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Statistical Intern Jobs in Elgin, IL (NOW HIRING)

Optiver

Quantitative Intern (Summer 2027)

Chicago, IL · On-site

$70K - $88K/yr

As a Quantitative Intern at Optiver, you'll work alongside traders, researchers, and engineers to ... Solid foundation in mathematics, probability, and statistics. * Experience with programming or ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience ... Data structures, Probability, Statistics and Linear Algebra * Minimum major GPA of 3.5/4 or ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience ... Data structures, Probability, Statistics and Linear Algebra * Minimum major GPA of 3.5/4 or ...

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All JobsStatistical Intern JobsStatistical Intern Jobs in Elgin, IL

Statistical Intern information

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How much do statistical intern jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for statistical intern in Elgin, IL is $16.84, according to ZipRecruiter salary data. Most workers in this role earn between $14.28 and $18.99 per hour, depending on experience, location, and employer.

What does a statistical intern do?

A Statistical Intern assists with collecting, analyzing, and interpreting data to support research or business projects. They work under the supervision of experienced statisticians, using statistical software to clean data, run basic analyses, and create reports or visualizations. This role provides hands-on experience with real-world data and helps interns develop skills in problem-solving, critical thinking, and effective communication of statistical findings.

What types of projects can a statistical intern expect to work on, and how do these contribute to the organization's goals?

As a Statistical Intern, you can expect to work on projects such as data cleaning, exploratory data analysis, and assisting with the development of statistical models for real-world business or research problems. These projects often involve collaborating with data scientists, analysts, and subject-matter experts to draw actionable insights from data. Your contributions help inform decision-making, improve processes, and support larger organizational objectives. The experience gained from these projects not only builds your technical skills but also gives you exposure to how statistical methods drive impact in a professional setting.

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

To thrive as a Statistical Intern, you need a solid background in statistics, mathematics, and data analysis, typically supported by coursework in these subjects or progress toward a relevant degree. Familiarity with statistical software such as R, SAS, SPSS, or Python is commonly expected, along with proficiency in spreadsheet tools like Excel. Strong attention to detail, problem-solving abilities, and clear communication help interns interpret data accurately and present findings effectively. These skills ensure meaningful contributions to research and data-driven projects while supporting the team's analytical goals.

What is the difference between Statistical Intern vs Data Analyst?

AspectStatistical InternData Analyst
Required CredentialsTypically pursuing or recent graduate in statistics, mathematics, or related fieldBachelor's degree in statistics, data science, or related field; often requires some experience
Work EnvironmentInternship setting, often in research or academic projects, supervised by senior staffFull-time role in corporate, tech, or research organizations, with independent responsibilities
Employer & Industry UsageUniversities, research institutions, government agenciesBusinesses, tech companies, finance, healthcare

The main difference between a Statistical Intern and a Data Analyst lies in experience level and responsibilities. Interns are usually students or recent graduates gaining entry-level experience, often in academic or research settings. Data Analysts are more experienced professionals working full-time to analyze data, generate reports, and support decision-making in various industries.

Which internship is best for statistical interns?

The best internship for statistical interns typically involves roles in data analysis, research, or analytics departments of companies, government agencies, or research institutions. Internships that offer exposure to statistical software like R or Python and involve real-world data projects provide valuable experience. Selecting programs with mentorship, structured training, and opportunities to develop skills in statistical modeling enhances career prospects.

What cities near Elgin, IL are hiring for Statistical Intern jobs?

Cities near Elgin, IL with the most Statistical Intern job openings:

Statistical Intern jobs near you

Quantitative Intern (Summer 2027)

Optiver

Chicago, IL • On-site

$70K - $88K/yr

Full-time, Temporary, Internship

Re-posted 21 days ago

Job description

As a Quantitative Intern at Optiver, you'll work alongside traders, researchers, and engineers to solve complex problems in global financial markets. You'll learn how quantitative research, data, technology, and AI-enabled tools come together to identify opportunities, test ideas, and drive decision-making in rapidly evolving markets. Through hands-on project work, mentorship, and training led by Optiver's dedicated Education team, you'll build the foundation needed to make an impact.
As part of the interview process, we'll assess your strengths, interests, and skills to determine the best fit, and you may be considered for either a Quant Trading or Quant Research internship offer.
What You'll Do:
Our internship is designed for curious problem-solvers who enjoy continuously learning. Through a combination of structured education, market simulations, and exposure to modern research and AI tools, you'll develop the skills needed to apply quantitative thinking to real-world challenges.
You'll have the opportunity to:
  • Develop a deeper understanding of financial markets, quantitative trading, and the research and technology that power them.
  • Analyze complex datasets, investigate market behavior, and uncover insights that inform decision-making.
  • Apply your quantitative and programming skills to solve real trading challenges and build impactful tools.
  • Strengthen your decision-making skills through live market simulations and hands-on experience.
  • Explore how AI tools can accelerate research, experimentation, and quantitative decision-making
  • Learn directly from experienced traders and researchers in a collaborative, high-performance environment.

What You'll Get:
You'll join a culture of collaboration and excellence, surrounded by curious thinkers and creative problem-solvers. Motivated by a passion for continuous improvement, you'll thrive in a supportive, high-performing environment alongside talented colleagues, collectively tackling some of the toughest challenges in the financial markets.
In addition, you'll receive:
  • The opportunity to work alongside best-in-class professionals from over 40 different countries.
  • The opportunity to earn a return internship or full-time offer in Chicago, Austin, New York City, or Amsterdam based on performance.
  • A highly competitive internship compensation package.
  • Optiver-covered flights, living accommodations, and commuting stipends.
  • Extensive office perks, including breakfast, lunch, snacks, regular social events, clubs, sporting leagues, and more.

Who You Are:
  • Currently pursuing a Bachelor's or Master's degree in a STEM field.
  • Expected graduation between December 2027 and June 2029, with sophomore standing or higher.
  • Available to intern during Summer 2027.
  • Open to full-time opportunities upon graduation.
  • Strong quantitative, analytical, and logical reasoning skills.
  • Solid foundation in mathematics, probability, and statistics.
  • Experience with programming or scripting in Python or another language.
  • Strong interest in financial markets, quantitative research, and decision-making.
  • Excited to work in a fast-paced, collaborative environment.
  • Fluent in English with strong written and verbal communication skills.

Who We Are:
Optiver is a leading technology- and research-driven trading firm. Our teams of scientists, engineers, mathematicians, and traders work side by side to develop, test, and scale ideas that shape how we understand and trade global markets. Powered by a global platform built for rapid experimentation and iteration, we combine the scientific rigor of a research institution with the pace of a technology company.
Our differences are our edge. Optiver does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, physical or mental disability, or other legally protected characteristics.
Optiver is supportive of US immigration sponsorship for this role.
Optiver has a global application re-apply policy for our intern and graduate roles. If you have completed an online assessment or interviewed for a quantitative graduate or internship role at any Optiver location in the past 8 months, please note that you are not yet eligible to reapply. We welcome you to re-apply to after the 8-month cool off period.
Below is the expected compensation for this position. This is a good-faith estimate of the base pay scale and sign-on bonus for this position and offers will ultimately be determined based on experience, education, skill set, and performance in the interview process. This position will also be eligible for the benefits listed above.
Base Salary Range
$70,000-$88,000 USD

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