Jane Street
Applications are open for the Jane Street Graduate Research Fellowship (GRF) 2027, an academic funding opportunity supporting exceptional doctoral students in computer science, electrical engineering, mathematics, physics and statistics. The fellowship is designed for researchers who demonstrate technical excellence, intellectual curiosity and a commitment to advancing knowledge in their chosen fields.
Jane Street is a quantitative trading firm that applies mathematics, statistics, computer science and technology to financial markets. Its work draws on areas such as machine learning, distributed systems, programmable hardware, applied mathematics and statistical modelling. Through the Graduate Research Fellowship, the company supports promising researchers whose work contributes to these and related technical disciplines.
The fellowship provides selected doctoral students with full tuition and fees for the upcoming academic year, alongside a US$50,000 stipend to help cover living expenses while completing their PhD. Finalists who do not receive the main award will receive a monetary award of US$5,000.
The Jane Street Graduate Research Fellowship recognises doctoral researchers whose work reflects strong analytical ability, intellectual independence and a commitment to solving challenging problems.
The fellowship is not limited to research directly related to financial markets or trading. Applicants conducting research in any eligible discipline may apply, provided their work falls within the programme's broad technical and mathematical scope.
This means that researchers working on theoretical mathematics, statistical methods, machine learning, computer systems, physics, electrical engineering and related subjects can be considered. Applicants whose research sits between disciplines are also encouraged to apply if their work has substantial overlap with one or more of the eligible fields.
The programme provides financial support that can help fellows concentrate on their research and doctoral studies. It also creates an opportunity to engage with Jane Street's technical community through an optional visit to the firm's office.
During this visit, fellows may give a presentation on a topic of their choice to Jane Street employees and other fellowship recipients. The visit is optional, and the associated expenses are covered for participating fellows.
Selected fellows can receive the following benefits:
• Full tuition and academic fees for the upcoming academic year.
• A US$50,000 stipend to help cover living expenses while completing the PhD.
• Financial support equivalent to the stated US dollar award for eligible recipients receiving payment in another currency.
• An opportunity to visit a Jane Street office and present research or another topic of interest.
• Coverage of expenses associated with the optional office visit.
• Recognition for technical excellence and research achievement.
• An opportunity to connect with other fellowship recipients and Jane Street professionals.
• Potential financial support for continued doctoral research, subject to university funding arrangements.
Finalist award: Applicants who reach finalist status but do not receive the main fellowship will receive US$5,000.
The stipend is taxable and may be subject to tax withholding. Existing university funding does not automatically prevent an applicant from applying. However, the final funding arrangement may depend on university policies, existing support and any applicable funding limits.
The fellowship supports doctoral research across four principal fields.
• Electrical Engineering: Research involving electronic systems, signal processing, communications, hardware design and other areas of electrical engineering.
• Computer Science: Work involving algorithms, artificial intelligence, machine learning, distributed systems, programming languages, computer architecture and related topics.
• Mathematics: Research in pure mathematics, applied mathematics, mathematical modelling, optimisation, probability and other mathematical disciplines.
• Physics: Theoretical and experimental research across physics and closely related technical areas.
• Statistics: Research involving statistical theory, probability, inference, computational statistics and quantitative methods.
The programme also welcomes research that overlaps multiple disciplines. Applicants should explain their work in a way that demonstrates its technical substance without assuming that the reader is a specialist in the precise research topic.
Applicants should meet the following requirements:
• Be currently pursuing a PhD in electrical engineering and computer science, mathematics, physics, statistics or a closely related field, or have committed to begin an eligible PhD programme in autumn 2027.
• Have at least one year remaining in the doctoral programme, where already enrolled.
• Be enrolled as an active, full time doctoral student at a degree granting, accredited research institution.
• Study at an eligible institution in the United States, Canada, the United Kingdom, Europe, Australia, New Zealand or Singapore.
• Remain in good academic standing throughout the academic year covered by the award.
• Demonstrate a research direction or proposed research direction within the fellowship's eligible academic fields.
International students are eligible and encouraged to apply. Applicants do not need to be citizens of the country where their university is located, but they must satisfy the institutional and academic requirements.
Students who are beginning their first year of graduate study may apply if they have committed to commence an eligible PhD programme in autumn 2027.
The fellowship may be forfeited if a recipient does not remain an active, full time doctoral student in good academic standing during the relevant academic year. Deferrals for medical reasons or other exceptional circumstances may be considered individually.
Applicants must prepare the following materials:
• Curriculum Vitae or Resume: An updated document outlining academic qualifications, research experience, publications, awards, technical skills and relevant achievements.
• Research Statement: A brief explanation of the applicant's current research or proposed research direction. Jane Street recommends approximately one to two pages, although a longer statement may be submitted if necessary.
• Recommendation Contact Information: Contact details for the individuals who will write recommendation letters on the applicant's behalf.
The research statement should be understandable to a general audience with a strong mathematical or technical background. Applicants should explain the central research question, why it matters, the approach being taken and the potential contribution of the work.
Applicants who already have a suitable research statement may use it for the application, provided it communicates their work clearly to readers outside their immediate specialisation.
Jane Street contacts the recommendation writers directly after receiving the application. Applicants should inform their recommenders that they may receive a request and ensure that they have enough time to prepare their letters.
The fellowship seeks doctoral researchers who demonstrate the qualities that Jane Street values in technical and research environments.
Relevant considerations include:
• Academic and technical excellence.
• Intellectual curiosity and willingness to explore difficult questions.
• A clear understanding of the applicant's research direction.
• Ability to communicate complex technical ideas clearly.
• Potential to contribute meaningful work to an eligible research field.
• Commitment to maintaining strong academic progress.
Applicants should use their research statement to communicate their ideas clearly and explain the significance of their work. They should avoid relying solely on technical terminology without explaining the underlying problem and its importance.
Interested candidates can follow these steps:
Jane Street
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