2025 quant interns are earning $5k per week at Citadel, D.E. Shaw and Point72
Hedge funds are beginning to post job listings for their 2025 summer intern cohort, and the top paying roles are for quants. Citadel are the most recent to post theirs, and pay salaries of up to $5,750 per week... But they're not the top payers overall.
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We've compiled a list of quant summer internships at many of the top hedge funds, where salary ranges are posted in line with New York pay transparency laws. If you're looking to earn a salary of over $5k per week, there are three hedge funds you ought to know about.
You may not recognize the name atop this list, but KEPL is an elite team within Point72's systematic trading arm, Cubist Systematic Strategies. We've reported on their internships previously here, and while they don't reflect average pay at Point72 at large, they're worth noting regarding how much you can earn. The hedge fund only has summer intern openings for investment analysts at the moment, but levels.fyi figures suggest Point72's quant interns receive closer to $3k per month on average.
If you'd prefer a top paying internship outside of New York, there's Citadel. Undergraduate or masters students can earn up to $5.3k, and PhD candidates can earn up to $5.75k, but they also have the luxury of working with a view of the beach in Citadel's new Miami headquarters.
Of course, salary is only one aspect of compensation, and the other top payer, D.E. Shaw, breaks down their compensation structure with a lot more transparency than the rest of the pack. The fund's PhD quant interns get a sign-on bonus of $20k, while undergraduates get $15k. Both interns also receive $3.3k for "self study materials," $4k for "personal technology equipment," and $10k for housing (or free accommodation organized by the fund).
Think you've got what it takes to get an internship at any of these funds? Make sure you check out our guides for quant jobs and hedge fund jobs, as well as our specific guides for Citadel and Millennium.
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