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Internship Quantitative Developer Jobs in Durham, NC

Duke University

Quantitative Associate

Durham, NC

$125K - $140K/yr

... Engineering, or Mathematics. * A demonstrated passion for investing and a strong desire to learn ... Prior internship or project experience in finance, asset management, or a related quantitative ...

Duke University

Quantitative Associate

Durham, NC · On-site

$125K - $140K/yr

... Engineering, or Mathematics. * A demonstrated passion for investing and a strong desire to learn ... Prior internship or project experience in finance, asset management, or a related quantitative ...

ARM

Intern Program - Engineering Pathways

Raleigh, NC · Hybrid

$16.25 - $21.25/hr

Internships span several areas, with some projects crossing more than one: Hardware & Chip Design ... quantitative field. Some opportunities may require a specific degree level, area of study or ...

IBM

Data Engineer Intern 2027

Research Triangle Park, NC · On-site

For many, it started with an internship. As an IBM intern, you won't just gain experience - you'll ... Currently pursuing a quantitative degree in Computer Science, Statistics, Mathematics, Engineering ...

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Internship Quantitative Developer information

What does an internship quantitative developer do?

An Internship Quantitative Developer assists in designing and implementing quantitative models and tools used in financial analysis, trading, or risk management. They work closely with quantitative analysts and software engineers to develop algorithms, analyze data, and optimize trading strategies. The role typically involves programming, data analysis, and collaborating on research projects, providing valuable hands-on experience in quantitative finance.

What kinds of projects and tasks can an internship quantitative developer expect to work on during their internship?

As an Internship Quantitative Developer, you can expect to work on a variety of projects such as developing and optimizing trading algorithms, analyzing large financial data sets, and creating back-testing frameworks to evaluate model performance. You may also assist in implementing code for pricing, risk management, or automated trading strategies under the guidance of senior quants and developers. Collaboration is common, as you’ll often work closely with quantitative analysts, traders, and software engineers to understand requirements, troubleshoot issues, and refine solutions. This hands-on exposure provides valuable learning opportunities and can be a stepping stone toward a full-time quantitative or developer role.

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

To thrive as an Internship Quantitative Developer, you need a solid background in mathematics, statistics, and programming—typically supported by progress toward a degree in quantitative fields like computer science, engineering, or finance. Familiarity with technical tools such as Python, C++, MATLAB, and version control systems, as well as experience with financial data platforms, is highly valued. Strong analytical thinking, problem-solving abilities, and effective communication skills help you collaborate with teams and interpret complex data. These competencies are crucial for developing robust quantitative models and contributing meaningfully to financial technology projects in a fast-paced environment.

What is the difference between Internship Quantitative Developer vs Quantitative Analyst?

AspectInternship Quantitative DeveloperQuantitative Analyst
Required CredentialsUndergraduate or graduate degree in finance, math, or computer science; programming skillsDegree in finance, economics, or related field; strong analytical skills
Work EnvironmentInternship setting within financial firms, focusing on coding and model developmentFull-time role analyzing data, developing models, and providing trading insights
Employer & Industry UsageUsed by hedge funds, investment banks, and asset managers during internship programsCommon in investment firms, banks, and hedge funds for ongoing analysis

Internship Quantitative Developers typically focus on coding and developing trading algorithms during their internship, while Quantitative Analysts analyze data and develop models in a full-time capacity. Both roles require strong quantitative skills, but the internship is a temporary entry point, whereas the analyst role is a permanent position.

What are popular job titles related to Internship Quantitative Developer jobs in Durham, NC?

For Internship Quantitative Developer jobs in Durham, NC, the most frequently searched job titles are:

What job categories do people searching Internship Quantitative Developer jobs in Durham, NC look for?

The top searched job categories for Internship Quantitative Developer jobs in Durham, NC are:

What cities near Durham, NC are hiring for Internship Quantitative Developer jobs?

Cities near Durham, NC with the most Internship Quantitative Developer job openings:

Internship Quantitative Developer jobs near you
Infographic showing various Internship Quantitative Developer job openings in Durham, NC as of August 2026, with employment types broken down into 10% Internship, 62% Full Time, 25% Part Time, 1% Temporary, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution.

Quantitative Associate

Duke University

Durham, NC

$125K - $140K/yr

Full-time

Medical, Dental, Retirement

Re-posted 24 days ago

Key responsibilities

  • Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.

  • Develop quantitative models to assess investment manager factor exposures and identify drivers of return.

  • Research, develop, and backtest systematic investment strategies in collaboration with investment teams.

