Quant jobs / JPMorgan

2027 Quantitative Research Markets Summer Internship – Associate (PhD)

A summer internship for PhD students in JPMorgan's Quantitative Trading & Research Markets team, with expected graduation between December 2027 and August 2028. Interns work on models and strategies for trading and risk.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Help build and maintain pricing and hedging models
Support alpha research and strategy testing
Calibrate model parameters and look at pricing optimisation
Work with traders and technologists to apply research
Present findings to non-technical colleagues

What they ask for

Required

Enrolled in a PhD programme in a relevant field
Graduating December 2027 to August 2028
Programming experience in Python, C++ or similar
Analytical and problem-solving skills
Research skills from coursework or projects
Clear written and spoken communication
Attending a US university

Preferred

Options pricing or trading algorithm knowledge
Initiative
Machine learning and data science
Advanced programming proficiency

Education: Enrolled in a PhD programme in maths, statistics, physics, engineering, CS, data science or ML
Experience: PhD students graduating Dec 2027 to Aug 2028; US university only
Languages and tools: Python
C++
Markets: multi-asset

How to prepare

Price vanilla and barrier options in Python and explain the Greeks
Do a small research project on a trading signal with honest out-of-sample testing
Practise coding tests in Python and C++ (a HackerRank assessment is part of the process)
Be ready to link your PhD methods to a market problem

What to study

The Quantitative Researcher roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on JPMorgan’s site before applying: requirements, location and pay can change after we check them.

View the posting on JPMorgan’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with JPMorgan and doesn’t handle applications.