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Internship Discretionary Trader Jobs (NOW HIRING)

Shell

Real Time Power Trader

San Diego, CA · On-site

$103K - $155K/yr

Trading Jobs Worker Type: Regular Posting Start Date: August 7, 2026 Business Unit: Trading and ... discretionary long-term incentives. For interns, eligible benefits include medical, dental, and ...

DRW

Trade Systems Engineer

Chicago, IL · On-site

$85K - $125K/yr

... technical role (internships or projects count!) * Bachelor's degree in Computer Science ... Responding to trader and engineer request with both urgency and understanding of the bigger ...

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Internship Discretionary Trader information

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How much do internship discretionary trader jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for internship discretionary trader in the United States is $15.54, according to ZipRecruiter salary data. Most workers in this role earn between $12.50 and $17.55 per hour, depending on experience, location, and employer.

What is the difference between Internship Discretionary Trader vs Algorithmic Trader?

AspectInternship Discretionary TraderAlgorithmic Trader
CredentialsTypically pursuing or holding a finance or related degree; some firms require licenses like Series 7 or 63Similar credentials; often requires programming skills and quantitative background
Work EnvironmentOffice-based, supervised, and learning-focused during internshipHigh-tech, data-driven, often collaborative with quantitative teams
Industry UsageCommon in trading firms, investment banks, hedge fundsPrevalent in quantitative trading firms, hedge funds, proprietary trading desks

Internship Discretionary Traders focus on manual trading decisions based on market analysis, often under supervision, while Algorithmic Traders develop and implement automated trading algorithms. Both roles require financial knowledge, but Algorithmic Traders emphasize programming and quantitative skills. The internship provides foundational experience, whereas algorithmic trading involves advanced technical expertise.

What are some typical challenges faced by internship discretionary traders, and how can they be addressed?

Internship Discretionary Traders often face challenges such as managing the emotional aspects of trading, adapting quickly to volatile markets, and developing effective risk management strategies. Interns must learn to make decisions under pressure while balancing guidance from senior traders and their own analysis. Overcoming these challenges involves actively seeking feedback, maintaining discipline in following trading plans, and continually learning from both successes and setbacks. Collaboration with teammates and mentors also plays a significant role in developing the confidence and skills necessary for long-term growth in the trading field.

What is an internship discretionary trader?

Internship Discretionary Traders are interns who work with trading teams, typically at investment banks or hedge funds, to learn and assist in making buy and sell decisions based on market analysis and judgment rather than automated or systematic strategies. They gain hands-on experience in monitoring markets, analyzing financial data, and executing trades under the guidance of experienced discretionary traders. This internship provides exposure to real-time trading environments, risk management, and the decision-making processes that drive discretionary trading. It's a valuable opportunity for students interested in financial markets to develop practical skills and industry knowledge.

What are the key skills and qualifications needed to thrive as an internship discretionary trader?

To thrive as an Internship Discretionary Trader, you need strong analytical skills, quantitative aptitude, and a foundational understanding of financial markets, often supported by coursework in finance, economics, or related fields. Familiarity with trading platforms, financial modeling tools like Excel or Python, and Bloomberg terminals is typically required. Attention to detail, resilience under pressure, and effective communication set top candidates apart. These skills are critical for making informed trading decisions, managing risk, and collaborating effectively in a fast-paced, high-stakes environment.
What cities are hiring for Internship Discretionary Trader jobs? Cities with the most Internship Discretionary Trader job openings:
What are the most commonly searched types of Discretionary Trader jobs? The most popular types of Discretionary Trader jobs are:
What states have the most Internship Discretionary Trader jobs? States with the most job openings for Internship Discretionary Trader jobs include:
What job categories do people searching Internship Discretionary Trader jobs look for? The top searched job categories for Internship Discretionary Trader jobs are:
Internship Discretionary Trader jobs near you
Infographic showing various Internship Discretionary Trader job openings in the United States as of August 2026, with employment types broken down into 8% Internship, 1% As Needed, 65% Full Time, 24% Part Time, 1% Temporary, and 1% Contract. Highlights an 87% Physical, 1% Hybrid, and 12% Remote job distribution, with an average salary of $32,333 per year, or $15.5 per hour.

Students- Junior Trading Desk Internship - Summer 2027

SMB Capital

New York, NY • On-site

$16.50 - $22/hr

Full-time, Temporary, Internship

Re-posted 16 days ago

Job description

SMB Capital - Junior Internship - Summer 2027
Location: In-person only - New York City (Midtown), Austin (The Domain), or Miami (Downtown)
Duration: 8 weeks | Target Start Date: Early June 2027
Eligibility: Current U.S. college students
Compensation: Unpaid (University credit available upon request)
Application Deadline: [4/1/2027]
Launch Your Intraday Trading Career with a Leading Proprietary Firm
SMB Capital is pleased to invite applications for our Summer 2027 Trading Internship, a highly selective and immersive program designed for students who are serious about developing a career in active trading.
Interns will work alongside elite traders and complete a rigorous training curriculum modeled after our full-time new hire program. This experience offers a rare opportunity to gain direct exposure to the fast-paced world of intraday trading-on a professional desk, in real market conditions.
Program Highlights
  • Structured Trader Training
    Complete the same 8-week core training program required of all full-time new traders.
  • Hands-On Experience
    Learn directly from consistently profitable traders in a high-performance, team-oriented environment.
  • Technology-Driven Edge
    Gain exposure to tools and workflows that combine discretionary trading with quantitative edge, including scripting, dynamic alerting, and bionic trading.
  • Collaborative Culture
    Be part of a supportive, competitive, and idea-driven trading floor committed to helping new talent grow.
  • Pathway to Full-Time Opportunity
    Exceptional interns will be invited to join our desk as full-time traders upon graduation.
    Here is a link to a video we made about the internship:
    https://smbcap.wistia.com/medias/58yxooylco

Ideal Candidates
We are looking for students who demonstrate:
  • You have built, analyzed, and optimized an automated trading strategy
  • You can discuss your process for developing automated strategies at length
  • Exceptional attention to detail and the ability to thrive under pressure
  • A competitive drive, intellectual curiosity, and willingness to learn in a team environment
  • Academic backgrounds in computer science, economics, engineering, mathematics, or finance are welcomed-but not required

Prior trading experience is not necessary. We value work ethic, commitment to improvement, desire to collaborate, and a genuine passion for markets.
Your Future at SMB Capital
Top-performing interns who join our desk full-time benefit from a multi-phase career development path:
  • Year 1: Build foundational trading habits and skills. Develop a personal PlayBook. Begin creating basic bionic trading tools with guidance and mentorship from the Trader Development team.
  • Year 2: Join a team of elite-level traders and scale up with advanced risk-taking and multi-product trading (equities, options, futures), and deeper integration of technical, quantitative, and discretionary edge.
  • Years 3+: Scale up with advanced risk-taking and multi-product trading (equities, options, futures), and accelerated growth as a bionic trader through the integration of technical, quantitative, and discretionary edge.
  • Ongoing Support: All traders work in teams and receive constant mentorship from experienced traders and senior partners.

How to Apply
If you are passionate about trading and eager to develop the skills to succeed on a professional active trading desk, we encourage you to apply.
smbcap.com/careers

Apply