Quantitative Research Internship - PhD: Summer 2027

Susquehanna International Group; Bala Cynwyd (PA); On-site; USD 60,000 - 80,000; Full time

Job summary

Susquehanna International Group is offering a Quantitative Research Intern position in Bala Cynwyd, Pennsylvania. This role is ideal for PhD candidates who are passionate about quantitative finance and want to contribute to real trading strategies. Interns will engage in modeling market behavior using advanced statistical analyses and receive mentorship to enhance their skills. Ideal candidates will have strong analytical skills, proficiency in Python, and the ability to thrive in a collaborative environment.

Qualifications

• Pursuing a PhD in a quantitative discipline such as mathematics, physics, or computer science.
• Ability to analyze and process large data sets.
• Demonstrated interest in strategic games or competitive activities.

Responsibilities

• Apply probability theory and machine learning to generate alphas.
• Create execution strategies based on modeling ideas.
• Backtest strategies using historical market data.

Skills

Analytical problem-solving

Python programming

Statistical analysis

Machine learning

Communication skills

Logical reasoning

Education

PhD 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

• PhDs (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