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2025 Data Science Summer Internship

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Schonfeld

7d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Research & Development
  • New York
  • Quick Apply

AI generated summary

  • You should have Python/SQL skills, quantitative analysis experience, a passion for finance, attention to detail, a degree in a quantitative field, and knowledge of financial datasets and deep learning.
  • You will optimize data pipelines, collaborate with portfolio managers to extract insights, develop financial expertise, curate datasets, and conduct quantitative analyses and backtesting.

Requirements

  • Knowledge of Python, SQL, or other programming languages
  • Experience with quantitative analysis using statistical and machine learning packages
  • Strong passion for financial markets and data
  • Attention to detail and strong communication skills
  • Degree in a quantitative field such as computer science, data science and financial engineering
  • Experience conducting data research on financial datasets
  • Knowledge of deep learning models
  • Experience with any of the following technologies: Spark, Kafka, Docker, Airflow
  • Knowledge of financial asset classes such as equity, futures, and fixed Income

Responsibilities

  • As a data scientist, you will work closely with the engineering teams to optimize data ingestion pipelines, ensuring high-quality data input.
  • You will also collaborate with portfolio manager teams to extract insights from data and systematically generate features or signals that feed into the alpha generation process.
  • Additionally, you will develop domain expertise across various financial asset classes and datasets, produce curated datasets to standardize research, conduct quantitative analysis to generate ideas and validate hypothesis through backtesting.

FAQs

What is the duration of the internship?

The internship typically lasts for 10 weeks, from June to August.

What programming languages should I be familiar with for this internship?

You should have knowledge of Python, SQL, or other programming languages.

Is experience in financial datasets important for this role?

Yes, experience conducting data research on financial datasets is preferred.

Will I receive mentorship during the internship?

Yes, each intern will have a dedicated mentor and manager to provide guidance throughout the summer.

Are there opportunities for networking during the internship?

Yes, interns will participate in weekly networking events and engage with the firm's Diversity, Equity, and Inclusion Alliance.

Are there any specific technologies or tools recommended for this internship?

Familiarity with technologies such as Spark, Kafka, Docker, and Airflow is beneficial.

What kind of projects will I work on during the internship?

Interns will work on tailored projects that provide real-world experience related to data science and financial analysis.

Is prior knowledge of deep learning models necessary?

While not required, knowledge of deep learning models is a plus for this role.

What educational background is preferred for candidates applying for this internship?

A degree in a quantitative field such as computer science, data science, or financial engineering is required.

What are some of the core strategies that Schonfeld specializes in?

Schonfeld specializes in Quantitative Trading, Fundamental Equity, Tactical Trading, and Discretionary Macro & Fixed Income.

What is the expected base pay for this internship?

The annual base pay is expected to be between $135,000 and $150,000, prorated based on the internship duration.

Finance
Industry
501-1000
Employees
1988
Founded Year

Mission & Purpose

Schonfeld Strategic Advisors is a multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across four trading strategies; quantitative, fundamental equity, tactical trading and discretionary macro & fixed income. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses. Over the last 30 years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics and continue to capitalize on new opportunities. In 2021 we launched our newest strategy, discretionary macro & fixed income as part of the continual growth of Schonfeld’s investible universe. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products.