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2027 Quantitative Research Intern

Schonfeld Austin, Texas, United StatesInternship
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Salary
Not listed
Job type
Internship
Experience
Internship
Posted
9 Oct 2026
Status
Open · checked 7d ago

About this role

The 2027 Quantitative Research Intern position at Schonfeld is a 10-week summer internship based in the Austin, Texas metro area that suits students pursuing quantitative or technical degrees. This program provides hands-on experience in developing predictive signals, machine learning models, and quantitative algorithms for a global multi-manager hedge fund.

Role Overview

Schonfeld seeks interns to join the Quantitative Research team in Austin, Texas. Participants collaborate with researchers and developers on predictive signals, trade execution algorithms, portfolio construction, and risk management during a 10-week summer program.

Key Responsibilities

Design novel predictive signals and enhance existing prediction, trade execution, portfolio construction, and risk management algorithms
Develop predictive features and machine learning models while testing research hypotheses
Evaluate predictive performance using out-of-sample data
Utilize AI tools to enhance coding and analysis productivity
Collaborate with senior team members and participate in networking and social events

Requirements

Current enrollment in a bachelor's, master's, or doctoral degree program in a quantitative or technical field like statistics, mathematics, physics, electrical engineering, or computer science
Ideally one academic year remaining following the internship completion
Proficiency in programming languages including Python, C, C++, Java, SQL, or R
Strong foundation in probability, statistics, and machine learning techniques
Ability to communicate research concepts clearly with creative problem-solving skills and real-world dataset experience

Nice to Have

Knowledge of deep learning or natural language processing
Previous experience in the financial industry

Skills and Tools

Python
C
C++
Java
SQL
R
Machine Learning
Deep Learning
Natural Language Processing

Salary and Benefits

Annualized base pay range between $175,000 and $220,000, prorated based on the start and end dates of the internship
Dedicated manager and mentor guidance
Access to learning sessions, hands-on skills workshops, and leadership networking events

About the Company

Schonfeld operates as a global multi-manager hedge fund deploying capital across quantitative, tactical, fundamental equity, and discretionary macro and fixed income strategies. The firm utilizes proprietary technology, infrastructure, and risk analytics to capitalize on market inefficiencies.

How to Apply

Interested candidates should apply directly on the official company careers page.

Skills and tech stack

Questions candidates ask

What is the duration of the internship?

The internship program lasts for 10 weeks.

Where is the internship located?

The position is located in the Austin, Texas metro area.

What educational background is required?

Candidates must be currently pursuing a bachelor's, master's, or doctoral degree in a quantitative or technical field such as statistics, mathematics, physics, electrical engineering, or computer science.

Is prior finance experience required?

No, previous financial industry experience is a plus but is not required.

What is the expected compensation?

The annualized base pay range is between $175,000 and $220,000, which will be prorated based on the internship start and end dates.

Ready to apply?

The application is on the official Schonfeld careers page.

Apply on company site