Careers
The Quantitative Finance and Risk Management program aims to equip graduates with advanced skills as quantitative analysts and proficient problem-solvers in the financial sector. To support this objective, our dedicated program staff offers comprehensive career services aimed at enhancing students’ opportunities for securing summer internships and full-time positions that align closely with their individual interests, strengths, and career aspirations.
Customized Career Support
Explore a wealth of career resources tailored for Quant students, including:
– One-on-one career advising
– Resume and cover letter development
– Interview preparation bootcamp and workshops
– Employer and alumni information sessions
– Career development activities year-round
– Access to University Career Center resources and university-wide career fairs
– Financial support for conferences and career fairs
Throughout the year, Quant students participate in program-sponsored career development activities and receive individualized assistance in planning for and pursuing job opportunities. Our office also works directly with employers to match our students with appropriate positions. More information on the workshops, seminars, and other activities that support students’ journey toward becoming quantitative analysts can be found on our Student Life page.
The Mathematics Department hosts an annual Mathematics Career Fair for all students. The financial industry is well represented at the Career Fair including employers such as Citadel, Jane Street, etc., making it a prime opportunity for Quant students to explore career options and make connections with employers.
Students in the Quantitative Finance and Risk Management are also invited to participate in the annual Statistics Career Fair, which is hosted by our partner department and is specifically focused on master’s students.
Our students have access to all of the resources and opportunities provided by the University Career Center (UCC), including one-on-one career advising, resume and cover letter reviews, job postings, multiple career fairs in both the Fall and Winter semesters, and on-campus recruiting events. Our office works with the Career Center to identify and promote the opportunities that will be most valuable to our students.
The UCC also provides a comprehensive International Student Resources Toolkit to support career exploration, job and internship searching and continuing education for U-M international students.
First Destination Profile
A first destination profile outlines the initial career paths or further educational pursuits of graduates shortly after completing their studies. This profile categorizes students based on the first job they secured post-graduation or the decision to pursue additional education, such as a Ph.D. It’s important to note that this information is voluntarily provided by students and may not comprehensively reflect the final destinations of all graduates. This profile serves as a valuable tool for understanding early career outcomes and trends among non-native English-speaking graduates.
2022 Cohort First Destination Profile
Full-Time Industry
| Company | Position | Location |
|---|---|---|
| Milliman | Actuarial Analyst | Chicago, IL |
| PwC | Associate | New York, NY |
| Software Engineer | Boston, MA | |
| Goldman Sachs | Quantitative Strategist Senior Analyst | New York, NY |
| Barclays | Business Analyst | New York, NY |
| CITIC Securities | Quantitative Trader | Shanghai, China |
| Meituan | Algorithm Engineer | Shanghai, China |
| Moody’s Analytics | Client Service Specialist | Springfield, IL |
| Quantfund Investments | Quantitative Researcher | Shanghai, China |
| Guotai Junan Investments | Trading Assistant | Hong Kong, China |
Further Education
| Institution | Position | Location |
|---|---|---|
| University of Illinois Urbana-Champaign | PhD Student | Champaign, IL |
Some students in the Fall 2022 cohort graduated in May 2023, December 2023, and May 2024. Graduates are considered placed when they report accepting a full-time permanent position. Some students have received full-time job offers but they may decide not to accept an offer, and some student have not reported their placement information.
2021 Cohort First Destination Profile
Full-Time Industry
| Company | Position | Location |
|---|---|---|
| Transwarp Technology | Machine Learning Engineer | Shanghai, China |
| China Construction Bank (Asia) | Junior Risk Manager | Hong Kong, China |
| CITIC Futures | Quantitative Researcher | Shanghai, China |
| Bank of Thailand | Investment Officer | Bangkok, Thailand |
| Uranus Research | Quantitative Researcher | Shanghai, China |
| Citigroup | Model Validation Quant Officer | Tampa, FL |
| Wrigley Capital | Investment Analyst | Los Angeles, CA |
| AeroTract | Machine Learning Engineer | Albany, NY |
| Jackson National Life | Risk Analyst | Lansing, MI |
| WorldQuant | Quantitative Researcher | Shanghai, China |
| Ernst & Young | Consultant | London, U.K. |
| (Private Equity Fund) | Quantitative Researcher | Shenzhen, China |
| Federal Home Loan Bank of Chicago | Financial Modeling Analyst | Chicago, IL |
| Galaxy Futures | Quantitative Researcher | Beijing, China |
| Equity Methods | Financial Reporting Associate | Scottsdale, AZ |
| Ping An Group | Investment Management Staff | Shanghai, China |
| CITIC Securities | Senior Research Associate | Shenzhen, China |
Further Education
| Institution | Position | Location |
|---|---|---|
| Boston University | PhD Student | Boston, MA |
| University of Oxford | PhD Student | Oxford, U.K. |
| University of Michigan | PhD Student | Ann Arbor, MI |
| University of Miami | PhD Student | Miami, FL |
Students in the Fall 2021 cohort graduated in May 2022, December 2022, and May 2023. Graduates are considered placed when they report accepting a full-time permanent position. Some students have not reported their placement information.
