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Quantitative Internship Jobs in Raleigh, NC (NOW HIRING)

Duke University

Quantitative Associate

Durham, NC

$125K - $140K/yr

Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3-5-year relevant work experience for Quantitative Associate. * Exposure ...

Duke University

Quantitative Associate

Durham, NC · On-site

$125K - $140K/yr

Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3-5-year relevant work experience for Quantitative Associate. * Exposure ...

Cornerstone Research

Summer Analyst

Raleigh, NC · On-site

As a Summer Analyst, you will likely work on multiple cases throughout your internship. * Most cases have quantitative and qualitative elements, though some will be more quantitative and others more ...

Cornerstone Research

Summer Analyst

Raleigh, NC

As a Summer Analyst, you will likely work on multiple cases throughout your internship. * Most cases have quantitative and qualitative elements, though some will be more quantitative and others more ...

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Quantitative Internship information

What is a quantitative internship?

A Quantitative Internship is a temporary position, often for students or recent graduates, where individuals apply mathematical, statistical, and computational techniques to solve real-world business problems. These internships are common in industries like finance, technology, and consulting, and typically involve tasks such as data analysis, building predictive models, and supporting trading strategies. Quantitative interns gain hands-on experience working with large datasets, programming, and collaborating with teams to drive data-informed decisions. This role is an excellent way to develop practical skills and explore careers in quantitative fields.

What kinds of projects do quantitative interns typically work on during their internship?

Quantitative interns often work on real-world data analysis, model development, and research projects that directly support the team’s trading, risk, or research objectives. These projects may involve developing statistical models, backtesting trading strategies, or automating data pipelines under the guidance of senior quants. Interns are usually paired with mentors and collaborate closely with both fellow interns and full-time analysts, providing opportunities to learn from experienced professionals and contribute meaningfully to the team's goals.

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, physics, computer science, or finance. Familiarity with programming languages like Python, R, or MATLAB, and experience using data analysis tools and statistical software are commonly required. Exceptional problem-solving abilities, attention to detail, and effective communication skills help set candidates apart. These competencies are crucial for accurately analyzing data, developing models, and effectively communicating insights in fast-paced, data-driven environments.

What is the difference between Quantitative Internship vs Quantitative Analyst?

AspectQuantitative InternshipQuantitative Analyst
Required CredentialsTypically pursuing or recent graduate in finance, mathematics, or related fieldsBachelor's or master's degree in finance, mathematics, or related fields; often requires some experience
Work EnvironmentInternship programs within financial firms, hedge funds, or investment banksFull-time role in financial institutions, hedge funds, or asset management firms
Employer & Industry UsageUsed as a training position for aspiring analysts in financeProfessional role responsible for developing models and strategies in finance

In summary, a Quantitative Internship is an entry-level, temporary position aimed at gaining experience, while a Quantitative Analyst is a full-time professional role with greater responsibilities in financial modeling and analysis.

What are the most commonly searched types of Quantitative jobs in Raleigh, NC?

The most popular types of Quantitative jobs in Raleigh, NC are:

What are popular job titles related to Quantitative Internship jobs in Raleigh, NC?

For Quantitative Internship jobs in Raleigh, NC, the most frequently searched job titles are:

What job categories do people searching Quantitative Internship jobs in Raleigh, NC look for?

The top searched job categories for Quantitative Internship jobs in Raleigh, NC are:

What cities near Raleigh, NC are hiring for Quantitative Internship jobs?

Cities near Raleigh, NC with the most Quantitative Internship job openings:

Quantitative Internship jobs near you
Infographic showing various Quantitative Internship job openings in Raleigh, NC as of August 2026, with employment types broken down into 10% Internship, 62% Full Time, 25% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution.

Quantitative Associate

Duke University

Durham, NC

$125K - $140K/yr

Full-time

Medical, Dental, Retirement

Re-posted 25 days ago

Key responsibilities

  • Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.

  • Develop quantitative models to assess investment manager factor exposures and identify drivers of return.

  • Research, develop, and backtest systematic investment strategies in collaboration with investment teams.

