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Internship Risk Quant Jobs in Boston, MA (NOW HIRING)

Product Analyst

Southborough, MA · On-site

$55K - $90K/yr

... full-risk and MSO models. Under the leadership of Chairman John Sculley (former Apple CEO) and ... Internship or project-based experience in a healthcare or technology setting counts. Healthcare ...

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Internship Risk Quant information

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

To thrive as an Internship Risk Quant, you typically need strong quantitative skills, a solid background in mathematics, statistics, or finance, and progress towards a relevant degree such as in quantitative finance or a related field. Familiarity with programming languages like Python, R, or MATLAB, as well as experience with risk management systems and financial modeling tools, is highly valued. Attention to detail, analytical thinking, and effective communication skills help interns collaborate and present complex findings clearly. These capabilities are critical for analyzing risk data accurately and supporting decision-making in dynamic finance environments.

What are Internship Risk Quants?

Internship Risk Quants are students or recent graduates who take on temporary roles within financial institutions to assist with quantitative analysis related to risk management. Their main responsibilities include analyzing financial data, developing risk models, and helping identify potential risks for the company. These internships provide hands-on experience with statistical tools, programming, and risk assessment in real-world finance environments. The goal is to prepare interns for full-time quantitative risk analyst roles after graduation.

What is the difference between Internship Risk Quant vs Risk Analyst?

AspectInternship Risk QuantRisk Analyst
Required CredentialsTypically pursuing or recent graduate, some quantitative courseworkBachelor's or master's in finance, economics, or related field; certifications like FRM or CFA often preferred
Work EnvironmentInternship setting, often in financial institutions or asset management firmsFull-time role in banks, hedge funds, or investment firms
Industry UsageCommonly used for entry-level or internship positions in risk managementEstablished role for ongoing risk assessment and management

The main difference is that an Internship Risk Quant is an entry-level, temporary position aimed at gaining experience, while a Risk Analyst is a full-time professional role responsible for ongoing risk evaluation within financial organizations.

What types of projects do Risk Quant interns typically work on, and how do these projects contribute to the overall risk management strategy of the firm?

Risk Quant interns often work on projects involving data analysis, model validation, and the development of risk assessment tools under the guidance of senior quants. These projects may include tasks such as back-testing risk models, analyzing large datasets to identify potential risk exposures, and automating reporting processes. By contributing to these initiatives, interns help improve the firm's ability to measure and manage financial risks, gaining practical experience with real-world quantitative finance tools and methodologies. Collaboration with teams like trading, risk management, and IT is common, offering interns broad exposure to how quantitative analysis supports strategic decision-making in the organization.
What job categories do people searching Internship Risk Quant jobs in Boston, MA look for? The top searched job categories for Internship Risk Quant jobs in Boston, MA are:
What cities near Boston, MA are hiring for Internship Risk Quant jobs? Cities near Boston, MA with the most Internship Risk Quant job openings:
Energy & Utilities Analyst - 1898 & Co., Power Systems Planning - Electrical (Wallingford / Conshoho

Energy & Utilities Analyst - 1898 & Co., Power Systems Planning - Electrical (Wallingford / Conshoho

