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2025 Quantitative Modeling Summer Intern

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U.S. Bank

8d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Charlotte

AI generated summary

  • You must pursue a quantitative Master’s/PhD, understand modeling techniques, program in C++/Python/R, and possess strong analytical, communication, and organizational skills.
  • You will collaborate with model owners, create and validate models, document processes, and engage in training and social events to build community and develop skills.

Requirements

  • Basic qualifications:
  • Pursuing a Master’s or PhD degree in Statistics, Mathematics, Physics, Engineering, Financial Engineering/Mathematics, Economics, or other highly quantitative degrees with a target graduation date of December 2025 or May 2026
  • Basic understanding of modeling and validation techniques in varying functions
  • Ability to start internship program June 9, 2025
  • Preferred qualifications:
  • Strong written and verbal communication skills
  • Ability to think and work independently within a professional setting
  • Strong analytical, problem solving and critical thinking skills
  • Highly organized and motivated; ability to manage and prioritize multiple tasks and deadlines simultaneously
  • Strong Programming skills such as C++, Python, R etc.
  • Data compilation, programming skills and qualitative analysis skills
  • Statistical modeling background based on technical training or advanced education in a quantitative field such as Derivatives Pricing, Probability, Stochastic Calculus, Regressions, Machine learning etc.
  • Knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies

Responsibilities

  • Regularly work with model owners and monitoring existing models
  • Get hands-on experience working on creating, validating, testing, and documenting models that impact the business
  • Develop technical and business acumen through training, mentorship, and exposure to senior executives
  • Build a supportive community of peers through a variety of cohort strengthening activities such as social events, volunteer days, and development workshops

FAQs

What is the duration of the Quantitative Modeling Summer Internship?

The internship lasts for 10 weeks.

What qualifications are required to apply for this internship?

Applicants must be pursuing a Master’s or PhD degree in Statistics, Mathematics, Physics, Engineering, Financial Engineering/Mathematics, Economics, or other highly quantitative degrees, with a target graduation date of December 2025 or May 2026.

What programming skills are preferred for this position?

Preferred programming skills include C++, Python, R, and other related programming languages.

Is this internship paid?

Yes, it is a paid internship.

When is the expected start date for the internship?

The internship program is expected to start on June 9, 2025.

Will interns receive mentorship during the internship?

Yes, interns will receive mentorship and guidance throughout the internship.

Are there networking opportunities available during the internship?

Yes, there are networking opportunities with senior leadership, U.S. Bank team members, and other interns.

What kind of work will interns be doing?

Interns will be involved in creating, validating, testing, and documenting models that impact the business, as well as monitoring existing models.

What is the work schedule for this internship?

Interns work approximately 40 hours each week during the internship.

Is there a pathway to full-time employment after the internship?

Yes, there is a potential pathway to a full-time offer upon graduation into a rotational program.

Can applicants with a criminal record apply for this position?

Yes, U.S. Bank will consider qualified applicants with arrest or conviction records for employment.

Are there specific benefits associated with this internship?

Yes, the internship offers meaningful hands-on work, networking opportunities, and the potential for a full-time offer after graduation, among other benefits.

How does U.S. Bank approach diversity in hiring?

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce and considers all qualified applicants regardless of various factors including race, gender, and disability status.

What is the compensation range for this internship?

The pay range for this internship is $28.27 - $37.69 - $41.46, depending on the location and other factors.

Finance
Industry
10,001+
Employees
1863
Founded Year

Mission & Purpose

U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with digital tools that allow customers to bank when, where and how they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial, corporate, and investment customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP A List for climate change action.

Benefits

  • You choose how to save and invest through before-tax and/or Roth after-tax contributions and a variety of investment options. You’re immediately vested and receive a 100% company match up to 4% of eligible pay after a year of service.

  • Premier support – Experience an elevated level of personalized and unified support when you have questions or concerns or when you need expert support related to your UnitedHealthcare/Optum medical, prescription, mental and behavioral health, and Health Savings Account benefits. Y

  • An HSA provides a tax-advantaged means for you to save and pay for qualified healthcare expenses, including doctor and dentist visits, prescriptions, glasses, contact lenses and more. Enroll in a U.S. Bank HSA Advantage medical plan to contribute and to receive up to $750 (if you cover yourself) or up to $1,500 (if you cover one or more family members) annually from U.S. Bank.