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Machine Learning Intern Jobs in Alsip, IL (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL · On-site

$130K/yr

What you'll do as a Quantitative Research Intern at Akuna: Akuna's Quant team is looking to add ... Develop trading strategies using statistical and machine learning algorithms. * Design and ...

DRW

Quantitative Research Intern

Chicago, IL · On-site

$250K - $300K/yr

As a Quantitative Research Intern you will have an opportunity to solve challenging problems ... Formulate and apply mathematical modeling, quantitative methods and machine learning techniques to ...

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All JobsMachine Learning Intern JobsMachine Learning Intern Jobs in Alsip, IL

Machine Learning Intern information

See Alsip, IL salary details

$26K

$43.4K

$89.6K

How much do machine learning intern jobs pay per year?

As of Aug 7, 2026, the average yearly pay for machine learning intern in Alsip, IL is $43,350.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,100.00 and $46,800.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a machine learning intern, and why are they important?

To thrive as a Machine Learning Intern, you need a solid understanding of statistics, programming (especially Python), and foundational machine learning concepts, typically supported by coursework or a degree in computer science or a related field. Familiarity with tools such as TensorFlow, PyTorch, scikit-learn, and data analysis libraries, as well as experience with version control systems like Git, is highly valuable. Strong problem-solving skills, curiosity, and effective communication set outstanding candidates apart in this role. These abilities are essential for analyzing data, building models, and collaborating with teams to develop innovative AI solutions.

What does a machine learning intern do?

A Machine Learning Intern assists with developing, testing, and deploying machine learning models under the supervision of experienced data scientists or engineers. Their responsibilities may include data preprocessing, feature engineering, coding algorithms, analyzing results, and assisting with research tasks. Interns often work with programming languages like Python and libraries such as TensorFlow or PyTorch. The internship provides hands-on experience in real-world machine learning projects and helps interns build essential skills for a future career in the field.

What is the difference between Machine Learning Intern vs Data Science Intern?

AspectMachine Learning InternData Science Intern
Required CredentialsTypically pursuing or recent graduate in Computer Science, Data Science, or related fields; knowledge of programming and ML frameworksUsually pursuing or recent graduate in Data Science, Statistics, or related fields; strong analytical and programming skills
Work EnvironmentTech companies, research labs, startups focusing on AI/ML projectsBusiness, finance, healthcare, and tech sectors analyzing data for insights
Employer & Industry UsageUsed in companies developing AI products, research institutions, tech startupsCommon in organizations requiring data analysis, reporting, and decision-making support

While both roles involve working with data and programming, a Machine Learning Intern focuses specifically on developing and implementing machine learning models, whereas a Data Science Intern works more broadly on analyzing data, creating reports, and deriving insights. The roles often overlap, but the Machine Learning Intern role emphasizes algorithm development and model deployment.

What types of projects do machine learning interns typically work on, and how are they supported by the team?

Machine Learning Interns often contribute to real-world projects such as data preprocessing, developing and testing models, or assisting with research for new algorithms. Interns are usually paired with a mentor or work within a small team, receiving guidance during code reviews and regular check-ins. This collaborative environment helps interns gain practical experience, quickly overcome challenges, and integrate feedback, ensuring a steep learning curve and valuable industry exposure.

What does a machine learning intern do?

A machine learning intern works in the field of data science. During an internship, you work alongside machine learning engineers who are developing artificial intelligence programs. They do this by writing computer code that allows a software system to run autonomously. Your exact responsibilities depend on the type and level of engineering that the company does. While you likely do not have coding duties, you may help the programmers test or debug their code. You may also work with algorithms and the mathematical aspects of artificial intelligence. A machine learning intern works under the supervision of a lead engineer.

