Strong analytical and quantitative skills. * Preferred (Not Required) * Coursework in equity valuation, corporate finance, or portfolio theory. * Progress toward or interest in the CFA ® program.
Strong analytical and quantitative skills. * Preferred (Not Required) * Coursework in equity valuation, corporate finance, or portfolio theory. * Progress toward or interest in the CFA ® program.
Quantitative Analysis Intern information
See Michigan salary details
$18.9K - $30.3K
18% of jobs
$34.6K is the 25th percentile. Wages below this are outliers.
$30.3K - $41.7K
19% of jobs
The median wage is $51.2K / yr.
$41.7K - $53.1K
16% of jobs
$53.1K - $64.5K
8% of jobs
$64.5K - $76K
8% of jobs
$82.6K is the 75th percentile. Wages above this are outliers.
$76K - $87.4K
9% of jobs
$87.4K - $98.8K
7% of jobs
$98.8K - $110.2K
3% of jobs
$110.2K - $121.6K
2% of jobs
$121.6K - $133K
5% of jobs
$133K - $144.5K
3% of jobs
$18.9K
$66K
$144.5K
How much do quantitative analysis intern jobs pay per year?
As of Aug 17, 2026, the average yearly pay for quantitative analysis intern in Michigan is $65,972.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,248.00 and $87,378.00 per year, depending on experience, location, and employer.
What does a quantitative analysis intern do?
A Quantitative Analysis Intern typically assists with analyzing data, creating statistical models, and supporting financial or business decision-making using quantitative methods. They may work with programming languages like Python or R, and tools such as Excel to interpret large datasets. Their work often involves researching financial markets, testing strategies, and presenting findings to senior analysts or managers. This role provides hands-on experience in applying mathematical and statistical techniques to real-world problems in finance, consulting, or technology firms.
What types of projects and tasks can a quantitative analysis intern expect to work on during their internship?
As a Quantitative Analysis Intern, you can expect to assist with data collection, cleaning, and statistical analysis to support ongoing research or trading strategies. Interns often work closely with senior analysts and team members to develop predictive models, backtest strategies, and prepare reports on their findings. It's common to collaborate with professionals in both technology and finance, gaining exposure to real-world applications of quantitative methods. This hands-on experience helps interns build both technical and communication skills, while also providing insight into the fast-paced environment of quantitative finance.
What are the key skills and qualifications needed to thrive as a quantitative analysis intern, and why are they important?
To thrive as a Quantitative Analysis Intern, you need a solid background in mathematics, statistics, and data analysis, often supported by coursework in quantitative fields such as finance, economics, or engineering. Familiarity with programming languages like Python or R, Excel, and statistical software is typically required, along with knowledge of data visualization tools. Strong problem-solving abilities, attention to detail, and effective communication set standout interns apart in this role. These skills are crucial for accurately analyzing complex data, communicating insights, and supporting data-driven decision-making in a fast-paced environment.
What is the difference between Quantitative Analysis Intern vs Quantitative Analyst?
| Aspect | Quantitative Analysis Intern | Quantitative Analyst |
|---|---|---|
| Required Credentials | Typically pursuing or recent graduate with a degree in finance, economics, or related fields | Bachelor's or master's degree in a quantitative field; certifications like CFA or FRM are common |
| Work Environment | Internship setting, often part-time or summer roles within finance firms or banks | Full-time professional role in investment firms, banks, or hedge funds |
| Employer & Industry Usage | Used by firms to train and evaluate potential future analysts | Core role responsible for developing models, analyzing data, and supporting investment decisions |
In summary, a Quantitative Analysis Intern is an entry-level position aimed at gaining experience, while a Quantitative Analyst is a full-time professional responsible for in-depth data analysis and model development within the finance industry.
Temporary
Posted 6 days ago
Job description
- Assist with company and sector research, including fundamental analysis and earnings review.
- Support the investment team in building and maintaining financial models.
- Track market developments, economic data, and portfolio holdings.
- Help prepare research summaries and investment committee materials.
- Conduct due diligence on securities and funds under consideration for client portfolios.
- Assist with performance monitoring and benchmarking of existing holdings.
Requirements
- Currently pursuing a bachelor's degree in Finance, Economics, Accounting, or a related field; rising junior or senior preferred.
- Strong interest in equity markets, investment analysis, and portfolio management.
- Proficiency in Microsoft Excel; familiarity with financial data platforms (Bloomberg, FactSet, Morningstar, or similar) a plus.
- Strong analytical and quantitative skills.
- Preferred (Not Required)
- Coursework in equity valuation, corporate finance, or portfolio theory.
- Progress toward or interest in the CFA® program.
- Prior experience with financial modeling or investment research.
Benefits
- Direct mentorship from CFA® professionals, with exposure to live portfolio decisions.
- Hands-on experience with real research and analysis used in client portfolios.
- Exposure to financial data platforms and modeling tools used in professional investment research.
- Competitive hourly pay.
- Flexible scheduling around class commitments.
- Small-firm environment with direct access to senior investment professionals.
- Potential path to future opportunities with the firm.