Summer 2025

Summer 2025 Software Engineering Internship

Posted on 7/7/2024

PDT Partners

PDT Partners

201-500 employees

Quantitative asset management via algorithmic trading

Compensation Overview

$62.50 - $79.33/hr

+ Bonus

New York, NY, USA

Bachelor's, Bachelor's, Master's, Master's

Category
Software Engineering (2)
,
Required Skills
Data Structures & Algorithms
Data Analysis

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Requirements
  • Currently pursuing Bachelor's or Graduate degree in a rigorous Computer Science, Computer Engineering, or other highly-technical field of study
  • Interest in working in a world-class, professional environment
  • Smart, fast-learner, intellectually curious, problem-solving approach
  • Can-do attitude, with sense of urgency
  • Strong verbal and written communication skills
  • Committed to improvement and keen to apply constructive feedback
  • Excellent academic background from a rigorous and challenging computer science program
Responsibilities
  • Work closely with expert developers on technically-challenging projects to design, develop, debug, and test our software components for large handling of financial data, real-time events, and batch processing
  • Work on projects that require client and server-side implementation
  • Face problems that don't have well-defined solutions - creativity is essential to come up with the best possible answers, including ones that explore new technologies
  • Learn about the financial markets, risk metrics, and portfolio management
  • Navigate various trading technologies like FIX messaging and order management systems
  • Construct, maintain, and analyze large-scale data sets
  • Learn to correctly apply new idioms, techniques, and algorithms in the following areas: Program correctness (resource management, exception safety, reentrancy/thread safety), Maintainability (portability, good coding practices, adherence to coding standards, unit testing, documentation), Efficiency (optimal data structures/algorithms, understanding of high-/low- level implications and trade-offs in design choices, parallelization)

PDT Partners uses quantitative models to identify market inefficiencies and predict price moves, delivering algorithmic trading strategies for institutional clients. Its models analyze vast market data to detect patterns, then execute trades automatically with precision. It differentiates itself through a long history in quantitative investing since the 1990s, a culture of empirical validation, scientific research, and a collaborative environment that rigorously tests ideas before deployment. The goal is to generate investment returns for clients by systematically exploiting market inefficiencies with disciplined, data-driven trading.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1993

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Simplify Jobs

Simplify's Take

What believers are saying

  • PDT posted 13 openings on July 29, 2026, signaling active hiring.
  • The careers page updated July 17, 2026, lists research, engineering, and operations roles.
  • Recent 2026 filings show active trading, including a new short position in Teleperformance.

What critics are saying

  • PDT’s secrecy blocks brand-building, making recruiting harder against Citadel, Jane Street, and D.E. Shaw.
  • No public litigation or layoffs surfaced, but one bad year can trigger bonus compression.
  • Peter Muller concentration risk is existential; founder departure would destabilize PDT’s research culture.

What makes PDT Partners unique

  • Peter Muller still leads PDT; founder control preserves research continuity since 1993.
  • PDT runs a small, collaborative quant platform with about 250 employees.
  • The firm hires PhD researchers and engineers for live automated trading models.

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Benefits

Full medical, dental, vision, disability, and life insurance coverage

Wellness perks and programs

Generous time off and unlimited sick leave

Match charitable giving

Subsidize fitness and exercise

Emergency back-up child and elder care

401k matching and pre-tax benefits

Company News

Bloomberg
Dec 4th, 2025
The Hedge Fund That Hides Secrets on the Office Walls

The hedge fund that hides secrets on the office walls. Founder Pete Muller has a passion for puzzles, so he turned the company's headquarters into a cryptic challenge. When quantitative hedge fund PDT Partners moved into its new headquarters in New York City after the pandemic, Chief Executive Officer Pete Muller wanted to entice employees back into the office. So he designed a puzzle. "I wanted to give them a reason to look around," he says. About 80 artworks are displayed around the three-floor office in Columbus Circle, five of which contain cryptic clues to a phrase. (Gotham Immersive Laboratories helped with the puzzle designs.) Shortly after the challenge was announced at a companywide meeting, Winnie Yang, an engineer, teamed up with a colleague to locate and photograph all the artworks.

ETFDailyNews.com
Sep 21st, 2025
NorthCrest Asset Manangement LLC Sells 713 Shares of Target Corporation $TGT

Finally, PDT Partners LLC purchased a new stake in Target in the 1st quarter worth approximately $4,623,000.

ETFDailyNews.com
May 26th, 2025
International Money Express, Inc. (NASDAQ:IMXI) Receives $20.50 Consensus Price Target from Brokerages

PDT Partners LLC purchased a new stake in International Money Express in the 1st quarter worth about $464,000.

ETFDailyNews.com
Mar 29th, 2025
Intech Investment Management LLC Boosts Stock Position in 2seventy bio, Inc. (NASDAQ:TSVT)

PDT Partners LLC purchased a new stake in 2seventy bio in the 3rd quarter valued at about $244,000.

MarketBeat
Mar 12th, 2025
975,156 Shares in Sleep Number Co. (NASDAQ:SNBR) Bought by Wealthfront Advisers LLC

PDT Partners LLC acquired a new stake in Sleep Number in the 3rd quarter valued at about $241,000.

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