Quant internships for summer 2027
The internship is how most quants get hired: several firms on this list post a trading internship but no full-time graduate trader listing. 16 of the 18 firms had summer 2027 internships live on our last check. Posted pay runs from $3,500 a week at the bottom of Tower Research’s range to $300,000 annualized at Jane Street, Jump Trading and Five Rings.
16 of 18 ranked programs match · Last verified November 11, 2026 · See the full Quant List →
Summer 2027 internship pay by track
Posted internship pay at each firm with a live internship listing. Firms quote it three ways: annualized, monthly or weekly.
| Firm | Trading | Research | Software |
|---|---|---|---|
| Jane Street | $300k annualized | $300k annualized | $300k annualized |
| Hudson River Trading | $5,800 a week | $5,800 a week | $5,800 a week |
| Citadel | $4,500–$5,800 a week | $4,500–$5,800 a week | $4,500–$5,800 a week |
| Citadel Securities | $4,500–$5,800 a week | $4,500–$5,800 a week | $4,500–$5,800 a week |
| D. E. Shaw | $25k a month | $25k a month ($30k PhD) | $25k a month ($30k PhD) |
| Two Sigma | No such role | $5,800 a week | $4,325 a week |
| Jump Trading | $300k annualized | $300k annualized | $250k annualized |
| Susquehanna (SIG) | $8,600 a week | $8,600 a week | Not posted |
| IMC Trading | $250k annualized | $250k annualized | $200k annualized |
| Point72 / Cubist | Not posted | $240k–$300k annualized (PhD) | $120k–$150k annualized |
| Five Rings | $300k annualized | $300k annualized (PhD) | $300k annualized |
| DRW | $250k annualized | $250k–$300k annualized | $225k annualized |
| Millennium | No such role | $183.5k–$226.5k annualized (package) | $193.5k–$220k annualized (package) |
| Tower Research Capital | $3,500–$5,700 a week | $3,500–$5,700 a week | $3,500–$5,700 a week |
| Akuna Capital | One-week Sneak Peek Weeks, pay not posted | From $145k annualized | From $145k annualized |
| Virtu Financial | Not posted | $5,000–$5,800 a week | $5,000–$5,800 a week |
A figure marked “package” is the firm’s estimated annual compensation package, not base pay. Sign-on bonuses and housing are extra where a firm offers them; see each firm’s page for the detail.
Jane Street is a proprietary trading firm and one of the largest market makers in ETFs, options and bonds. It hires three core tracks — quantitative trader, quantitative researcher and software engineer — and posts the same $300,000 base on all three, for new graduates and experienced hires alike. Most of its code is written in OCaml, and its interviews lean on probability, betting games and reasoning out loud rather than finance knowledge.
Salary band, hiring status & score breakdown — see the full Jane Street Quant page →
Hudson River Trading is an automated trading firm that folds quant research and trading into one role, the Algorithm Developer, alongside a large software engineering org working in C++ and Python. Both 2027 graduate listings — Algorithm Developer and Software Engineer — post a $300,000 US base, and the interview process is coding-heavy for both tracks.
Salary band, hiring status & score breakdown — see the full Hudson River Trading Quant page →
Citadel is a multi-strategy hedge fund headquartered in Miami, with its largest quant hiring in New York. It is a separate firm from Citadel Securities, the market maker, though the two interview campus candidates together: their interview pages say you talk with “two firms at once”. Campus hiring runs through four listings — Quantitative Research Analyst, Quantitative Trader in Equity Quantitative Research, Software Engineer and PhD-level researcher roles — and every one posts the same range. Its Global Quantitative Strategies business posts experienced researcher bands of $300,000–$350,000.
Salary band, hiring status & score breakdown — see the full Citadel Quant page →
Citadel Securities is a market maker in equities, options and fixed income, headquartered in Miami with most quant roles in New York. It shares a founder with Citadel, the hedge fund, and is a separate firm with its own listings, though the two interview campus candidates together. It hires quantitative traders, quantitative researchers and software engineers. Its trader internship is “a single application for our summer trading and quantitative research program”, and its experienced listings post up to $350,000.
