Deadline:
As soon as possible
Location(s)
United States of America
New York
Overview
The D. E. Shaw group seeks talented individuals with unique perspectives to join the firm as proprietary trading interns. Trader interns sit at the core of the firm’s discretionary investment strategies and take on complex challenges to deepen their understanding of financial markets, investment processes, and trade construction. They gain exposure to the firm’s portfolio management strategies, process-oriented investment philosophy, and risk management in a collaborative and engaging work environment. This is a ten-week program that will take place in New York and is expected to run from June to August 2027.
Details
What you’ll do day-to-day
- Gain exposure to general trading activities, participate in monitoring markets and positions, and analyze market events.
- Employ a number of technological platforms to analyze market data and make qualitative decisions based on your analyses.
Who We Are
Founded in 1988 over a small bookstore in downtown New York City, the D. E. Shaw group began with six employees and $28 million in capital and quickly became a pioneer in computational finance. In the early days of exposed pipes and extension cords, tripping on a cable could take out our whole trading system. Today, the firm has more than 1,400 people around the globe and an institutional-grade (and trip-proof) infrastructure, but we still value creativity, entrepreneurship, and the spirit of discovery.
The firm prizes a culture of collaboration across disciplines, geographies, and investment strategies. Experienced leadership and diversely talented minds chart our course. Analytical rigor, an open exploration of ideas, and a relentless pursuit of excellence drive us forward.
Our People
We spend time extensively searching the globe for talented individuals. We invest in those who are able to think creatively, who are relentlessly rational, and who put ego aside in the interest of getting things right. Then we empower them to do their best work in an environment where they are free to express the eclectic parts of their personality.
How To Join
At the D. E. Shaw group you’ll find sharp minds, strict ethical standards, and a precise approach to solving problems. Joining our team means you’ll be working with a complex, creative, socially conscious, and occasionally nerdy set of individuals. Here we thrive on differences—in experiences, ideas, and ways of thinking. No matter where you're coming from, we welcome exceptional applicants of all types to join our team.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Who we’re looking for
- Candidates who approach problem solving with curiosity, think creatively, and can generate interesting and orthogonal insights (e.g., through involvement in coding or trading competitions, hackathons, investment clubs, or STEM research experience).
- Individuals with an aptitude for deep analysis who can recognize connections across a wide range of sources and synthesize information into clear and persuasive messages.
- Applicants should be able to support arguments with data and quantitative analysis.
- We welcome applicants from any field of study; no previous finance experience is necessary. Students in this program are usually approaching their final year of full-time study.
Dates
Deadline: As soon as possible
Cost/funding for participants
The position offers a monthly base salary of $25,000, overtime pay, a sign-on bonus of $10,000, travel coverage to and from the internship, and choice of furnished summer housing or a $10,000 housing allowance. It also includes a $3,300 stipend for self-study materials and a $4,000 stipend for personal technology equipment. If you have any questions about the compensation, please ask one of our recruiters.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
