US intern pay, a week
$2,880 to $8,600
Lowest to highest, across the firms’ US intern ads
Median ad
About $5,290 a week
The middle of the 11 US ads, a range counted at its middle
Highest weekly rate
$8,600
SIG, Master’s and PhD interns, New York
HRT, New York
$5,800 a week
Plus housing and meals
HRT, London
£4,350 a week
Algorithm development and data science interns, plus housing and meals
A quant internship is a paid summer at a trading firm, working on real research, trading or engineering problems. SIG’s New York programme, for example, runs for ten weeks and includes housing, breakfast and lunch.
Firms state intern pay in different ways, so the table below converts every figure to a week.
How much do quant interns earn?
US trading firms pay quant interns about $2,880 to $8,600 a week in their own ads, and the middle ad pays about $5,290. SIG pays the most, at $8,600 a week for Master’s and PhD interns in New York.
Firms state the figure in three ways: a weekly base, a monthly base, or a yearly base paid for the weeks the intern works. Jump, for example, advertises its trading internship at a $300,000 yearly base. The last column converts every figure to a week, dividing a yearly figure by 52. That column is our calculation, not the firm’s.
Intern base pay in live job ads, checked 24 September 2026
| Firm | Internship | Stated pay | About per week |
|---|---|---|---|
| SIG | Quantitative Research or Systematic Trading, Master’s and PhD, New York | $8,600 a week | $8,600 |
| XTX Markets | AI Research Internship, New York | $35,000 a month | About $8,080 |
| Jane Street | Quantitative Researcher Internship, New York | $300,000 a year | About $5,770 |
| Jump Trading | Campus Quantitative Trader or Researcher, Chicago and New York | $300,000 a year | About $5,770 |
| Hudson River Trading | Algorithm Development, New York | $5,800 a week | $5,800 |
| Citadel | Quantitative Research Analyst, US | $4,500 to $5,800 a week | $4,500 to $5,800 |
| Citadel Securities | Software Engineer or PhD Quantitative Researcher, US | $4,500 to $5,800 a week | $4,500 to $5,800 |
| DRW | Quantitative Research, Chicago and New York | $250,000 to $300,000 a year | About $4,810 to $5,770 |
| IMC | Quantitative Trader or Researcher, Chicago | $250,000 a year | About $4,810 |
| SIG | Equity or Macro Analyst, New York and Chicago | $4,250 a week | $4,250 |
| Flow Traders | Quantitative Trading, New York | $150,000 a year | About $2,880 |
XTX’s monthly figure is converted as 12 months divided by 52 weeks.
What do interns get besides the base?
Usually a signing bonus, housing and meals, although the ads put no figure on them. SIG’s interns receive a signing bonus, housing and meals. HRT adds a signing bonus, company-paid housing and meals. Citadel’s and Citadel Securities’ ads say interns may receive a sign-on bonus, a housing stipend or covered accommodation, and company-sponsored travel. In Amsterdam, Da Vinci covers flights and accommodation.
Undergraduate pay at SIG
The press reported in July 2026 that SIG pays undergraduate interns about $7,600 a week.
Are internships outside the US paid as well?
Where a firm states the rate, yes. HRT pays S$7,650 a week in Singapore and £4,350 a week in London, both with company-paid housing and meals. Few other firms publish intern pay outside the US.
In Amsterdam, Da Vinci’s quant trading internship offers "competitive compensation" with no figure, and covers flights and accommodation.
How do you get a quant internship?
By passing a short timed test first. Most firms open with an online assessment of mental arithmetic and number sequences, then interview on probability puzzles and market-making games. Developer internships add coding rounds.
The tests come early. The Summer 2027 ads above were already live in September 2026, so a candidate sits the assessment most of a year before the internship starts.
Each firm’s practice page follows its own test, in the same format and timing, and the interview guides describe the rounds after it. Speed on the timed test is the part that takes weeks to build.