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Internship Machine Learning Jobs in Illinois (NOW HIRING)

MessageControl

Data Scientist

Chicago, IL · On-site

Must have at least 3 years of professional experience outside of academic or internship settings. Prior research, data science modeling and taking machine learning features to market. * Outstanding ...

MessageControl

Data Scientist

Chicago, IL · On-site

Must have at least 3 years of professional experience outside of academic or internship settings. Prior research, data science modeling and taking machine learning features to market. * Outstanding ...

OceanComm, Inc.

Engineering Intern / Co-op

Chicago, IL

$35 - $55/hr

Understanding of machine learning / signal processing fundamentals * Comfort with linear algebra ... End-of-internship demo day * Paid vacation Compensation The pay range for this position is $35 ...

OceanComm, Inc.

Engineering Intern / Co-op

Chicago, IL · On-site

$35 - $55/hr

Understanding of machine learning / signal processing fundamentals * Comfort with linear algebra ... End-of-internship demo day * Paid vacation Compensation The pay range for this position is $35 ...

OceanComm, Inc.

Engineering Intern / Co-op

Chicago, IL · On-site

$35 - $55/hr

Understanding of machine learning / signal processing fundamentals * Comfort with linear algebra ... End-of-internship demo day * Paid vacation Compensation The pay range for this position is $35 ...

DRW

Quantitative Research Intern

Chicago, IL · On-site

$250K - $300K/yr

Formulate and apply mathematical modeling, quantitative methods and machine learning techniques to ... internship * Meaningful projects: Each project, advised by a trader, promotes a comprehensive ...

Optiver

Quantitative Research Intern (PhD)

Chicago, IL · On-site

$80K - $90K/yr

Using statistical models and machine learning to develop trading algorithms. * Leveraging big data ... A highly-competitive internship compensation package * Optiver-covered flights, living ...

TransUnion

Data Science Platform Developer

Chicago, IL · On-site

... interns on a project basis, as needed. * Participate in interviewing and evaluation of new talent ... Experience in genAI-powered machine learning, such as agentic workflows, ontology designs, and ...

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All JobsMachine Learning JobsInternship Machine Learning JobsInternship Machine Learning Jobs in Illinois

Internship Machine Learning information

See Illinois salary details

$24.7K

$41.3K

$85.3K

How much do internship machine learning jobs pay per year?

As of Jul 19, 2026, the average yearly pay for internship machine learning in Illinois is $41,265.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,500.00 and $44,600.00 per year, depending on experience, location, and employer.

What is the difference between Internship Machine Learning vs Data Science Intern?

AspectInternship Machine LearningData Science Intern
Required CredentialsBasic programming, introductory ML knowledgeStatistics, programming, data analysis basics
Work EnvironmentHands-on ML model development, codingData analysis, visualization, reporting
Industry UsageTech, AI companies, research labsBusiness, finance, healthcare sectors

Internship Machine Learning focuses on developing and implementing machine learning models, requiring programming and ML fundamentals. Data Science Internships involve analyzing data, creating reports, and supporting decision-making. Both roles are common in tech and research industries, but ML internships are more specialized in model building, while Data Science internships emphasize data analysis and visualization.

What are the key skills and qualifications needed to thrive as an Internship Machine Learning, and why are they important?

To thrive as a Machine Learning Intern, you generally need a solid grounding in mathematics, programming (especially Python), and familiarity with machine learning concepts, often supported by coursework or relevant projects. Experience with tools and libraries like TensorFlow, scikit-learn, and Jupyter Notebooks, as well as knowledge of version control systems like Git, is typically expected. Strong problem-solving skills, willingness to learn, and effective communication set outstanding interns apart. These skills and qualities enable interns to contribute meaningfully to projects, adapt quickly, and collaborate well within technical teams.

What are internship machine learning positions?

Internship machine learning positions are temporary roles for students or recent graduates to gain hands-on experience in the field of machine learning. Interns typically work on real-world projects involving data analysis, model development, and algorithm implementation under the guidance of experienced professionals. These internships provide valuable exposure to machine learning tools, programming languages such as Python, and industry best practices. They are an excellent way to build technical skills, enhance your resume, and explore career opportunities in artificial intelligence and data science.

What types of projects can I expect to work on during a Machine Learning internship?

As a Machine Learning intern, you may work on a variety of projects such as data preprocessing and cleaning, developing and testing machine learning models, or assisting with research experiments. These projects often involve collaborating closely with data scientists and engineers, learning to use popular frameworks like TensorFlow or PyTorch, and presenting your findings to the team. The scope and complexity of your assignments will typically grow as you demonstrate proficiency and initiative, providing valuable real-world experience and networking opportunities.
What are the most commonly searched types of Machine Learning jobs in Illinois? The most popular types of Machine Learning jobs in Illinois are:
What are popular job titles related to Internship Machine Learning jobs in Illinois? For Internship Machine Learning jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Internship Machine Learning jobs in Illinois look for? The top searched job categories for Internship Machine Learning jobs in Illinois are:
Internship Machine Learning jobs near you
Infographic showing various Internship Machine Learning job openings in Illinois as of July 2026, with employment types broken down into 7% Internship, 1% As Needed, 74% Full Time, 16% Part Time, 1% Temporary, and 1% Contract. Highlights an 87% Physical, 1% Hybrid, and 12% Remote job distribution, with an average salary of $41,265 per year, or $19.8 per hour.
Quantitative Research Intern, Summer 2027

Quantitative Research Intern, Summer 2027

Akuna Capital

Chicago, IL

$145K/yr

Other

Posted 6 days ago

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker - meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models. 

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm's first office in 2011 in the heart of the derivatives industry and the options capital of the world - Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore. 

What you'll do as a Quantitative Research Intern at Akuna:

Akuna's Quant team is looking to add Quant Research Interns to a team of mathematicians, statisticians and technologists for our 10-week Akunacademy internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna's strategy portfolio. In this role you will:

  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:

  • Pursuing a bachelor's, masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python 
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must graduate by August 2028
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

**Resumes must be submitted in PDF format. 

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest. 

In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate's experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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