2027 Quantitative Researcher Intern

Meet the Teams

Millennium’s teams operate in a dynamic and entrepreneurial environment, supported by the firm’s resources, technology and strong commitment to innovation across data and markets. Within areas such as Equities, Fixed Income, Credit, Commodities, Execution Services, Risk and Portfolio Pricing and Valuations, teams combine deep specialization with a rigorous risk framework and a collaborative culture focused on delivering high-quality results.

What You’ll Do

• Explore and analyze a wide range of datasets, including market and alternative data, using statistical, machine learning, econometric, and applied mathematics techniques.

• Backtest strategies to evaluate performance, robustness, and practical application.

• Build and enhance research tools, including data acquisition and normalization libraries, backtesting tools, and portfolio optimization capabilities.

• Partner closely with quantitative researchers and investment professionals to support live investment strategies.

• Apply analytical and programming skills to solve real-world quantitative research challenges.

What You Bring

• Graduating between December 2027 and July 2028.

• Academic Excellence: Cumulative GPA of 3.5 and above required

• Pursuing a Master’s degree in a technical or quantitative discipline such as financial engineering, quantitative and computational finance, statistics, applied mathematics, physics, computer engineering, computer science, operations research, data science, or engineering.

• Demonstrated proficiency in Python; experience with additional languages such as C++ is a plus.

• Ability to apply AI tools effectively in quantitative workflows and clearly explain methodology, rationale, and output validation.

• Understanding of data structures and algorithms.

• Experience conducting an in-depth research project using real-world data.

• Solid knowledge of statistical and machine learning techniques.

• Availability to commit fully to the internship for the full program duration.

Salary Range

The estimated annual compensation package for this position is $221,500 - $226,500, which is specific to New York and may change in the future.