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Quantitative 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.

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

What you'll do as a Quantitative Researcher at Akuna: Akuna's Trading and Research teams are ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

What you'll do as a Quantitative Researcher at Akuna: Akuna's Trading and Research teams are ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

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 quantitative intern jobs pay per hour?

As of May 28, 2026, the average hourly pay for quantitative intern in Chicago, IL is $41.86, according to ZipRecruiter salary data. Most workers in this role earn between $15.79 and $63.66 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Quantitative Intern, and why are they important?

To thrive as a Quantitative Intern, you need strong mathematical, statistical, and analytical skills, typically supported by coursework in quantitative fields such as mathematics, statistics, computer science, or engineering. Familiarity with programming languages like Python, R, or MATLAB, and experience with data analysis tools and financial modeling software are commonly required. Attention to detail, problem-solving abilities, and effective communication are valuable soft skills in this role. These skills and qualities are crucial for accurately analyzing complex data sets, contributing to research, and delivering actionable insights in a fast-paced quantitative environment.

What types of projects can a Quantitative Intern expect to work on during their internship?

As a Quantitative Intern, you can expect to work on projects involving data analysis, model development, and backtesting trading strategies. You may collaborate with senior quants and traders to analyze large datasets, validate models, and communicate your findings to the team. These projects often require strong programming skills and a proactive approach to problem-solving. The fast-paced environment offers opportunities to gain hands-on experience and exposure to real-world financial challenges.

What are Quantitative Interns?

Quantitative Interns are students or recent graduates who work in finance, technology, or research roles to apply mathematical, statistical, and programming skills to solve real-world problems. They often assist with data analysis, model development, and algorithm testing under the guidance of experienced quantitative analysts or researchers. These internships provide hands-on experience in quantitative fields such as investment banking, hedge funds, or tech companies, helping interns develop technical skills and industry knowledge. Through this role, interns gain exposure to complex financial instruments, coding languages like Python or R, and quantitative research methodologies.

What is the difference between Quantitative Intern vs Quantitative Analyst?

AspectQuantitative InternQuantitative Analyst
Required CredentialsTypically pursuing or recent graduate with a degree in finance, mathematics, or related fieldBachelor's or master's degree in finance, mathematics, or related field; often requires some experience
Work EnvironmentInternship setting, often part-time or summer program within financial firms or investment banksFull-time role within financial institutions, hedge funds, or asset management firms
Employer & Industry UsageUsed by firms to train and evaluate potential future full-time analystsCore role responsible for developing models, analyzing data, and supporting trading decisions

In summary, a Quantitative Intern is an entry-level position aimed at gaining experience, while a Quantitative Analyst is a full-time professional responsible for quantitative modeling and analysis within the finance industry.

What are the most commonly searched types of Quantitative jobs in Chicago, IL? The most popular types of Quantitative jobs in Chicago, IL are:
What are popular job titles related to Quantitative Intern jobs in Chicago, IL? For Quantitative Intern jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Intern jobs in Chicago, IL look for? The top searched job categories for Quantitative Intern jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Intern jobs? Cities near Chicago, IL with the most Quantitative Intern job openings:
Quantitative 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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