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Intern Quantitative Modeling Jobs in Illinois (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL · On-site

$130K/yr

What you'll do as a Quantitative Research Intern at Akuna: Akuna's Quant team is looking to add ... Develop quantitative models describing market behavior. * Advance existing initiatives and explore ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

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 ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

Optiver

Quantitative Research Intern PhD

Chicago, IL · On-site

$80K - $90K/yr

As a Quantitative Research Intern, you will work side-by-side with our Research Team of ... Using statistical models and machine learning to develop trading algorithms. * Leveraging big data ...

Optiver

Quantitative Research Intern (PhD)

Chicago, IL · On-site

$80K - $90K/yr

As a Quantitative Research Intern, you will work side-by-side with our Research Team of ... Using statistical models and machine learning to develop trading algorithms. * Leveraging big data ...

DRW

Quantitative Research Intern

Chicago, IL · On-site

$250K - $300K/yr

As a Quantitative Research Intern you will have an opportunity to solve challenging problems ... Formulate and apply mathematical modeling, quantitative methods and machine learning techniques to ...

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All JobsIntern Quantitative Modeling JobsIntern Quantitative Modeling Jobs in Illinois

Intern Quantitative Modeling information

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

To thrive as an Intern in Quantitative Modeling, you need a solid foundation in mathematics, statistics, and programming, often supported by coursework in quantitative fields like finance, engineering, or computer science. Familiarity with tools such as Python, R, MATLAB, and experience with statistical modeling libraries or financial data systems is highly valuable. Strong analytical thinking, attention to detail, and effective communication skills distinguish top candidates in this role. These skills and qualities are crucial for accurately analyzing complex data, building reliable models, and clearly presenting findings to support business or research decisions.

What is an intern quantitative modeling?

Intern Quantitative Modeling positions are internship roles where students or recent graduates work with experienced quantitative analysts to develop and implement mathematical models that assist in financial decision-making, risk management, or trading strategies. Interns typically use statistical, programming, and analytical skills to analyze large data sets and help solve real-world financial problems. These internships offer hands-on experience with quantitative tools, exposure to industry practices, and opportunities to learn from professionals in fields such as finance, insurance, or technology.

What is the difference between Intern Quantitative Modeling vs Intern Data Analysis?

AspectIntern Quantitative ModelingIntern Data Analysis
Required SkillsMathematics, programming, financial modelingData manipulation, statistical analysis, visualization
Work EnvironmentFinance, investment banks, hedge fundsTech companies, consulting firms, research institutions
Typical TasksBuilding models, forecasting, risk assessmentData cleaning, reporting, trend analysis

Intern Quantitative Modeling and Intern Data Analysis roles often overlap in skills like programming and data handling. However, quantitative modeling focuses more on creating financial or mathematical models used for decision-making, while data analysis emphasizes interpreting data to uncover insights. Both roles are common in finance and tech industries, but they serve different strategic purposes.

What does an intern quantitative modeling do?

As an Intern in Quantitative Modeling, you can expect to assist with developing, testing, and validating mathematical models used for financial analysis, risk assessment, or trading strategies. Typical tasks include working with large datasets, coding in programming languages such as Python or R, and collaborating with senior analysts or data scientists to solve real-world business problems. You'll often participate in team meetings, present your findings, and receive feedback to refine your models. This hands-on experience will help you build strong technical and analytical skills, while giving you exposure to the collaborative nature of quantitative teams in finance or technology firms.
What are the most commonly searched types of Quantitative Modeling jobs in Illinois? The most popular types of Quantitative Modeling jobs in Illinois are:
What cities in Illinois are hiring for Intern Quantitative Modeling jobs? Cities in Illinois with the most Intern Quantitative Modeling job openings:
Intern Quantitative Modeling jobs near you

Quantitative Trader Intern

TransMarket Group

Chicago, IL

Internship

Re-posted 9 days ago

Job description

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk. 

Responsibilities

  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Actively learn and analyze real-time trades
  • Engage in formal internship classroom-style education programs and research projects

Requirements

  • Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
  • Proficiency in Python programming required (1-2 years of experience) 
  • Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics 
  • Minimum major GPA of 3.5/4 or equivalent scale
  • 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
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to help prepare for the interview process.

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