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Internship Hedge Fund Python Jobs in Chicago, IL

Fund Controller

Chicago, IL · Hybrid

$110K - $160K/yr

... coursework or internship in the field of investments or financial markets. * 10+ years of ... Accounting experience in managing private equity, hedge funds or similar types of alternative ...

Senior AI Engineer

Chicago, IL · On-site

$107K - $147K/yr

Required : • 5+ years software engineering; strong Python • Production LLM-powered agent ... hedge fund, or financial services • Firm-wide platform or standards work • Multi-model ...

FPGA Engineer

Chicago, IL

$180K - $280K/yr

QRT are a rapidly growing hedge fund trading globally in competitive financial markets across ... Python scripting * A working knowledge of C/C++ development * An ability to see through complexity ...

FPGA Engineer

Chicago, IL · On-site

$180K - $280K/yr

QRT are a rapidly growing hedge fund trading globally in competitive financial markets across ... Python scripting * A working knowledge of C/C++ development * An ability to see through complexity ...

Senior AI Engineer

Chicago, IL · On-site

$200K - $300K/yr

... Python - Production LLM-powered agent systems shipped (not demos) - Experience integrating agents ... trading, hedge fund, or financial services - Firm-wide platform or standards work - Multi-model ...

Senior AI Engineer

Chicago, IL · On-site

$200K - $300K/yr

... Python - Production LLM-powered agent systems shipped (not demos) - Experience integrating agents ... trading, hedge fund, or financial services - Firm-wide platform or standards work - Multi-model ...

... through internships, extracurricular leadership, or up to 1-2 years of full-time experience ... hedge fund managers, leading project management and primary research efforts. Total Compensation ...

Strong programming skills in Python, SQL, or similar languages, with a track record of building ... Experience at a market making firm, proprietary trading firm, or quantitative hedge fund * Track ...

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Internship Hedge Fund Python information

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How much do internship hedge fund python jobs pay per hour?

As of Jul 20, 2026, the average hourly pay for internship hedge fund python in Chicago, IL is $60.39, according to ZipRecruiter salary data. Most workers in this role earn between $49.76 and $68.61 per hour, depending on experience, location, and employer.

What is the difference between Internship Hedge Fund Python vs Quant Analyst?

AspectInternship Hedge Fund PythonQuant Analyst
Required CredentialsUndergraduate or graduate in finance, computer science, or related fields; programming skills in PythonAdvanced degree (Master's or PhD) in finance, mathematics, or related fields; strong programming and statistical skills
Work EnvironmentInternship setting within hedge funds; focus on learning and support rolesFull-time professional role; involved in model development and trading strategies
Employer & Industry UsageHedge funds, asset management firms; entry-level positionFinancial institutions, hedge funds, proprietary trading firms; analytical and research-focused

Internship Hedge Fund Python positions are typically entry-level, focusing on learning Python programming and supporting hedge fund operations. Quant Analysts are more advanced roles requiring higher education and involve developing quantitative models for trading strategies. While both roles require programming skills, Quant Analysts have a broader scope of responsibilities and higher credentials.

What are the most commonly searched types of Hedge Fund Python jobs in Chicago, IL? The most popular types of Hedge Fund Python jobs in Chicago, IL are:
What job categories do people searching Internship Hedge Fund Python jobs in Chicago, IL look for? The top searched job categories for Internship Hedge Fund Python jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Internship Hedge Fund Python jobs? Cities near Chicago, IL with the most Internship Hedge Fund Python job openings:
Analyst, Fund Administration, Omnium Services

Analyst, Fund Administration, Omnium Services

Northern Trust

Chicago, IL

$48K - $72K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago


Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 26 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Our Integrated Portfolio Services (IPS) group brings together teams that help support investment operations, reporting, insights, and client service across Northern Trust. As an IPS Analyst in Fund Administration, you'll join a dedicated client team supporting a high-profile hedge fund client within Northern Trust Hedge Fund Services. This is a great opportunity to learn how fund accounting, financial reporting, and client support come together in a real-world business setting.

In this role, you'll support core fund administration and financial reporting activities while learning from experienced team members. The position is designed for recent graduates in accounting, finance, or a related field and will help you build foundational skills in monthly NAV close, investor accounting, reconciliations, and financial reporting. You'll start with clearly defined work, including preparing data, completing reconciliations, supporting journal entries, and contributing to client deliverables. Along the way, you'll gain exposure to fund structures, accounting processes, and the systems used to support our clients.

What You'll Do

  • Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review
  • Gather, check, and organize financial data that is shared with clients and investors
  • Support the monthly close process by preparing journal entries, schedules, and reconciliations with guidance from senior team members
  • Assist with financial statements and supporting schedules for funds
  • Prepare audit support materials and help respond to auditor requests with team guidance
  • Take part in team learning, training, and development opportunities
  • Complete assigned tasks while building your technical knowledge of fund administration and IPS processes
  • Follow established processes, meet deadlines, and raise questions or issues when support is needed
  • Contribute ideas that help improve how the team works and delivers for clients

What You'll Gain

  • Hands-on exposure to hedge fund accounting, financial reporting, and client support early in your career, while working with a high-visibility team supporting a marquee hedge fund client.
  • A supportive environment where you can build confidence, learn defined processes, and grow into more complex responsibilities over time.
  • Opportunities to develop skills in technical accounting, financial reporting, data analysis, systems, process management, problem solving, communication, and collaboration.
  • A path to explore future growth within the team, Fund Administration, Integrated Portfolio Services, or other areas of Northern Trust as your experience develops.

The Knowledge and ExperienceYou'll Bring

  • Basic understanding of accounting principles, including debits, credits, and financial statements
  • Strong attention to detail and the ability to stay organized
  • Clear written and verbal communication skills
  • Ability to follow established procedures, manage priorities, and meet deadlines
  • Proficiency in Microsoft Excel
  • Interest in learning financial systems, such as subledger, ERP, or investor accounting platforms
  • Motivation to learn, ask questions, and contribute in a collaborative, team-based environment
  • Bachelor's degree in Accounting, Finance, or a related field required
  • Relevant work experience preferred; recent graduates with relevant coursework or internship experience may be considered

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Salary Range:

$48,000 - 72,000 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.



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