Quant jobs / JPMorgan

Markets Quantitative Trading & Research Off-Cycle Internship 2027

A 3 to 6 month off-cycle internship for PhD students rotating across pricing, risk and systematic trading analytics. It sits in the J.P. Morgan quantitative modelling group that spans derivatives pricing, risk and electronic trading.

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.

Build pricing, hedging and risk models for derivatives alongside a desk team
Prototype machine-learning tools for electronic trading and market making
Run scenario analyses and explain model behaviour to traders and risk managers
Research medium to high-frequency trading ideas and portfolio construction methods

What they ask for

Required

Currently studying for a PhD in a quantitative field
Graduation after December 2027
Programming in at least one language
Quantitative problem solving and research ability
Clear written and verbal communication

Preferred

Probability, stochastic calculus and PDEs
Optimisation, statistics and machine learning
Options pricing theory
Trading algorithms or financial regulation

Education: PhD student in maths, physics, engineering, computer science, machine learning or statistics
Experience: Students; 3 to 6 month programme with possible full-time offers
Languages and tools: Python
Java
JavaScript
C++
C#
Markets: multi-asset, options

How to prepare

Implement Black-Scholes pricing and Greeks in Python, then a Monte Carlo pricer to check it
Revise stochastic calculus and PDE methods for option pricing
Build a small market-making simulation with inventory control
Practise explaining a model's limits in plain language, since the role stresses communication

What to study

The Derivatives Pricing Quant 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.