Quantitative Internships
Quantitative 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 in Investment & Asset Management, Automotive, and Technology & Software, with Akuna Capital, IMC Financial Markets, and D. E. Shaw & Co. - Investment Firm among the employers posting roles now.
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Showing 5 of 12+ Quantitative Internships
About the Group: As a Quantitative Research Intern, you’ll be part of a cohort of interns across the company, participating in training, mentorship, and networking opportunities while contributing meaningfully to our research and data science initiatives. We welcome students who are curious, analytical, and passionate about using data to improve investor outcomes. This internship is ideal for those interested in quantitative research, investment analysis, and financial technology.
The Program: We created the Morningstar Summer Internship Program for college students entering their final year as a first step towards successful, long-term careers in any professional field. Participants will contribute to different aspects of Morningstar’s business through ten-week- individual and group projects, learning about the financial services and securities industries, and gaining critical business development skills. Our interns receive hands-on mentoring from their colleagues and the People & Culture team to help them succeed at Morningstar.
Job Re sponsibilities:
A ssist in cleaning and organizing financial datasets for use in research projects.
Support the development and testing of models using basic statistical techniques.
Help build visualizations and summaries to communicate research findings.
Shadow quantitative analysts to learn how they apply data science to investment questions.
Collaborate with internal teams to understand how research connects to Morningstar’s products and services.
Participate in team meetings and contribute ideas to improve research workflows.
Document processes and findings to support transparency and reproducibility.
Qualifications
Between 0-2 years of professional working experience.
Currently pursuing a bachelor’s degree in a quantitative or financial discipline (graduating in 2026 or later).
Familiarity with Python or R for data analysis.
Basic knowledge of SQL and statistical methods.
Strong communication skills and ability to explain technical concepts clearly.
Detail-oriented, curious, and eager to learn.
Comfortable working independently and in team settings.
Prior experience with research projects, coding, or financial analysis is a plus.
Must possess unrestricted right to work in the U.S. for this position.
A resume is required to apply. Please include the word "Resume" in the file name of the resume you upload.
Location: Chicago
Compensation: $25 per hour
#LI-DNI
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
About the Group: As a Quantitative Research Intern, you’ll be part of a cohort of interns across the company, participating in training, mentorship, and networking opportunities while contributing meaningfully to our research and data science initiatives. We welcome students who are curious, analytical, and passionate about using data to improve investor outcomes. This internship is ideal for those interested in quantitative research, investment analysis, and financial technology.
The Program: We created the Morningstar Summer Internship Program for college students entering their final year as a first step towards successful, long-term careers in any professional field. Participants will contribute to different aspects of Morningstar’s business through ten-week- individual and group projects, learning about the financial services and securities industries, and gaining critical business development skills. Our interns receive hands-on mentoring from their colleagues and the People & Culture team to help them succeed at Morningstar.
Job Re sponsibilities:
A ssist in cleaning and organizing financial datasets for use in research projects.
Support the development and testing of models using basic statistical techniques.
Help build visualizations and summaries to communicate research findings.
Shadow quantitative analysts to learn how they apply data science to investment questions.
Collaborate with internal teams to understand how research connects to Morningstar’s products and services.
Participate in team meetings and contribute ideas to improve research workflows.
Document processes and findings to support transparency and reproducibility.
Qualifications
Between 0-2 years of professional working experience.
Currently pursuing a bachelor’s degree in a quantitative or financial discipline (graduating in 2026 or later).
Familiarity with Python or R for data analysis.
Basic knowledge of SQL and statistical methods.
Strong communication skills and ability to explain technical concepts clearly.
Detail-oriented, curious, and eager to learn.
Comfortable working independently and in team settings.
Prior experience with research projects, coding, or financial analysis is a plus.
Must possess unrestricted right to work in the U.S. for this position.
A resume is required to apply. Please include the word "Resume" in the file name of the resume you upload.
Location: Chicago
Compensation: $25 per hour
#LI-DNI
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
Quantitative Internship Market
Who's Hiring
Top Industries Hiring
- Investment & Asset Management
- Automotive
- Technology & Software
- Construction & Real Estate
- Banking & Financial Services
Tips for Your Quantitative Internship Search
Apply in fall for the following summer
Large employers open their summer quantitative internship recruiting cycles the preceding fall, and the most structured programs close before winter break. Smaller companies and co-ops post closer to start dates, so check listings throughout the year rather than waiting until spring.
Build a project portfolio before you apply
Quantitative hiring teams want something to evaluate, not just a resume. Document two or three complete projects with the tools you used, Python, R, SQL, statistical modeling, and host the work in a public code repository or write-up so recruiters can review it directly. Coursework counts when the output is visible.
Combine campus recruiting with direct applications
Campus career fairs surface structured internship programs tied to your university, and recruiters there often move faster than online applicants. Your professors and career center staff may know which employers recruit from your school before roles post publicly. Apply directly to smaller companies running their own cohorts alongside campus activity to reach opportunities that never appear at fairs.
Practice the quantitative interview format out loud
Quantitative intern screens typically involve a technical or analytical component, probability and statistics problems, coding questions on data structures, or case-style quantitative reasoning. Practice explaining your thinking aloud as you work through problems, because interviewers weigh your reasoning process as heavily as the final answer.
Target structured quantitative programs early
Many larger employers run dedicated rotational or cohort internship programs built to develop people new to quantitative work. These programs recruit in the first wave of the hiring cycle and fill fast. Identify the ones that fit your background and apply in the earliest window, waiting until the program is broadly advertised often means the cohort is already closed.
Set your work-type filter before you start
On-site roles are 75% of the quantitative internships listed here. Decide what you can realistically commit to before you start reviewing listings, then filter by location and work type so you're only spending time on roles you can actually take.
Quantitative Internships: Frequently Asked Questions
How do I get a quantitative internship?
Lead with coursework and personal projects rather than work history, hiring teams expect limited professional experience at the intern level. For quantitative candidates, a linked code repository or published analysis gives recruiters something concrete to assess. Pair direct applications with campus career fairs, where recruiters often move faster for students they meet in person.
Can a quantitative internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. For quantitative roles, what drives it most is the quality of your project output, whether the team has open headcount, and how early you signal interest. Perform well on real work, ask about return-offer timelines before your internship ends, and treat a conversion as a possibility rather than a plan.
When should I apply for quantitative internships?
Earlier than most candidates expect. Large employers recruit summer interns the preceding fall, sometimes as early as August or September. Smaller companies, startups, and co-op programs post closer to their start dates, so openings appear year-round. Checking listings regularly means you won't miss the early cohorts that fill before spring.
Are quantitative internships paid?
Most professional quantitative 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 uncommon in quantitative fields at the professional level, though academic research positions can differ.
What should a quantitative internship resume include?
Lead with two or three complete, documented projects rather than work history, include the tools you used and a link to the work, whether that's a code repository, published analysis, or case study. Add relevant coursework, keep everything to one page, and put your projects above any unrelated part-time experience so recruiters see your quantitative skills first.
Are there remote quantitative internships?
Yes. Remote and hybrid roles make up 25% of the quantitative 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 quantitative 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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