Summer Intern 2027 - Quantitative Researcher, PhD
About the job
- Must be working towards a PhD in computer science, mathematics, physics, statistics, economics, or another qualifying field
- Exceptional at math and with other quantitative skills
- Has a hunger to work on some of the most complex mathematical problems we find
- Must enjoy problem solving as this is at the forefront of the role
- Enjoys initiating/acting on a thought or idea as soon as it comes to mind
- Proven track record of success within candidates field of specialty
- Excited to work as a team, but also comfortable testing ideas independently
- Must have basic programming experience through internships or academia
- Meticulous and detail-oriented
- Eager to learn
- Interns will work closely with the research team on development projects.
- You will have a mentor fully dedicated to you during the internship.
- The program includes immersion in hands-on projects, classroom instruction, and in-house built strategy games.
- You will take part in a series of talks to introduce you to key trading concepts.
- The program offers activities such as strategic game nights, nights out in NY, dinners, and so much more.
About the company
Five Rings Capital trades financial instruments in domestic and international markets using quantitative research and technology to identify profitable opportunities. It operates across widely traded products and less familiar markets, bringing researchers, traders, and developers together to build and refine its strategies. Its software connects to exchanges, turns mathematical models into executable code, and gives traders tools to act on market information. The firm trades its own capital and earns returns from these positions rather than managing money for clients or outside investors. Five Rings Capital was founded in 2009 and is headquartered in New York City, United States.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
2009
Get referred to Five Rings Capital
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Simplify's Take
What believers are saying
- Oil submissions gain a channel: Platts accepted Five Rings for European crude derivative assessments in August 2026.
- Trader base pay is substantial: Five Rings lists $300,000 annually for New York graduate traders.
- Research interns receive focused coaching: Five Rings assigns each New York PhD intern a fully dedicated mentor.
What critics are saying
- Trader bonuses are uncertain: Five Rings' New York graduate package makes compensation above base salary discretionary.
- Research demands context switching: Five Rings describes alternating live-market model adjustments with weeks of dataset analysis.
- The PhD internship requires doctoral study: Five Rings' New York program accepts candidates pursuing a qualifying PhD.
What makes Five Rings Capital unique
- Researchers inspect detailed market orders: Five Rings uses BMLL's full-depth datasets and Python research sandbox.
- Intern models run in production: Five Rings describes implementing one research intern's models.
- Trader training simulates markets: Five Rings' nine-week New York internship includes custom strategy games and mock trading.
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Benefits
- Performance Bonus