Salary band, hiring status & score breakdown — see the full Citadel Securities Quant page →
The D. E. Shaw group is a New York investment and technology firm, and one of the first to trade systematically. Its quant hiring runs through two generalist listings, Quantitative Analyst and Software Developer, which take candidates at every level from new graduate up, plus a Proprietary Trading internship. The postings state the bonus is guaranteed in the first year.
Salary band, hiring status & score breakdown — see the full D. E. Shaw Quant page →
Two Sigma is a systematic investment manager in New York that runs on two tracks: quantitative research and software engineering. It has no quantitative trader role at any level. Its campus listings state one number rather than a range, and a single Quantitative Researcher listing covers bachelor’s through doctorate.
Salary band, hiring status & score breakdown — see the full Two Sigma Quant page →
Jump Trading is a Chicago-headquartered proprietary trading firm built around small, independent trading teams. Its campus program hires quantitative traders, quantitative researchers and software engineers through internships, plus AI research engineers for its deep-learning effort, and it sponsors work visas for full-time campus roles.
Salary band, hiring status & score breakdown — see the full Jump Trading Quant page →
Susquehanna International Group is a privately held trading firm headquartered in Bala Cynwyd, outside Philadelphia, and one of the largest options market makers. It is known for training traders from scratch with a long education program built on decision science and poker. Its 2027 master’s and PhD listings for quantitative researchers and quantitative systematic traders post a $300,000 base in New York.
Salary band, hiring status & score breakdown — see the full Susquehanna (SIG) Quant page →
IMC is a global market maker founded in Amsterdam, with its US headquarters in Chicago and a growing New York office. Traders, researchers and engineers work on the same desks, and the graduate program posts a single base figure per role. Its New York deep-learning research roles post the highest campus figure at the firm.
Salary band, hiring status & score breakdown — see the full IMC Trading Quant page →
Point72 is a multistrategy hedge fund headquartered in Stamford, Connecticut. Cubist Systematic Strategies is its computer-driven trading business, and most of the firm’s quant hiring runs through it: entry-level and experienced quant researchers and developers, summer internships, and a rotational Cubist Quant Academy for STEM graduates.
Salary band, hiring status & score breakdown — see the full Point72 / Cubist Quant page →
Five Rings is a proprietary trading firm in New York with a small headcount and a campus program that pays like the largest firms. It hires quantitative traders, software developers and PhD researchers, and its interview process is known for games and probability rather than finance.
Salary band, hiring status & score breakdown — see the full Five Rings Quant page →
DRW is a Chicago-headquartered trading firm that spans market making, latency-sensitive strategies, options, and crypto through its Cumberland business. It hires researchers and traders desk by desk, which is why its board carries many separate quantitative researcher reqs rather than one generalist listing.
Salary band, hiring status & score breakdown — see the full DRW Quant page →
Millennium is a multi-manager hedge fund founded in 1989, with principal offices in New York and London. Campus hiring runs through its 2027 internship program, which the firm says it uses to hire its analyst class, and its Quantitative Strategies team has launched an 18 to 24 month program for early-career quants.
Salary band, hiring status & score breakdown — see the full Millennium Quant page →
Tower Research Capital is a New York high-frequency trading firm organised as a set of independent trading teams on shared infrastructure. Its campus listing combines trading and research into one Quantitative Trader/Researcher role, with separate quantitative developer internships.
Salary band, hiring status & score breakdown — see the full Tower Research Capital Quant page →
Akuna Capital is an options market-making firm headquartered in Chicago. It runs junior full-time listings for traders, quantitative researchers and quantitative developers alongside internships, and it is one of the more accessible entry points on this list for candidates without a top-firm internship.
Salary band, hiring status & score breakdown — see the full Akuna Capital Quant page →
Virtu Financial is an electronic market maker and execution-services firm headquartered in New York, and the only company on this list listed on a stock exchange. Its early-career hiring runs through internships in quantitative research (PhD), software engineering and hardware, with a HackerRank test as the first step.
Salary band, hiring status & score breakdown — see the full Virtu Financial Quant page →
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