Duke University rating

6.7

Company rating: 6.7 out of 10

Based on 55 frontline employees who took The Breakroom Quiz

491st of 631 rated colleges and universities

Job description

Be You. Be Bold. Choose Duke.   Be You.
DUMAC is the investment office that manages a multi-billion dollar global portfolio on behalf of Duke University and other pools of capital. Our mission is to provide critical financial support to the university for professorships, student scholarships, and pioneering research. The Data Science & Risk team serves as a central quantitative hub, partnering with all investment groups to drive data-informed decision-making, enhance portfolio construction, and manage risk.
 
DUMAC is seeking a highly motivated and intellectually curious Quantitative Associate/Analyst to join our Data Science & Risk team. This role is designed to provide deep, cross-functional exposure to all aspects of institutional investing. You will work on high-impact projects that span our Public, Private, and Direct investment portfolios, as well as our back-office operations.
This position offers a robust training ground for a career in quantitative finance and asset management, with the potential for long-term advancement within the organization for exceptional performers. You will be a key contributor to the team, bringing fresh perspectives and technical skills to solve complex investment challenges.

 

  Minimum Qualifications Education

Work requires communications and analytical skills generally acquired through completion of a bachelor's degree program. An MBA and CFA are preferred.

  Experience

Work requires experience in research and financial analysis, generally acquired through two years of related experience. OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE

    Be Bold. What You'll Do:
  • Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.
  • Develop quantitative models to assess investment manager factor exposures and identify drivers of return.
  • Contribute to private asset cash flow forecasting and pacing models to inform portfolio construction and liquidity management.
  • Research, develop, and backtest systematic investment strategies in collaboration with investment teams.
  • Explore and implement AI/ML techniques to enhance investment decision-making and optimize operational workflows.
  • Design, build, and maintain interactive dashboards and visualizations to communicate complex data and insights to stakeholders across the organization.
  • Collaborate with investment professionals and operational teams (Finance, Legal) on a variety of cross-functional projects.
  What We're Looking For
  • Bachelor's or Master's degree in a quantitative field such as Finance, Economics, Statistics, Computer Science, Engineering, or Mathematics.
  • A demonstrated passion for investing and a strong desire to learn about financial markets.
  • Strong proficiency in R or Python for data analysis, modeling, and automation.
  • Excellent communication skills with the ability to articulate complex technical concepts to non-technical audiences.
  • An independent thinker with a proactive mindset and a high degree of intellectual curiosity.
  • Experience building dashboards and data visualizations using tools like R Shiny, Python Dash, Tableau, or Power BI.
  • Familiarity with financial markets, different asset classes, and investment concepts is a plus, but not required.
  • Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3-5-year relevant work experience for Quantitative Associate.
  • Exposure to machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch) and techniques.
  • Experience with database querying (e.g., SQL).
    Choose Duke.   Why Join DUMAC?
  • Impact: Play a critical role in supporting the mission of a world-class university.
  • Exposure: Gain unparalleled experience across public and private markets, working directly with seasoned investment professionals.
  • Growth: Join a collaborative, mentorship-driven environment with a clear path for professional development and learning.
  • Culture: Be part of a dynamic, intellectually stimulating team that sits at the intersection of technology and finance.

Anticipated Pay Range: Duke University provides an annual base salary range for this position as USD $125,000.00 to USD $140,000.00. Duke University considers factors such as (but not limited to) scope and responsibilities of the position; candidate's work experience, education/training, and key skills; internal peer equity; as well as market and organizational considerations when extending an offer.


Your total compensation goes beyond the dollars on your paycheck. Duke provides comprehensive and competitive medical and dental care programs, generous retirement benefits, and a wide array of family-friendly and cultural programs to eligible team members. Learn more at: https://hr.duke.edu/benefits/


Equal Opportunity Employer: Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy- related conditions), sexual orientation, or military status.


Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.


Essential Physical Job Functions:
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and reasonable accommodation(s) can be requested with Duke Access and Accommodations Services (email: DAAS@duke.edu; phone: 919-668-1267).

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About Duke University

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Duke is regarded as one of America's leading research universities. Located in Durham, North Carolina, Duke is positioned in the heart of the Research Triangle, which is ranked annually as one of the best places in the country to work and live. Duke has more than 15,000 students who study and conduct research in its 10 undergraduate, graduate, and professional schools. With about 40,000 employees, Duke is the third largest private employer in North Carolina, and it now has international programs in more than 150 countries.

Industry

Colleges, universities, and professional schools and hospitals

Company size

10,000+ Employees

Headquarters location

Durham, NC, US

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