2027 Quantitative Modeling Summer Intern
About The Position
Quantitative Modeling is a dynamic and thriving field that solves real-world problems through quantitative research, development, and validation. Our 10-week paid internship will provide you with foundational experience and skill development through a mix of on-the-job training, practical experience, mentorship, a community of peers and advisors, and a pathway to our full-time Quantitative Modeling Development Program upon graduation. As a Quantitative Modeling Intern, you’ll: Work regularly with model development teams in researching and vetting quantitative methodologies. 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.
Requirements
- 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 2027 or Spring 2028.
- Basic understanding of modeling and validation techniques in varying disciplines
- Ability to start the 10-week internship program on June 7, 2027.
Nice To Haves
- 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, Econometrics, Machine Learning, etc.
- Knowledge of various regression techniques, parametric and non-parametric algorithms, times series analysis or other statistical approaches, various model validation tests/methodologies
Responsibilities
- Work regularly with model development teams in researching and vetting quantitative methodologies
- 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
Benefits
- Meaningful, hands-on work that impacts the business
- Networking opportunities with senior leadership, U.S. Bank team members, and interns
- Potential for a fulltime offer upon graduation into a rotational program
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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What This Job Offers
Job Type
Full-time
Career Level
Intern
