2025 quant interns are earning $5k per week at Citadel, D.E. Shaw and Point72
Hedge funds are beginning to post job listings for their 2025 summer intern cohort, and the top paying roles are for quants. There are multiple hedge funds paying upwards of $20k per month to top interns in salary alone, but who pays the most?
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We've compiled a list of quant summer internships at many of the top hedge funds where salary ranges are available. If you're looking to earn a salary of over $5k per week, there are four hedge funds you ought to know about.
You may not recognize the name atop this list, but KEPL is an elite team within Point72's systematic trading arm, Cubist Systematic Strategies. We've reported on their internships previously here, and while they don't reflect average pay at Point72 at large, they're worth noting regarding how much you can earn. The hedge fund only has summer intern openings for investment analysts at the moment, but levels.fyi figures suggest Point72's quant interns receive closer to $3k per month on average.
You might want to be quick about applying for the top paying internships. Citadel and D.E. Shaw have been taking applications since August, and Bridgewater Associates has already stopped taking applications for its summer internships.
Of course, salary is only one aspect of compensation; D.E. Shaw is the only one that breaks down its full compensation structure. The fund's PhD quant interns get a sign-on bonus of $20k, while undergraduates get $15k. Both interns also receive $3.3k for "self study materials," $4k for "personal technology equipment," and $10k for housing (or free accommodation organized by the fund). Hedge fund sign-on bonuses on Levels.fyi have been seen reaching up to $30k.
Think you've got what it takes to get an internship at any of these funds? Make sure you check out our guides for quant jobs and hedge fund jobs, as well as our specific guides for Citadel and Millennium.
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