Quantitative Research Intern

Job Description

About Company

Susquehanna (SIG) is a leading quantitative finance firm recognized for offering a “best-in-industry” Quantitative Research Internship program. The company is deeply involved in predicting market behavior, generating alphas, and developing sophisticated trading strategies through the application of probability theory, statistical analysis, and machine learning techniques. Susquehanna fosters a highly collaborative, fast-paced, and dynamic work environment, placing a strong emphasis on continuous learning, personalized mentorship from top professionals, and broad exposure across different aspects of its business. The firm prides itself on its ability to attract and retain talent, with many previous interns returning for full-time careers.

Job Description: Quantitative Research Intern

Overview
As a Quantitative Research Intern at Susquehanna, you will be actively involved in projects designed to mirror the work of full-time employees, gaining practical, real-world experience. The internship provides a comprehensive education program alongside opportunities to interact with mentors who are leaders in their field, enabling you to build a strong foundational knowledge in quantitative finance. A core component of the role is the chance to build alphas on an actual trading strategy.

What You Can Expect (Key Responsibilities and Learning Opportunities)

• Modelling: Apply advanced quantitative methods, including probability theory, statistical analysis, and machine learning techniques, to predict market behavior and generate new alpha strategies.
• Execution: Develop and implement strategies to execute on modelling ideas within a simulated competitive trading environment.
• Evaluation: Conduct thorough backtesting of ideas using historical market data and continuously revise strategies based on analytical findings.
• Breadth: Gain comprehensive exposure to all facets of quantitative work and explore various departments and business areas within Susquehanna.
• Education: Participate in a comprehensive educational curriculum and benefit from personalized mentorship from experienced professionals, designed to significantly accelerate your growth in quantitative finance.
• Collaboration: Work within an open and highly collaborative environment, engaging with multiple teams and gaining exposure to diverse groups and parts of the business.

Program Excellence
Susquehanna combines these elements to deliver what it considers the best quantitative internship program in the industry. The program is structured to provide an exceptional learning and development experience, as evidenced by the high rate of previous quant interns who choose to return for a full-time career.

What We’re Looking For (Qualifications)

• Educational Background: Candidates must be PhDs (in their penultimate or final year) from highly quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics.
• Problem-Solving Acumen: Analytical problem-solvers possessing excellent logical reasoning skills and a genuine passion for transforming data into actionable decisions.
• Communication Skills: Clear communicators who can effectively collaborate in a fast-paced and highly dynamic environment.
• Programming Proficiency: Comfortable processing and analyzing large data sets in Python. Experience with C++ (or another low-level language) is a distinct advantage.
• Strategic Thinking: Demonstrated interest in strategic games and/or competitive activities, indicative of strong strategic thinking abilities.
• Work Ethic: Self-motivated and quick to learn, capable of thriving in a dynamic, fast-moving environment.

Compensation and Benefits

• Weekly Base Salary: Interns will receive a $6000 weekly base salary for the ten-week program.
• Signing Bonus: An additional signing bonus will be provided.
• Housing: Included.
• Meals: Breakfast and lunch are provided.
• Other Perks: Additional benefits and perks are offered.

Location
Opportunities for the Quantitative Research Intern will be available in Susquehanna’s Philadelphia and New York offices.

Application Note
By applying to this specific role, you will be automatically considered for the Quantitative Systematic Trading Internship program. There is no requirement to apply to both positions separately to be considered for both.
*Recruiting agencies interested in partnership should contact recruiting@sig.com. Resumes or referrals submitted without a signed agreement will not be eligible for an agency fee.*