2020 Cohort First Destination Profile
Full-Time Industry
| Company | Position | Location |
|---|---|---|
| Freddie Mac | Risk Rotation Senior | McLean, VA |
| Aegon | Junior Analyst | Rigen, Netherlands |
| BNY Mellon | Vice President / Specialist | Pittsburgh, PA |
| China Securities | Analyst | Beijing, China |
| CITIC Securities | Senior Associate, Commodity Business Unit | Beijing, China |
| CITIC Securities | Model Risk Senior Associate | Beijing, China |
| CITIC Securities | Manager | Beijing, China |
| Deloitte | Analyst | Shanghai, China |
| Everbright Securities | Analyst | Shanghai, China |
| Shenzhen Stock Exchange | Staff | Shenzhen, China |
Further Education
| Institution | Position | Location |
|---|---|---|
| Boston University | PhD Student | Boston, MA |
| Northwestern University | PhD Student | Evanston, IL |
| Georgia Institute of Technology | PhD Student | Atlanta, GA |
Students in the Fall 2020 cohort graduated in Winter 2021, December 2021, and May 2022. Graduates are considered placed when they report accepting a full-time permanent position. Some students have not reported their placement information.
2019 Cohort First Destination Profile
Full-Time Industry
| Company | Position | Location |
|---|---|---|
| Bloomberg | Data Analyst | Shanghai, China |
| BNY Mellon | Model Risk Specialist | Pittsburg, PA |
| CITIC Securities | Senior Associate | Beijing, China |
| CITIC Securities | Equity Trader | Beijing, China |
| CME Group | Quant Analyst | Chicago, IL |
| Dai-ichi Life Insurance | Quantitative Analyst | Tokyo, Japan |
| Galaxy Futures | Analyst, Asset Allocation | Shanghai, China |
| Goldman Sachs | Engineering Analyst | Salt Lake City, UT |
| Goldman Sachs Tokyo | New Analyst | Tokyo, Japan |
| Guosheng Securities | Financial Analyst | Beijing, China |
| Haitong International Securities | Equity Research Analyst | Beijing, China |
| Huatai Securities Co. | Quantitative Researcher | Nanjing, China |
| IQVIA | Analyst, Management Consulting | Shanghai, China |
| Jyah Asset Management | Quantitative Analyst | Shanghai, China |
| KPMG Beijing | Risk Consultant | Beijing, China |
| PetroChina International | Oil Trader | Beijing, China |
| PwC | X-Venturer | Hong Kong, China |
| State Street | Quantitative Analyst Senior | Hangzhou, China |
Students in the Fall 2019 cohort graduated in May 2020, December 2020, and May 2021. Graduates are considered placed when they report accepting a full-time permanent position. Some students have not reported their placement information.
2018 Cohort First Destination Profile
Full-Time Industry
| Company | Position | Location |
|---|---|---|
| Bank of China Financial Technology Co | Assistant Technology Manager | Beijing, China |
| Bank of Communications | Analyst | Shanghai, China |
| Beijing Jiawo Asset Management | Quantitative Researcher | Beijing, China |
| China Construction Bank | Analyst | Shanghai, China |
| China Galaxy Securities | FICC Investment Assistant | Beijing, China |
| Citi | Model Validation Senior Analyst | Wilmington, DE |
| CITIC Securities | Investment Banking Analyst | Shanghai, China |
| CITIC Securities | Senior Associate | Beijing, China |
| Deloitte | Analyst | Shenzhen, China |
| Goldman Sachs | Analyst | Dallas, TX |
| Guangfa Securities | Quantitative Developer | Guangzhou, China |
| Harvard University | Research Assistant | Cambridge, MA |
| KPMG | Auditor | Beijing, China |
| Luzheng Capital Management | Option Trader | Jinan, China |
| Ping An Insurance | Model Development Assistant | Shenzhen, China |
| PNC | Bank Investment Risk Specialist | Pittsburgh, PA |
| SWS MU Fund Management | Quantitative Risk Analyst | Shanghai, China |
Further Education
| Institution | Position | Location |
|---|---|---|
| Carnegie Mellon University | PhD Student | Pittsburgh, PA |
| University of Missouri | PhD Student | St. Louis, MO |
| University of Waterloo | PhD Student | Waterloo, Canada |
Students in the Fall 2018 cohort graduated in May 2019, December 2019, and May 2020. Graduates are considered placed when they report accepting a full-time permanent position. Some students have not reported their placement information.
