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Math Research Internship Jobs in Elgin, IL (NOW HIRING)

Optiver

Quantitative Intern (Summer 2027)

Chicago, IL · On-site

$70K - $88K/yr

... Quant Research internship offer. What You'll Do: Our internship is designed for curious problem ... Solid foundation in mathematics, probability, and statistics. * Experience with programming or ...

Optiver

Quantitative Research Intern PhD

Chicago, IL · On-site

$80K - $90K/yr

... of mathematicians, scientists and technologists, to develop and enhance the models that drive ... A highly-competitive internship compensation package * Optiver-covered flights, living ...

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All JobsMath Research JobsMath Research Internship JobsMath Research Internship Jobs in Elgin, IL

Math Research Internship information

See Elgin, IL salary details

$2.1K

$6.4K

$7.7K

How much do math research internship jobs pay per month?

As of Aug 29, 2026, the average monthly pay for math research internship in Elgin, IL is $6,365.50, according to ZipRecruiter salary data. Most workers in this role earn between $4,366.67 and $7,575.00 per month, depending on experience, location, and employer.

What is a math research internship?

A Math Research Internship is a temporary position, often held by undergraduate or graduate students, where participants work on mathematical research projects under the guidance of experienced mentors or faculty. These internships provide hands-on experience in applying mathematical theories, developing new approaches to problem-solving, and sometimes contributing to publishable research. Interns gain exposure to real-world applications of mathematics and build valuable skills for academic or industry careers. Math research internships can be found at universities, research institutes, and companies that rely on advanced mathematics.

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

To thrive as a Math Research Intern, you need a solid background in advanced mathematics, analytical thinking, and problem-solving, typically supported by progress toward a relevant degree. Familiarity with mathematical software such as MATLAB, Mathematica, or Python, as well as experience with data analysis and LaTeX for documentation, is often expected. Strong communication, collaboration, and perseverance help interns contribute effectively to research teams and present findings clearly. These skills are crucial for tackling complex problems, advancing research objectives, and communicating results within academic or industry environments.

What types of projects do math research interns typically work on, and how are they integrated into ongoing research teams?

Math research interns often contribute to ongoing projects in areas such as data analysis, algorithm development, statistical modeling, or pure mathematical theory, depending on the organization's focus. Interns usually work under the guidance of a lead researcher or mentor and participate in regular team meetings, progress reviews, and collaborative problem-solving sessions. This structure helps interns gain exposure to real-world research processes and encourages skill development through hands-on experience and feedback. The collaborative environment also allows interns to build professional connections and learn from experienced mathematicians.

What is the difference between Math Research Internship vs Data Analyst?

AspectMath Research InternshipData Analyst
Required CredentialsTypically pursuing or holding a degree in mathematics, statistics, or related fieldsOften requires a degree in statistics, mathematics, or data science
Work EnvironmentAcademic or research institutions, universities, or research labsCorporate, finance, healthcare, or tech companies
Industry UsageUsed in academic research, scientific studies, and theoretical projectsApplied in business analytics, market research, and data-driven decision making

While both roles involve quantitative skills and data analysis, a Math Research Internship focuses on theoretical and academic research in mathematics, often within educational or research institutions. In contrast, a Data Analyst applies data analysis techniques to solve practical business problems in various industries.

What are popular job titles related to Math Research Internship jobs in Elgin, IL?

For Math Research Internship jobs in Elgin, IL, the most frequently searched job titles are:

What job categories do people searching Math Research Internship jobs in Elgin, IL look for?

The top searched job categories for Math Research Internship jobs in Elgin, IL are:

Math Research Internship jobs near you

Campus Quantitative Researcher, UG/MS (Intern)

Chicago, IL • On-site

Jump Trading
Finance and Insurance • 501 - 1,000 employees
Learn more about Jump Tradingexternal

$300K/yr

Full-time, Internship

Re-posted 20 days ago

Job description

Jump Trading Group is committed to world class research. We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Our culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a relentless competitive streak. We believe in winning together and unlocking unique individual talent by incenting collaboration and mutual respect. At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and deploy technologies that change our world, fund start-ups across industries, and partner with leading global research organizations and universities to solve problems.
Our trading teams are each comprised of a dynamic group of traders, quantitative researchers, and engineers who work together to examine the global markets, seeking to understand the complexities of various traded products and exchanges. They leverage their impeccable statistical analysis and data mining skills, using the results of their research to make forecasts and develop profitable predictive trading models.
What You'll Do:
The quant research internship is an intensive 10-week program focused on enhancing your quantitative and programming skills, as well as helping you experience what it's like to be a full-time quant researcher at Jump.
At Jump, our people contribute to trading teams in the following roles, or a blend of all three: quant researcher, quant trader, and quant developer. During our internship you will get training in all of these areas, with a focus on our research process for signal generation, machine learning, trading / market mechanics, C++, Python, and statistics.
You will work with fellow interns to develop your own predictive models and automated trading strategies for live trading. Then you will have the opportunity to work with our trading teams on meaningful projects with real impact while receiving daily 1:1 mentorship from experienced quant researchers, traders, and developers.
Other duties as assigned or needed.
Skills You'll Need:
We are seeking the sharpest analytical minds from top undergraduate and graduate programs.
Ideal candidates will have:
  • Outstanding skills in computer science, machine learning, statistics, and mathematics
  • Competitive spirit and uncommon drive to learn and improve
  • Programming experience
  • Appetite for risk-taking
  • Demonstrated interest in financial markets

Reliable and predictable availability required.
INTERNATIONAL STUDENTS are encouraged to apply. We accept students eligible for CPT/OPT and we sponsor work visas for full-time positions.
The estimated base salary for this role is $300,000 per year.

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