Quantitative Research Internship Masters Summer 2027

Susquehanna; Bala Cynwyd (PA); On-site; USD 348,000 - 434,000; Full time

Benefits offered by this job

Signing bonus

Housing

Meals provided (breakfast/lunch)

Mentorship program

Job summary

Susquehanna is seeking a Masters-level Quantitative Research Intern to work on models of our full-time staff and participate in a structured education program with seasoned mentors in our Philadelphia and New York offices.

You will apply probability, statistics, and machine learning to predict market behavior, build alphas, and backtest ideas using historical data while collaborating with multiple teams.

Qualifications

• Masters in a quantitative field such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, OR Economics.
• Strong analytical problem-solving skills with ability to turn data into decisions.
• Clear communication in a fast-paced, collaborative environment.
• Proficiency with Python; C++ or another low-level language is a plus.

Responsibilities

• Model market behavior and generate alphas using probability, statistics, and ML techniques.
• Develop and test trading strategies in a simulated environment.
• Backtest ideas with historical data and refine strategies.
• Collaborate across teams and explore diverse quant workflows.
• Engage in a comprehensive education program with mentorship.

Skills

Python programming

C++ programming

Data analysis

Analytical thinking

Communication

Strategic thinking

Fast learner

Education

Master's degree in quantitative fields

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

Susquehanna combines all of the above to provide the best quant internship program in the industry. Join us to see why so many previous quant interns decide to return for a full-time career.

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

By applying to this role, you will be automatically considered for the Quantitative Systematic Trading Internship program. There is no need to apply to both positions to be considered for both.

Opportunities as a quantitative research intern will be available in our Philadelphia and New York offices.

Master's Quantitative Research interns at Susquehanna will receive a $8600 weekly base salary during the ten-week program. In addition, interns will receive a signing bonus, housing, breakfast and lunch, and other perks.

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.