More about Machine Learning Intern jobs
What cities near Alsip, IL are hiring for Machine Learning Intern jobs? Cities near Alsip, IL with the most Machine Learning Intern job openings:
Machine Learning Intern jobs near you

Quantitative Research Intern, PhD (Summer 2027)

Optiver

Chicago, IL • On-site

Other

Re-posted 6 days ago

Job description

As a Quantitative Research Intern, you'll work alongside researchers, engineers, and traders to tackle some of the most challenging quantitative problems in global financial markets. You'll analyze large-scale datasets, develop predictive models and algorithms, and apply statistical and machine learning techniques to uncover patterns in market behavior. AI-driven research at Optiver is where competitive advantage is built, transforming ideas, models, and insights into trading strategies that operate in live markets.
This opportunity is also available in our Austin office.
What You'll Do:
Led by our dedicated Education team, you'll build a strong foundation in market structure and options theory. This internship follows an apprentice-style learning model where you'll work alongside an experienced researcher and contribute to a project that's aligned with current business needs. Throughout the internship, you'll gain exposure to the AI tools and technologies that support research and development across the business, with the opportunity to contribute to several key areas:

  • Develop predictive models and machine learning systems to better understand market behavior and identify trading opportunities
  • Analyze large-scale market and order-flow data to uncover signals, evaluate hypotheses, and improve trading performance
  • Build and test statistical and stochastic models for pricing, forecasting, and risk management
  • Apply modern research techniques, including deep learning and AI-enabled workflows, to accelerate discovery and improve research efficiency
What You'll Get:
You'll join a culture of collaboration, continuous improvement, and excellence, surrounded by curious thinkers and creative problem-solvers. Together, you'll tackle some of the toughest challenges in the financial markets by leveraging cutting-edge machine learning research to develop innovative, real-world solutions.
In addition, you'll receive:
  • The opportunity to work alongside best-in-class professionals from over 40 different countries
  • The opportunity to earn a return internship or full-time offer in Chicago, Austin, or New York City based on performance
  • A highly-competitive internship compensation package
  • Optiver-covered flights, living accommodations, and commuting stipends
  • Extensive office perks, including breakfast, lunch, snacks, regular social events, clubs, sporting leagues, and more
What To Expect:
As part of our assessment process, you may be invited to participate in a multi-day, on-site evaluative program. Through hands-on workshops, technical discussions, and direct exposure to our researchers and traders, you'll gain insight into how research is applied at Optiver and how PhD students transition successfully into industry. Attendance and successful completion of this program may be required to receive an internship offer.
Who You Are:
  • Currently enrolled in a PhD program in Statistics, Computer Science, Machine Learning, Mathematics, or a related STEM field with outstanding academic performance
  • Expected graduation between December 2027 - June 2029 and available to intern during Summer 2027
  • Open to full-time opportunities upon graduation in 2028 or 2029
  • Solid foundation in mathematics, probability, and statistics
  • Excellent research, analytical, and modeling skills
  • Experience applying machine learning methods to real-world research problems, such as time-series analysis, prediction, forecasting, pattern recognition, optimization, or decision-making
  • Proficiency in any programming language
  • Strong interest in working in a fast-paced, collaborative environment
  • Fluent in English with strong written and verbal communication skills

Who We Are:
Optiver is a leading technology- and research-driven trading firm. Our teams of scientists, engineers, mathematicians, and traders work side by side to develop, test, and scale ideas that shape how we understand and trade global markets. Powered by a global platform built for rapid experimentation and iteration, we combine the scientific rigor of a research institution with the pace of a technology company.
Our differences are our edge. Optiver does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, physical or mental disability, or other legally protected characteristics.
Optiver is supportive of US immigration sponsorship for this role.
*Optiver has a global application re-apply policy for our intern and graduate roles. If you have completed an online assessment or interviewed for a quantitative graduate or internship role at any Optiver location in the past 8 months, please note that you are not yet eligible to reapply. We welcome you to re-apply to after the 8-month cool off period.
Below is the expected compensation for this position. This is a good-faith estimate of the base pay scale and sign-on bonus for this position and offers will ultimately be determined based on experience, education, skill set, and performance in the interview process. This position will also be eligible for the benefits listed above.
Base Salary Range
$80,000-$100,000 USD

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