About the role#
Five Rings offers an intensive 9-week summer internship for PhD students. You will join our research team in New York to work on development projects and explore trading concepts. The program runs from early June through early August and includes a mix of hands-on work, classroom instruction, and internal strategy games.
What you'll do#
- Collaborate with the research team on development projects.
- Attend talks covering key trading concepts.
- Participate in classroom instruction and project work.
- Engage in team activities like strategic game nights.
- Test your own ideas independently while working alongside colleagues.
What you'll need#
- Current enrollment in a PhD program for computer science, mathematics, physics, statistics, economics, or a related field.
- Strong quantitative and mathematical skills.
- A proven track record of success in your field.
- Basic programming experience from academic or internship settings.
- A meticulous and detail-oriented approach to problem solving.
Location & details#
- Location: New York, NY.
- Term: Summer 2027.
- Modality: On-site.
- Employment type: Full-time.
- Compensation: This is a paid internship that includes a sign-on bonus and corporate housing.
About Five Rings
Five Rings is a proprietary trading firm based in New York. The company operates in domestic and international markets. It functions without clients or outside investors. The firm maintains a flat organizational structure and emphasizes internal education for its staff.
How to get in at Five Rings
Applying early to Five Rings gives you a distinct advantage, as recruiters often review applications before the candidate pool becomes unmanageable. Intern Insider sends an instant alert the moment a role matching your target is published, ensuring you can submit your materials among the first. This timing helps your application stand out before the pile grows. You should also consider reaching out to the recruiters behind the firm's roles to ask about the position or a potential referral. Intern Insider surfaces these specific contacts, which materially improves your response rates compared to submitting into a general queue. Connecting directly shows you have done your research and are serious about the firm.



