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Quantitative Analyst Intern information

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$8

$36

$82

How much do quantitative analyst intern jobs pay per hour?

As of Aug 27, 2026, the average hourly pay for quantitative analyst intern in Indiana is $36.96, according to ZipRecruiter salary data. Most workers in this role earn between $16.45 and $54.08 per hour, depending on experience, location, and employer.

What is a quantitative analyst intern?

Quantitative Analyst Interns, often called 'quant interns,' are students or recent graduates who work temporarily at financial institutions, such as banks, hedge funds, or investment firms, to support quantitative research and analysis. Their main role involves applying mathematical, statistical, and programming skills to analyze financial data, build models, and help make investment decisions. The internship provides hands-on experience in quantitative finance, often involving tasks such as backtesting trading strategies, data cleaning, and assisting with risk assessment. This position is ideal for individuals pursuing careers in quantitative finance, data science, or related fields.

What types of projects or tasks can a quantitative analyst intern expect to work on during their internship?

As a Quantitative Analyst Intern, you'll typically be involved in projects such as building and validating financial models, analyzing large datasets to identify patterns or trends, and assisting in the development of trading strategies. You may also work closely with senior quantitative analysts, traders, and software engineers to implement algorithms or back-test strategies using historical data. The role requires strong collaboration and communication skills, as you'll often present your findings to team members and contribute to ongoing research initiatives.

What are the key skills and qualifications needed to thrive as a quantitative analyst intern, and why are they important?

To thrive as a Quantitative Analyst Intern, you need strong analytical abilities, proficiency in mathematics and statistics, and usually progress toward a degree in a quantitative field such as mathematics, finance, or engineering. Familiarity with programming languages like Python or R, experience with data analysis tools, and knowledge of financial modeling are typically required. Attention to detail, problem-solving skills, and effective communication set standout candidates apart. These skills are crucial for analyzing large data sets, developing models, and clearly communicating findings to support informed decision-making in finance.

What is the difference between Quantitative Analyst Intern vs Quantitative Analyst?

AspectQuantitative Analyst InternQuantitative Analyst
Required CredentialsTypically pursuing or recently completed a degree in finance, mathematics, or related fieldsBachelor's degree often required; advanced degrees or certifications like CFA or CQF preferred
Work EnvironmentInternship programs within financial firms, hedge funds, or investment banksFull-time roles in similar environments with more responsibilities
Employer & Industry UsageUsed mainly for training and entry-level positions in finance and investment sectorsFull-fledged professional role in asset management, hedge funds, or investment banks

The main difference between a Quantitative Analyst Intern and a Quantitative Analyst lies in experience, responsibilities, and career stage. Interns are typically students gaining exposure, while analysts are full-time professionals handling complex models and decision-making processes.

What are the most commonly searched types of Quantitative Analyst jobs in Indiana?

The most popular types of Quantitative Analyst jobs in Indiana are:

What are popular job titles related to Quantitative Analyst Intern jobs in Indiana?

For Quantitative Analyst Intern jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Quantitative Analyst Intern jobs in Indiana look for?

The top searched job categories for Quantitative Analyst Intern jobs in Indiana are:

What cities in Indiana are hiring for Quantitative Analyst Intern jobs?

Cities in Indiana with the most Quantitative Analyst Intern job openings:

Quantitative Analyst Intern jobs near you
Infographic showing various Quantitative Analyst Intern job openings in Indiana as of August 2026, with employment types broken down into 86% Full Time, 8% Part Time, and 6% Contract. Highlights an 83% Physical, 7% Hybrid, and 10% Remote job distribution, with an average salary of $76,881 per year, or $37 per hour.

Actuarial Analyst Intern (Summer 2027) - Indianapolis Health

Milliman

Indianapolis, IN • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 23 days ago

Milliman rating

8.5

Company rating: 8.5 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Overview
Milliman's Indianapolis Health practice is seeking an Actuarial Analyst Intern (Summer 2027) to join our growing Health and Human Services team, currently supporting actuarial services for 10+ states across the U.S. Interns will work on a project(s) and deliver a presentation on their work at the end of the summer. Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take initiative to develop personalized professional goals. Our staff are highly engaged with interns throughout the 11-week experience. From work assignments, and professional development, to cultural excursions, the cohort will have many opportunities to learn why Milliman is a great place to begin an actuarial career.
Responsibilities
In this role, you will:
  • Analyze healthcare cost and utilization data using claims databases
  • Examine benefit plan and insurance pricing
  • Perform experience analysis and reserving
  • Complete technical research and computer modeling
  • Provide financial and statistical analysis
  • Reconcile claims data and project future costs
  • Support ad-hoc client requests
  • Support senior staff in strategic projects such as supporting clients through environmental changes or healthcare reform
  • Prepare and present written reports and oral presentations to communicate analysis results
  • Use emerging tools, including AI-enabled technologies, to support analysis, workflow efficiency, and communication of results

Qualifications
  • A desire to expand actuarial skills and be committed to obtaining Fellowship
  • Knowledge of Excel
  • Willingness to learn new software and coding skills (SQL, SAS, VBA, etc.)
  • Time management skills
  • Strong analytical, communication (written and oral), and organizational skills
  • Basic knowledge of Gen AI tools, how to utilize AI to enhance productivity, and potential ethical considerations or concerns

Required:
  • Working toward a Bachelor's or Master's Degree in actuarial science, mathematics, statistics or another related quantitative field

Preferred:
  • Cumulative GPA of 3.3 or higher
  • Passed, at minimum, 1 Society of Actuaries exam

Internship Highlights
  • 1:1 mentoring with structured feedback from a peer guide and supervisor
  • Exposure to senior consultants and practice leaders
  • Structured opportunities for professional learning and development i.e. Lunch & Learn Series
  • Guest speaker series covering a wide range of professional development skills
  • A supportive review process that helps interns strengthen technical and problem-solving skills
  • Housing or housing stipend
  • Social activities - intern-only and practice-wide
  • Cultural excursions - Get to know Indy by visiting iconic sites
  • Conclude the program with a presentation on a business project or problem to leadership and peers
  • Ample opportunity to discuss transition to full-time employment

The Team
The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients' unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients' needs.
Location
This position is based out of the Milliman office in Indianapolis, IN. Candidates hired into this role must be willing to work onsite full-time.
Benefits
We offer competitive benefits which include the following based on plan eligibility:
  • Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
  • 401(k) Plan - When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
  • Paid Time Off (PTO) - Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
  • Transportation - Pre-tax savings for eligible transit and parking expenses.

Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site https://www.milliman.com/en/social-impact to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
#LI-KM1
#LI-ONSITE
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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About Milliman

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Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Industry

Business management consulting and fitness and sports centers

Company size

1,001 - 5,000 Employees

Headquarters location

Seattle, WA, US

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