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Quant Intern Jobs in Chicago, IL (NOW HIRING)

Optiver

Quantitative Research Intern (PhD)

Chicago, IL

$80K - $90K/yr

As a Quantitative Research Intern, you will work side-by-side with our Research Team of mathematicians, scientists and technologists, to develop and enhance the models that drive Optiver's trading.

The Bradford Exchange

Marketing Intern

Niles, IL · On-site

$20/hr

Throughout your internship you will assist marketing managers in conducting quantitative analysis ... Intern events, lunches, outings and more * Professional development and training sessions

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How much do quant intern jobs pay per hour?

As of May 28, 2026, the average hourly pay for quant intern in Chicago, IL is $50.56, according to ZipRecruiter salary data. Most workers in this role earn between $15.54 and $78.96 per hour, depending on experience, location, and employer.

What does a Quant Intern do?

A Quant Intern supports quantitative researchers and traders by analyzing financial data, developing mathematical models, and coding algorithms to improve trading strategies. Interns typically use programming languages like Python and C++ and work with large data sets to identify patterns and optimize risk management. The role requires strong analytical skills, proficiency in statistics, and a solid understanding of financial markets.

What are the key skills and qualifications needed to thrive in the Quant Intern position, and why are they important?

To thrive as a Quant Intern, you need a solid background in mathematics, statistics, computer science, or a related field, often supported by coursework in probability, calculus, and linear algebra. Proficiency with programming languages such as Python, R, or MATLAB, and familiarity with data analysis tools and version control systems, are commonly required. Exceptional problem-solving skills, attention to detail, and the ability to communicate complex concepts clearly are vital soft skills for this role. These skills enable interns to analyze large datasets, develop quantitative models, and contribute effectively to fast-paced, collaborative finance or technology teams.

What kinds of projects or tasks can I expect to work on as a Quant Intern?

As a Quant Intern, you will typically work on projects involving data analysis, building and testing quantitative models, and assisting in the implementation of trading algorithms or risk management tools. You may be expected to clean and analyze large datasets, backtest strategies, and prepare summaries or visualizations of your findings for your team. Interns often collaborate closely with experienced quantitative analysts and traders, receiving mentorship and guidance throughout the process. This hands-on work provides valuable exposure to the workflow and challenges of quantitative finance, allowing you to build practical skills and a strong foundation for a future career in the field.
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Quant Intern jobs near you
Quantitative Research Intern

Quantitative Research Intern

Akuna Capital

Chicago, IL

$130K/yr

Other

Posted 5 days ago

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore. 

What you’ll do as a Quantitative Research Intern at Akuna:

Akuna’s Quant team is looking to add Quant Research Interns to a team of mathematicians, statisticians and technologists for our 10-week Akunacademy internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna’s strategy portfolio. In this role you will:

  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:

  • Pursuing a bachelor’s, masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python 
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must graduate by August 2027
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

**Resumes must be submitted in PDF format. 

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest. 

In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $130,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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