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Research Intern Jobs in Summit, NJ (NOW HIRING)

Modal, Inc

ML Research Intern

New York, NY · On-site

We are looking for PhD research interns with strong research experience in reinforcement learning, machine learning, and foundation models, including large language and multimodal models, to join our ...

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All JobsResearch Intern JobsResearch Intern Jobs in Summit, NJ

Research Intern information

See Summit, NJ salary details

$2.2K

$6.8K

$8.3K

How much do research intern jobs pay per month?

As of Sep 6, 2026, the average monthly pay for research intern in Summit, NJ is $6,842.58, according to ZipRecruiter salary data. Most workers in this role earn between $4,691.67 and $8,150.00 per month, depending on experience, location, and employer.

What is a research intern?

Research interns are individuals, often students or recent graduates, who work temporarily in a research setting to gain practical experience and contribute to ongoing projects. They assist with tasks such as data collection, analysis, literature reviews, and sometimes experimental work under the supervision of experienced researchers. Research internships are valuable opportunities for interns to develop relevant skills, broaden their academic or professional networks, and explore potential career paths in research or academia.

What are the key skills and qualifications needed to thrive as a research intern?

To thrive as a Research Intern, you need strong analytical abilities, attention to detail, and foundational knowledge in your field of study, often supported by enrollment in a relevant degree program. Familiarity with data analysis software (such as SPSS, R, or Excel), literature databases, and sometimes laboratory equipment or programming languages is typically required. Effective communication, curiosity, and time management are vital soft skills that help interns collaborate and contribute meaningfully to research projects. These competencies are important for producing accurate findings, supporting team objectives, and gaining valuable hands-on experience in research environments.

What are some typical challenges a research intern might encounter when starting out, and how can they be addressed?

Research Interns often face challenges such as adapting to new research methodologies, managing multiple tasks with tight deadlines, and learning to navigate academic or corporate research environments. To address these, it's helpful to proactively communicate with your supervisor for clear expectations, seek mentorship from experienced team members, and utilize organizational tools to track assignments. Embracing a collaborative mindset and asking questions early on can also ease the transition and foster professional growth.

What is the difference between Research Intern vs Research Assistant?

AspectResearch InternResearch Assistant
Required CredentialsTypically students or recent graduates; some internships may require coursework in the fieldOften students or early-career professionals; may require some relevant coursework or experience
Work EnvironmentTemporary, project-based; often in academic, government, or corporate settingsMore consistent, ongoing support roles in labs or research teams
Employer & Industry UsageCommon in universities, research institutes, and corporate R&D departmentsPrimarily in academic labs, research institutions, and industry R&D teams

Research Interns typically are students or recent graduates gaining initial experience through temporary roles, while Research Assistants are more involved in ongoing research projects, often with some prior coursework or experience. Both roles support research activities but differ mainly in duration and level of responsibility.

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Research Intern jobs near you
Infographic showing various Research Intern job openings in Summit, NJ as of August 2026, with employment types broken down into 1% Internship, 1% As Needed, 84% Full Time, 10% Part Time, 1% Temporary, and 3% Contract. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution, with an average salary of $82,111 per year, or $39.5 per hour.

2027 PhD Quantitative Research Intern

Schonfeld

New York, NY • On-site

$175K - $220K/yr

Internship

Posted 2 days ago

New

Job description

The Role
We are seeking exceptional PhD candidates to join our Quantitative Research teams where they will work with other researchers and developers on various research projects, including the design of novel predictive signals and the enhancement of our algorithms for prediction, trade execution, portfolio construction, risk management, among others. Interns will have an opportunity to meaningfully contribute to all facets of running a successful quantitative trading business and help it grow and diversify.
What You'll Do
Depending on the portfolio manager team you join, as a Quantitative Researcher Intern you will be directly responsible for furthering our alpha research. You will understand the economics of a fundamental domain, and the corresponding insights that can be gathered from associated alternative data offerings. You will identify compelling differentiating factors, design novel predictive signals, backtest & validate hypotheses. Over the 10-week internship program, you will have the opportunity to collaborate with senior team members to learn what it takes to be a successful quantitative researcher. Additionally, you'll get the opportunity to network and socialize with peers throughout the internship.
What you need:
  • Current PhD student in a quantitative or technical field such as statistics, mathematics, physics, electrical engineering, or computer science (ideally with one year left in your academic program)
  • Excellent programming skills in languages such as Python, C, C++, Java, SQL, or R
  • Strong knowledge of probability and statistics (e.g., machine learning, time-series analysis and forecasting, pattern recognition, NLP).
  • The ability to communicate research ideas clearly and succinctly
  • Creative problem-solving skills and experience working with real-world datasets
  • Strong attention to detail

We'd love if you had:
  • Previous financial industry experience although it is not required
  • An advanced degree in a quantitative or technical field

Our Internship
Kick-start your career in finance with the Schonfeld Summer Internship! Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you'll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who'll guide your development over the course of the internship and beyond. Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands-on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We'll empower you to bring your ideas to life and make an impact.
Who We Are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we'll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas-at all levels-to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm's walls.
The annual base pay for this role is expected to be between $175,000 and $220,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.

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