4.4

Internships

We’re looking for exceptional students from all backgrounds to join our internship program.

As an intern, you’ll focus on some of the most challenging and interesting problems in finance and technology, while learning from experienced managers, tailored educational programming, and distinguished guest speakers. You’ll also share in community-building social events with fellow interns and employees.
  • 3 videos

    Our Internships and Interview Process:

4.4.1

Find Your Internship

I am a student

interested in

at your

offices.


4 of Internships

No internships available for your search, please try something else.

Please visit our D. E. Shaw India website for internships in India.

Please visit our D. E. Shaw India website for internships in India.

Challenging

Real-World Problems

10-12

Weeks in Length

(Really)

Competitive Pay

Housing

Support

4.4.2

Is this Internship for Me? (Yes!)

We encourage undergraduate and graduate students from all academic disciplines, schools, and class years to apply, though most of our interns join us the summer before they graduate.

If you haven’t previously considered finance as a career, that’s great! Though it’s also great if you have. We’re more interested in your judgement, ability to learn, and drive than any particular skill or experience; no test scores or prior exposure to finance are required. If you thrive in a principled, collaborative, and intellectually curious environment, you should feel at home with us.

4.4.6

Application Details

Most of our interns work in our New York City headquarters, but we also have openings in London, Hong Kong, Shanghai, and Singapore (when you apply, you can state your office interest). We provide housing support to interns. Summer internships typically run from June to August.

We consider applications on a rolling basis to accommodate a range of recruiting timelines and student obligations. That said, as we typically complete the selection of our intern class early in the first quarter of the internship year, we recommend applying for 2025 internships by year-end 2024.

Please contact us if you have any questions.

4.4.3

The Work: Our Teams

We’re hiring interns to join groups that span the breadth of our firm:

  • Interns work in the Office of the Chief Operating Officer (COO), Corporate Development, Human Capital, Investor Relations, Legal & Compliance, Risk, Treasury, and other groups. These groups help the firm evaluate complex business questions: e.g., how market volatility impacts profitability, how to expand a strategy in a new geography, how competitor returns covary with market factors, how to assess different indicators of talent, how to gauge investor demand elasticity, how to understand the impact of proposed regulation, how different risk measures behave in a financial crisis, how to optimize financing for our funds, and many others.

  • Interns work in Asset-Backed, Corporate Credit, Discretionary Macro, Energy, Fundamental Equities, Renewable Energy, and other discretionary strategies. These strategies benefit from a highly rigorous and process-driven approach, while relying primarily on human analysis to discover, diligence, and pursue attractive investment opportunities.

  • Interns work in Equities, Futures, and other systematic strategies. These strategies deploy quantitative and computational techniques, in combination with a sophisticated technology platform, that have been developed over the life of our firm. Systematic teams develop new tools for the analysis of financial instruments; form, test, and validate hypotheses to try to identify persistent market inefficiencies; and design and implement other investment process innovations.

  • Interns work in Client Application Engineering, Information Security, Program Management, Quant Systems, and Web Engineering. Systems administrators manage, support, and automate enterprise technology including our storage and clustered computing solutions. Systems technologists design and develop our global technology infrastructure including application engineering, database infrastructure, and web development.

4.4.5

Enrichment

In addition to having access to the wide range of resources available to full-time employees such as our employee affinity groups, you’ll take part in an extensive intern development program, including training, speakers, and planned (virtual) social activities.

Below are some of our recent speakers:

  • Sir Angus Deaton, recipient of the Nobel Prize in Economic Sciences and Professor of Economics and International Affairs, Emeritus at Princeton University, on “The Great Escape: Health, Wealth, and the Origins of Inequality”
  • Quanquan Gu, an assistant professor of computer science at UCLA, on researching epidemic models guided by machine learning for COVID-19 forecasts
  • César Hidalgo, chair of the Artificial and Natural Intelligence Institute at the University of Toulouse and former director of MIT’s Collective Learning group, on global economic inequality
  • Gabby Rivera, author of the Marvel comic book America, on the link between diversity and creativity


You’ll also get to explore the world beyond our offices through private museum tours, food outings, and firm-sponsored music and film festivals.

4.4.4

The Work: Real Projects

As an intern, you’ll work individually and in teams to tackle complex projects that directly influence the firm’s business decisions.

Below are some examples of past intern projects:

  • Developing and presenting a recommendation on an information-security hardware company; performing thematic research on work-from-home trends (Fundamental Research Analyst Intern)
  • Reviewing macro-level conditions in an emerging market country and understanding the drivers of its currency; exploring the impact of electric vehicles and battery technologies on global power markets (Proprietary Trader Intern)
  • Analyzing social media data pertaining to public securities using machine learning and natural language processing techniques (Quantitative Analyst Intern)
  • Optimizing and automating large-scale infrastructure operations; enhancing our security information and event management systems (Systems Technologist Intern)
  • Evaluating the costs and benefits of opening an office in another country; exploring the regulatory status of cryptocurrency (Generalist Intern)
4.4.6

Application Details

Most of our interns work in our New York City headquarters, but we also have openings in London, Hong Kong, Shanghai, and Singapore (when you apply, you can state your office interest). We provide housing support to interns. Summer internships typically run from June to August.

We consider applications on a rolling basis to accommodate a range of recruiting timelines and student obligations. That said, as we typically complete the selection of our intern class early in the first quarter of the internship year, we recommend applying for 2025 internships by year-end 2024.

Please contact us if you have any questions.