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Quantitative Risk Analyst Intern Jobs in Chicago, IL

Optiver

Quantitative Research Intern PhD

Chicago, IL · On-site

$80K - $90K/yr

As a Quantitative Research Intern, you will work side-by-side with our Research Team of ... Leveraging big data technologies to analyze high-frequency trading strategies, market ...

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Quantitative Risk Analyst Intern information

See Chicago, IL salary details

$67K

$111.6K

$149.9K

How much do quantitative risk analyst intern jobs pay per year?

As of Jul 4, 2026, the average yearly pay for quantitative risk analyst intern in Chicago, IL is $111,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $134,900.00 per year, depending on experience, location, and employer.

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

To thrive as a Quantitative Risk Analyst Intern, you need a solid background in mathematics, statistics, and finance, often supported by progress toward a relevant degree such as finance, economics, or applied mathematics. Familiarity with programming languages like Python or R, statistical analysis tools, and risk management platforms such as SAS or MATLAB is typically expected. Strong analytical thinking, attention to detail, and effective communication skills help interns interpret complex data and present findings clearly. These skills are crucial for accurately assessing risks, supporting data-driven decision-making, and contributing to effective risk management strategies.

What does a Quantitative Risk Analyst Intern do?

A Quantitative Risk Analyst Intern supports the risk management team by analyzing financial data, building statistical models, and assessing potential risks that could impact an organization. They use mathematical and statistical techniques to identify, measure, and monitor risks associated with investments, market movements, or operational activities. Interns often help with data collection, programming (using tools like Python, R, or Excel), and preparing reports for senior analysts. This role provides valuable hands-on experience in applying quantitative methods to real-world financial risk scenarios.

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

AspectQuantitative Risk Analyst InternQuantitative Risk Analyst
Required credentialsTypically pursuing or recent graduate with a degree in finance, economics, or related fieldBachelor's or master's degree in a relevant field, often with some professional experience
Work environmentInternship setting, often part-time or summer program within financial institutionsFull-time role within banks, investment firms, or insurance companies
Employer and industry usageUsed in internship programs across finance and risk management firmsStandard position in risk management departments of financial services

The main difference between a Quantitative Risk Analyst Intern and a Quantitative Risk Analyst is experience level and responsibility. Interns are typically students gaining exposure, while analysts are full-time professionals responsible for assessing and managing risk strategies.

What types of projects and responsibilities can a Quantitative Risk Analyst Intern expect during their internship?

As a Quantitative Risk Analyst Intern, you can expect to work on projects involving data analysis, risk modeling, and validation of existing financial models. You may assist in stress testing portfolios, researching risk factors, and automating data processes under the guidance of senior analysts. Interns typically collaborate closely with risk management, trading, and IT teams, gaining hands-on experience with industry-standard tools and methodologies. This role offers an excellent opportunity to develop technical skills and an understanding of how risk is measured and managed in financial institutions.
What are the most commonly searched types of Quantitative Risk Analyst jobs in Chicago, IL? The most popular types of Quantitative Risk Analyst jobs in Chicago, IL are:
What are popular job titles related to Quantitative Risk Analyst Intern jobs in Chicago, IL? For Quantitative Risk Analyst Intern jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Analyst Intern jobs in Chicago, IL look for? The top searched job categories for Quantitative Risk Analyst Intern jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Risk Analyst Intern jobs? Cities near Chicago, IL with the most Quantitative Risk Analyst Intern job openings:
Quantitative Risk Analyst Intern jobs near you
Infographic showing various Quantitative Risk Analyst Intern job openings in Chicago, IL as of June 2026, with employment types broken down into 82% Full Time, 10% Part Time, and 8% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $111,599 per year, or $53.7 per hour.
Quantitative Research Intern (PhD) - Summer 2027

Quantitative Research Intern (PhD) - Summer 2027

IMC Inc

Chicago, IL • On-site

$250K/yr

Other

PTO

This job post has expired today. Applications are no longer accepted.

Job description

Quantitative Research Intern (PhD) - Summer 2027

Our 10-week internship is your chance to experience life as a Quant Researcher at IMC. You will work alongside your mentor to explore new research ideas and build custom analysis tools that may be deployed into production. Throughout the summer, there will be opportunities to enhance your knowledge of options theory, market making, algorithm complexity and trades analysis. We provide a highly competitive compensation package with accommodations included. The bar for talent at IMC is high and interns who meet our performance expectations will have the opportunity to secure a full time Graduate Quant Researcher position at the end of the program. Where you go from here is up to you!

Your core responsibilities:

  • Team up with Quant Researchers to work on real projects that have potential to impact our business
  • Enhance your understanding of options theory through classroom-based instruction
  • Develop your research skills with support and feedback from a dedicated mentor and intern lead
  • Build valuable connections in an environment that recognizes and rewards problem solving, innovation and teamwork
  • Engage in professional development sessions aimed at helping you envision your future at IMC
  • Attend a full-schedule of events and social activities to get to know your cohort and current employees

Your skills and experience:

  • Current university student graduating between September 2027 – July 2028 that is pursuing a PhD degree in Mathematics, Engineering, Statistics, Physics, Computer Science, or another highly quantitative field
  • Superior numerical, analytical, and critical thinking skills
  • Has a passion for research and solving complex problems
  • A creative thinker who is driven, resilient, and eager to develop trading intuition
  • Experience in a programming language (Python, C, C++) is highly desired
  • Must be able to start internship in-person on June 7, 2027

The base salary for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.

Base Salary: $250,000

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

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