Quant Internships
Quant internships give university students, recent graduates, and early-career switchers hands-on project experience, mentorship from working quantitative analysts and researchers, and, at many employers, a path toward a full-time offer. Openings are concentrated across Investment & Asset Management and Automotive, with BlackRock, PIMCO, and DV Trading among the employers posting roles now.
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Alexion is seeking a Quantitative Intern to support the Quantitative Sciences organization at its Boston-Seaport, Massachusetts location. The PhD intern will work on a specialized short-term project supporting capability builds or key business initiatives, including performing a literature review of Bayesian statistical methods, conducting a simulation study to evaluate design characteristics, and presenting the work at a departmental seminar.
Responsibilities
- Perform a literature review for Bayesian statistical methods, incorporating external evidence in the design of phase 3 studies.
- Conduct a comprehensive simulation study to evaluate the characteristics of the design, with discussions under varying assumptions.
- Present the intern work at the departmental seminar and write a final report of the entire internship project.
Required Qualifications
- Currently pursuing a PhD in Biostatistics, Statistics, or related fields.
- Completed two years of graduate work and passed the doctoral qualification exam prior to the start of the internship.
- Meeting the applicable graduation timeline requirements with an anticipated graduation date set for after August 2027.
- US Work Authorization is required at time of application. Applicants must have work authorization that does not require future sponsorship.
- This role will not be granting OPT support.
- Familiarity with statistical simulations and demonstrated ability to conduct independent statistical research.
- Proficient programming skills in R and SAS.
- Excellent writing, communication, and interpersonal skills.
- Ability to report on site to Boston-Seaport, MA 3 days per week. This role will not provide relocation assistance.
- Program Dates: June 7th - August 13th, 2027
- Hourly rate: $48(PhD)
- #earlytalent
Date Posted
12-Nov-2026Closing Date
29-Nov-2026Our mission is to build an inclusive environment where equal employment opportunities are available to all applicants and employees. In furtherance of that mission, we welcome and consider applications from all qualified candidates, regardless of their protected characteristics. If you have a disability or special need that requires accommodation, please complete the corresponding section in the application form.
Alexion is seeking a Quantitative Intern to support the Quantitative Sciences organization at its Boston-Seaport, Massachusetts location. The PhD intern will work on a specialized short-term project supporting capability builds or key business initiatives, including performing a literature review of Bayesian statistical methods, conducting a simulation study to evaluate design characteristics, and presenting the work at a departmental seminar.
Responsibilities
- Perform a literature review for Bayesian statistical methods, incorporating external evidence in the design of phase 3 studies.
- Conduct a comprehensive simulation study to evaluate the characteristics of the design, with discussions under varying assumptions.
- Present the intern work at the departmental seminar and write a final report of the entire internship project.
Required Qualifications
- Currently pursuing a PhD in Biostatistics, Statistics, or related fields.
- Completed two years of graduate work and passed the doctoral qualification exam prior to the start of the internship.
- Meeting the applicable graduation timeline requirements with an anticipated graduation date set for after August 2027.
- US Work Authorization is required at time of application. Applicants must have work authorization that does not require future sponsorship.
- This role will not be granting OPT support.
- Familiarity with statistical simulations and demonstrated ability to conduct independent statistical research.
- Proficient programming skills in R and SAS.
- Excellent writing, communication, and interpersonal skills.
- Ability to report on site to Boston-Seaport, MA 3 days per week. This role will not provide relocation assistance.
- Program Dates: June 7th - August 13th, 2027
- Hourly rate: $48(PhD)
- #earlytalent
Date Posted
12-Nov-2026Closing Date
29-Nov-2026Our mission is to build an inclusive environment where equal employment opportunities are available to all applicants and employees. In furtherance of that mission, we welcome and consider applications from all qualified candidates, regardless of their protected characteristics. If you have a disability or special need that requires accommodation, please complete the corresponding section in the application form.
Quant Internship Market
Who's Hiring
Top Industries Hiring
- Investment & Asset Management
- Automotive
Tips for Your Quant Internship Search
Apply months before the internship starts
Large employers in quantitative finance and technology recruit summer interns the preceding fall, with some application windows opening in August. Smaller companies and co-op programs post closer to start dates. Check openings frequently from early fall onward and submit as soon as a role goes live.
Build a portfolio of documented quant projects
At the intern level, recruiters weigh evidence of ability over work history. Put two or three complete projects on a public repository or personal site, noting the dataset, the methods, regression, time-series modeling, Monte Carlo simulation, and the tools used. A link recruiters can click is worth more than a bullet point describing the same work.
Work your campus network and apply directly at the same time
Campus career fairs surface structured programs tied to your university, and professors or career center staff often know which employers recruit from your school before roles post publicly. Applying directly to companies running smaller cohorts alongside campus activity widens the pool you reach and catches openings that never appear at a fair.
Practice your technical screen out loud before you apply
Quant intern interviews typically include a quantitative or statistical reasoning screen, a coding assessment in Python or similar, and sometimes a case or modeling problem. Practice explaining your reasoning as you work through problems, interviewers weigh how you think as much as whether you reach the right answer.
Target structured rotational and university programs early
Many large quantitative employers run cohort or rotational internship programs designed to train people new to the field. These programs recruit on a fixed schedule, fill fast, and often carry higher conversion rates. Identify the ones that fit your background and apply in the first wave of their recruiting cycle.
Set your work-type filter before you start searching
On-site roles are 35% of the quant internships listed here. Decide what you can commit to, remote, hybrid, or on-site, before you start, then filter by location and work type on Migrate Mate so you're not sorting through roles you can't take.
Quant Internships: Frequently Asked Questions
How do I get a quant internship?
Lead with coursework, personal projects, and a portfolio rather than work history, hiring teams expect limited experience at the intern level. For quant candidates, the concrete artifact recruiters want to assess is linked code or a published analysis showing your modeling and data work. Pair direct applications with campus career fairs, where recruiters often move faster for students they meet in person.
Can a quant internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. What actually drives it for quant interns is performance on real work, available headcount on the team, and return-offer timing, which varies by firm. Position for one by treating every deliverable seriously, but keep your full-time search running in parallel rather than counting on it.
When should I apply for quant internships?
Earlier than most candidates expect. Large employers, particularly hedge funds, banks, and tech firms, recruit summer interns the preceding fall, with application windows opening in August and September. Smaller companies and co-op programs post closer to start dates, so openings appear year-round. Applying as soon as a role goes live gives you the best chance before cohorts fill.
Are quant internships paid?
Most professional quant internships in the United States are paid. Compensation varies by company size, industry, and location, and listings show it where the employer chooses to disclose it. Unpaid arrangements are rare in quantitative finance and technology and more common at early-stage startups or academic research settings.
What should a quant internship resume include?
Lead with projects, not work history. Include two or three complete, documented projects that show the tools you used, Python, R, SQL, or relevant libraries, and link to the code or published analysis so recruiters can assess your work directly. Add relevant coursework in statistics, mathematics, or computer science, and keep the whole document to one page.
Are there remote quant internships?
Yes. Remote and hybrid roles make up 65% of the quant internship listings here, with the rest on-site. Remote cohorts fill fast, so apply early and filter by work type to see them before they close.
Can international students get quant internships?
Yes. F-1 students can intern through CPT while enrolled or through OPT work authorization after finishing a degree, and the employer does not have to file anything for either, so many companies are open to international interns. Confirm your eligibility and timing with your university's international student office before accepting an offer.
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