solid foundation in mathematics, data structures, and algorithm design, often supported by coursework in computer science or a related field. Familiarity with programming languages such as Python, C++, or Java, along with experience using version control systems like Git, is typically required. Strong problem-solving abilities, analytical thinking, and effective communication skills help you collaborate and present solutions clearly. These competencies are crucial for developing efficient algorithms and contributing meaningfully to technical projects.

What types of projects or tasks can I expect to work on as an algorithms intern?

As an Algorithms Intern, you will typically be involved in solving real-world problems by developing, optimizing, and testing algorithms under the guidance of experienced engineers or researchers. Your daily tasks may include analyzing data sets, prototyping new approaches, benchmarking algorithm performance, and collaborating with cross-functional teams such as software engineers and data scientists. You may also participate in code reviews and present your findings to the team, gaining hands-on experience in both independent and collaborative work environments.

What is the difference between Algorithms Intern vs Data Science Intern?

AspectAlgorithms InternData Science Intern
Required CredentialsUndergraduate or graduate in CS, Math, or related fieldsUndergraduate or graduate in Data Science, Statistics, or related fields
Work EnvironmentTech companies, research labs, startupsTech companies, finance, healthcare, research institutions
Employer & Industry UsageFocus on algorithm development, optimization, and implementationFocus on data analysis, modeling, and insights generation

Algorithms Interns typically focus on developing and optimizing algorithms, often requiring strong programming and mathematical skills. Data Science Interns work on analyzing data, building models, and deriving insights. While both roles involve programming and statistical knowledge, Algorithms Interns are more specialized in algorithm design, whereas Data Science Interns focus on data analysis and interpretation.

Algorithms Intern jobs near you

Quantitative Research Intern, Summer 2027

Akuna Capital

Chicago, IL • On-site

$145K/yr

Full-time, Temporary, Internship

Re-posted 23 days ago

Job description

About Akuna:
Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker - meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models.
Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm's first office in 2011 in the heart of the derivatives industry and the options capital of the world - Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore.
What you'll do as a Quantitative Research Intern at Akuna:
Akuna's Quant team is looking to add Quant Research Interns to a team of mathematicians, statisticians and technologists for our 10-week Akunacademy internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.
We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna's strategy portfolio. In this role you will:
  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:
  • Pursuing a bachelor's, masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must graduate by August 2028
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

**Resumes must be submitted in PDF format.
In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!
Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest.
In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate's experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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