Burns & McDonnell

Newton, MA • On-site

$85K - $110K/yr

Full-time

Retirement

Posted 7 days ago


Burns & McDonnell rating

8.6

Company rating: 8.6 out of 10

Based on 49 frontline employees who took The Breakroom Quiz

4th of 79 rated construction


Job description

Description
At 1898 & Co., part of Burns & McDonnell, our Energy & Utilities team helps clients navigate technical, economic, and regulatory challenges across power generation and delivery systems. We support utilities, developers, and investors through planning, analysis, and advisory services that enable reliable, cost-effective, and sustainable energy solutions.
We are seeking an Energy & Utilities Analyst (i.e. Assistant Electrical Engineer) to support consulting engagements focused on power system analysis, planning, and asset evaluation. This role provides technical and analytical support to project teams performing engineering, financial, and economic studies for transmission and distribution systems and electric generation. The Analyst will work under the guidance of consultants and project managers to deliver high-quality analyses and contribute to informed client decision-making.
What You'll Do
  • Perform a range of technical and analytical support activities related to power systems planning consulting, including:
  • Support power system studies involving generation and transmission and distribution systems, including power flow, stability, short circuit, transient, and reliability analysis
  • Assist with power supply planning, resource evaluation, and system expansion studies for both fossil and renewable generation assets
  • Support engineering, performance, and benchmarking evaluations of power plants and delivery systems
  • Analyze engineering, operational, and economic data to support technical assessments and consulting studies.
  • Assist in the development of life-cycle cost analyses, incorporating capital costs, operation and maintenance costs, performance assumptions, and economic forecasts.
  • Support financial and economic evaluations, including cost benefit analysis and investment planning assessments.
  • Assist with technical and regulatory impact assessments, evaluating implications of policies, standards, and regulatory requirements on utility systems.
  • Support transmission and distribution modeling and study work using industry-standard power system software tools.
  • Contribute to site assessments, due diligence activities, and condition assessments for utility infrastructure and assets.
  • Assist in the preparation and review of engineering drawings, technical documentation, and project deliverables.
  • Support risk assessments related to technical, operational, and business considerations for utility projects.
  • Develop technical reports and client presentations that summarize analysis, assumptions, and recommendations.
  • Support project teams with client deliverables, including engineering reviews, financial analysis, and planning studies for utility systems.
  • Collaborate with internal teams and support multiple Energy & Utilities consulting engagements as needed.
  • Comply with all company policies, safety requirements, and quality standards.
  • Perform other duties as assigned.

Qualifications
  • Bachelor Degree in Electrical Engineering, Finance, Accounting, or related degree from an accredited program required.
  • Bachelor Degree in Electrical Engineering or related degree from an ABET accredited program strongly preferred.
  • Prior internship and/or related consulting experience preferred.
  • Basic knowledge in standard engineering techniques, principles and procedures.
  • Effective written and verbal communication skills.
  • Ability to work methodically and analytically in a quantitative problem-solving environment and demonstrated critical thinking skills.
  • Proficient computer skills (e.g. Microsoft Office Suite).
  • Strong attention to detail, facilitation, team building, collaboration, organization and problem-solving skills.
  • Demonstrated leadership skills.
  • Minimum of a 3.0 GPA strongly preferred.
  • Involvement on campus or in the community preferred.
  • Candidates must be legally authorized to work permanently (i.e., without time limitations, without restrictions or without need for work sponsorship) in the country where this position is located.

Compensation
$85,000.00-110,000.00 Yearly
The expected compensation range for this position is displayed in compliance with all local/state regulations. The expected compensation range for this position is based on a number of factors, including but not limited to: individual education, qualifications, prior work experience and work location. The total annual compensation package will consist of a base salary and eligibility to participate in our discretionary year-end incentive bonus program.
Benefits
Our extensive benefits package takes care of you so that you can focus on doing great work. From insurance and disability to time off and wellness programs, we provide the tools to meet your needs. As part of being 100% employee-owned, eligible employees participate in our Employee Stock Ownership Plan (ESOP) in addition to our 401(k) retirement program. For more information, please visit the Benefits & Wellness page.
This job posting will remain open a minimum of 72 hours and on an ongoing basis until filled.
EEO/Disabled/Veterans
Job Electrical Engineering
Primary Location US-CT-Wallingford
Other Locations US-MA-Newton, US-PA-Conshohocken
Schedule: Full-time
Travel: Yes, 5 % of the Time
About 1898 & Co. 1898 & Co. is a business, technology and security solutions consultancy where experience and foresight come together to unlock lasting advancements. We innovate today to fuel our clients' future growth, catalyzing insights that drive smarter decisions, improve performance and maximize value. As part of Burns & McDonnell, we draw on more than 120 years of deep and broad experience in complex industries as we envision and enable the future for our clients.
Req ID: 262105
Job Hire Type New Grad #LI-EAC #E98 N/A

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About Burns & McDonnell

Sourced by ZipRecruiter

Burns & McDonnell assists clients of all sizes and industries by providing extensive physical services ranging from assessments, integrated security solutions, and large security architecture designs. Services we typically provide include security and safety system design, threat, risk, and vulnerability assessments, security surveys, security master planning, compliance to federal security programs, independent validation and verification of integrated security system operations, management of installation and maintenance, and staff augmentation to develop and implement facility management and protection processes.

Industry

Civil engineering construction

Company size

10,000+ Employees

Headquarters location

Kansas City, MO, US

Year founded

1898

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