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

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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 talent, curiosity, and analytical thinking than in any particular skill or experience, and we’re excited to see how you’ve demonstrated initiative and what you’ve achieved. 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. Others work in Denver, 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

Our business units fall into the following broad areas:

  • Our business operations groups address key questions related to talent assessment and development, capital usage and investment returns, regulatory and legal changes, market and economic risks, and many other areas that affect our firm. Employees in these groups engage in wide-ranging, collaborative endeavors using the rigorous analysis and project management skills they’ve developed while at the firm and elsewhere.

  • Our discretionary investment strategies rely primarily on human analysis to discover, analyze, and pursue attractive investment opportunities that span public and private markets around the globe. Traders and research analysts drive investment decision-making, and they integrate a number of technological tools and analytical techniques into their approach.

  • Since 2005, we’ve invested in more than 70 renewable energy projects. Today, D. E. Shaw Renewable Investments (“DESRI”) is a leading developer, owner, and operator of renewable energy projects across the United States. Members of the DESRI team build and evaluate financial models for prospective investments, research new areas of the renewable energy market, and work with DESRI’s in-house legal team on M&A and project finance transactions.

  • Our strategy and business development groups evaluate complex questions that influence our long-term direction, including ones related to marketplace dynamics, product design and marketing strategy, analysis of firm profitability, and opportunities for strategic expansion. Members of these groups take on projects that require rigorous analytical thinking and creative problem solving, such as investigating which markets our investment strategies should target for expansion, evaluating whether and where to open a new office, researching prospective new investors for our funds, or developing a plan for launching a new fund.

  • Our systematic investment strategies run on quantitative and computational techniques that we’ve developed over more than 35 years of research and trading. We believe that rigorous analysis and scientific research, supported by robust data and technological infrastructure, is the bedrock of successful systematic investing. Members of our systematic investing teams conduct research on innovative systematic forecasting, risk management, and portfolio construction techniques that form the basis of our process.

  • Our systems teams oversee and support our enterprise-level technology and network infrastructure, including the storage and clustered computing solutions used across the firm. Members of these teams design and develop technology that supports initiatives related to core systems, application engineering, platform engineering, database infrastructure, productivity and collaboration, web development, and information security.

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 social activities.

Guest speakers have included:

  • 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 events such as 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 (Fundamental Research Analyst Intern)
  • Comparing methods for detecting changes in risk environments and notable shifts in market dynamics (Generalist Intern)
  • Reviewing macro-level conditions in an emerging market country and understanding the drivers of its currency (Proprietary Trader Intern)
  • Developing a new risk factor based on social media sentiment scoring using natural language processing techniques (Quantitative Analyst Intern)
  • Writing a parallel hyperparameter optimization library that reduces the execution time of simulations while maintaining their quality (Software Developer Intern)
  • Exploring how the firm might extend its private credit franchise in the Asia-Pacific region (Strategy and Business Development Intern)
  • Enhancing the firm’s authorization system with an event-driven approach to updates (Systems: Engineering Intern)
4.4.6

Application Details

Most of our interns work in our New York City headquarters. Others work in Denver, 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.