The D. E. Shaw group seeks talented Ph.D. candidates with impressive records of academic and/or professional achievement to join the firm as quantitative analyst interns. Ph.D. interns explore how the analytical skills gained from their graduate programs may relate to the work done at the firm while interacting with fellow interns and employees of similar academic backgrounds in a collegial working environment. This 12-week program will take place in New York and is expected to run from June to August 2026.

What you'll do day-to-day

You’ll spend the summer working on a research project that typically involves exploring a variety of statistical modeling techniques and writing software to analyze financial data. You’ll have a dedicated mentor in one of our quantitative research groups and are encouraged to attend our academic speaker series and track academic progress in various areas that may be of interest.

Who we're looking for

• Individuals with impressive records of academic achievement, including advanced coursework in fields such as math, statistics, physics, engineering, computer science, or other technical and quantitative programs.
• Applicants should have notable research productivity in their respective areas of study as well as a track record of creativity in their field(s).
• Interest or experience working in a data-driven research environment, including manipulation of data using high-level programming languages such as Python, is preferred.
• An exceptional aptitude for abstract reasoning, problem solving, and quantitative thinking, in addition to prior probability or statistics knowledge, is a plus.
• No previous finance experience is necessary, though candidates should have an interest in learning about quantitative finance.
• Students who apply to this internship are usually approaching their final year of full-time study.
• The position offers a monthly base salary of $25,000, overtime pay, a sign-on bonus of $25,000, travel coverage to and from the internship, and choice of furnished summer housing or a $10,000 housing allowance. It also includes a $3,300 stipend for self-study materials and a $4,000 stipend for personal technology equipment. If you have any questions about the compensation, please ask one of our recruiters.