ZipRecruiter

Log In

1

Quant Intern Jobs in Montclair, NJ (NOW HIRING)

Milliman

Actuarial Intern

Little Falls, NJ · On-site

$21 - $46/hr

  • Medical

  • Life

  • Retirement

  • PTO

What We Are Looking For We are looking for a highly analytical and detail-oriented actuarial intern, preferably a current junior pursuing a quantitative degree, with at least one SOA exam passed and ...

Milliman

Actuarial Intern

Little Falls, NJ

$21 - $46/hr

  • Medical

  • Life

  • Retirement

  • PTO

What We Are Looking For We are looking for a highly analytical and detail-oriented actuarial intern, preferably a current junior pursuing a quantitative degree, with at least one SOA exam passed and ...

New

previous pagenext page

Showing results 21-40

All JobsQuant Intern JobsQuant Intern Jobs in Montclair, NJ

Quant Intern information

Is it hard to get a quant internship?

Securing a quant internship is competitive due to high demand and rigorous requirements. Candidates typically need strong quantitative skills, programming knowledge in languages like Python or C++, and relevant academic backgrounds such as mathematics, finance, or engineering. Strong analytical ability and experience with data analysis tools can improve chances of acceptance.

What skills and qualifications are needed to thrive as a quant intern?

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 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.

How much do quant interns get paid?

Quant interns typically earn between $20 and $40 per hour, with total summer internship stipends ranging from $5,000 to $15,000 depending on the firm and location. Compensation often includes exposure to programming languages like Python or C++ and financial modeling tools. Internships usually last 10 to 12 weeks and may offer additional benefits or bonuses.

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.

What are the most commonly searched types of Quant jobs in Montclair, NJ?

The most popular types of Quant jobs in Montclair, NJ are:

What job categories do people searching Quant Intern jobs in Montclair, NJ look for?

The top searched job categories for Quant Intern jobs in Montclair, NJ are:

What cities near Montclair, NJ are hiring for Quant Intern jobs?

Cities near Montclair, NJ with the most Quant Intern job openings:

Quant Intern jobs near you

Quantitative Researcher - PhD Intern (US)

Citadel

Manhattan, NY • On-site

$4.5K - $5.8K/wk

Other

Posted 28 days ago

Job description

Job Description

At Citadel, our mission is to be the most successful investment team in the world. Quantitative Researchers play a key role in this mission by developing next-generation models and trading approaches for a range of investment strategies. You'll get to challenge the impossible in quantitative research by applying sophisticated and complex statistical techniques to financial markets, some of the most complex data sets in the world.

As an intern, you'll dive into research through an 11 week program that will allow you to collaborate and connect with senior team members. In addition, you'll get the opportunity to network and socialize with peers throughout the internship.

Our signature internship program takes place June through August. Occasionally, we can be flexible to other times of the year. You will be able to indicate your timing preference in the application.

Your Objectives

  • Conceptualize valuation strategies, develop and continuously improve upon mathematical models, and help translate algorithms into code
  • Back test and implement trading models and signals in a live trading environment
  • Use unconventional data sources to drive innovation
  • Conduct research and statistical analysis to build and refine monetization systems for trading signals

Your Skills & Talents

  • PhD degree in mathematics, statistics, physics, computer science, or another highly quantitative field
  • Strong knowledge of probability and statistics (e.g., machine learning, time-series analysis, pattern recognition, NLP)
  • Prior experience working in a data driven research environment
  • Experience with translating mathematical models and algorithms into code (Python, R or C++)
  • Independent research experience
  • Ability to manage multiple tasks and thrive in a fast-paced team environment
  • Excellent analytical skills, with strong attention to detail
  • Strong written and verbal communication skills

Opportunities available in New York, Miami, Greenwich, and Houston.

In accordance with applicable law, the base salary range for this role is $4,500 to $5,800 per week.

About Citadel

Citadel is one of the world's leading alternative investment managers. We manage capital on behalf of many of the world's preeminent private, public and nonprofit institutions. We seek the highest and best use of investor capital in order to deliver market leading results and contribute to broader economic growth. For over 30 years, Citadel has cultivated a culture of learning and collaboration among some of the most talented and accomplished investment professionals, researchers and engineers in the world. Our colleagues are empowered to test their ideas and develop commercial solutions that accelerate their growth and drive real impact.

Apply