Careers

Job Placement and Career Services

The Quantitative Finance and Risk Management program is designed to prepare graduates to become masterful quantitative analysts and leading problem-solvers in the financial industry. In order to assist in this, our program staff is dedicated to placing students in summer internships and full-time jobs that best reflect their interests, strengths, and aspirations.

Quant Students have access to the following services and opportunities:

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.

Our students have access to all of the resources and opportunities provided by the University of Michigan Career Center, including one-on-one career advising, resume and cover letter reviews, job postings, 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 Mathematics Department hosts an annual Mathematics Career Fair for all students. The financial industry is well represented at the Career Fair, making it a prime opportunity for Quant students to explore career options and make connections with employers. Learn more about the event here.

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.

Placement Record

2018 Cohort Graduate Placement
  • Bank of Communications, Analyst (Shanghai)
  • Beijing Jiawo Asset Management, Quantitative Researcher (Beijing)
  • Carnegie Mellon University, PhD Student (Pittsburgh)
  • China Construction Bank, Analyst (Shanghai)
  • China Galaxy Securities, FICC Investment Assistant (Beijing)
  • CITIC Securities, Senior Associate (Beijing)
  • CITIC Securities, Investment Banking Analyst (Shanghai)
  • Deloitte, Analyst (Shenzhen)
  • Goldman Sachs, Analyst (Dallas)
  • Guangfa Securities, Quantitative Developer (Guangzhou)
  • Harvard University, Research Assistant (Cambridge)
  • KPMG, Auditor (Beijing)
  • Luzheng Capital Management, Option Trader (Jinan)
  • Ping An Insurance Company, Model Development Assistant (Shezhen)
  • PNC, Bank Investment Risk Specialist (Pittsburgh)
  • Research Analyst, XLP Capital (New York)
  • SWS MU Fund Management, Quantitative Risk Analyst (Shanghai)
  • University of Missouri, PhD Student (St. Louis)
  • University of Waterloo, PhD Student (Waterloo)

For the cohort starting in Fall 2018, 28 students graduated between December 2019 and May 2020. Of these, 18 (64%) have reported full-time placement in jobs or education as of October 2020.

2018 Cohort Internship Placement
  • Bank of East Asia, Credit Analysis Intern (Shanghai)
  • Beijing Risk Management & Monitoring Software, Algorithm/Development Intern (Beijing)
  • Changjiang Futures, Quantitative Developer (Shanghai)
  • China Construction Bank, Quantitative Risk Intern (Shanghai)
  • China Galaxy Securities, FICC Intern (Beijing)
  • CICC, Financial Engineering Intern (Beijing)
  • CICC, Investment Banking Intern (Beijing)
  • Citi Orient Securities, Intern (Shanghai)
  • CITIC Futures, Quantitative Research Intern (Shenzhen)
  • CITIC Securities, FICC Intern (Beijing)
  • Deloitte, Risk Advisory Intern (Shanghai)
  • DTE Energy, Energy Trading Intern (Ann Arbor)
  • DWS, Alternative Investment Intern (Shanghai)
  • Essence Securities, Intern Quantitative Analyst (Beijing)
  • Founder Securities, Equity Research Analyst (Shanghai)
  • Goldman Sachs, Summer Analyst (New York)
  • Guotai Junan International, Intern (Shenzhen)
  • Huatai PineBridge, Intern (Shanghai)
  • Jiawo Assets, Quant Research Intern (Beijing)
  • PNC, Market Risk Analyst Intern (Pittsburgh)
  • Qianshi Capital, R&D Intern (Shenzhen)
  • Quandrant Capital Management, Analyst Intern (Shanghai)
  • Ross School of Business, Research Assistant (Ann Arbor)
  • Shenwan Hongyuan Securities, Quantitative Research Intern (Shanghai)
  • Sunward Capital, Data Analyst and Strategy Developer Intern (Shanghai)
  • Wells Fargo, Model Validation Intern (McLean, VA)
  • Zhicang Technology, Data Mining Engineer (Shanghai)
2017 Cohort Graduate Placement
  • AIG, Quantitative Analyst (Shanghai)
  • Baidu (San Jose)
  • Bloomberg, Market Data Analyst (Shanghai)
  • Charles River Development, Product Specialist (Burlington, MA)
  • China Galaxy Securities, Quant Researcher (Beijing)
  • Citi, Sales and Trading Analyst (Hong Kong)
  • Dai-Ichi Life Group, Assistant Manager (Tokyo)
  • Goldman Sachs, Risk Analyst (Dallas)
  • Groundspeed Analytics, Analyst (Ann Arbor)
  • Huawei, Big Data Developer (Shenzhen)
  • Illinois Institute of Technology, PhD Student (Chicago)
  • Insurify, Quantitative Analyst (Boston)
  • MSCI, Associate, Quantitative Model Validation (Norman, OK) (2)
  • PwC, Risk Analyst (Hong Kong)
  • PwC, Risk Modeling Associate (Columbia)
  • Quicken Loans, Associate Data Scientist (Detroit)
  • Société Générale, Exotic Trader Assistant (Hong Kong)
  • State Street, Quantitative Analyst (Hangzhou)
  • University of Connecticut, PhD Student (Mansfield, CT)
  • US Bank, Quantitative Model Analyst (Minneapolis)
  • Washtenaw Community College, Data Research Analyst (Ann Arbor)

For the cohort starting in Fall 2017, 21 out of 30 graduated students responded with information about full-time placement in jobs or education as of March 2020.

