When do D. E. Shaw internship applications open?

Postings for the next summer have appeared in late summer and fall, and applications are reviewed on a rolling basis. The firm says selection is finished by early in the first quarter of the internship year and recommends applying by the end of the prior calendar year.

What internships does D. E. Shaw offer?

Recent postings include Quantitative Analyst, Software Developer, Proprietary Trading, Fundamental Research Analyst, and Systems Engineering internships, most in New York, plus investor relations and strategy roles in New York and London. Internships run 10 to 12 weeks from early June to mid-August.

Do I need finance experience to intern at D. E. Shaw?

No. The firm says it recruits students from all academic disciplines and does not require prior finance knowledge.

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Summer 2027 recruiting

D. E. Shaw internships: when they open and how to apply

The D. E. Shaw group recruits interns across investing and technology, from systematic and discretionary investing to systems, strategy, and business operations. Its calendar is looser than the trading firms': applications are rolling, and the firm says it keeps selecting into the first quarter of the internship year.

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Internships and programs at D. E. Shaw

The early-career programs it runs for students and recent graduates, by the names it uses for them.

Quantitative Analyst Intern: Interns work in the firm's systematic investing area on research and modeling problems. It is based in New York, with a separate Ph.D. version.
Software Developer Intern: An engineering internship in New York within systematic investing, building the systems behind the firm's strategies. There is also a Ph.D. software developer internship.
Proprietary Trading Intern: A discretionary investing internship for students interested in markets and quantitative decision-making more than pure research.
Systems Engineering Intern: A technology internship in New York and London focused on the infrastructure behind the firm. There is also a Systems Administrator internship.
London Insight Programme: A one-day program in London with case studies, panels, and Q&A sessions led by the firm's staff, with travel and accommodation covered. It is a way to learn about the firm before applying for an internship.

When D. E. Shaw posts internships

D. E. Shaw reviews internship applications on a rolling basis. The firm says it finishes selecting by early in the first quarter of the internship year and recommends applying by the end of the previous calendar year. That leaves more room than firms that fill most seats by October, but rolling review still favors applying soon after postings appear in the fall.

Summer internships run 10 to 12 weeks, from early June to mid-August. Once a cycle's roles close, the campus site lets you sign up for alerts about the next one.

Who can apply

The firm invites undergraduate and graduate students from all schools, fields of study, and class years, and says no prior finance experience is needed. Most interns join the summer before they graduate.

Most internships are in New York, with others in London; the firm also lists Hong Kong, Shanghai, and Singapore as internship locations. Interns get housing, travel, and mentorship.

The interview process

Candidates describe D. E. Shaw's process as long and thorough. Software candidates report a coding assessment, several technical phone or video rounds, and a final round; quantitative analyst candidates report more probability, statistics, and math.

Expect more conversational interviews about past projects and how you think than at the pure trading firms. Be ready to explain the reasoning behind anything on your resume in depth.

Tips for applying to D. E. Shaw

November is not too late. D. E. Shaw says it keeps selecting into the first quarter, though earlier is still better.
Pick the business unit that fits you. A proprietary trading internship and a systems engineering internship are recruited and interviewed very differently.
Students outside math and CS should still look: the firm explicitly recruits from all fields for some roles.

D. E. Shaw internship questions

When do D. E. Shaw internship applications open?: Postings for the next summer have appeared in late summer and fall, and applications are reviewed on a rolling basis. The firm says selection is finished by early in the first quarter of the internship year and recommends applying by the end of the prior calendar year.
What internships does D. E. Shaw offer?: Recent postings include Quantitative Analyst, Software Developer, Proprietary Trading, Fundamental Research Analyst, and Systems Engineering internships, most in New York, plus investor relations and strategy roles in New York and London. Internships run 10 to 12 weeks from early June to mid-August.
Do I need finance experience to intern at D. E. Shaw?: No. The firm says it recruits students from all academic disciplines and does not require prior finance knowledge.