Quantitative Research Intern

Job Description

About Susquehanna

Susquehanna (SIG) is a prominent firm that offers a Quantitative Research Intern position, indicating its deep involvement in the field of quantitative finance. The company focuses on developing and executing sophisticated trading strategies, leveraging advanced analytical techniques to predict market behavior and generate “alphas” (investment returns above a benchmark). Susquehanna prides itself on fostering a highly collaborative and fast-paced environment, emphasizing comprehensive education, personalized mentorship from top-tier professionals, and broad exposure across different business areas and teams. They are committed to providing what they claim is “the best quant internship program in the industry,” with a strong track record of interns returning for full-time careers.

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Job Description: Quantitative Research Intern

Overview
The Quantitative Research Intern role at Susquehanna offers a unique opportunity to engage in projects that mirror the work of full-time quantitative researchers. Interns will participate in a comprehensive education program and receive personalized mentorship from leading experts in the field, enabling them to build a strong foundational knowledge in quantitative finance. A core component of the internship is the practical opportunity to build alphas on an actual trading strategy.

What You Can Expect (Key Responsibilities & Experiences)

• Modelling: Apply advanced quantitative techniques including probability theory, statistical analysis, and machine learning to predict market behavior and develop strategies to generate alphas.
• Execution: Design and implement strategies to effectively execute on modelling ideas within a simulated competitive environment.
• Evaluation: Conduct rigorous backtesting of ideas using historical market data to assess performance and iteratively refine strategies.
• Breadth: Gain exposure to and explore all facets of quantitative work, along with different areas of Susquehanna’s diverse business operations.
• Education: Benefit from a structured and comprehensive education program, complemented by personalized mentorship from experienced professionals designed to accelerate professional growth.
• Collaboration: Work within an open and highly collaborative environment, facilitating interaction with multiple teams and offering broad exposure to various groups and parts of the business.

Susquehanna asserts that this blend of hands-on experience, rigorous education, and collaborative exposure culminates in “the best quant internship program in the industry,” leading many former interns to return for full-time careers.

What We’re Looking For (Qualifications)

• Educational Background: Candidates must be PhDs (in penultimate or final year) in highly quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics.
• Analytical Acumen: Possess strong analytical problem-solving skills with excellent logical reasoning abilities and a genuine passion for transforming data into actionable decisions.
• Communication Skills: Be a clear communicator capable of thriving in a fast-paced and highly collaborative work setting.
• Programming Proficiency: Comfortable with processing and analyzing large data sets using Python. Experience with C++ (or another low-level language) is a significant plus.
• Strategic Thinking: Demonstrate a proven interest in strategic games and/or competitive activities, indicating a strategic mindset.
• Personal Attributes: Be self-motivated and quick to learn, capable of thriving in dynamic, fast-moving environments.

Application Process Note
By applying to the Quantitative Research Intern role, applicants will be automatically considered for the Quantitative Systematic Trading Internship program as well. There is no requirement to apply to both positions separately.