Quantitative Research Internship – Master's: Summer 2027

Susquehanna International Group; Bala Cynwyd (PA); On-site; USD 27,552 - 41,328; Full time

Job summary

Susquehanna International Group is hiring a Quantitative Research Intern located in Bala Cynwyd, Pennsylvania. This role involves applying quantitative skills to model market behavior, execute strategies, and backtest ideas using historical data. Candidates should be pursuing a Master's degree in relevant fields like Mathematics or Computer Science and possess strong programming skills in Python. The internship offers extensive mentorship and collaborative opportunities to enhance core knowledge in quantitative finance.

Qualifications

• Masters (in penultimate or final year) in quantitative fields.
• Strong analytical problem-solving skills.
• Ability to communicate clearly in a collaborative environment.
• Experience programming in Python; familiarity with C++ is a plus.
• Interest in strategic games and competitive activities.
• Self-motivated and adaptable to fast-paced environments.

Responsibilities

• Apply probability theory and statistical analysis to model market behavior.
• Create execution strategies based on modelling ideas.
• Backtest ideas with historical market data and refine strategies.
• Explore various quant work areas within the company.
• Participate in a comprehensive education program.
• Collaborate with different teams and groups within the business.

Skills

Analytical problem-solving

Clear communication

Programming in Python

Data analysis

Strategic thinking

Machine learning techniques

Education

Masters in quantitative fields (Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, Economics)

Tools

Python

C++

Job description

Overview

As a Quantitative Research Intern at Susquehanna, you will work on projects that model the work of our full-time employees. You will also go through a comprehensive education program and interact with mentors who are at the top of their field, allowing you to build foundational knowledge in quantitative finance. You will have the opportunity to build alphas on an actual trading strategy.

What You Can Expect

• Modelling. Apply probability theory, statistical analysis, and machine learning techniques to predict market behavior and generate alphas
• Execution. Create strategies to execute on modelling ideas under simulated competition
• Evaluation. Backtest ideas using historical market data and revise strategies
• Breadth. Explore all aspects of quant work and different areas of Susquehanna’s business
• Education. Participate in a comprehensive education program and receive personalized mentorship from experienced professionals to accelerate your growth
• Collaboration. Work in an open environment that allows you to collaborate with multiple teams and get exposure to different groups and parts of the business

What We're Looking For

• Masters (in penultimate or final year) in quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics
• Analytical problem-solvers with excellent logical reasoning and a passion for turning data into decisions
• Clear communicators in a fast-paced and highly collaborative environment
• Programmers comfortable processing and analyzing large data sets in Python; experience with C++ (or another low-level language) is a plus
• Strategic thinkers with demonstrated interests in strategic games and/or competitive activities
• Self-motivated and quick to learn, thriving in dynamic, fast-moving environment

About Susquehanna

Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together.