Pay
Lower than most similar jobs
$100K–$110K against $118K–$194K, the middle half of what similar US postings state.
From 3,819 postings in the last year. Stated ranges, not salaries paid.
New York, New York, United States
Live, first seen by us 66 days agoAt Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls. The annual base pay for this role is expected to be between $100,000 and $110,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.Read the full posting
Job title: 2027 Data Science Intern
Optimize data ingestion pipelines with engineering teams
Produce curated datasets to standardize research
Generate features or signals for the alpha generation process
Run quantitative analysis and validate hypotheses through backtesting
work closely with the engineering teams to optimize data ingestion pipelines
produce curated datasets to standardize research
systematically generate features or signals that feed into the alpha generation process
conduct quantitative analysis to generate ideas and validate hypothesis through backtesting
Knowledge of Python, SQL, or other programming languages
Proficiency with statistical and machine learning packages for quantitative analysis
Experience researching and analyzing financial datasets
Degree in quantitative field such as computer science, data science or financial engineering
Attention to detail and strong communication skills
As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact.
In the employer’s words · Read in context
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Lower than most similar jobs
$100K–$110K against $118K–$194K, the middle half of what similar US postings state.
From 3,819 postings in the last year. Stated ranges, not salaries paid.
Day 66
Up longer than most. Similar jobs usually come down between day 7 and day 57.
At Schonfeld, jobs usually come down by about day 61.
From 10,789 similar postings that came down, and 6 of Schonfeld’s. Coming down is not always a hire.
5 open jobs
Open jobs by the week we first saw them, last 12 weeks.
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What you need: - Knowledge of Python, SQL, or other programming languages - Proficiency with statistical and machine learning packages for quantitative analysis
- Familiarity with AI tools to accelerate work, with a focus on adding analysis and insight - Experience with any of the following technologies: Spark, Kafka, Docker, Airflow - Knowledge of financial asset classes such as equity, futures, and fixed Income
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New Data Scientist postings at the employers we follow are down 5% over the last 6 weeks compared with the 6 before.
Each bar is one week of new postings. The darkest bars are the last 6 weeks.
Counted from the hiring pages we’ve followed for at least five weeks, so employers we add don’t look like growth. Updated weekly.
We file this job under Data Scientist, by the work the posting describes.
Data scientists use statistics and models to answer harder questions, such as whether a change worked, what demand will look like next quarter, or which customers are likely to leave.
Postings usually ask for Python or R, SQL, statistics, experiment design and common machine learning methods.
Unlike an ML engineer, a data scientist's main output is often an analysis or a first model, not software running inside a product.
Source: US Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025) and Employment Projections (2025 to 2035). Occupation code 15-2051.
The Role
We are excited to offer an internship opportunity for a talented student to join the data science team at Schonfeld. The data science team is responsible for creating Schonfeld's proprietary curated and feature datasets, conducting data analytics and research, and ultimately add value to various investment strategies.
What You’ll Do
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. The ideal candidate will possess both a passion for data science disciplines and a strong interest in financial markets.
What You’ll Bring
What you need:
We’d love if you had:
Our Internship
Kick-start your career in finance with the Schonfeld Summer Internship! Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you’ll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who’ll guide your development over the course of the internship and beyond. Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands-on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We’ll empower you to bring your ideas to life and make an impact.
Who We Are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The annual base pay for this role is expected to be between $100,000 and $110,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.
Selected passages from the saved posting. Check the full description for conditions and exceptions.
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls. The annual base pay for this role is expected to be between $100,000 and $110,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.
New York, New York, United States
Working pattern and location restrictions need checking in the full posting.
No clear work-authorization passage found. Eligibility is unconfirmed.