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Internship Python Quant Jobs in Illinois (NOW HIRING)

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

Learn and master object-oriented programming languages (C++ and Python) * Build and maintain ... Project or internship experience in data analysis, quantitative modeling and/or machine learning

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Internship Python Quant information

What types of projects can an internship Python quant expect to work on, and how do these contribute to professional development?

As an Internship Python Quant, you can expect to work on data analysis, financial modeling, and algorithm development projects that support trading strategies or risk management. These projects often involve cleaning and analyzing large datasets, implementing statistical models, and automating reporting processes using Python. Collaborating closely with senior quants and traders, you'll gain practical exposure to real-world finance problems and enhance your coding, analytical, and communication skills—an excellent foundation for a future full-time quant role.

What are the key skills and qualifications needed to thrive as an internship Python quant, and why are they important?

To thrive as an Internship Python Quant, you need strong quantitative and analytical skills, foundational knowledge in mathematics or finance, and proficiency in Python programming. Familiarity with data analysis libraries (such as NumPy, pandas, and matplotlib), version control systems like Git, and experience with financial modeling tools are typically required. Attention to detail, problem-solving ability, and effective communication are standout soft skills for collaborating with teams and interpreting complex data. These skills are crucial for developing accurate quantitative models and delivering actionable insights in a fast-paced financial environment.

What is an internship Python quant?

An Internship Python Quant is a student or recent graduate position that focuses on quantitative analysis in fields like finance, trading, or data science, using Python as the primary programming language. Interns in this role typically work on tasks such as data analysis, model development, and algorithmic trading strategies, often supporting senior quantitative analysts or researchers. The position helps interns gain hands-on experience with financial data, statistical modeling, and the application of Python programming to solve real-world quantitative problems.

What is the difference between Internship Python Quant vs Quantitative Analyst?

AspectInternship Python QuantQuantitative Analyst
Required CredentialsTypically pursuing or recent graduate in finance, mathematics, or computer scienceBachelor's or master's in finance, mathematics, or related fields; often requires experience
Work EnvironmentInternship setting, learning-focused, entry-levelFull-time, professional environment, responsible for trading strategies
Employer & Industry UsageFinancial firms, hedge funds, investment banksFinancial institutions, asset management firms, hedge funds
Common Search & ComparisonYesYes

The Internship Python Quant is an entry-level position focused on learning and supporting quantitative trading strategies using Python. In contrast, a Quantitative Analyst is a full-time professional responsible for developing and implementing complex models for trading and risk management. The internship provides foundational experience, while the analyst role involves greater responsibility and expertise.

What are the most commonly searched types of Python Quant jobs in Illinois? The most popular types of Python Quant jobs in Illinois are:
What are popular job titles related to Internship Python Quant jobs in Illinois? For Internship Python Quant jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Internship Python Quant jobs in Illinois look for? The top searched job categories for Internship Python Quant jobs in Illinois are:
What cities in Illinois are hiring for Internship Python Quant jobs? Cities in Illinois with the most Internship Python Quant job openings:
Internship Python Quant jobs near you

Quantitative Research Intern (PhD) - Summer 2027

IMC Inc

Chicago, IL • On-site

$250K/yr

Other

PTO

Re-posted 5 days ago

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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