As a Summer Associate in the Quantitative Trading & Research Markets team at JPMorganChase, you will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, and portfolio optimization.
You will work closely with traders, sales, marketing, technologists, and risk managers across products and regions. You will support research and strategy deployment, client and sales engagement, product innovation, valuation and risk management, and inventory and portfolio optimization, including electronic trading and market-making activities. You will help build quantitative models, methodologies, and infrastructure to price, hedge, and trade financial products, advancing algorithmic trading and data-driven strategies such as statistical arbitrage.
ABOUT THE PROGRAM
Our Global Markets teams develop sophisticated solutions to help clients manage risk, increase returns and solve complex financial problems. We hold leadership positions across all major financial markets worldwide. This means you'll be part of a dynamic team, helping to solve a wide range of interesting business issues and will be challenged in your work every day.
Expert instructors and J.P. Morgan professionals will teach you about our history, scale, and scope of our organization today and our ambitious plans for tomorrow. We’ll teach you technical and practical skills that will help you hit the ground running.
The program is an opportunity to take your career to the next level through hands-on experience, relevant skills training and valuable professional networking. Based on your individual achievements, those who successfully complete the program may receive offers of full-time employment.
Job Responsibilities
Develop and maintain mathematical models and cutting-edge algorithms, methodologies, and supporting infrastructure.
Value and hedge financial transactions across a range of products, from flow products to complex derivative deals.
Support quantitative modeling and research that inform trading strategies and decision-making.
Collaborate with trading teams to translate research insights into practical market applications.
Partner with quantitative researchers, technologists, traders, marketing, and risk managers across teams.
Conduct alpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
Manage risk in existing portfolios.
REQUIRED QUALIFICATIONS, CAPABILITIES AND SKILLS
Enrolled in a PhD program in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning).
Graduating between December 2027 and August 2028.
Demonstrates computer programming experience (e.g., Python, C++, or another programming language).
Demonstrates analytical, quantitative, and problem-solving skills.
Demonstrates research skills (through coursework, projects, or academic work).
Works effectively in a dynamic, collaborative environment.
Presents findings clearly to non-technical audiences through written and verbal communication.
Attends a college or university in the United States.
Preferred qualifications, capabilities, and skills
Demonstrates knowledge of options pricing theory or trading algorithms, or a demonstrated interest in finance through coursework or prior experience.
Shows confidence and initiative to take ownership and manage projects independently.
Applies knowledge of machine learning and data science concepts, techniques, and tools.
Possesses advanced proficiency in any programming language.
Locations you may join:
- New York Metro
ABOUT US
At JPMorganChase, we’re creating positive change for the diverse communities we serve. We do this by championing your innovative ideas through a supportive culture that helps you every step of the way as you build your career. If you’re passionate, curious and ready to make an impact, we’re looking for you.
About You
A strong interest in global financial markets is essential, as are analytical and quantitative skills, flexibility, teamwork, excellent attention to detail, and the ability to handle pressure and enjoy a collaborative environment. A strong focus on science or engineering in your undergraduate studies is important.
Beyond that, what we’re most interested in are the things that make you, you: the personal qualities, outside interests, and achievements beyond academia that demonstrate the kind of person you are and the perspective you could bring to the team.
What’s Next?
Help us learn about you by submitting a complete and thoughtful application, which includes your resume. Your application and resume is a way for us to initially get to know you, so it’s important to complete all relevant application questions so we have as much information about you as possible. To start the application, you will be prompted to enter your email address. Your email address will be used to create and maintain your profile so make sure it is one you will have long term access to. Do not use an email address with “.edu” extension as doing so could result in delays receiving updates regarding your candidacy.
If you are advanced to the next step of the process, you’ll receive another email invitation to complete a coding challenge through Hackerrank, followed by a self-recorded video assessment via HireVue.
Both assessments are required, and your application will not be considered for further review until you have completed both of them. We strongly encourage that you apply and complete these required elements as soon as possible, since programs will close as positions are filled.
JPMorganChase is committed to creating an inclusive work environment that respects all people for their unique skills, backgrounds and professional experiences. We will provide reasonable accommodations for applicants with disabilities.
Visit jpmorganchase.com/careers for upcoming events, career advice, our locations and more.
©2025 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran
About UsWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- Enrolled in a PhD program in mathematics, statistics, physics, engineering, computer science, data science, or machine learning
- Graduating between December 2027 and August 2028
- Demonstrates computer programming experience (e.g., Python, C++, or another programming language)
- Demonstrates analytical, quantitative, and problem-solving skills
- Demonstrates research skills through coursework, projects, or academic work
- Works effectively in a dynamic, collaborative environment
- Presents findings clearly to non-technical audiences through written and verbal communication
- Attends a college or university in the United States
- Knowledge of options pricing theory or trading algorithms, or demonstrated interest in finance
- Applies knowledge of machine learning and data science concepts, techniques, and tools
- Possesses advanced proficiency in any programming language
- Shows confidence and initiative to take ownership and manage projects independently
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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