Five Rings Quantitative Internship 2027 in USA | Fully Funded

It is a nine-week summer internship at Five Rings, a proprietary trading firm. The program runs from early June through early August in New York and includes hands-on research projects, classroom instruction, strategy games, and mock trading. Interns work closely with full-time traders and receive mentorship, a competitive salary, sign-on bonus, and corporate housing. Both U.S. and international students are eligible to apply.

Candidates must be graduating in winter 2027 or spring/summer 2028 and have a quantitatively-focused academic background. Ideal applicants are collaborative, quick learners, intellectually curious, detail-oriented, and self-starters. There are no restrictions on field of study, but a strong quantitative aptitude is essential. International students are welcome, as the internship takes place in New York City.

Interns receive an annual base salary of $300,000, a sign-on bonus, and corporate housing for the duration of the program. The internship is fully funded, covering living expenses and providing a structured learning environment. Additionally, participants gain access to mentorship, classroom training, and networking events, making it a comprehensive professional development opportunity in quantitative trading.

The internship begins in early June and concludes in early August, spanning nine weeks. Exact start and end dates are communicated to selected candidates. The program is designed to immerse interns in real-world trading projects from day one, with a structured curriculum that includes in-house strategy games, lectures, and collaborative research alongside experienced traders.

The internship is based in New York City, at Five Rings’ office in New York. Although the firm has multiple locations including Boca Raton, London, and Amsterdam, this particular program is held in New York. International students are eligible and encouraged to apply; the company supports relocation by providing corporate housing for the duration of the internship.

Interns join the trading team to work on research and development projects, contributing directly to the firm’s strategies. They participate in mock trading sessions, attend talks on trading concepts, and engage in strategic games that simulate market conditions. The role is highly collaborative and fast-paced, requiring intellectual curiosity and a willingness to learn quickly.

Applications are submitted through the official Greenhouse job posting. You need to fill out an online form with personal details, education history, and answers to specific questions about GPA, grading scale, further education plans, and most recent work experience. A resume/CV upload is required. Early application is encouraged as no deadline is specified.

Yes, the posting explicitly states that students outside of the U.S. are eligible to apply. Five Rings provides corporate housing, which simplifies relocation for international interns. However, interns are responsible for any visa or work authorization requirements; the company does not detail visa sponsorship in the job description, so candidates should verify independently.

A successful applicant typically has a strong quantitative background, often from fields like mathematics, computer science, engineering, or physics. They demonstrate intellectual curiosity, attention to detail, and the ability to work in a fast-paced, collaborative environment. While prior trading experience is not required, a quick-learning mindset and self-starter attitude are essential.

The job posting does not explicitly mention full-time conversion, but many top-tier trading firms use internships as a pipeline for permanent roles. Interns who perform well and demonstrate strong cultural fit may be considered for full-time positions upon graduation. Candidates should network and express interest during the program to maximize their chances.