Quantitative Research Intern

Job Description

About Susquehanna

Susquehanna is a leading firm in the quantitative finance industry, known for its commitment to comprehensive education, mentorship, and a competitive, collaborative work environment. With offices in Philadelphia and New York, the company focuses on cutting-edge quantitative research and the development of sophisticated trading strategies. Susquehanna provides a robust platform for professionals to excel, evidenced by the high return rate of its interns for full-time careers, positioning itself as offering the “best quant internship program in the industry.” The firm emphasizes an open culture that encourages collaboration across multiple teams and business areas, fostering a dynamic and fast-moving environment where data-driven decisions are paramount.

Job Description: Quantitative Research Intern

Job Title: Quantitative Research Intern

Overview:
As a Quantitative Research Intern at Susquehanna, you will engage in projects that closely mimic the work of full-time employees, offering a realistic and challenging experience. The internship features a comprehensive education program and direct interaction with top-tier mentors, designed to build foundational knowledge in quantitative finance. A core component of the role is the opportunity to build alphas on an actual trading strategy, contributing directly to real-world applications.

Key Responsibilities & What You Can Expect:

• Modelling: Apply advanced techniques including probability theory, statistical analysis, and machine learning to predict market behavior and generate profitable trading signals (alphas).
• Execution: Develop and implement strategies to effectively execute modelling ideas, operating under conditions that simulate competitive market environments.
• Evaluation: Rigorously backtest developed ideas using historical market data, iterating and revising strategies based on empirical performance.
• Breadth: Gain exposure to the full spectrum of quant work and explore various areas across Susquehanna’s diverse business operations.
• Education: Participate in a structured and comprehensive education program, complemented by personalized mentorship from experienced professionals to significantly accelerate your professional growth.
• Collaboration: Work within an open and highly collaborative environment, facilitating interaction with multiple teams and providing exposure to different groups and parts of the business.

Program Highlights:
Susquehanna aims to provide the best quant internship program in the industry, fostering an environment where interns often choose to return for full-time careers.

Compensation & Perks:
For the ten-week program, Master’s Quantitative Research interns will receive a $5700 weekly base salary. Additionally, interns will benefit from a signing bonus, housing, breakfast and lunch, and various other perks.

Locations:
Opportunities for this internship are available in Philadelphia and New York offices.

Qualifications – What We’re Looking For:

• Academic Background: Currently pursuing a Master’s degree (in penultimate or final year) in highly quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics.
• Analytical Skills: Demonstrated ability as an analytical problem-solver with excellent logical reasoning and a strong passion for transforming data into actionable decisions.
• Communication: Clear communication skills are essential for thriving in a fast-paced and highly collaborative team environment.
• Programming Proficiency: Comfortable processing and analyzing large data sets, particularly proficient in Python. Experience with C++ (or another low-level language) is a significant plus.
• Strategic Thinking: Demonstrated interest in strategic games and/or competitive activities, indicating a capacity for strategic thought.
• Work Ethic: Self-motivated and a quick learner, adept at thriving in a dynamic, fast-moving environment.

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