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(Format forked from QuantStart. Updated and Maintained by the Northwestern Fintech Club.)
Are you a firm looking to reach quant interns? Let us know at nuft@u.northwestern.edu and we will take care of adding your positions.
✅ = Company offers role and applications are open → click on the checkmark for a link to the job posting
✔️ = Company offers role, applications are not open
SWE = Software Engineering or Quantitative Development
QR = Quantitative Research
QT = Quantitative Trading
| Company | Location | SWE | QR | QT | Status | Notes |
|---|---|---|---|---|---|---|
| Akuna Capital | Chicago | ✅ | ✔️ | ✔️ | Apply early! | |
| Ansatz Capital | NYC | Very Small | ||||
| Aquatic | Chicago | |||||
| AQR | Greenwich | ✔️ | ✅ | |||
| BAM | ✅ | ✅ | ||||
| Arrowstreet Capital | Boston | ✅ | ✅ | Highest Interview Difficulty | ||
| Belvedere Trading | Chicago | ✔️ | ✔️ | ✔️ | ||
| Blackedge Capital | Chicago | ✔️ | ✔️ | |||
| Bridgewater | Westport | ✅ | Day Ralio's firm. Very unique culture. | |||
| Campbell and Company | Baltimore, MD | This small 60 employee multi-strat quant firm has an extremely collaborative culture. | ||||
| Citadel | Chicago, NYC | ✅ | ✅ | ✅ | The hedge fund side of Ken Griffin's Citadel. The quants are mostly on the Global Quantitative Strategies team (GQS). Citadel tends to be fairly school-selective. | |
| Citadel Securities | Chicago, NYC | ✅ | ✅ | ✅ | The market making arm of Citadel. The general perception is that the culture tends to be better at Citadel Securities vs Citadel LLC. A good way to get into the interview pipeline is through Citadel's Data Open competition. | |
| Chicago Trading Company | Chicago | ✔️ | ✔️ | |||
| Cubist | New York City | ✅ | ✅ | The quant arm of Steve Cohen's Point72 hedge fund. | ||
| DE Shaw | NYC | ✅ | ✅ | Tends to be extremely school-selective, mostly recruiting from ivy leagues and similar. | ||
| DRW | Chicago | ✅ | ✅ | ✅ | Perception is that DRWers tend to have a good WLB but teams are usually siloed. One of the first traditional firms that started going into crypto. | |
| Five Rings | NYC | ✅ | ✅ | ✅ | Winter also available. | Very school-selective. |
| Flow Traders | NYC | ✔️ | Primary focus is on ETFs. Pay tends be lower than IMC and Optiver but the office is NYC instead of Chicago. | |||
| G-Research | London | Also hires people out of the US. Very focused on research with a lot of people working on cutting-edge Machine Learning. | ||||
| Geneva Trading | Chicago | ✔️ | ✔️ | |||
| GSA Capital | NYC | |||||
| HAP Capital | NYC | ✔️ | ✔️ | |||
| Headlands Tech | Chicago | Founded by ex-Citadel people. Max Dama works here. Similarly to Ansatz, Aquatic, and Radix, a small firm that is willing to pay more than most competitors. Known to have a large focus on C++, both among QRs and SWEs. | ||||
| HRT | Chicago, NYC | ✅ | ✅ | The Algo Dev role at HRT is essentially Quantitative Research. HRT's culture seems to be pretty similar to JS and pay is similar too. HRT has a bigger focus on ML with their dedicated HRT AI Labs. HRT, JS and Two Sigma are also known to recruit QRs out of undergrad. | ||
| IMC Trading | Chicago | ✅ | ✅ | ✅ | Word is that IMC has the chillest culture out of the three big dutch firms (IMC, Optiver, Flow Traders). Pay tends to be in between Flow Traders and Optiver. Tends to be more focused on the quantitative side than Optiver and Flow. Has one of the highest intern salaries. | |
| Jane Street | NYC | ✅ | ✅ | ✅ | Founded by ex-SIG people. Tends to be more school-agnostic than other firms. Also offers a lot of first-round interviews. General perception of JS is that it has a very comfortable and quirky culture. Specializes in market making. | |
| Jump Trading | Chicago | ✅ | ✅ | ✅ | Fairly school-selective recruiting. Very engineering-focused with siloed teams. | |
| Mako Trading | London | |||||
| Marshall Wace | NYC | |||||
| Maven Securities | London | Founded by ex-optiver traders. | ||||
| Millenium | NYC | ✔️ | ✅ | Check Handshake. | ||
| Old Mission | Chicago, NYC | Takes 4 total for a winter internship. | ||||
| Optiver | Chicago | ✅ | ✔️ | ✅ | Tends to have the highest pay out of the three big dutch firms (IMC, Optiver, Flow Traders) due their marble bonus system. Larger focus on traders. Traders generally tend to earn considerably more than SWEs at the Dutch firms, especially over time. QR roles are open for graduate students | |
| PDT Partners | NYC | ✔️ | Founded by Pete Muller, very collaborative and secretive culture similar to Rentech. Recruits college students for mainly SWE but some SWE/QR combo roles (dependent on team). Exclusively recruits PhD students for full-time QR roles. | |||
| Peak6 | Chicago | ✔️ | ✅ | The internships are geared towards women. The new grad roles are open to everyone. | ||
| QuantLab | Houston | ✅ | ||||
| Radix Labs | Chicago | ✅ | ✅ | Founded by ex-Citadel people. Radix calls SWEs Quantitative Technologists. They don't publicize internships but they do select a handful of interns every year. Just email your resume. Rumor is that they offer the highest internship salaries. Culture is likely most similar to Renaissance. | ||
| Renaissance | Setauket- East Setauket | The legendary OG quant fund (medallion). Good luck with this one. You can email your resume and they do sometimes interview normal SWEs but it's very unlikely you'll get an interview for any other role unless you're extra-extraordinary. | ||||
| Schonfeld | ||||||
| Seven Eight | NYC | |||||
| SIG | Bala Cynwyd | ✔️ | ✔️ | ✔️ | Has a huge poker culture. Fairly chill culture but pay tends to be on the lower side. | |
| Squarepoint | NYC | ✅ | ||||
| TGS | Irvine | TOP TOP TOP Tier. | ||||
| Tower Research | NYC | ✅ | Pretty traditional portfolio manager culture. | |||
| TransMarketGroup | Chicago | ✅ | ||||
| Two Sigma | NYC | ✅ | Founded by ex-DE-Shaw people. Collaborative and chill culture. The org is mostly composed of QRs and SWEs. More of a quant hedge fund, with a a smaller market making arm and a venture capital team. | |||
| Valkyrie Trading | Chicago | ✅ | ||||
| Vatic Labs | NYC | ✔️ | Founded by ex-Jump people. | |||
| Virtu Financial | NYC, Austin | ✅ | ✅ | ✔️ | ||
| Voleon | Berkeley | ✔️ | Specializes in Machine Learning and recruits college students for SWE roles but primarily recruits PhD students for research roles. | |||
| Wolverine | Chicago | ✔️ | ||||
| WorldQuant | NYC | |||||
| XTX Markets | London | Branched out of GSA capital. |