--- title: 'Quantitative Trading Analyst Intern - IAP Winternship (MIT Students Only) at DRW - University Jobs' canonical: 'https://feeny.ai/job/quantitative-trading-analyst-intern-iap-winternship-mit-students-only-drw-ngvn4w2s8qp1' type: 'job' last_seen: '2026-10-19' --- # Quantitative Trading Analyst Intern - IAP Winternship (MIT Students Only) at DRW - University Jobs - **Company:** DRW - University Jobs - **Location:** Chicago, IL - **Posted:** 2026-10-06 - **Last confirmed live:** 2026-10-19 - **Apply:** https://job-boards.greenhouse.io/drwuniversityjobs/jobs/8259714 ## Job description Please note, this opportunity is for MIT students only, organized as part of IAP (Independent Activities Period). Our formula for success is to hire exceptional people, encourage their ideas and reward their results. As a Quantitative Trading Analyst Micro-Intern, you will gain exposure to the dynamic worlds of trading and technology in order to learn what it takes to become a successful and sustainable trader. Over the course of your winter IAP term, you will work on a small team to combine the disciplines of technology, research and risk management to identify optimal trading and investment strategies within the regulatory framework through a series of project based assignments. At the conclusion of the month-long program, you will have the opportunity to present your results to senior leadership at DRW. While your days will have you engrossed with complex quantitative trading projects, your evenings will be spent exploring the city with organized social events to truly discover what it’s like to live and work in Chicago. ## How you will make an impact… - Collaborate with senior traders, technologists and quantitative researchers by developing and improving trading strategies by working directly on the trading desk - Identify and research in the development of cutting-edge market research projects using powerful analytic tools - Market research projects vary from macroeconomic data curation and analysis to application of machine learning techniques to market tick data for automated trading - Be given immediate responsibility through assignments like position tracking, calculating risk, and analyzing vital theoretical values ## What you bring to the team… - Are pursuing a bachelor’s degree in mathematics, economics, physics, statistics, computer science or any engineering related field and have an expected graduation date between December 2027 and June 2029. - Advanced quantitative, analytical and problem-solving skills and the ability to deploy those skills under time-sensitive situations - Proficient programming in Python - Are self-motivated, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments - A passion for the financial markets and a deep curiosity to explore new methodologies - Strong communication skills to advocate your ideas in a clear and concise manner to the group What to expect during the internship - Meaningful projects: Each project, advised by a trader, promotes a comprehensive learning experience and provides you with real-world work experience. - Community: Throughout the program, we will host a variety of educational, social and team-building activities to explore the city, foster friendships and camaraderie. - Housing: DRW provides fully furnished apartments located close to the office – making your morning commute as easy as possible. - Mentorship: You’ll build a professional relationship with an experienced mentor in your field. Mentors and mentees meet to discuss goals, challenges and professional development and explore the city together at our mentor outings. - Education: As the trading industry continually evolves, both in terms of new products and transaction methods, the future will present us with unique opportunities and challenges. During your time with DRW, you will have the opportunity to learn more broadly about the firm through interaction & exposure to multiple teams. DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus. The annual base salary for this position is $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice. California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice. ## About DRW - University Jobs ## Company Overview - **One-liner**: DRW is a diversified proprietary trading firm that uses sophisticated technology, quantitative research, and risk management to trade across a broad range of asset classes and markets worldwide. - **Entity Type**: Private (Privately held; not venture-backed) - **Headquarters**: Chicago, Illinois, United States [linkedin.com](https://www.linkedin.com/company/drw) - **Founded**: Not publicly available in provided search results; industry sources commonly cite 1992. - **Founders**: Not disclosed in provided search results (founded by Don Wilson, per external knowledge). ## Core Business - **Primary industry**: Financial Services – Proprietary Trading, Market Making, and Investment Management - **Target customers**: Institutional counterparties, exchanges, and wholesale markets (B2B); DRW provides liquidity and executes trades across equities, fixed income, currencies, commodities, cryptoassets, and derivatives. - **Mission/purpose statement**: “We use the power of free markets to solve challenging problems, capture opportunities, and pursue positive change.” [drw.com](https://www.drw.com/work-at-drw) ## Products & Services - **Proprietary Trading**: Active trading across traditional and crypto markets using quantitative models, data-driven strategies, and short-to-long-term horizons. - **Cryptoassets (Cumberland)**: A regulated prime broker and liquidity provider for digital assets. - **Climate Vault (co-founded)**: A non-profit that helps institutions achieve climate neutrality by purchasing and retiring compliance carbon credits. - **DRW Foundation**: Philanthropic arm focused on education, career readiness, and community investment in underserved communities. ## Market Standing - **Valuation/Market Cap**: Not publicly available (private company) - **Key Metric**: Annual revenue estimated at $485 million (latest data) [linkedin.com](https://www.linkedin.com/company/drw) - **Notable Investors/Partners**: No external venture investors (self-capitalized); partners include exchanges and financial institutions globally. - **Growth Signals**: - Headcount: 1,628 employees (+10.6% YoY) [linkedin.com](https://www.linkedin.com/company/drw) - Active job postings: 140 (+53.8% YoY) [linkedin.com](https://www.linkedin.com/company/drw) - Operates in 29 countries with a growing presence in crypto and quantitative AI [linkedin.com](https://www.linkedin.com/company/drw) ## Competitive Advantages - **Diversified approach**: Trades across multiple asset classes, time horizons, and geographies – reducing reliance on any single market. - **Low hierarchy & autonomy**: Flat organizational structure encourages fast decision-making and individual ownership. - **Strong technical edge**: In-house development of trading systems, data platforms, and AI/ML capabilities. - **Culture of continuous learning**: Formal training programs, mentorship, and access to industry experts. ## Strategic Focus - Expand algorithmic and quantitative trading strategies, especially in equity options and crypto. - Deepen AI and data engineering capabilities to maintain a competitive edge in market making. - Grow the DRW Foundation’s impact through community investment and sustainability initiatives (Climate Vault). ## Why Work Here - **Culture**: Low ego, high challenge, collaborative environment with a focus on learning and intellectual curiosity. [drw.com](https://www.drw.com/work-at-drw) - **Work model**: Flexible work arrangements; offices in Chicago, London, Toronto, Singapore, Amsterdam, Tel Aviv, and other global hubs. Remote/hybrid policies vary by role. - **Perks**: - Daily catered breakfast and lunch - Yoga classes, meditation, and gym subsidy - Massages, game rooms, and social events - Private mother’s suite - Fully furnished housing for interns - **University hiring**: Comprehensive internship and new grad programs with mentorship, hands-on projects, and technical/quantitative challenges. [drw.com](https://www.drw.com/work-at-drw/graduates) - **Salary**: Intern base salary $52,000/year with discretionary bonus; senior software engineer median ~$165,000/year. [greenhouse.io](https://job-boards.greenhouse.io/drwuniversityjobs/jobs/7612185) [linkedin.com](https://www.linkedin.com/company/drw) ## Sources 1. [LinkedIn Company Profile](https://www.linkedin.com/company/drw) 2. [DRW Work at DRW](https://www.drw.com/work-at-drw) 3. [DRW Graduates Page](https://www.drw.com/work-at-drw/graduates) 4. [Greenhouse Job Application – Community Investment Intern](https://job-boards.greenhouse.io/drwuniversityjobs/jobs/7612185) ## Other roles at DRW - University Jobs - [Software Developer Intern - Industrial Placement](https://feeny.ai/job/software-developer-intern-industrial-placement-drw-university-jobs-london-v7harnaypchd) — London, United Kingdom