Quantitative Research Intern

Job Description

Here is the detailed, enriched job description for the Quantitative Research Intern role at Susquehanna:

Job Title: Quantitative Research Intern

Company: Susquehanna (SIG)

Locations: Philadelphia, New York

Program Duration: Ten-week program

Compensation & Benefits:

• $6000 weekly base salary
• Signing bonus
• Housing
• Breakfast and lunch
• Other perks

Overview of the Internship

As a Quantitative Research Intern at Susquehanna, you will engage in projects designed to model the work of our full-time employees. The program includes a comprehensive education program and opportunities to interact with mentors who are leaders in their field, enabling you to build foundational knowledge in quantitative finance. Interns will have the unique opportunity to build alphas on an actual trading strategy.

What You Can Expect (Key Responsibilities & Learning Opportunities)

• 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 to optimize performance.
• Breadth: Explore all aspects of quant work and different areas of Susquehanna’s business, gaining a holistic understanding of the firm.
• 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 fosters collaboration with multiple teams, providing exposure to various groups and parts of the business.

Susquehanna is committed to providing the best quant internship program in the industry, combining all the above elements. Many previous quant interns choose to return for a full-time career.

What We’re Looking For (Qualifications)

• Education: Masters (in penultimate or final year) in quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics.
• Analytical Skills: Analytical problem-solvers with excellent logical reasoning and a passion for turning data into decisions.
• Communication: Clear communicators who can thrive in a fast-paced and highly collaborative environment.
• Technical Skills: Programmers comfortable processing and analyzing large data sets in Python; experience with C++ (or another low-level language) is a plus.
• Strategic Thinking: Strategic thinkers with demonstrated interests in strategic games and/or competitive activities.
• Work Ethic: Self-motivated and quick to learn, thriving in a dynamic, fast-moving environment.

Additional Information

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.

About Susquehanna

Susquehanna is a global quantitative trading firm driven 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 within our systematic trading environment. To address the unique challenges of global markets, Susquehanna leverages machine learning and advanced quantitative research on vast datasets 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.