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Internship Trader Fixed Income Jobs in Chicago, IL

Northern Trust

Fixed Income Trader

Chicago, IL · Hybrid

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and ...

Northern Trust

Fixed Income Trader

Chicago, IL · On-site

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and ...

Northern Trust

Fixed Income Trader

Chicago, IL · On-site

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and ...

Old National Bank

Securities Trader II

Joliet, IL · On-site

$62K - $122K/yr

Possess the skills to evaluate fixed income securities and their suitability for individual portfolios, including the ability to leverage trading relationships to assist Portfolio Managers and Wealth ...

Old National Bank

Securities Trader II

Joliet, IL · On-site

$62K - $122K/yr

Possess the skills to evaluate fixed income securities and their suitability for individual portfolios, including the ability to leverage trading relationships to assist Portfolio Managers and Wealth ...

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Internship Trader Fixed Income information

See Chicago, IL salary details

$10

$19

$35

How much do internship trader fixed income jobs pay per hour?

As of Aug 12, 2026, the average hourly pay for internship trader fixed income in Chicago, IL is $19.41, according to ZipRecruiter salary data. Most workers in this role earn between $14.86 and $20.05 per hour, depending on experience, location, and employer.

What does an internship trader fixed income do?

An Internship Trader Fixed Income assists professional traders in buying and selling fixed income securities such as bonds, treasuries, and other debt instruments. Interns typically support trade execution, conduct market research, monitor financial news, and analyze data to identify trading opportunities. They may also help prepare reports, track portfolio performance, and learn about risk management strategies. This role provides hands-on experience in the fast-paced environment of fixed income trading, helping interns gain valuable insights into financial markets.

What is the difference between Internship Trader Fixed Income vs Trading Analyst Fixed Income?

AspectInternship Trader Fixed IncomeTrading Analyst Fixed Income
CredentialsTypically pursuing or recent graduate, no required certificationsOften requires a bachelor's degree, some roles prefer certifications like CFA
Work EnvironmentEntry-level, training-focused, supervisedAnalytical, research-driven, collaborative
Employer & Industry UsageInternship programs in banks, asset managersFull-time roles in trading desks, investment firms

Internship Trader Fixed Income positions are entry-level, designed for students or recent graduates gaining initial exposure to fixed income trading. Trading Analyst Fixed Income roles are full-time, analytical positions requiring more experience, focusing on market analysis and trade execution. Both roles are integral to fixed income trading teams but differ mainly in experience level and responsibilities.

What types of projects and responsibilities can an internship trader fixed income expect during their internship?

As an Internship Trader in Fixed Income, you can expect to support senior traders by conducting market research, monitoring bond prices, and analyzing yield curves. Interns often help prepare trade ideas, update trading models, and assist with risk management tasks. You'll likely collaborate closely with trading, research, and operations teams, gaining exposure to the decision-making process in a fast-paced environment. This role offers valuable hands-on experience with fixed income products and the opportunity to develop analytical and communication skills essential for a trading career.

What are the key skills and qualifications needed to thrive as an internship trader fixed income, and why are they important?

To thrive as an Internship Trader in Fixed Income, you need strong analytical abilities, a solid understanding of financial markets, and a relevant degree in finance, economics, or a related field. Familiarity with trading platforms (such as Bloomberg or Reuters), Excel, and basic programming skills in Python or VBA are commonly expected. Attention to detail, resilience under pressure, and effective communication are crucial soft skills that set candidates apart. These competencies enable interns to analyze market data accurately, execute trades efficiently, and contribute to team success in a fast-paced trading environment.
What are the most commonly searched types of Trader Fixed Income jobs in Chicago, IL? The most popular types of Trader Fixed Income jobs in Chicago, IL are:
What are popular job titles related to Internship Trader Fixed Income jobs in Chicago, IL? For Internship Trader Fixed Income jobs in Chicago, IL, the most frequently searched job titles are:
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Internship Trader Fixed Income jobs near you

Fixed Income Trader

Northern Trust

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago

Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Fixed Income Trader

The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement.

The role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of relevant pricing and market developments to portfolio managers and key stakeholders.

Major Duties:

  • Executes fixed income trades while minimizing market impact and transaction costs.

  • Ensures fair, timely, and unbiased trade execution.

  • Partners with clients and internal stakeholders on investment ideas and strategy implementation.

  • Communicates market developments and pricing impacts to portfolio managers and other stakeholders.

  • Ensures accurate and timely trade settlement in accordance with established controls.

  • Maintains relationships with counterparties to support trading execution and liquidity management.

  • Responds promptly to client, portfolio management, and internal partner inquiries.

  • Maintains knowledge of applicable regulations, industry practices, and trading requirements.

  • Adheres to trading procedures, risk controls, and governance standards.

Qualifications:

  • Preferred: College or University degree.

  • 3-5 yrs prior experience in fixed income trading or a closely related trading role.

  • Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws, typically acquired through on-the-job experience and/or completion of a four-year degree, to support effective fixed income trade execution.

  • Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.

Preferred Qualifications:

  • FINRA Securities Licenses 7, 52, and 63 required; Series 53 is a plus.

  • Versatility across multiple fixed income products, supporting broader market insight and cross-product collaboration.

#LI-MG1

#Hybrid

Salary Range:

116,100 to 156,700 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

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