ManagerSusquehanna is not your average trading firm and this internship is far from a cookie-cutter experience. The firm has carved out a distinct identity in the finance world through its unique culture rooted in game theory, probabilistic reasoning and a no-hierarchy ethos that allows everyone – from interns to senior partners – to contribute ideas that drive success.
At Susquehanna, interns don’t shadow analysts or observe traders from behind a glass wall. Instead, they work side-by-side with top-tier researchers, seasoned traders and expert technologists to brainstorm, test and implement strategies that could influence the firm’s global trading performance. From building models to interpreting high-frequency data, every task you perform is meaningful, measurable and mission-critical.
One of the standout features of this internship is its commitment to replicating the full-time experience. You’ll engage with the same tools, face the same challenges and contribute to the same outcomes as full-time quantitative researchers at the firm. Whether it’s building predictive models for equity options, conducting statistical tests on market anomalies or working on simulations to test trading hypotheses, you’ll be doing the kind of work that doesn’t just build your resume – it builds your legacy.
The work is rigorous and the standards are high, but the mentorship is exceptional. You’ll receive guidance from industry leaders who are just as passionate about teaching as they are about solving complex market puzzles.
For international candidates, the opportunity becomes even more attractive with the inclusion of visa sponsorship and a comprehensive relocation package. This reflects Susquehanna’s global perspective on talent and its dedication to recruiting the best minds from around the world. If you’ve been hesitant to apply for overseas internships due to logistical hurdles, Susquehanna removes those barriers entirely. They handle the paperwork and assist with the move, so you can focus on what really matters – growing your career in an elite and supportive environment. Add to that free daily meals, regular team-building activities and a collaborative office culture and you’ve got more than just an internship. You’ve got a launchpad for success.
In a world where internships are often watered-down versions of the real job, Susquehanna flips the script. They believe that the best way to prepare future quantitative researchers is by immersing them in the exact environments and responsibilities that define the profession. This is your chance to not only learn from the best but also to prove yourself alongside them.
With a clear pathway to full-time opportunities, unparalleled exposure to the intricacies of modern trading and the freedom to innovate within a collaborative framework, this program offers the ultimate entry point for any PhD candidate looking to make a mark in quantitative finance. Whether you’re fueled by equations, code or curiosity, this internship could very well be the smartest move of your academic career.
Job Type
Internship Opportunity
Location
Sydney, New South Wales, Australia
Perks and Benefits
Highlights from the complete job listing:
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Complimentary meals provided daily
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Eligibility for visa sponsorship
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Relocation support for eligible international candidates
Join Susquehanna as a Quantitative Research Intern and immerse yourself in the dynamic world of quantitative trading. This internship is structured to replicate the real work our full-time employees undertake, providing an unmatched opportunity to gain firsthand experience in quantitative finance.
Throughout this program, you will be mentored by experts who are leaders in their field, ensuring you develop a robust and industry-relevant skill set.
Our internship is more than just a learning experience – it’s a deep dive into the practical applications of mathematics, statistics and computer science in modern trading strategies. You will engage in collaborative problem-solving, data-driven decision-making and the development of high-level trading algorithms.
What You’ll Be Doing
Throughout the intensive 10-week internship, interns will be exposed to projects that simulate the responsibilities of a full-time quantitative researcher at Susquehanna. Here’s a breakdown of your potential responsibilities and experiences:
Apply Advanced Math in Real-World Scenarios
You’ll tackle trading problems using a combination of probability theory, statistical inference and mathematical modeling. These aren’t just abstract exercises – they directly influence the decision-making process behind complex trading strategies.
Collaborate Across Disciplines
Interns will be expected to work closely with cross-functional teams composed of traders, researchers and technologists. Together, you will translate cutting-edge research into strategies that create tangible value in financial markets.
Design and Improve Trading Models
You’ll contribute to designing and refining trading models using rigorous quantitative techniques, helping us explore opportunities in global markets.
Get a Glimpse Into Daily Life at Susquehanna
Take a look at Robert’s journey – a real Quantitative Researcher at Susquehanna – to see what a day on the job looks like. This offers insight into the kinds of problems you’ll be solving and the impact you can make.
Who We’re Looking For
We are seeking PhD candidates who are currently in the penultimate year of their doctoral studies and have a strong foundation in quantitative disciplines. If you possess a deep passion for mathematical challenges and computational problem-solving, you may be a great fit.
