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Quantitative Research Intern Jobs in Illinois (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL · On-site

$130K/yr

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 ...

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

$145K/yr

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group ... 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

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group ... If you are a current student or recent graduate, please take a look at our Entry Level and Intern ...

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How much do quantitative research intern jobs pay per month?

As of May 28, 2026, the average monthly pay for quantitative research intern in Illinois is $6,240.00, according to ZipRecruiter salary data. Most workers in this role earn between $4,283.33 and $7,433.33 per month, depending on experience, location, and employer.

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

To thrive as a Quantitative Research Intern, you need strong analytical abilities, a solid foundation in statistics and mathematics, and progress toward a degree in a quantitative field such as mathematics, statistics, finance, or computer science. Familiarity with programming languages like Python, R, or MATLAB, and experience using statistical analysis tools or platforms, are typically required. Attention to detail, problem-solving skills, and effective communication set candidates apart in this role. These skills enable you to analyze complex data, generate actionable insights, and clearly present findings to support data-driven decision-making.

What are some typical projects a Quantitative Research Intern might work on during their internship?

As a Quantitative Research Intern, you can expect to work on projects such as developing and backtesting trading algorithms, analyzing large datasets to identify market patterns, or implementing statistical models to forecast financial trends. Interns often collaborate closely with experienced researchers and traders, contributing to both ongoing research initiatives and exploratory projects. These experiences not only enhance technical and analytical skills but also provide exposure to real-world financial problem-solving in a dynamic team environment.

What does a Quantitative Research Intern do?

A Quantitative Research Intern typically assists in analyzing large datasets, developing mathematical models, and conducting statistical analysis to support decision-making in fields like finance, technology, or academia. Their responsibilities may include data cleaning, programming, running simulations, and generating reports on findings. Interns work closely with experienced quantitative researchers and may contribute to ongoing research projects or help develop new methodologies. This role is ideal for students or recent graduates with strong analytical skills and an interest in applying mathematics and statistics to solve real-world problems.
What are the most commonly searched types of Quantitative Research jobs in Illinois? The most popular types of Quantitative Research jobs in Illinois are:
What are popular job titles related to Quantitative Research Intern jobs in Illinois? For Quantitative Research Intern jobs in Illinois, the most frequently searched job titles are:
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Quantitative Research Intern jobs near you
Infographic showing various Quantitative Research Intern job openings in Illinois as of May 2026, with employment types broken down into 31% Internship, 61% Full Time, and 8% Part Time. Highlights an 92% In-person, and 8% Hybrid job distribution, with an average salary of $74,880 per year, or $36 per hour.
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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