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Internship Discretionary Trader Jobs (NOW HIRING)

DV Trading

Equity Research Analyst

Chicago, IL

$120K - $140K/yr

... internship experience) * Independent initiator with a robust skill set in analytical problem ... This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading ...

DV Trading

Equity Research Analyst

Chicago, IL · On-site

$120K - $140K/yr

... internship experience) * Independent initiator with a robust skill set in analytical problem ... This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading ...

DV Trading

Equity Research Analyst

New York, NY

$120K - $140K/yr

... internship experience) * Independent initiator with a robust skill set in analytical problem ... This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading ...

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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.
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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.

Quantitative Research Intern (PhD) - Summer 2027

IMC Trading

Chicago, IL • On-site

$250K/yr

Full-time

PTO

This job post has expired today. 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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