Jane Street Intern Salary: $300K Annualized in NYC

The most useful answer starts with the exact internship. The following figures are disclosed on Jane Street’s own New York job descriptions, checked October 3, 2026. Each describes a May–August internship. The linked titles do not specify a calendar year, so this is a snapshot of the published rates, rather than a promise about every 2027 offer.

Base salary is the recurring cash rate. It does not establish a signing payment, the monetary value of housing, or take-home pay. A candidate comparing two internships should first calculate base cash for the actual dates, then add any separately documented cash payments.

The distinction between roles also matters. A data engineer, a software engineer and a trading desk operations engineer can all work on technical problems at the same firm while having different posted pay. A headline about “Jane Street interns” can conceal those differences. Save the role title and original link alongside the number.

An annualised salary describes the pace at which you earn money. Think of it as a rate: an internship pays for a limited period at that rate. Multiplying it by the fraction of a year worked gives an approximate base payment.

For comparability, this guide uses 52 weeks per year:

Estimated weekly base = annual base ÷ 52.

Estimated internship base = annual base × paid weeks ÷ 52.

The hourly column assumes 40 hours a week for 52 weeks. It is a unit conversion, not a statement that an internship is contracted hourly, that every working week lasts 40 hours, or that overtime has a particular treatment.

Similarly, $25,000 a month is an average monthly equivalent of a $300,000 annual rate. A four-week period would instead be approximately $23,077. A calendar month is usually longer than four weeks, so those numbers can describe the same salary without contradiction.

Your offer and payroll conventions control the actual payment. Partial weeks, start and finish dates, and the employer’s proration method can produce a different result. Use these conversions to compare like with like, then ask the recruiter to confirm the base cash payable across your specific internship dates.

Jane Street’s internship overview describes programmes that usually run for 10–12 weeks between May and September, alongside off-cycle opportunities. A May–August title is a seasonal window; it does not mean every intern is paid for all four complete months.

These are our rounded estimates of gross base cash, using the 52-week convention above:

For example, $300,000 × 11 ÷ 52 = $63,461.54 before rounding. This is neither a company-published summer total nor a guaranteed amount. The table excludes signing payments, relocation cash, meals and housing, and makes no tax deduction.

Do not multiply $25,000 by three just because an internship touches June, July and August. An 11-week placement lasts about 2.54 average months under this convention. The paid period is the relevant input, even when a programme spans parts of three calendar months.

An off-cycle placement can be longer or shorter. Recalculate using its own dates and annual rate rather than borrowing the standard summer duration. If an offer gives an explicit total payment instead, compare that contractual figure directly and do not replace it with our estimate.

Levels.fyi’s Jane Street internship page displays a Summer 2026 New York entry with $25,000 monthly pay, a $25,000 sign-on bonus and corporate housing. It also displays a Winter 2027 New York entry with $25,000 monthly pay and a $40,000 signing payment. These are third-party reports, checked October 3, 2026.

Treat them as examples of reported offers. They do not establish a minimum, an average or a promise for another candidate. The page heading says software engineer, but several rows carry quantitative trader, researcher or developer tags. The role label within a row matters more than the heading alone.

Here is how to reconcile a headline with a base rate. Assume, purely as an example, that an intern has a $300,000 annual base, 11 paid weeks and a separately confirmed $25,000 signing payment:

That example explains how a total near $88,000 can coexist with a $300,000 annual base. It does not mean every intern receives that package. A headline near $80,000–$90,000 requires a stated duration and additional cash terms; it cannot be derived from base salary alone for every 10-week placement.

Keep employer-provided housing outside the cash total. If you estimate its value, label it separately and explain the valuation. Accommodation worth a particular amount to a company may save you a different amount, and it does not become money in your bank account.

The official internship programme page identifies New York, London and Hong Kong as internship locations. Pay evidence differs between offices.

Sources: London SWE programme archive, London TDOE description and Hong Kong SWE description. The London SWE archive is explicitly closed, so use it for programme context and go to the current open-roles page to apply.

Older London and Hong Kong rows on Levels.fyi can provide historical context, but the page displays figures in USD. A dollar amount associated with a London location is not a GBP quote. Converting it today would also combine a historical offer with a new exchange rate.

For a useful regional comparison, obtain the current offer in its original currency, calculate cash for the same number of paid weeks, and list accommodation and travel separately. Any currency conversion should state its rate and date. We do not infer London or Hong Kong pay by exchanging the New York salary.

Jane Street’s general benefits page describes office meals and amenities. Its internship overview also shows breakfasts, lunches, classes and social activities. Neither page assigns a cash value to an individual intern’s package.

Use the following questions when reading an offer:

Be careful with similar-looking wording. Reimbursement normally requires an eligible expense; an allowance is a stated payment; employer-provided accommodation is a service. Adding all three as if they were unrestricted cash can overstate an offer.

The official interviewing FAQ also describes covered travel and hotels for interviews. Interview travel is a different benefit from relocation for an internship. Do not use that FAQ alone to claim the employer pays every intern’s flights or summer accommodation.

The calculations on this page are before deductions. A payroll deposit can be lower than the quoted gross payment, and it is not necessarily your final after-tax income. Personal circumstances, the work location and the treatment of particular payments affect the result; we do not calculate an individual tax bill here.

For budgeting, separate three questions. How much gross cash will the employer pay? When will that cash arrive? Which expenses must you fund before reimbursement or your first payday? Even a large package can require money upfront if your signing payment comes later and accommodation is reimbursed after submission.

To compare another internship, use a consistent worksheet:

1. Enter each offer’s exact role, office, season and currency.
2. Calculate base cash for the actual paid period, or use an explicit contractual total.
3. Add only cash payments documented for your offer.
4. List supplied housing and travel beside the cash figure.
5. Compare payment dates, conditions and your expected living expenses.
6. Evaluate the work and mentorship as well as pay.

A higher monthly rate does not automatically produce a higher total if the placement is shorter. A housing allowance can increase gross cash while leaving more of your expenses to you. These are practical differences that a single compensation number cannot describe.

Start with Jane Street’s current open roles and the precise office and track. The firm’s interviewing FAQ says applications are reviewed on a rolling basis and typically have no single deadline. That is more reliable than treating a third-party month-by-month calendar as fixed.

The work differs across tracks. The trading JD describes quantitative projects and mock-market learning. The research JD emphasises investigating data and models, including experiment design and time-series work. The SWE JD focuses on building maintainable software with mentors. Data engineering centres on understanding and transforming unfamiliar datasets; TDOE works on trading workflows and operational infrastructure. Read those responsibilities before choosing by salary.

Eligibility is also role-specific. The reviewed New York TDOE posting asks for candidates planning to graduate in 2028. The QR posting welcomes current students and also graduates considering a move into finance. A blanket rule that every internship is only for current undergraduates would exclude candidates the employer explicitly welcomes.

For research preparation, a small, reproducible analysis with clear assumptions is useful practice. QuantSteps’ free Returns Lab lets you work on explaining returns and drawdowns; the assessment can help identify foundation gaps. Those learning activities support the research direction. They do not establish eligibility, secure an interview or promise the salary discussed here. Trading and SWE candidates should also follow the employer’s role-specific preparation guidance.