How to hire a quantitative analyst internship

How to hire a quantitative analyst internship, step by step

Here's a step-by-step quantitative analyst internship hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a quantitative analyst internship job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new quantitative analyst internship
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   The quantitative analyst internship hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a quantitative analyst internship to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a quantitative analyst internship that fits the bill.

   This list presents quantitative analyst internship salaries for various positions.

   Type of Quantitative Analyst Internship	Description	Hourly rate
   Quantitative Analyst Internship	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$34-77
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47
   Risk Analyst	As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions... Show more	$28-53

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Python
   • R
   • Machine Learning
   • MATLAB
   • C++
   • Risk Management
   • Data Analysis
   • Quantitative Research
   • VBA
   • Statistical Analysis
   • Statistical Techniques
   • Quantitative Analysis
   • Time Series Analysis
   • SAS

   Check all skills

   Responsibilities:

   • Manage and update early engagement processes daily through SharePoint.
   • Conduct tutorial on MATLAB to demonstrate program s basic functionality for risk management.
   • Develop tools to explore and compare two datasets of the stock market history using C++ and python.
   • Conduct statistical analyses using SAS and JMP.
   • Formulate and back test statistical arbitrage trading strategies for equities.
   • Analyse financial data using python and SQL to assist fund selection.

3. Make a budget

   Including a salary range in your quantitative analyst internship job description is a great way to entice the best and brightest candidates. A quantitative analyst internship salary can vary based on several factors:

   • Location. For example, quantitative analyst interns' average salary in hawaii is 50% less than in california.
   • Seniority. Entry-level quantitative analyst interns earn 56% less than senior-level quantitative analyst interns.
   • Certifications. A quantitative analyst internship with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a quantitative analyst internship's salary.

   Average quantitative analyst internship salary

   $107,586yearly

   $51.72 hourly rate

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   Entry-level quantitative analyst internship salary

   $71,000 yearly salary

   Updated January 20, 2026

4. Writing a quantitative analyst internship job description

   A good quantitative analyst internship job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a quantitative analyst internship job description:

   Quantitative analyst internship job description example

   Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. This wouldn't be possible without the dedicated efforts of our technology teams who utilize and perfect our innovative technology solutions.
   
   High-performance proprietary trading and development is the source of our success and competitive advantage at Belvedere, further fueling our passion for performance. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry.
   
   At Belvedere Trading, Junior Quantitative Trading Analyst Interns are some of the industry's most quantitative problem solvers. We created this unique role to foster collaboration across our proprietary technology and trading teams. As a result, our Junior Quantitative Trading Analyst Interns participate in a hands-on rotation between Belvedere's trading desks and development teams. On their technology rotation, Junior Quantitative Trading Analyst Interns are at the forefront of technology immersion as they learn best practices in software development. On their trading rotation, Junior Quantitative Trading Analyst Interns implement the most sophisticated trading strategies and focus on projects related to trading logic development, electronic trading strategies, and quantitative research. If you love technology and financial markets, then this position might be for you.
   
   What our Junior Quantitative Trading Analyst Interns do Research - Participate in quantitative research and the application of quantitative strategies while learning concepts behind our core market making operations Daily trading activities - Assist with order execution, trade checking and trade reconciliations Desk strategy - Participate in strategy meetings and collaborate with your team on their position management Data Analysis - Perform analyses on large data sets and pull insights to support our trading strategies Training - Engage in continuous, hands-on training that includes education on option valuation, game theory, hedging, portfolio analysis, and simulated trading games to quickly learn the aspects of option pricing and financial engineering, both on a theoretical level and in application with Belvedere's various strategies
   
   Key qualities in great candidates Communication - We need people who can speak confidently and concisely, especially when the stakes are high Analytical - We're looking for quantitative thinkers and master problem-solvers with strong data analysis skills Team Player - Trading and development are not isolated activities at Belvedere, so great candidates will have demonstrated success in working in team-based environments Curious - We'll teach you everything you need to know, but we love working with people who ask questions and are eager to get involved Core development skills - You will need some training or a demonstrated ability to learn programming languages such as C++, C#, and PythonKnowledge of the financial markets and trading industry is a plus but not a prerequisite Regular attendance is an essential function of this position
   
   Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications.
   We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer.
   We welcome your application.
   
   Core Values
   The secret to our award-winning culture is our Core Values: Team Belvedere, Me In Team, Own It, Iterative Innovation, and Passionate Discourse. We live and breathe these values every day.
   
   Our Stance
   Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.
   
   Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.
   
   Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion
   Physical: Ability to remain at a desk and concentrate for long periods of time
   Amount of Travel Required: None

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5. Post your job

   To find the right quantitative analyst internship for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with quantitative analyst interns they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit quantitative analyst interns who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   To find quantitative analyst internship candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   Recruiting quantitative analyst interns requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new quantitative analyst internship

   Once you've found the quantitative analyst internship candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new quantitative analyst internship first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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