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Math Internship Jobs in Illinois (NOW HIRING)

Group One Trading

Trading Analyst Intern

Chicago, IL · On-site

$30 - $35/hr

Summer Internship, June - August 2027(Must be an active college student during Fall 2027) Group One ... of mathematics, economics, physics, engineering or computer science. Candidates should be ...

Optiver

Quantitative Intern (Summer 2027)

Chicago, IL · On-site +1

Our internship is designed for curious problem-solvers who enjoy continuously learning. Through a ... Solid foundation in mathematics, probability, and statistics. * Experience with programming or ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

Project or internship experience in data analysis, quantitative modeling and/or machine learning * Passion for math and software applied to markets and trading * Strong understanding of computing ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

Project or internship experience in data analysis, quantitative modeling and/or machine learning * Passion for math and software applied to markets and trading * Strong understanding of computing ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL

$15.50 - $20.50/hr

Project or internship experience in data analysis, quantitative modeling and/or machine learning * Passion for math and software applied to markets and trading * Strong understanding of computing ...

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Math Internship information

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$11

$18

$33

How much do math internship jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for math internship in Illinois is $18.74, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $20.96 per hour, depending on experience, location, and employer.

What is the difference between Math Internship vs Data Analyst?

AspectMath InternshipData Analyst
Required CredentialsTypically pursuing or recent graduate in Mathematics, Statistics, or related fieldsBachelor's degree in Mathematics, Statistics, Computer Science, or related fields
Work EnvironmentInternship programs in corporate, research, or academic settingsFull-time roles in corporate, finance, tech, or healthcare industries
Employer & Industry UsageEducational institutions, research labs, companies offering internship programsBusinesses analyzing data to inform decisions, improve processes, or develop products

Math internships are typically short-term, entry-level opportunities for students or recent graduates to gain practical experience in mathematical applications. Data analysts are full-time professionals responsible for interpreting data, creating reports, and supporting business decisions. While both roles require strong math skills, internships focus on learning and exposure, whereas data analyst roles involve ongoing responsibilities in data management and analysis.

What types of projects or tasks can I expect to work on during a math internship?

As a Math Intern, you'll typically engage in a variety of analytical tasks such as data analysis, statistical modeling, and assisting with research projects. Depending on the organization, you might work on real-world problems like optimizing processes, interpreting large datasets, or supporting ongoing studies with mathematical computations. Interns often collaborate with experienced mathematicians, data analysts, and other team members, which provides valuable opportunities to learn industry-standard tools and methodologies. These experiences help build both technical and professional skills, laying a strong foundation for future career growth.

What is a math internship?

A math internship is a temporary position that allows students or recent graduates to gain practical experience by applying mathematical concepts and skills in a real-world setting. These internships often involve working on projects related to data analysis, research, statistical modeling, or problem solving in industries such as finance, engineering, technology, or academia. Math internships provide valuable opportunities to learn from professionals, build a network, and enhance a resume, all while exploring potential career paths in mathematics.

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

To thrive as a Math Intern, you need a strong grasp of mathematical concepts, analytical thinking, and problem-solving abilities, often supported by coursework in mathematics or related fields. Familiarity with data analysis tools (like Excel, MATLAB, or Python), and statistical software is typically required. Strong communication, teamwork, and a willingness to learn help you stand out in collaborative, project-based environments. These skills are crucial for effectively contributing to real-world projects, interpreting data, and supporting more experienced professionals in the field.

What are the most commonly searched types of Math jobs in Illinois?

The most popular types of Math jobs in Illinois are:

What are popular job titles related to Math Internship jobs in Illinois?

For Math Internship jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Math Internship jobs in Illinois look for?

The top searched job categories for Math Internship jobs in Illinois are:

What cities in Illinois are hiring for Math Internship jobs?

Cities in Illinois with the most Math Internship job openings:

Math Internship jobs near you
Infographic showing various Math Internship job openings in Illinois as of August 2026, with employment types broken down into 75% Full Time, 22% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 97% Physical, and 3% Remote job distribution, with an average salary of $38,986 per year, or $18.7 per hour.

