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Internship Quantitative Trader Jobs (NOW HIRING)

Anson McCade

Quantitative Researcher

Manhattan, NY · On-site

$200K/yr

Permanent Quantitative Researcher Junior level (internship - 3 years experience) I am working with ... By combining expertise across quantitative research, trading, engineering, and operations, the firm ...

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Internship Quantitative Trader information

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

AspectInternship Quantitative TraderQuantitative Analyst
CredentialsTypically pursuing or recent graduate in finance, mathematics, or related fieldsOften holds or pursuing advanced degrees (Master's or PhD) in finance, mathematics, or statistics
Work EnvironmentInternship setting within trading firms or hedge funds, focused on supporting trading strategiesOffice-based, analyzing data, developing models, and providing insights for trading decisions
Employer & Industry UsageUsed in trading firms, hedge funds, and financial institutions involved in quantitative tradingCommon in investment banks, asset management firms, and financial institutions

While both roles involve quantitative skills and data analysis, an Internship Quantitative Trader focuses on supporting trading activities during an internship, often with less experience required. A Quantitative Analyst typically has more experience or advanced education, developing models and strategies to inform trading decisions.

Does JP Morgan hire quants?

JP Morgan hires quantitative traders and quants for roles in its trading and risk management divisions. These positions typically require strong skills in mathematics, programming, and financial modeling, often using tools like Python, C++, and statistical analysis. Candidates usually need a relevant degree and experience in quantitative analysis or trading environments.

What does a quantitative trading intern do?

A quantitative trading intern assists in developing and testing trading algorithms, analyzing financial data, and supporting trading strategies. They often use programming languages like Python or C++ and work closely with traders and data scientists to optimize trading models and improve decision-making processes.

How to get a quant trader internship?

To secure a quantitative trader internship, candidates typically need strong skills in mathematics, programming (such as Python or C++), and data analysis. Relevant experience through coursework, personal projects, or competitions, along with a solid understanding of financial markets, can improve chances. Applying to firms that offer structured internship programs and preparing for technical interviews are also important steps.
What cities are hiring for Internship Quantitative Trader jobs? Cities with the most Internship Quantitative Trader job openings:
What are the most commonly searched types of Quantitative Trader jobs? The most popular types of Quantitative Trader jobs are:
What states have the most Internship Quantitative Trader jobs? States with the most job openings for Internship Quantitative Trader jobs include:
Internship Quantitative Trader jobs near you
Quantitative Trader Intern

Quantitative Trader Intern

TransMarket Group

Chicago, IL

Full-time, Internship

Re-posted 11 days ago

Job description

Who We Are

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk.

Responsibilities

  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Actively learn and analyze real-time trades
  • Engage in formal internship classroom-style education programs and research projects

Requirements

  • Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
  • Proficiency in Python programming required (1-2 years of experience)
  • Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to help prepare for the interview process.

Benefits

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.