Scholarship Overview
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Overview
The Jane Street Graduate Research Fellowship is a competitive funding program designed to support exceptional PhD students conducting research in quantitative disciplines. The fellowship targets students whose work aligns with the technical challenges faced in quantitative finance, including applied mathematics, computer science, theoretical physics, and machine learning.
Jane Street, a global quantitative trading firm, established this fellowship to foster deep research expertise in fields that underpin modern financial markets. The program emphasizes research excellence over immediate industry application, giving fellows freedom to pursue fundamental questions in their chosen areas.
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Eligibility Requirements
The fellowship has specific eligibility criteria focused on academic standing and research direction:
- Current PhD students or students who will begin PhD studies by the following fall
- Enrollment in a recognized doctoral program at an accredited university
- Research focus in eligible quantitative fields including applied mathematics, pure mathematics, theoretical physics, computer science, machine learning, statistics, or electrical engineering
- For international students outside the United States, confirmation from a faculty member that they will facilitate award disbursement at their institution
The program particularly values candidates working on problems with mathematical depth, whether or not they have explicit finance applications. Research areas of interest include partial differential equations, numerical methods, computational physics, deep learning, programming languages, and theoretical computer science.
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Research Areas
The fellowship accepts applications across a broad spectrum of quantitative disciplines:
- Applied Mathematics: PDEs, numerical methods, physical applied mathematics
- Pure Mathematics: Algebra, number theory, geometry, topology, representation theory, analysis, probability, combinatorics
- Theoretical Physics: Computational high-energy physics, phenomenology, astrophysics/cosmology theory, string theory, quantum information
- Computer Science & Engineering: Computer vision, databases, networking, systems, architecture, programming languages, theoretical computer science
- Machine Learning & AI: Deep learning, neural networks, reinforcement learning, learning theory, optimization, natural language processing, robotics
- Other Quantitative Fields: Statistics, computational biology, electrical engineering
Application Components
Applicants must prepare a comprehensive submission including:
- Completed online application form with personal and academic information
- CV detailing educational background and research experience
- Research statement outlining current work and future directions
- Collated PDF containing both CV and research statement
- Two letters of recommendation from academic referees
- Information about current and expected PhD funding sources
- Optional: Notable academic awards or achievements
Recommendation letters must be submitted by December 1, 2026. Jane Street contacts applicants before reaching out to letter writers, allowing candidates to notify their referees.
Application Process
The application follows a structured timeline:
- Complete the online application form with accurate personal and institutional information
- Upload the required collated PDF document (CV + research statement)
- Provide contact information for two academic referees
- Submit details about PhD funding status and any notable achievements
- Confirm faculty support for international disbursement if applicable
- Submit application before the deadline
- Jane Street follows up via email with additional instructions
For African and SADC Region Applicants
PhD students from Zimbabwe and the broader SADC region are eligible to apply, provided they meet the enrollment and research focus requirements. International applicants must secure confirmation from a faculty member at their university who will facilitate award disbursement, as Jane Street’s administrative processes are designed primarily for U.S. institutions.
Candidates from African institutions should ensure their doctoral programs are recognized and that they can demonstrate how their research connects to quantitative methods, even if the immediate application is outside finance. Strong applications from the region typically emphasize mathematical rigor and clear research contributions.
Selection Criteria
Applications are evaluated based on:
- Research quality and originality
- Technical depth and mathematical sophistication
- Clarity of research vision and statement
- Academic track record and references
- Alignment with areas of interest to Jane Street’s research culture
The selection process emphasizes intellectual curiosity and problem-solving ability over specific preparation for finance careers. Fellows are not obligated to join Jane Street after completing their PhD.
Important Dates
Recommendation Letter Deadline: December 1, 2026
The main application deadline is not explicitly stated in available materials, but applicants should plan to submit well before the letter deadline to allow processing time.
Official scholarship page: https://www.janestreet.com/apply-graduate-research-fellowship/
You apply directly with the provider. We never charge for applications or ask for payment details. How we verify scholarships