Academic Background
You should be enrolled in a PhD program in one of the following disciplines (or a closely related field):
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Mathematics
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Statistics
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Physics
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Computer Science
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Operations Research
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Economics
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Electrical Engineering
Key Attributes We Value
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Advanced mathematical problem-solving ability: You should enjoy untangling complex problems and deriving creative solutions using numbers.
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Excellent communication skills: You must be able to explain intricate concepts clearly and work effectively in collaborative environments.
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Proficient computing skills: We value your ability to write efficient, clean and reliable code. Familiarity with specific languages is less important than your general coding aptitude.
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Experience conducting in-depth research: You should have previous experience driving long-term, analytical research projects independently or as part of a team.
What You’ll Gain From This Internship
Our internship goes beyond typical entry-level exposure – it’s a stepping stone into the core of quantitative research and trading. Susquehanna fosters an environment where every voice matters, regardless of experience or title.
Here’s what sets us apart:
A Non-Hierarchical, Inclusive Culture
We encourage interns to share ideas, challenge existing norms and collaborate freely. You’ll be part of a vibrant culture where learning is continuous and innovation is celebrated.
Fully Catered Meals
Fuel your brain with healthy, fresh meals. Our office kitchen is stocked with snacks and we provide daily breakfast and lunch to keep you energized throughout the day.
Team Events and Community Involvement
Whether you’re into sports, social outings or giving back to the community, Susquehanna offers regular events to help you unwind, network and connect.
Visa Sponsorship and Relocation Support
We understand that talent knows no borders. That’s why we offer comprehensive visa sponsorship and a relocation package for successful candidates moving to Sydney.
A Chance to Make an Impact
Interns at Susquehanna don’t sit on the sidelines – you’ll be involved in meaningful work from day one, influencing how we trade and the strategies we pursue.
Important Note: When you apply for this role, you are also automatically considered for our Quantitative Systematic Trading Internship. You only need to apply once to be reviewed for both internship streams.
About Susquehanna International Group (SIG)
Susquehanna isn’t just a trading firm – it’s a collective of thinkers, strategists, engineers and analysts who share a passion for complex problem-solving. We were founded by a small group of friends with a shared love for game theory and probabilistic thinking. Today, we are one of the largest proprietary trading firms globally, yet we still hold onto the spirit of curiosity and experimentation that shaped our early days.
Our Global Presence
From Sydney to Dublin to Philadelphia, our teams operate in major financial hubs around the world. We are driven by a unified commitment to data-driven decision making and collaborative innovation.
What We Do Best
Our core strength lies in our seamless integration of:
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Trading
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Technology
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Quantitative Research
This triad allows us to tackle virtually every listed financial product and asset class across global markets. We’re specialists in derivatives trading, functioning both as market makers and market takers. Our goal is to enhance market liquidity, ensure price competitiveness and maximize efficiency in trade execution.
Each trading desk is specialized, which means deep expertise in specific instruments, sectors or markets – allowing us to move with agility and precision.
Susquehanna champions diversity, equity and inclusion. We invite individuals from all walks of life to apply for this role. We’re dedicated to making our recruitment process as accessible as possible. If you need reasonable accommodations during the application or interview stages, please don’t hesitate to reach out to our recruitment team.
For any special requests or questions during your application process, contact:
Important Disclaimers
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Compensation Information: Susquehanna does not publicly disclose salary details for internship positions. Any compensation figures found online are speculative and have not been provided or verified by us.
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Third-Party Applications: We do not accept unsolicited resumes or referrals from recruitment agencies or search firms. Any such materials submitted without a signed agreement will be treated as our property and no placement fees will be honored.
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Visa Sponsorship Available: We are open to international applicants. If you’re eligible and selected, we will sponsor your visa and assist with the necessary documentation and relocation logistics.
If you’re a driven PhD student with a passion for using math and computing to solve real-world challenges, this internship is your gateway into the high-stakes, high-reward world of quantitative trading. Susquehanna provides the tools, mentorship and environment to turn your academic expertise into impactful financial strategies.
This internship is not just a resume builder – it’s a launchpad for a career that values analytical depth, cross-disciplinary collaboration and cutting-edge research.
Apply now and take the first step toward an exciting future with Susquehanna.
Manager