Actuarial Intern Spring 2027 (CMH Health)

Milliman

Chicago, IL • On-site

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 17 days ago

Milliman rating

8.5

Company rating: 8.5 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Exciting Spring 2027 internship opportunities!
Join our CMH Health Practice!
Milliman's CMH Health Practice is looking for motivated graduates or current college students pursuing a bachelor's or master's degree in actuarial science, math, economics, finance, statistics or another major with quantitative course work to participate in a full-time seasonal (winter-spring) internship with a focus on our Medicare Advantage and Medicare Advantage Part D business areas. We offer competitive pay with the opportunity to work on real world assignments in our vibrant, dynamic, and growing health consulting practice. Candidates should be talented and hard-working individuals with strong math and analytical skills.
Who We Are
Independent for more than 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Time Commitment
This internship will be a full-time seasonal position that requires significant time commitment and is not typically completed at the same time as college coursework. We are ideally looking to fill these positions with individuals who will be available to work during standard business hours and willing to work extended full-time hours (at least 40+ hours per week, along with extended hours, at times of 50+ or 60+ hours per week). This role is eligible for overtime and any hours worked over 40 per week will be paid at time and one-half the hourly rate. The preferred start and end dates are mid-January 2027 to mid-June 2027 depending on business need.
Our Internship Provides You
  • Challenging assignments with practical on the job experience
  • Real world experience working during our busiest season (January through June)
  • Competitive pay and high earning potential with the opportunity to work overtime and receive time and a half
  • Work alongside some of the leading experts within the Medicare Advantage and Part D (MA-PD) healthcare industry
  • Exposure to relevant case studies through our CMH Health training program which focuses on teaching basic and applicable concepts of the MA-PD program
  • Within the MA-PD segment of our practice, exposure to a variety of actuarial functions, including experience studies, valuation, pricing, model development, and forecasting
  • An opportunity to work alongside Milliman's premier MA-PD actuarial consultants, including those in senior management
  • Development of your technical skills with platforms such as Excel, VBA, Python, and SAS
  • Attendance at professional staff meetings and department meetings
  • For those on an actuarial track, day of actuarial exam sitting is paid time off
  • Mentorship from experienced actuaries
  • Housing stipend may be provided
  • Competitive pay
  • Prospect of securing a full-time position with Milliman

Job Responsibilities
  • Perform data analysis using Excel, VBA, SAS, Python, and proprietary Milliman programs to assist with consulting in Medicare Advantage and Part D
  • Pricing and analysis for Medicare Advantage and Part D plans
  • Provide medical, dental, and/or pharmacy benefit design strategy support for insurance carriers
  • Participate in consulting activities including pricing, reserving, financial, projections, and mergers and acquisitions
  • Responsible for reviewing the work of peers and assisting with research and product development
  • Coordinate with Consultants, Managers, Professional Staff, and fellow Interns as a project team to analyze claims data, quantify the cost of insurance coverage, and model payment scenarios for clients
  • Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

Minimum requirements
  • Pursuing a bachelor's or master's degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
  • Junior standing is preferred but not required. Freshmen and sophomores will also be considered
  • Must be able to work full-time from mid-January 2027 to mid-June 2027 (40+ hours per week along with extended hours, at times of 50+ or 60+ hours per week)
  • For those on an actuarial track, at least one actuarial exam passed is preferred, but not required

Competencies and Behaviors that Support Success in this Role
  • Ambition and excitement for professional development
  • Good academic standing (3.2 grade point average or above is preferred)
  • Previous internship or relevant work experience
  • Leadership experience and involvement in extra-curricular activities
  • Experience working with SAS, VBA, or other coding languages is advantageous
  • Strong communication skills (both verbal and written)
  • A detail-oriented self-starter with an entrepreneurial spirit inspired to contribute to the success of any project
  • Ability to work on multiple types of projects at one time
  • Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Analytical thinking skills to evaluate analyses for downstream impact
  • Strong time management skills
  • Ability to work independently and in a team environment
  • Demonstrates integrity in all functions of work
  • Excel, programing, and prior internship experience or work is a plus, but not a requirement for this position

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.
The Team
Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
Location:
It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered. If you decide to work on-site, you will be required to work at least three days (60% of the time) per week in any one of our three CMH Health office locations. The expected application deadline for this job is January 17, 2027.
Compensation:
The overall range for this role is $21 - $46. For candidates residing in:
  • Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $23 - $46.
  • All other locations the range is $21 - $37.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc. This is a non-exempt overtime eligible role.
Benefits:
  • Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
  • 401(k) Plan - When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
  • Paid Time Off (PTO) - Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
  • Transportation - Pre-tax savings for eligible transit and parking expenses.

Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
#LI-#CS1
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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About Milliman

Sourced by ZipRecruiter

Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Industry

Business management consulting

Company size

1,001 - 5,000 Employees

Headquarters location

Seattle, WA, US

Year founded

1947

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