Who We Are
Founded in 1988 over a small bookstore in downtown New York City, the D. E. Shaw group began with six people and $28 million in capital and quickly became a pioneer in computational finance. We’ve earned a worldwide reputation for innovation, rigorous risk management, cutting-edge technology, and the caliber of our people.
Building new things is at our core. We deploy advanced investment techniques to uncover hard-to-find sources of potential return, develop new technologies when existing solutions won’t do, and launch innovative businesses across industries.
In the early days of exposed pipes and extension cords, tripping on a cable could take out our whole trading system. Today, we have more than 2,500 people around the globe and a highly advanced (and trip-proof) infrastructure, but we still value creativity, entrepreneurship, and the spirit of discovery.
Culture and Impact
We prize collaboration across disciplines, geographies, and teams. Analytical rigor, the open exploration of ideas, and a tireless pursuit of excellence drive us forward.
We strive for the D. E. Shaw group to be a rewarding place to work and grow, where our people can reach their full potential. Collaborating with people from different backgrounds allows us to solve complex problems together, and we thrive on a range of perspectives and experiences.
We hope to create a positive impact on our communities, including by coordinating volunteering and charitable giving opportunities, hosting talks on wide-ranging topics of social importance, and supporting individual philanthropy by matching employee charitable donations and time devoted to volunteering.
We’re committed to operating our business sustainably and have been carbon neutral for more than a decade.
By the Numbers
Programs
We welcome students from all academic disciplines looking to build skills and relationships, work alongside colleagues on high-impact initiatives, gain insight from experienced managers, and learn about the industry from experts inside and outside the firm.
Internships
As an intern, you’ll learn about our work and culture and gain valuable experience. No prior finance experience is required—we’ll teach you what you need to know!
Our interns work on some of the most compelling problems in finance and technology. Interns help shape the future of our firm through hands-on contributions to real-world projects. They also benefit from a wide range of firm resources, such as professional skills classes and on-demand learning modules.
We encourage undergraduate and graduate students from all schools and fields of study to apply to our internship program. 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.
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Our Internships:
Examples of past intern projects:
Fundamental Research Analyst Intern
- Developing and presenting a recommendation on an information security hardware company
Generalist Intern
- Comparing methods for detecting changes in risk environments and notable shifts in market dynamics
Proprietary Trader Intern
- Reviewing macro-level conditions in an emerging market country and understanding the drivers of its currency
Quantitative Analyst Intern
- Developing a new risk factor based on social media sentiment scoring using natural language processing techniques
Software Developer Intern
- Writing a parallel hyperparameter optimization library that reduces the execution time of simulations while maintaining their quality
Strategy and Business Development Intern
- Exploring how the firm might extend its private credit franchise in the Asia-Pacific region
Systems: Engineering Intern
- Enhancing the firm’s authorization system with an event-driven approach to updates
Summer internships typically start in early June and run through August. We consider applications on a rolling basis to accommodate a range of recruiting timelines and student obligations. We typically complete the selection of our intern class early in the first calendar quarter and recommend applying by the end of the previous calendar year.
Fellowships
Since 2016, the D. E. Shaw group has hosted fellowships that bring together talented and intellectually curious students from historically underrepresented backgrounds for unique learning opportunities and insight into what we do.
Fellows participate in interactive case studies, seminars led by visiting professors, and sessions with our employees. We host fellows at our New York City headquarters. Fellows receive a stipend, and we also cover travel and accommodations.
If you’ve demonstrated passion in your academic or professional pursuits and want to learn about our firm, we encourage you to apply. As with our internship program, no finance knowledge is required!
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Our Fellowships:
Roles
We’re always searching for disciplined thinkers and creative problem-solvers. We don’t compromise when it comes to recruiting and developing world-class talent, and we’re excited to meet future colleagues with extraordinary raw ability and long-term potential.
Our business units fall into six broad areas. Each offers internships, which you’ll see listed below, as well as opportunities for recent graduates, which you can explore on our Careers page. Read on to learn more about the work they do.
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.
2025 Intern Roles:
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.
2025 Intern Roles:
Fundamental Research Analyst Intern (New York)
Proprietary Trading Intern (New York)
Trader/Analyst Intern (Hong Kong/Singapore)
Trader/Analyst Intern (London)
D. E. Shaw Investment Management (DESIM) Intern (New York)
Fundamental Equities MBA Investment Analyst (New York)
Since 2005, we’ve invested in more than 65 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.
2025 Intern Roles:
D. E. Shaw Renewable Investments: Generalist Intern (Denver)
D. E. Shaw Renewable Investments: Generalist Intern (New York)
D. E. Shaw Renewable Investments: Law Student Summer Associate (Denver)
D. E. Shaw Renewable Investments: Law Student Summer Associate (New York)
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.
2025 Intern Roles:
Investor Relations Intern (London)
Strategy and Business Development (SBD) Intern (New York)
Strategy and Business Development Intern (Hong Kong / Singapore)
Our systematic investment strategies run on quantitative and computational techniques that we’ve developed over more than 30 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.
2025 Intern Roles:
Quantitative Analyst Intern (New York)
Quantitative Analyst, Ph.D. Intern (New York)
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.
2025 Intern Roles:
Systems Administrator Intern (New York)
Ready to Apply?
If you’re an intellectually adventurous person who loves to collaborate on challenging and rewarding projects, we encourage you to apply. Head over to our Careers page to browse our available positions and start an application.
Stay in Touch
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