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How much do phd internship salary jobs pay per hour?

As of Aug 30, 2026, the average hourly pay for phd internship salary in the United States is $17.31, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $19.23 per hour, depending on experience, location, and employer.

What is the difference between Phd Internship Salary vs Research Assistant Salary?

AspectPhd Internship SalaryResearch Assistant Salary
Required CredentialsEnrolled PhD studentMaster's or PhD candidate
Work EnvironmentAcademic labs, research projectsUniversities, research institutions
Employer & IndustryUniversities, research centers

Phd internships typically offer stipends or stipends with limited benefits for enrolled students, focusing on gaining research experience. Research assistants usually have a more permanent position with a salary, often with benefits, and may have more responsibilities. Both roles are common in academic and research settings, but internships are more temporary and experience-focused, while research assistant roles are more integrated into ongoing projects.

How much do Phd interns get paid?

PhD interns typically earn between $20 and $40 per hour, depending on the industry, location, and the organization. Salaries can also include stipends or stipends plus benefits, especially in research or academic settings, and often require advanced skills and specialized knowledge.

Is a PhD internship good for a PhD?

A PhD internship provides practical experience, networking opportunities, and skill development relevant to academic and industry careers. It can enhance a PhD candidate's research, professional profile, and job prospects after graduation.

Which PhD internship gives the highest salary?

PhD internships in technology, engineering, and data science tend to offer the highest salaries, often ranging from $30,000 to $50,000 or more annually. These internships typically require strong technical skills, research experience, and may be offered by leading tech companies or research institutions with competitive compensation packages.
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Phd Internship Salary jobs near you
Infographic showing various Phd Internship Salary job openings in the United States as of August 2026, with employment types broken down into 90% Full Time, 8% Part Time, and 2% Contract. Highlights an 83% Physical, 3% Hybrid, and 14% Remote job distribution, with an average salary of $35,995 per year, or $17.3 per hour.

2027 AI Initiatives PhD Internship

StepStone Group

La Jolla, CA • On-site, Remote

$30/hr

Full-time, Part-time, Internship

Posted 26 days ago

Job description

The team you'll join

StepStone's AI Initiatives team focuses on harnessing AI and machine learning to transform private markets investment research. The team spans the entire AI project lifecycle-from identifying high-impact use cases to deploying production-ready solutions-integrating cutting-edge technologies like LLMs, NLP, and advanced quantitative methods to drive strategic outcomes across portfolio analysis, investment performance, and risk assessment. 

About the role

StepStone is seeking highly analytical and technically skilled interns to join the AI Initiatives team. This role is best suited for candidates who combine strong Python and quantitative skills with hands-on experience in LLM application development. Interns will work on production-oriented projects involving LLM pipeline design, structured data extraction, and quantitative modeling to support investment research.

We are looking for team players with a collaborative mindset and a strong work ethic-candidates who take ownership of their work but remain open to feedback, eager to learn from others, and committed to collective success. A low-ego, problem-solving approach is essential for success in this role. 

What you'll do

Interns will design, build, and iterate on LLM-powered solutions-including structured data extraction pipelines, RAG systems, and AI-assisted investment research tools. You'll work hands-on with large financial datasets, applying quantitative modeling and statistical analysis to support investment performance research across StepStone's private markets portfolio.

Key responsibilities

  • Design and iterate on LLM-powered pipelines for document processing tasks such as structured data extraction, RAG system design, prompt engineering, and LLM-output evaluation.
  • Build and optimize quantitative models and end-to-end data pipelines using Python, and SQL for large-scale financial data extraction and transformation.
  • Analyze large financial datasets and apply quantitative modeling to surface investment insights.
  • Document technical findings, model design decisions, and pipeline architecture; communicate results clearly to both technical teammates and non-technical investment stakeholders.

What we're looking for

  • Pursuing a Ph.D. in Mathematics, Physics, Econometrics, Statistics, Engineering, or a related quantitative field. 
  • Ability to work in-person in our La Jolla during the 2027 summer intern program and work part time remotely during the 2028 Fall semester.
  • Strong Python coding skills with experience in data pipelines and quantitative modeling; SQL proficiency required, with demonstrated ability to work with large, messy real-world datasets.
  • Experience or coursework in AI/ML (LLMs, NLP, data retrieval, vector embeddings) is highly preferred. 
  • Strong problem-solving skills with a detail-oriented, hands-on approach to work. 
  • Team-oriented and adaptable-able to balance independent work with collaborative projects. 
  • Open to feedback and continuous improvement, witha strongintellectual curiosity. 
  • Familiarity with cloud data platforms (e.g. Snowflake, Azure), vector databases, or workflow orchestration tools (e.g. Airflow) is a plus.
  • Willingness to contribute at all levels-whether tackling complex modeling orassistingwith data prep, no task is too small. 

Why join us?

At StepStone, we foster a supportive and inclusive team culture where collaboration and learning are the core of what we do. Our collegial atmosphere encourages teamwork, mentorship, and professional development. This summer internship is a great opportunity to gain practical experience and develop critical skills that will help you launch a successful career in private markets.

Click here to learn more about the intern experience.

Salary: $30 / hour

The salary is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary does not include any benefits or other forms of possible compensation that may be available to employees.

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