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Quant Internship Jobs in Chicago, IL (NOW HIRING)

Optiver

Quantitative Intern (Summer 2027)

Chicago, IL · On-site +1

As part of the interview process, we'll assess your strengths, interests, and skills to determine the best fit, and you may be considered for either a Quant Trading or Quant Research internship offer.

Optiver

Quantitative Intern (Summer 2027)

Chicago, IL · On-site

$70K - $88K/yr

As part of the interview process, we'll assess your strengths, interests, and skills to determine the best fit, and you may be considered for either a Quant Trading or Quant Research internship offer.

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Quant Internship information

See Chicago, IL salary details

$2.5K

$5.4K

$7.9K

How much do quant internship jobs pay per month?

As of Aug 16, 2026, the average monthly pay for quant internship in Chicago, IL is $5,449.67, according to ZipRecruiter salary data. Most workers in this role earn between $3,091.67 and $7,725.00 per month, depending on experience, location, and employer.

What does a quant intern do?

As a Quant Intern, you can expect to work on a diverse set of projects that often include developing and backtesting trading algorithms, analyzing large financial datasets, and creating statistical models to identify market trends or inefficiencies. You may also assist in automating data collection processes and supporting the risk management team with quantitative research. Collaboration is common, as you'll likely work closely with full-time quantitative analysts, software engineers, and traders to solve real-world financial problems. These experiences provide valuable exposure to industry tools and workflows, offering a solid foundation for a career in quantitative finance.

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

To thrive as a Quant Intern, you need a strong background in mathematics, statistics, and programming, typically supported by coursework or degrees in quantitative fields such as mathematics, physics, or computer science. Familiarity with programming languages like Python, R, or C++, and experience with data analysis tools and financial modeling software are highly valued. Strong analytical thinking, attention to detail, and effective communication skills help interns solve complex problems and present their findings clearly. These skills and qualities are crucial for contributing to data-driven decision-making and supporting trading or research teams in a fast-paced financial environment.

What is a quant internship?

A Quant Internship is a short-term position, usually lasting 10-12 weeks, where students or early-career professionals work with quantitative teams at financial institutions like investment banks or hedge funds. Interns typically assist with data analysis, mathematical modeling, and algorithm development to support trading or risk management strategies. This experience provides practical exposure to quantitative finance and programming, helping interns build skills needed for a full-time quantitative analyst role.

What is the difference between Quant Internship vs Quant Analyst?

AspectQuant InternshipQuant Analyst
Required CredentialsTypically pursuing or recent graduate in finance, mathematics, or related fieldBachelor's or master's degree in finance, mathematics, or related field; sometimes certifications like CFA
Work EnvironmentInternship programs in financial firms, often temporary and training-focusedFull-time role in investment banks, hedge funds, or asset management firms
Employer & Industry UsageUsed by firms to evaluate potential future employees; common in finance industryProfessional role responsible for developing models, analyzing data, and supporting trading decisions

In summary, a Quant Internship is a temporary, training-focused position for students or recent graduates, while a Quant Analyst is a full-time professional role with ongoing responsibilities in quantitative finance. Internships often serve as a stepping stone to a full analyst position in the industry.

What are the most commonly searched types of Quant jobs in Chicago, IL?

The most popular types of Quant jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Quant Internship jobs?

Cities near Chicago, IL with the most Quant Internship job openings:

Quant Internship jobs near you
Infographic showing various Quant Internship job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Internship. Highlights an 100% In-person job distribution, with an average salary of $65,396 per year, or $31.4 per hour.

Quant Trading Internship - Summer 2027

CTC Campus - External, Not Advertised

Chicago, IL

$16K/mo

Full-time, Temporary, Internship

Posted 26 days ago

Job description

The Role  

As a Quant Trading (QT) Intern, you will be challenged to learn and adapt in an exciting team environment and will play a substantial role in our day-to-day trading and quant-related activities. Your impact is immediate and meaningful. You will become a member of a team for the summer and play a vital role completing project work and/or identifying trading opportunities and communicating with software engineers, quants, traders, and risk managers throughout the trading day. As part of the Summer Associate cohort, you will learn and socialize alongside other QT Interns and Software Engineering (SE) Interns.

What to Expect

The 8-week internship program gives you insight into our culture and an inward look into what our business is all about. You will participate in three classroom learning experiences including: a week-long Basics of Options class, a multi-week class on the fundamentals of market making (Mock Trading), and a multi-week class that introduces elements of our quant framework (Quant Curriculum). You will also attend planned social activities and talks from various business leaders to propel your professional growth, and build your network with CTC employees and fellow interns. You will:

  • Work in an impactful role mirroring that of a full-time Quant Trading Associate (QTA)
  • Get hands-on experience with trading and exposure to our trading technology
  • Have weekly one-on-one meetings with your manager to ensure you are progressing and learning throughout the program
  • Receive mentorship from members of our trading and/or quant teams
  • Experience a culture with a strong emphasis on teamwork and collaboration built through various educational and social activities

What it takes for you to be successful  

  • You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team
  • You have a desire to work in tandem with traders, quants, developers, and other experts to further CTC's goal of providing world class liquidity to financial markets
  • You love solving complex problems
  • You're intellectually curious and like to challenge the status quo
  • You can effectively communicate sophisticated ideas both written and verbally
  • Strong quantitative and analytical abilities
  • Basic programming skills or a willingness to learn Python
  • No prior experience in finance is necessary, but a deep curiosity and hunger to learn about finance and trading is essential

Key Requirements  

  • You are pursuing a Bachelor's or Master's degree. All majors and concentrations welcome.
  • You will graduate between December 2027-June 2028
  • You have a demonstrated record of success (academics, awards, etc.)
  • You are willing to relocate to Chicago, IL for the summer (with full-time placement in Chicago)
  • You can participate in the full duration of the 8-week program from mid-June to early August 2027

Why should you consider interning at CTC?

  • Be part of a fast-growing, industry-leading global trading company
  • Work in an environment that actively explores and applies emerging technologies - including AI - to enhance trading, engineering, and research workflows
  • Opportunity to work with and learn from leaders in our industry
  • Excellent support system to ensure your learning and development
  • Competitive pay, free housing with your fellow interns in downtown Chicago, and free breakfast, lunch, and snacks!

Compensation

Monthly salary of $16,500 plus a signing bonus

Please note: You are allowed to submit one application per position (i.e. SE Intern and QT Intern) during the recruiting cycle. We recommend focusing on applying for the role that aligns most closely with your skills and interests. While you can apply for more than one role, please keep in mind that each application will be assessed according to the specific requirements set for that role.

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