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Intern Quant Trading Jobs in Chicago, IL (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL · On-site

$130K/yr

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge ... Akuna's Quant team is looking to add Quant Research Interns to a team of mathematicians ...

Akuna Capital

Quantitative Researcher

Chicago, IL

$145K/yr

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group ... 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 · On-site

$145K/yr

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

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Intern Quant Trading information

See Chicago, IL salary details

$18.5K

$107.6K

$255.6K

How much do intern quant trading jobs pay per year?

As of May 28, 2026, the average yearly pay for intern quant trading in Chicago, IL is $107,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $38,490.00 and $157,042.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Intern Quant Trading, and why are they important?

To thrive as an Intern Quant Trading, you need strong analytical skills, proficiency in mathematics and statistics, and a background in fields like finance, computer science, or engineering. Familiarity with programming languages such as Python, C++, or R, and experience using data analysis tools or platforms like MATLAB are typically required. Attention to detail, problem-solving ability, and effective communication help interns stand out in collaborative, high-pressure environments. These skills and qualities are crucial for analyzing large data sets, developing trading algorithms, and contributing to fast-paced, data-driven decision-making.

What types of projects and responsibilities can an Intern Quant Trader expect during their internship?

As an Intern Quant Trader, you can expect to work on a variety of projects ranging from data analysis and model development to back-testing trading strategies. You'll often collaborate closely with experienced traders, quantitative analysts, and software engineers to understand market behaviors, optimize trading algorithms, and contribute to live trading operations. Interns are typically given real-world problems to solve, which may involve using programming languages like Python or C++, analyzing large datasets, and presenting findings to the team. This hands-on experience helps interns build both technical and soft skills, and high-performing interns are often considered for full-time roles post-internship.

What does an Intern Quant Trader do?

An Intern Quant Trader assists quantitative trading teams by analyzing financial data, developing trading algorithms, and backtesting strategies. They often use programming languages like Python or C++ to build models that identify trading opportunities. Interns also monitor market trends, help optimize existing strategies, and may participate in research projects. This role is a hands-on introduction to the fast-paced world of quantitative finance, allowing interns to apply their mathematical and technical skills to real-world trading challenges.

What is the difference between Intern Quant Trading vs Intern Quant Research?

AspectIntern Quant TradingIntern Quant Research
Primary FocusDeveloping trading strategies and executing tradesCreating models and algorithms for market analysis
Work EnvironmentFast-paced trading floors, collaboration with tradersResearch labs, data analysis, and model development
Required SkillsProgramming, market knowledge, risk managementMathematics, statistical modeling, programming
Common Employer UsageHedge funds, proprietary trading firmsQuantitative research teams in finance firms

Intern Quant Trading focuses on developing and executing trading strategies in real-time markets, often working closely with traders. Intern Quant Research emphasizes creating models and algorithms to analyze market data, supporting trading decisions. Both roles require programming and quantitative skills but differ in their immediate objectives and work environment.

What are the most commonly searched types of Quant Trading jobs in Chicago, IL? The most popular types of Quant Trading jobs in Chicago, IL are:
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Intern Quant Trading jobs near you
Quantitative Researcher, Intern (Summer 2027)

Quantitative Researcher, Intern (Summer 2027)

Aquatic Capital Management

Chicago, IL • On-site

Full-time, Temporary, Internship

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Quantitative Researcher, Intern (Summer 2027)

Aquatic was founded with a shared passion for tackling some of the most complex challenges in one of the world's most competitive arenas—global financial markets. From the very beginning, we have been driven by a deep commitment to applying cutting-edge scientific research and technological innovation to deliver unparalleled performance. Our journey is one of continuous growth and exploration, marked by a spirit of curiosity and relentless drive for excellence.

As a Quantitative Research Intern, you will collaborate closely with a team to develop and implement quantitative trading signals, models, and strategies. Our role offers the opportunity to design, implement, and evaluate research systems components using rigorous statistical methodologies. As part of the team, you will gain exposure to diverse research areas, accelerating your expertise in quantitative finance.

Requirements:

  • Active student pursuing a BS, MS, or PhD in mathematics, statistics, machine learning, physics, computer science, or other scientific disciplines with an expected graduation date between Fall 2027 and Spring 2028.
  • Demonstrated proficiency in quantitative analysis and problem-solving
  • Proficiency in Python programming
  • Prior experience tackling data-intensive challenges, conducting and completing statistical or applied mathematical research
  • Successful participation in mathematical competitions is a plus e.g., IMO, Putnam
  • Prior experience in a quantitative role within a trading environment a plus

Desired qualities:

  • Intellectually curious, creative, and rigorous
  • Willingness to challenge assumptions and revise opinions in the face of compelling evidence
  • Self-motivated and highly productive, with a strong sense of urgency and accountability
  • Willing to take ownership of one's work, working both independently and within a small team
  • Meticulous attention to detail
  • Ability to manage and prioritize multiple threads of work
  • Able to work across disciplines
  • Excellent communication and collaboration skills
  • Comfortable providing and receiving actionable feedback in a collaborative team setting

Benefits:

  • Benefits: For full-time employees, fully paid medical, dental, and vision for employees and dependents, competitive 401k plan, employer-paid life & disability insurance
  • Perks: Wellness programs, casual dress, snacks, lunch, game room, team and company events
  • Development: Open environment to maximize learning and knowledge sharing
  • Time: Generous PTO, paid holidays, competitive paid caregiver leaves

Aquatic Capital

This role represents a unique opportunity to join a quantitative investment manager in its early stage of growth. The firm's culture will be shaped by collaboration, meritocracy, ambition, and calm determination.

Aquatic is a proud equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

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