2017 Cohort First Destination Profile
Full-Time Industry
| Employer | Position | Location |
|---|---|---|
| AIG | Quantitative Analyst | Shanghai, China |
| Baidu USC | Undisclosed | San Jose, CA |
| Bloomberg | Market Data Analyst | Shanghai, China |
| Charles River Development | Product Specialist | Burlington, MA |
| Galaxy Securities | Quant Researcher | Beijing, China |
| Citi | Analyst | Hong Kong, China |
| Dai-Ichi Life Group | Assistant Manager | Tokyo, Japan |
| Goldman Sachs | Analyst | Dallas, TX |
| Groundspeed Analytics | Analyst | Ann Arbor, MI |
| Huawei | Big Data Developer | Shenzhen, China |
| Insurify | Quantitative Analyst | Boston, MA |
| MSCI | Associate, Quantitative Model Validation | Norman, OK |
| PwC | Risk Analyst | Hong Kong, China |
| PwC | Risk Modeling Associate | Columbia, OH |
| Quicken Loans | Associate Data Scientist | Detroit, MI |
| Société Générale | Exotic Trader Assistant | Hong Kong, China |
| State Street | Quantitative Analyst | Hangzhou, China |
| US Bank | Quantitative Model Analyst | Minneapolis, MN |
| Washtenaw Community College | Data Research Analyst | Ann Arbor, MI |
Further Education
| Institution | Position | Location |
|---|---|---|
| Illinois Institute of Technology | PhD Student | Chicago, IL |
| University of Connecticut | PhD Student | Storrs, CT |
Students in the Fall 2017 cohort graduated in May 2018, December 2018, and May 2019. Graduates are considered placed when they report accepting a full-time permanent position. Some students have not reported their placement information.
Internship Experiences
Explore the valuable internship experiences of our students during their time in the Quant program. For international students, participating in internships requires Curricular Practical Training (CPT). Our dedicated Quant Career Services Manager is here to assist you every step of the way. CPT allows international students to gain practical, hands-on experience in their field of study while pursuing their academic program in the United States.
China
- Shanghai
- Bank of East Asia, Credit Analysis Intern
- Changjiang Futures, Quantitative Developer
- China Construction Bank, Quantitative Risk Intern
- CICC, Financial Engineering Intern
- Founder Securities, Equity Research Analyst
- Huatai PineBridge, Intern
- Quandrant Capital Management, Analyst Intern
- Shenwan Hongyuan Securities, Quantitative Research Intern
- Sunward Capital, Data Analyst and Strategy Developer Intern
- Wells Fargo, Model Validation Intern
- Zhicang Technology, Data Mining Engineer
- China Everbright Securities, Industry Researcher
- Galaxy Futures, Option Trading Intern
- Guangfa Securities, Quantitative Macroeconomic Research Analyst
- Mingxi Capital, High Frequency Trader
- DWS, Alternative Investment Intern
- Essence Securities, Quantitative Analyst Intern
- Bank of America, FICC Trading Summer Analyst
- CITIC Capital Partners Limited, Private Equity Intern
- CITIC Securities, Research Intern
- Beijing
- Beijing Risk Management & Monitoring Software, Algorithm/Development Intern
- CICC, Investment Banking Intern
- CITIC Securities, FICC Intern
- Hillhouse Capital Group, Private Equity Summer Intern
- JIC Trust, Private Equity Summer Analyst
- KPMG China, Financial Risk Management Intern
- CITIC Securities, Intern
- Qunyu Dingquan Asset Management Company, Quantitative Analyst Intern
- Eastmore Management, Quantitative Developer Intern
- Shenzhen
- CITIC Futures, Quantitative Research Intern
- Guotai Junan International, Intern
- Qianshi Capital, R&D Intern
- Guangzhou
- E Fund Management, Risk Management Intern
- Hong Kong
- Citi, Summer Analyst
United States
- New York, NY
- Goldman Sachs, Summer Analyst
- Global AI Corporation, Quantitative Strategy Intern
- Eastmore Management, LLC, Quantitative Developer Intern
- CITIC Securities, Intern
- Zhongguancun Synergetic Developing Investment Company, Intern
- Ann Arbor, MI
- DTE Energy, Energy Trading Intern
- DTE LLC Corporate Strategy, Data Analyst Intern
- Ross School of Business, Research Assistant
- Hanchang Investment Company, Research and Trading Intern
- Irvine, CA
- LendUS, Data Analyst
- McLean, VA
- Wells Fargo, Model Validation Intern
- Norman, OK
- MSCI, Quantitative Model Validation Intern
- Pittsburgh, PA
- PNC, Market Risk Analyst Intern
Information for International Students
We assist our international students in securing employment opportunities in the United States through Curricular Practical Training (CPT) and Optional Practical Training (OPT) programs. Our Quant program is classified under STEM (Science, Technology, Engineering, and Mathematics), making our students eligible to apply for a 24-month extension of their OPT period, known as the STEM OPT extension. This extension allows students additional time to gain practical experience in their field of study after completing their initial OPT period.