Duke University rating

6.7

Company rating: 6.7 out of 10

Based on 55 frontline employees who took The Breakroom Quiz

491st of 631 rated colleges and universities

Job description

Be You. Be Bold. Choose Duke.   Be You.
DUMAC is the investment office that manages a multi-billion dollar global portfolio on behalf of Duke University and other pools of capital. Our mission is to provide critical financial support to the university for professorships, student scholarships, and pioneering research. The Data Science & Risk team serves as a central quantitative hub, partnering with all investment groups to drive data-informed decision-making, enhance portfolio construction, and manage risk.
 
DUMAC is seeking a highly motivated and intellectually curious Quantitative Associate/Analyst to join our Data Science & Risk team. This role is designed to provide deep, cross-functional exposure to all aspects of institutional investing. You will work on high-impact projects that span our Public, Private, and Direct investment portfolios, as well as our back-office operations.
This position offers a robust training ground for a career in quantitative finance and asset management, with the potential for long-term advancement within the organization for exceptional performers. You will be a key contributor to the team, bringing fresh perspectives and technical skills to solve complex investment challenges.

 

  Minimum Qualifications Education

Work requires communications and analytical skills generally acquired through completion of a bachelor's degree program. An MBA and CFA are preferred.

  Experience

Work requires experience in research and financial analysis, generally acquired through two years of related experience. OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE

    Be Bold. What You'll Do:
  • Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.
  • Develop quantitative models to assess investment manager factor exposures and identify drivers of return.
  • Contribute to private asset cash flow forecasting and pacing models to inform portfolio construction and liquidity management.
  • Research, develop, and backtest systematic investment strategies in collaboration with investment teams.
  • Explore and implement AI/ML techniques to enhance investment decision-making and optimize operational workflows.
  • Design, build, and maintain interactive dashboards and visualizations to communicate complex data and insights to stakeholders across the organization.
  • Collaborate with investment professionals and operational teams (Finance, Legal) on a variety of cross-functional projects.
  What We're Looking For
  • Bachelor's or Master's degree in a quantitative field such as Finance, Economics, Statistics, Computer Science, Engineering, or Mathematics.
  • A demonstrated passion for investing and a strong desire to learn about financial markets.
  • Strong proficiency in R or Python for data analysis, modeling, and automation.
  • Excellent communication skills with the ability to articulate complex technical concepts to non-technical audiences.
  • An independent thinker with a proactive mindset and a high degree of intellectual curiosity.
  • Experience building dashboards and data visualizations using tools like R Shiny, Python Dash, Tableau, or Power BI.
  • Familiarity with financial markets, different asset classes, and investment concepts is a plus, but not required.
  • Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3-5-year relevant work experience for Quantitative Associate.
  • Exposure to machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch) and techniques.
  • Experience with database querying (e.g., SQL).
    Choose Duke.   Why Join DUMAC?
  • Impact: Play a critical role in supporting the mission of a world-class university.
  • Exposure: Gain unparalleled experience across public and private markets, working directly with seasoned investment professionals.
  • Growth: Join a collaborative, mentorship-driven environment with a clear path for professional development and learning.
  • Culture: Be part of a dynamic, intellectually stimulating team that sits at the intersection of technology and finance.

Anticipated Pay Range: Duke University provides an annual base salary range for this position as USD $125,000.00 to USD $140,000.00. Duke University considers factors such as (but not limited to) scope and responsibilities of the position; candidate's work experience, education/training, and key skills; internal peer equity; as well as market and organizational considerations when extending an offer.


Your total compensation goes beyond the dollars on your paycheck. Duke provides comprehensive and competitive medical and dental care programs, generous retirement benefits, and a wide array of family-friendly and cultural programs to eligible team members. Learn more at: https://hr.duke.edu/benefits/


Equal Opportunity Employer: Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy- related conditions), sexual orientation, or military status.


Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.


Essential Physical Job Functions:
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and reasonable accommodation(s) can be requested with Duke Access and Accommodations Services (email: DAAS@duke.edu; phone: 919-668-1267).

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About Duke University

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Duke is regarded as one of America's leading research universities. Located in Durham, North Carolina, Duke is positioned in the heart of the Research Triangle, which is ranked annually as one of the best places in the country to work and live. Duke has more than 15,000 students who study and conduct research in its 10 undergraduate, graduate, and professional schools. With about 40,000 employees, Duke is the third largest private employer in North Carolina, and it now has international programs in more than 150 countries.

Industry

Colleges, universities, and professional schools and hospitals

Company size

10,000+ Employees

Headquarters location

Durham, NC, US

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