Placement rate at graduation: 50%

Placement rate 3 months after graduation: 53%

 

2017 Cohort Internship Placement
  • BNP Paribas, Intern (New York)
  • Changjiang Securities, Risk Analyst (Wuhan)
  • China Everbright Securities, Industry Researcher (Shanghai)
  • Citi, Summer Analyst (Hong Kong)
  • Crassets Investment, Quantitative Research Intern (Shanghai)
  • E Fund Management Co, Ltd, Risk Management Intern (Guangzhou)
  • Eastmore Management, LLC, Quantitative Developer Intern (New York)
  • Galaxy Futures, Option Trading Intern (Shanghai)
  • Global AI Corporation, Quantitative Strategy Intern (New York)
  • Guangfa Securities, Quantitative Macroeconomic Research Analyst (Shanghai)
  • Guotai Junan Securities, Research Assistant (Shanghai)
  • Hedge Fund (undisclosed), Intern (2)
  • Hillhouse Capital Group, Private Equity Summer Intern (Beijing)
  • Huatai-PineBridge Fund, Intern (Shanghai)
  • ICBC Bank, Intern (Changchun)
  • KPMG China, Financial Risk Management Intern (Beijing)
  • LendUS, Data Analyst (Irvine)
  • Mingxi Capital, High Frequency Trader (Shanghai)
  • MSCI, Intern, Quantitative Model Validation (Norman)
  • The SearchLite, Market Research Analyst (Ann Arbor)
  • University of Michigan Ross School of Business, Research Assistant (Ann Arbor)
2016 Cohort Graduate Placement
  • Bangkok Bank PCL, Assistant Dealer (Bangkok)
  • Boston University, PhD Student (Boston)
  • Carnegie Mellon University, PhD Student (Pittsburgh)
  • China Merchants Bank, Management Trainee (Shanghai) (2)
  • EY, Senior Consultant (Shanghai)
  • IBM, Data Scientist (Shanghai)
  • Moelis & Company, Investment Banking Analyst (Beijing)
  • Stevens Institute of Technology, PhD Student
  • SWS Research, Analyst (Shanghai)
  • University of New South Wales, PhD Student 
  • University of Sydney, PhD Student (Sydney)
  • Zhou Ou Fund, Risk Control Analyst (Shanghai)

For the cohort starting in Fall 2016, 13 out of 18 students responded with information about full-time placement in jobs or education.

2016 Cohort Internship Placement
  • FICC Trading Summer Analyst, Bank of America (Shanghai)
  • Assistant Analyst Intern, Taiping Asset Management Co.
  • Intern, Zhongguancun Synergetic Developing Investment Company
  • Data Analyst Intern, DTE LLC Corporate Strategy (Ann Arbor)
  • Research Intern, CITIC Securities (Beijing)
  • Intern, CITIC Securities (New York)
  • Private Equity Intern, CITIC Capital Partners Limited (Shanghai)
  • Intern, SWS Research (Shanghai)
  • Private Equity Summer Analyst, JIC Trust (Beijing)
2015 Cohort Graduate Placement
  • Quantitative Analyst, ACSI Funds (Ann Arbor)
  • Senior Quantitative Analyst, Capital One (McLean, VA)
  • Senior Analyst, Mergers and Acquisitions, CITIC Securities (Beijing)
  • Data Analyst, Discover Shanghai Analytics Center of Excellence (Shanghai)
  • Analyst, Global Banking and Markets, HSBC (New York)
  • Assistant Analyst, Huatai-PineBridge Investments (Shanghai)
  • Quant Intern, ICBC Credit Suisse (Beijing)
  • Data Assurance Analyst, Mistubishi UFJ Financial Group (New York)
  • Data Scientist, Mint Servicing, Inc. (Washington, D.C.)
  • Financial Markets Analyst, People’s Insurance Company of China Asset Management Company (Beijing)
  • Market Risk Analyst, Huarong Securities
  • PhD Student, University of Illinois-Chicago
2015 Cohort Internship Placement
  • Intern NLP Engineer, Axmtec
  • Quantitative Analyst Intern, CSats Funds
  • Quantitative Analyst Intern, Chang Xin Asset Management
  • Financial Services and Risk Management Intern, EY
  • Research and Trading Intern, Hanchang Investment Company
  • Industry Analyst Intern, Huarong Securities
  • Equity Captial Markets Intern Analyst, Industrial Secruities Co. Ltd.
  • Quantitative Research Intern, Kingsun Investment
  • Investment Banking Division Intern, Mingsheng Security
  • Quantitative Analyst Intern, Qunyu Dingquan Asset Management Company
  • Research Assistant, Ross School of Business (3)
  • Trading Strategies Research, Shanghai Kuantou Investment Management
  • Business Analyst Intern, State Street Technology

Information for International Students

We support our international students in their pursuit of U.S.-based employment via CPT and OPT. The Quant Program is designated as a STEM program, so our students are eligible to apply for the 24-month STEM OPT extension.