Opportunities · Research opportunity · Winter 2027

Quantitative Development Intern - Winter 2027

Milliman

Aggregator listing

Apply with Birdee.

Get started Sign in

Pay: about $41-$124/hr
When: Winter 2027
Where: Chicago, IL

Before you apply

Graduation: Graduate Quantitative Researcher (2027 Incoming Graduate, Full-Time)

What you'll do

Designing models of exotic derivatives appropriate for pricing exercises, setting hedge positions, and projecting hedge strategy performance
Implementing derivative models as VBA, C++, and C# modules
Developing both risk neutral and real-world economic scenarios used for hedge strategy testing purposes
Developing trading strategies and performing historical regression tests
Research Engineer (Options)

What they want

Required

Begun and made successful progress toward an advanced quantitative academic degree, preferably in math, physics, or quantitative finance
Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories
Experience with stochastic modeling exercises including use of Monte Carlo techniques
Demonstrated proficiency in computer programming languages including C++, Matlab, and Excel VBA, and has an appreciation of object-oriented software design
Demonstrated strong communication skills, capacity for leadership, and creative problem solving
The ability to work independently and in a team environment

Nice to have

Additionally Desired Qualifications Include

Pay and perks

The salary range for this role is $21 - $43 per hour depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

About Milliman

Join to apply for the Quantitative Development Intern - Winter 2027 role at Milliman

See who Milliman has hired for this role

Full posting

Quantitative Development Intern - Winter 2027

Milliman

Chicago, IL

Apply

Join or sign in to find your next job

Join to apply for the Quantitative Development Intern - Winter 2027 role at Milliman

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

Quantitative Development Intern - Winter 2027

Milliman

Chicago, IL

1 day ago

30 applicants

See who Milliman has hired for this role

Apply

Join or sign in to find your next job

Join to apply for the Quantitative Development Intern - Winter 2027 role at Milliman

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

Save

Join or sign in to save this job

Join to save Quantitative Development Intern - Winter 2027 at Milliman

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

Report this job

Use AI to assess how you fit

Get AI-powered advice on this job and more exclusive features.

Am I a good fit for this job?

Tailor my resume

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

The Department/Team

The Quantitative Development group, within Milliman’s Financial Risk Management Practice, focuses on capital markets modeling, market-consistent valuation of assets and liabilities, quantitative risk analytics, and simulation analysis of risk management strategies.  Systems developed by this group support trading functions within active hedge programs and also serve as calculation engines for stochastic-on-stochastic financial projections of hedge strategy performance.

Your Role/What You’ll Do

The candidate would potentially be involved in the following types of projects:

Designing models of exotic derivatives appropriate for pricing exercises, setting hedge positions, and projecting hedge strategy performance
Implementing derivative models as VBA, C++, and C# modules
Developing both risk neutral and real-world economic scenarios used for hedge strategy testing purposes
Calibration of capital markets models to market prices and historical capital markets data
Developing trading strategies and performing historical regression tests

Your Qualifications

The ideal candidate will have

Begun and made successful progress toward an advanced quantitative academic degree, preferably in math, physics, or quantitative finance
Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories
Experience with stochastic modeling exercises including use of Monte Carlo techniques
Demonstrated proficiency in computer programming languages including C++, Matlab, and Excel VBA, and has an appreciation of object-oriented software design

Additionally Desired Qualifications Include

Demonstrated strong communication skills, capacity for leadership, and creative problem solving
The ability to work independently and in a team environment
A results-oriented work ethic

Location

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

Compensation

The salary range for this role is $21 - $43 per hour depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

We offer competitive benefits which include the following based on plan eligibility:

Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
Transportation – Pre-tax savings for eligible transit and parking expenses.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Show less

Seniority level

Internship

Employment type

Full-time

Industries

Business Consulting and Services

Referrals increase your chances of interviewing at Milliman by 2x

See who you know

Get notified when a new job is posted.

Set alert

New to LinkedIn? Join now

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

Similar jobs

Junior Quantitative Developer & Strategist

Akuna Capital

Chicago, IL

2 months ago

Quantitative Developer

SpiderRock

Chicago, IL

$140,000.00

$190,000.00

2 days ago

Quantitative Developer

Point72

Chicago, IL

1 year ago

Quantitative Developer - Python

IMC Trading

Chicago, IL

1 day ago

Quantitative Developer - Trading Technology

Acquire Me

Chicago, IL

$200,000.00

$350,000.00

3 weeks ago

Quantitative Developer

Aleto

Chicago, IL

2 days ago

Quant Strategist

Akuna Capital

Chicago, IL

1 day ago

Quantitative Analyst

Eclipse Trading

Chicago, IL

1 year ago

Junior Algorithmic Trader

TransMarket Group

Chicago, IL

2 months ago

Research Engineer (Options)

Drw

Chicago, IL

1 week ago

Quantitative Developer

Kernel Trading Technologies

Chicago, IL

1 month ago

Quantitative Researcher

Edgehog Trading

Chicago, IL

3 months ago

Quantitative Researcher – HFT, Early Career (Futures & Equities)

Fionics

Chicago, IL

6 days ago

Morningstar Development Program - Quant Track (Jan 2027)

Morningstar

Chicago, IL

1 day ago

Junior Options Software Developer

Unlok

Chicago, IL

1 week ago

ETF Quantitative Developer

Invesco

Downers Grove, IL

2 weeks ago

Entry-Level Quantitative Researcher

Point72

Chicago, IL

1 month ago

Quant Developer - Research Engineering

Chicago Trading Company

Chicago, IL

2 weeks ago

Graduate Quantitative Researcher (BS/MS)

IMC Trading

Chicago, IL

1 week ago

Quantitative Trading Analyst

Wolverine Trading

Chicago, IL

1 week ago

Junior Quantitative Trader

DV Trading LLC

Chicago, IL

5 days ago

Quantitative Researcher, Early Career

Aquatic Capital Management

Greater Chicago Area

2 weeks ago

Quantitative Trader - Entry Level 2027

Belvedere Trading, LLC

Chicago, IL

2 weeks ago

Graduate Quantitative Researcher (2027 Incoming Graduate, Full-Time)

3Red Partners

Chicago, IL

3 days ago

Quantitative Strategist - All Asset Classes

Quadeye

Greater Chicago Area

5 days ago

Graduate Quantitative Trader

Edgehog Trading

Chicago, IL

1 month ago

Quant Trading Associate - 2027 Start

Chicago Trading Company

Chicago, IL

2 months ago

Show more jobs like this

Show fewer jobs like this

Dates for this one

Only the dates this listing publishes. Anything it leaves out is left out here too.

Posted

Oct 7, 2026

The employer's own record

Usually listed

Checking opening history…

Filed pay record

Checking public pay records…

Verified by UTern

Last read 3 hours ago · pay stated in the listing

Quantitative Development Intern - Winter 2027

Before you apply

What you'll do

What they want

Pay and perks

The Department/Team

Your Role/What You’ll Do

The ideal candidate will have

Location

Compensation

Benefits

Equal Opportunity

Business Consulting and Services

Drw

Associate, Quantitative Developer

Dates for this one